PA Accident Life and Health Practice Questions and Complete Solutions

Federal and state program designed to help provide needy persons, regardless of age, with medical coverage medicaid Blanket Accident and Sickness Insurance Issued to special groups such as common carriers and educational institutions -- not issued on an individual basis and no applications or certificates are required Free Look Policy 10 day free look policy that allows for returns and refunds without any reasoning Mutual Insurers No stockholders -- policyholders Funds not paid out after paying claims and other operating costs are returned to policy owners in the form of policy dividends When an employee's coverage terminates under a group health policy, the employee has the option to elect continuation within ________ days 60 Other titles for the affordable care act Patient Protection and Affordable Care Act, Obamacare, Health Care Reform Required uniform provisions in an individual insurance policy include... Grace period Entire Contract Reinstatement provisions What are the characteristics of an insurable risk affordable calculable measurable Why might hospital indemnity be recommended to a client -benefit paid directly to insured and can be used for any purpose -Affordable premiums -can be an ideal supplement to other health insurance A corporation or other limited liability association that assumes the liability exposure for any of its group members is called _________. risk retention group What is the name of the fixed monthly fee paid by the HMO to the provider capitation The Commissioner of Insurance is appointed by the governor for a term of: 4 years