Under the Consideration clause in a Major Medical policy, he insurance company's consideration to an insured is he promise to A.renew the policy annually on payment of premium B.pay benefils as staled in the policy C.return the premiums paid for up to 6 months after the effective dale if lhe insured is dissalisfied with the policy D.waive the Inconteslable clause

economic graphs for vouch insurance startup?

The difference between retrospective versus prospective reimbursement is that:   a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.   b. Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.   c. Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients.    d. None of the choices are correct

Insurance companies are regulated under federal insurance laws. True False

H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim?    A: Deny the claim and refund premiums    B: Deny the claim, cancel the policy and keep all premiums    C: Pay the claim in full and keep the policy as is    D: Adjust the claim benefit amount to the insured's correct age

What is the major distinction between an employee and an independent contractor? An independent contractor is required to be licensed, bonded and to carry insurance. Independent contractors are hired using contracts, while employees must be in at-will relationships with employers. The employer has the right to control an employee's behavior and how s/he does the job, but an independent contractor has exclusive (or near exclusive) control over the way the job is done. An independent contractor never owes fiduciary duties to a contracting partner.

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Insurance needs change throughout a person’s lifecycle because people’s needs change.  True or False

How can you use Microsoft Excel and your agility and problem solving skills to understand the level of risk involved in selecting the appropriate insurance to achieve your goals. How will problem solving, productivity, technology, and agility help you achieve your personal and professional goals?