CH5

Question 1

What does the notice to the applicant informs the applicant?

Answer 1

A credit report will be ordered concerning their past history and any other health insurance

Question 2

Which are the two ways of correcting an app?

Answer 2

1. Start all over, use new app
2. Draw a strikethrough and put correct answer. The applicant must initial the correct answer.

Question 3

When does the free-look period begins?

Answer 3

When the policy is delivered by agent

Question 3

What happens if the premium is not sent with the App?

Answer 3

Upon delivery of the policy, the agent must collect the premium and obtain a statement of continued good health from the applicant

Question 4

What does the agent need to make sure when he is replacing an insurance policy?

Answer 4

The agent must make sure that the current policy is not cancelled before the new policy is issued. No Gap between policies.

Question 4

What does HIPAA (Health Insurance Portability and Accountability Act do?

Answer 4

Protect all type of personal medical information