Pp Flashcards
Allow the insurer to adjust the policy benefit if the insured age or sex is misstated on the policy application
Misstatement of age or sex provision
States that the total number of coverage to be under written by a company for one person is restricted to a certain maximum amount regardless of the number of policy issues
Other insurance in this insurer provision
States that the benefits payable for expenses incurred will be prorated in cases where the company accepted the risks without being notified of other existing coverage for the same risk over insurance
Insurance with other insurance provision
Calls for the poor rating of benefits they are payable on any basis other than expenses incurred
Insurance with other insurers provision
Outlines that is disability income benefits from all disability income policies for the same laws to see the insurance monthly earnings at the time of disability the relation to Ernest provision states that the insurer is liable only for that proportionate amount of benefits as insurance are in Barre to the total benefit under all such covered
Relation of earnings provision
If there is an unpaid premium at the time a plane becomes payable the amount of the premium is to be deducted from the Sun payable to the insured or beneficiary is a provision that permits aren’t a premium to be taken from claim payment
Unpaid premiums provision
Simply states that any provision of this policy that is in conflict with State statutes in the states for the insured lives at the time deposits insured is automatically amended to comply with the minimum statutory requirement
Conformity with state statutes
I called that says the insured is not covered for losses that arise if he or she tries to commit a felony
Illegal occupation
A provision that states the policy is not liable for losses that occur as a result of the policyholder be intoxicated or taking a narcotic without a physician Supervision in a recommendation
Intoxicant and narcotics
Insurance contracts that may be terminated by the company or that is renewable at its option
Cancellable policy
Bouncing whole life policy and some long-term care policy because you must begin to build cash value after a certain number of years in Most states with the three years these loans with answers cannot exceed the guaranteed cash value or deposit no longer enforced
Policy loan or cash value provisions
Allow the insurer to automatically use the policy cash value to pay an overdue premium
Automatic premium loan