FX Life and Health

EXAMFX QUESTIONS WITH CORRECT ANSWERS { GRADED A+} Which of the following is true about the requirement regarding HIV exams? - The applicant must give prior informed written consent An agent makes a mistake on the application and then corrects his mistake by physically entering the necessary information who must then initial that change - Applicant Nancy has an illness that requires significant medical attention Kevin and Nancy decide to legally separate eligible for health insur...

EXAMFX LIFE AND HEALTH EXAM WITH COMPLETE ANSWERS { GRADED A+} Subrogation - the transfer of an insured's right to seek damages from a negligent party to the insurer is found in which of the following clauses? control health insurance claims expenses - the purpose of managed care health insurance is to the insurance through his company is primary - a man works for company A and his wife works for company B. The spouses are covered by health plans through their respective compani...

What two elements are necessary to a life insurance contract to have a legal purpose? 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? Loss What Type of Risk is Insurable? Pure What is the term for the causes of loss insured against in a insurance policy? Peril What Law Protects Consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act What are the three types of hazards? 1. Physical 2. Moral

What two elements are necessary to a life insurance contract to have a legal purpose? 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? Loss What Type of Risk is Insurable? Pure What is the term for the causes of loss insured against in a insurance policy? Peril What Law Protects Consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act What are the three types of hazards? 1. Physical 2. Moral