Chapter 12 Flashcards
1
Q
Mandatory uniform provision
A
By law, must be included in every individual accident and health insurance policy
2
Q
Entire contract clause
A
Includes policy and provisions, a copy of the application, and any riders, waivers, or endorsements
3
Q
Time of certain defenses
A
No statement or misstatement made in the application shall be used to deny a claim after policy been in force for 2 years
Fraudulent statement can be used to deny coverage without limitation
4
Q
Grace period
A
7 days for weekly premium
10 days monthly premiums
31 days for all other premiums
