Louisiana Life, Accident and Health Practice Exam Test Questions & Answers Complete Solutions

Louisiana Life, Accident and Health Practice Exam Test Questions & Answers Complete Solutions ________ is the legal process used to stop someone from trying to get a right or privilege back that they have already waived. ️Estoppel ___________ are quite popular and allow employees to decrease their taxable wages by moving income to the plan before it is taxed as income, and in some cases, the money may be matched on some level by the employer on a regular, systematic basis. ️401(k)'s ____________ is a common exclusion from coverage that is listed on a health insurance policy. ️War or act of war _____________ - when a producer influences a consumer to replace a present policy with a different one. This is only acceptable if the producer gave the consumer better coverage or a better deal. ️Twisting _____________ benefit - this replaces income in direct proportion to the income loss due to the total disability the person experienced. ️Residual disability _______________ - groups of employers that join together to share the risk of self-insurance. ️Multiple-Employer Welfare Arrangements (MEWAs) ________________ - allows for terminated employees and/or their families to keep their coverage after qualifying events: resignation, downsizing, or layoff (if fired for misconduct, a person is ineligible), status change from full to part time. ️COBRA ________________ - to protect the insurer from adverse selection, they may decline certain risks, rate some persons higher than others due to risks, or exclude certain coverages. ️Policy issuance alternatives ________________ policies cover disabilities resulting from events off the job only, and expect the disabilities that occur on the job to be covered by available Worke