The standard of care for professionals is:   A. lower than that of general liability exposures   B. not a relevant issue in determining liability insurance   C. higher than that of general liability exposures   D. the same as general liability exposures

Which of he following stalements BEST describes the primary difference between a Health Maintenance Organizalion (HMO) and a Preferred Provider Organization (PPO)? A.Under a PPO lhe insured may use any medical provider whereas providers are restricted with HMOs. B.Under an tvo the deductibles are higher than are those of PPOs. C.POs do not provide preventive care benefits whereas HMOs do D.HMOs utilize larger cost sharing than do PPOs

Please don't give image format

Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges

Insurance contracts are aleatory contracts, which is a "take it or leave it" contract. The insured has no opportunity to negotiate the terms of the contract. True False

Which of the following can help to mitigate the cost of professional negligence? a. Obtaining indemnity from the client b. Having a professional liability insurance c. Obtaining indemnity from the attorney d. All of the above

The Director of Insurance has the power to. make reasonable insurance rules and regulations determine standard insurance rales Veto insurance laws issue insurance policies

A primary beneficiary would be named for which of the followingtypes of Accident and Heallh policies?A.Travel AccidentB.Major MedicalC.Nursing HomeD.Business Overhead Expense

By increasing demand, health insurance creates a. A deadweight loss related to overconsumption. b. A deadweight loss related to underconsumption. c. Neither of the above.

If a prospect does NOT submit the initial premium with an application, the producer should   A.refuse tratinghe application   B.submit the application to the insurance company and advance the premium for he prospect from the agency account   C.submit the applicalion to the insurance company without the premium   D.give lhe applicant a conditional receipt and send the application to the insurance company wilhout the premium