Entire contract provision
Grace period provision
Waiver of premium provision
time limit on certain defenses provision
Selling variable life insurance
Comparing an existing policy with one that is being recommended.
Selling indeterminate premium whole life insurance (for example, universal life insurance).
Replacing an existing life insurance policy with one that is recommended by the producer.
obtain a restricted agent's license
obtain a surplus lines license
become a licensed agent with a specialty in fraternal lines insurance comply with
comply with the same general licensing requirements that apply to resident agents
If many insurers are insuring for the same risk, it limits the ability of the insured to seek damages if the claim is ever denied.
If many insurers are insuring for the same risk, the insured will receive duplicate benefits from multiple insureds.
If many insurers are insuring for the same risk, it limits the liability of any one insurer's policy to the proportion of the total benefits it assumes.
If many insurers are insuring for the same risk, the insured may end up receiving no benefits if all insurers cancel the coverage.
Percentage limitation approach
specified benefit approach
a basic medical expense policy
a major medical policy
a comprehensive policy
a hospital indemnity policy
state insurance law
the plan or policy
the insured's age and health
the insurer's marketing of these services
mental health services
rural health clinic services
prescription drug services
Ron tends to forget to wear his seat belt when he drives.
Sue is a heavy cigarette smoker.
John is taking medications to control his high blood pressure.
Jane, a business owner, refuses to fix a broken sidewalk in front of her shop because she and the town cannot agree on who must repair it.
insured or subscriber
customer or client
A group health insurance policy is required to cover treatment for chemical dependency.
A group health insurance policy can provide different benefits for chemical dependency than for other illnesses.
A group health insurance policy cannot set limits on the amount of benefits payable for chemical dependency.
A group policyholder must have the option to purchase coverage for chemical dependency treatment.
good reputation and character
18 years of age
The business owner typically buys a policy to cover the term of a loan.
The policy pays off the loan balance if the business owner becomes disabled during the policy term.
The benefit payment under such policies increases over the policy's term.
Reducing term insurance is fairly inexpensive.
They become married.
Inpatient hospital costs.
long-term care costs.
home health-care costs.
disability buy-out policy
business overhead policy
business overhead policy and key executive disability policy
disability buy-out policy, business overhead policy, and key executive disability policy
an interim receipt
a temporary insurance receipt
a waiting period receipt
a grace period receipt
a basic medical expense policy
a restricted policy
a dread disease policy
a cancer policy
the insurer's promise to renew the contract
the policy's benefits
the premium paid
any claims paid
travel home where she can see a network provider
see a nonnetwork provider
get approval from Medicare before seeing a nonnetwork provider
A moral hazard
a morale hazard
a physical hazard
Anita purchases health insurance to protect herself in the event of a serious illness.
Abigail refuses to buy a home and continues to rent because she thinks homeowners insurance is too expensive.
Anne refuses to venture out after dark, citing the fear of being assaulted.
Arlene decides not to purchase life insurance because she has no dependents and plenty of cash in her savings accounts to cover any final expenses.