Health Insurance Policy part 1/3

Disability insurance policies must include a provision entitling policyholders to a grace period for premium payment. At least how long must the grace period be for monthly premium policies?

• 90 days

• 1 year

• 31 days

• 10 days

Which of the following statements about reinstated health insurance policies is CORRECT?

• Health insurance policies cannot be reinstated.

• They only cover accidents that occur more than 1 month after reinstatement.

• Coverage for accidents and sickness begins immediately.

• They only cover illnesses that began more than 10 days after the policy is reinstated.

According to the Uniform Individual Accident and Sickness Policy Provisions Model Law, how many days' notice before the effective date of cancellation must an insurer provide?

• 30 days

• 10 days

• 5 days

• 90 days

Jasmine is covered under her employer’s health plan. She is called to active military duty. Upon her return, which of the following statements regarding her coverage is CORRECT?

• She will be conditionally covered for up to 2 years.

• She will be fully covered, without the need to provide proof of insurability.

• She must reapply for coverage in the group at the next open enrollment period.

• She will not be covered because she receives veterans benefits.

All of the following are mandatory health insurance policy provisions EXCEPT

• Entire contract

• Grace period

• Reinstatement

• Change of occupation

All of the following provisions are optional in individual health insurance policies EXCEPT

• a change of occupation provision

• an intoxicants and controlled substances provision

• an incontestability provision

• a misstatement of age provision

The required grace period for weekly premium health insurance policies is

• 14 days

• 7 days

• 10 days

• 31 days

An accident and health policy whose premiums are paid on a quarterly basis must contain a grace period of at least

• A) 60 days

• B) 31 days

• C) 45 days

• D) 15 days

All of the following are required provisions of accident and health insurance policies EXCEPT

• A) reinstatement

• B) notice of claim

• C) inflation protection

• D) grace period

The optional other insurance in this insurer provision is specifically designed to

• restrict an insured's coverage to 1 type of accident and health insurance

• avoid using 2 policies on an insured person

• limit the risk with any 1 individual insured by the insurance company

• discount the premium if more than 1 policy is issues to insure the same indivdual