An insured is injured while robbing a bank If the insured's Acadente Temat policy cousiwi on mogal occupanon provision, the policy will pay the fult benefits one half of the policy bonobts a premium refund only nothing A OR D
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- Calculator The Coinsurance cause in an individual Medical Expense policy refers to the OA insured's rights to have another person, such as a spose or dinned on the same poky OB. company cay esse corage op insurance company's right to join with and insurance company's right to share OC in ce with another c Insurance company's right to the hosto de detale percentage of the cost of com OD.S 2 the uncertain nature of health status gives rise to the demand for insurance coverage among persons who afe risk averse true falseFaxwxting An insured purchases a $100,000 Accidental Death and Dismemberment policy that will pay triple indemnity for death caused when riding in a common camine. If the insured a commercial airplane crash, the policy will pay a MAXIMUM of OA O D. $100,000 $200,000 $300,000 $400,000 Marbour
- coinsurance provision may be included in which of the following types of poses Accidental Death and Dismemberment Major Medical Hospital Indemnity Disability Incomo ●B ODProvide the criteria on how a medical policy must satisfy before a taxpayercan claim a deduction for Premium for insurance for medical benefits undersubsection 49(1B) Income Tax Act 1967. Please give explaination breifly with exampleRecording For which of the following losses would an insurance company MOST likely pay benefits under an Accidental Death and Dememberment polky? COA Loss of life due to a heart attack OB. OC SOD. Loss of eyesight due to an accidental inbry Loss of the spleen due to an accidental inby Partial paralyds due to a stroke
- An insured becomes disabled on March 1 and submits a claim stallment to the instifonce company on March 31, whin il disabled The company fads to sen the insured decides to sook legal advice The oarliest date the attorney may take legal action agained the insurance company is OA April 30 OB May 16 ec May 31 OD June 15HOLDE O R, a self-employed stockbroker, becomes totally disabled on January 1 and receives $1,500 a month for the next twelve months from her owns trevased De which she had paid the premium. How much of this income is subject to federal income tox? OA $18,000 $12,800 $9,000 $0 B. O C. O D.An insured is omployed by a manufacturing company that provides group nowth coverage for les employees and now dependents. It the insured insured's spouse and children to continue their group health coverage for a maxaman of how many months according to COBRA? A C OD 36 18 12 6
- If an insured voluntarily gives up the life insurance contract, the policy is A) Foreclosed B) Lapsed C) on extended warranty D) reinstatedUnder federal law, a tax exempt Health Savings Account can only be opened for an individual who is Ο Α. covered by a qualified High Deductible Health Plan covered by Long Term Care Insurance entitled to Medicare benefits eligible to be claimed as a dependent on another person's tax return B. OC. O D.Flag for Re An individual health insurance policy contains a Change of Occupation provision. If the inaired experiences a loor in a more acres option than when the polky was issued, the insurance company may: OA adjust benefits to the amount the premium provides for the new conigation OB. increase the waiting period to adjust for the occupational difference deny any claim on the back of thisrepresentation increase the deductible to adjust for the coupational difference OC OD.