Question
77) The statement accompanying an insurance claim payment contains the following information: A) A list of all claimants involved B) Te reinsurance carrier involved C)
77) The statement accompanying an insurance claim payment contains the following information:
A) A list of all claimants involved
B) Te reinsurance carrier involved
C) The producers name and address
D) The coverage under which the payment is being made
64)Insurers may decline from underwriting a large group that frequently changes health insurers because:
A) Acquisition costs are low in the first year
B) Administrative costs are reduced
C) The groups claims experience is always unavailablw
D) It often takes a few years to show a profit on a particular group
57) In an individual accident and sickness insurance, the insureds application:
A) Becomes part if producers permanent life once policy approved
B) Is kept as part of insurers permanent files only if applicant is rejected
C) Has no bearing on insurance contract once policy has been issued
D) Becomes a part of the insurance contract when attached to the policy
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