When compleling an insurance applicalion, a producer should A. complete as much of the application as possible before meeting wilh the applicant to save lime B. request that the applicant review he completed application before signing it C. avoid asking the applicant questions on he application which may be embarrassing D. omit informalion from lhe application which may cause the application to be rejected by the insurance company

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

How can errors in a revenue cycle be prevented including patient registration, medical coding, claim follow-up, and due to inadequate staff training and external factors in a healthcare organization

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

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

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

You would have a better chance of insurance coverage for medical services not provided by the network with a preferred provider organization (PPO) than with a health maintenance organization (HMO) plan.   Group of answer choices a. True b. False

A promise to grant a license is most likely indistinct if  [A] The license is not integral to the functionality of a tangible good. [B] The customer can benefit from the license separate from other related services. [C] This performance obligation is satisfied over the time. [D] The customer can benefit from the license on its own and the license is separately identifiable. [S1] The insurer of an insurance contract becomes the policy holder in a reinsurance contract. [S2] Retrocession is where the insurance risk is transferred from one reinsurer to another reinsurer. [A] both are true [B] both are false [C] S1 is true [D] S2 is true Goods on consignment should be included in the inventory of [A] The consignor but not the consignee, [B] Both the consignor and consignee. [C] The consignee but not the consignor. [D] Neither the consignor nor the consignee.   Which of the following is not a criterion required to recognize that a contract with a customer is created? [A] The contracting…