Travel insurance Flashcards
When selling travel health insurance to an applicant, why is it important for brokers to be aware of policy coverage differences?
Select one:
a.
It is not important because there is one standard travel health insurance policy in Ontario.
b.
It is not important because coverages are stated in the statutory conditions regardless of what is printed in the policy.
c.
So they can clearly explain the coverages and exclusions that meet the needs of the applicant.
d.
So they can price the policy based on the coverage provided.
Reference: ON Travel Health Supplement - Study 1 - LO1
The correct answer is: So they can clearly explain the coverages and exclusions that meet the needs of the applicant.
What is the minimum number of days an Ontario resident must be physically in Ontario in a 12-month period to ensure OHIP coverage?
Select one:
a.
213 days
b.
212 days
c.
183 days
d.
153 days
Reference: ON Travel Health Supplement - Study 1 - LO3
The correct answer is: 153 days
You have obtained a travel health policy for a client who is leaving on a trip in five days. By chance you find out that she has just had an increase in her medication which had been declared in the application. What should you do?
Select one:
a.
Ask for the policy to be returned for cancellation.
b.
Tell the insured to say nothing if there is a claim.
c.
Advise the insured to declare the change to the insurer as it may impact coverage.
d.
There is nothing specific to do.
Reference: ON Travel Health Supplement - Study 2 - LO1
The correct answer is: Advise the insured to declare the change to the insurer as it may impact coverage.
Three (3) of the following are common policy exclusions found in travel health insurance policies. Which is the EXCEPTION?
Select one:
a.
Senior citizens are only eligible for travel health insurance if they travel with an immediate family member.
b.
Travel health policies do not cover eye glasses or contact lenses.
c.
Travel health policies do not cover medical treatment where the policy is sought specifically to obtain such treatment.
d.
Benefits are not payable for elective surgery.
Reference: ON Travel Health Supplement - Study 2 - LO3
The correct answer is: Senior citizens are only eligible for travel health insurance if they travel with an immediate family member.
While discussing travel health insurance needs with a client, he mentions that he will be skiing for the first time during this trip. Which coverage limitation should be discussed with him?
Select one:
a.
Participating in professional sports is excluded and he will not be covered.
b.
Skiing activities void the policy so there is no benefit to purchasing travel health insurance.
c.
There are no coverage limitations to discuss because all plans cover all types of sports injuries.
d.
Skiing may be considered a high-risk sports activity and excluded by some insurers. But it may be possible to obtain this coverage for additional premium.
Reference: ON Travel Health Supplement - Study 2 - LO3
The correct answer is: Skiing may be considered a high-risk sports activity and excluded by some insurers. But it may be possible to obtain this coverage for additional premium.
For an applicant with pre-existing medical conditions, what does the completed medical questionnaire assist insurers in determining?
Select one:
a.
The coverage limit for elective treatment the client is travelling to receive.
b.
The stability period for the pre-existing condition and the required premium.
c.
The waiting period for sickness and injury.
d.
The trip length limitation.
Reference: ON Travel Health Supplement - Study 3 - LO1
The correct answer is: The stability period for the pre-existing condition and the required premium.
A client who has just been discharged from the hospital decides to take a trip overseas and calls to arrange travel health insurance. What must you bring to his attention?
Select one:
a.
There is no coverage for any sickness he may have during the trip.
b.
Coverage for himself and his wife is for accidents only while travelling.
c.
There may be no coverage or limitations of coverage for the condition of sickness for which he was hospitalized.
d.
Nothing.
Reference: ON Travel Health Supplement - Study 3 - LO1
The correct answer is: There may be no coverage or limitations of coverage for the condition of sickness for which he was hospitalized.
Where can an applicant be directed to seek travel health insurance coverage when their application is rejected due to the results of a detailed medical assessment?
Select one:
a.
Financial Services Regulatory Authority (FSRA)
b.
OmbudService for Life & health Insurance (OLHI)
c.
General Insurance Ombudservice
d.
Financial Services Commission of Ontario (FSCO)
Reference: ON Travel Health Supplement - Study 3 - LO2
The correct answer is: OmbudService for Life & health Insurance (OLHI)
Why do travel health insurers require insureds to contact the third party administrator when experiencing a medical emergency?
Select one:
a.
To reject as many claims as possible
b.
To pass the claim details to OHIP
c.
To stabilize the situation and help restore the insured’s health
d.
To explain the limitations to the insured
Reference: ON Travel Health Supplement - Study 3 - LO3
The correct answer is: To stabilize the situation and help restore the insured’s health
When discussing travel health insurance with anyone, you would be wise to point out:
Select one:
a.
benefits are payable for elective surgery.
b.
senior citizens are only eligible for travel health insurance if accompanied by an immediate family member.
c.
travel health policies do not provide accidental death benefits.
d.
travel health policies may limit coverage and benefits for sickness or injury which does not relate directly to an emergency.
Reference: ON Travel Health Supplement - Study 2 - LO3
The correct answer is: travel health policies may limit coverage and benefits for sickness or injury which does not relate directly to an emergency.
