Which of Ike following statements is CORRECT about he Missialement of Age provision in a health policy?   A.Il is not an oplional provision.   B.It allows an insurance company to adjust the levels of policy benefits for an insured who misslated his age.   C.It limits the time wilhin which an insurance company may conlest a claim on the basis of misstatement of age.   D.It always voids the contract

The drawee dies not have liability on the instrument until it the instrument. a) certifies. b) delegates. c)negotiates. d) assigns

Which is Idemenity Plan and which is Managed Care Plan? Insureds create contract with an insurer who does not provide health care services       The higher the deductible, the lower the premium       Insured receive health care services from a designated group of providers       May not even involve an insurance company       No annual deduction is incurred, but a small co-payment may be required I most value the freedom of choice and am willing to pay for it.       Cost is my most important consideration.       I’d rather have the flexibility of either having the insurance company reimburse me or directly paying the health care provider.

Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril included in an insurance policy

Suppose Mylan could write an insurance contract whereby it is insured against all penalties resulting from misclassification. Would this affect their need to disclose? Group of answer choices No, because if they are fully covered, investors would find the loss contingency misleading since there is no receivable for the insurance Yes, because they would offset the loss contingency with a receivable which would net to zero No, because purchasing insurance does not relieve the purchaser of its obligation to make payments related to losses that result from risk. Yes, because it is impossible to insure loss contingencies

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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

Indicate whether the statement is true or false, and justify your answer.The main advantage of a Cochrane insurance contract over a guaranteed renewable contract is that it does not rely on a legally unenforceable binding lifetime commitment.

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

What is the maximum penalty for a licensee who has intentionally violated the insurance code of Delaware