Pet Insurance Flashcards
Pet insurance statutes require insurers to disclose all of the following to the insured or potential insured, EXCEPT:
Answer Choices: Select the Correct Answer
Whether or not the policy excludes coverage for preexisting conditions.
Whether or not the policy excludes coverage after the covered pet attains a specified age.
Whether or not the policy includes a provision that limits coverage in any way.
Whether or not the insurer reduces coverage or increases premiums based on the insured’s claim history.
The correct answer is: Whether or not the policy excludes coverage after the covered pet attains a specified age.
EXPLANATION:
“Whether or not the policy excludes coverage after the covered pet attains a specified age” is NOT one of the required policy disclosures for Pet insurance policies in California.
As defined in a Pet insurance policy, “a condition that can be treated or managed but not cured” is a(n):
Answer Choices: Select the Correct Answer
Congenital disorder.
Preexisting condition.
Chronic condition.
Acute illness.
Chronic condition. is correct.
EXPLANATION:
As defined in a Pet insurance policy, “a condition that can be treated or managed but not cured” is a chronic condition.
Pet insurance:
Answer Choices: Select the Correct Answer
Must be purchased as an individual policy for each of a families owned pets.
Can be purchased either as an individual or group policy for family-owned pets.
Can be purchased by farmers and ranchers to cover their livestock.
Must be purchased as a group policy to cover several pets owned by different families.
Can be purchased either as an individual or group policy for family-owned pets. is correct.
EXPLANATION:
Pet insurance can be purchased either as an individual or group policy for family-owned pets.
The California Commissioner has reason to believe that a person has violated the provisions of a Pet insurance policy. Which of the following is the FIRST step the Commissioner will take?
Answer Choices: Select the Correct Answer
He/she will order the person to pay a civil penalty not to exceed $10,000.
He/she will order the person to pay a civil penalty not to exceed $5,000.
He/she will issue a cease and desist order.
He/she will issue a notice of hearing.
The correct answer is: He/she will issue a notice of hearing.
EXPLANATION:
The first step the Commissioner will take is to issue a notice of hearing.
The “free-look” period of a Pet insurance policy cannot be:
Answer Choices: Select the Correct Answer
More than 30 days.
More than 60 days.
Less than 30 days.
Less than 60 days.
Less than 30 days. is correct.
EXPLANATION:
The “free-look” period of a Pet insurance policy cannot be less than 30 days.
