Health Exam

Provision 7, if it was not reasonably possible for the insured to provide proof of loss as required in a policy, the latest time the proof of loss may be furnished is
A. three years from the time proof is otherwise required
B.    within 90 days of a final notice from the insurer
C.   one year from the time proof is otherwise required
D. unlimited

A health insurance policy that the insurer may choose not to renew only on the premium due date is called
A.   guaranteed renewable policy
B.   optionally renewable policy
C. cancellable policy
D.   conditionally renewable policy

A certain health insurance policy states that the insurer will not refuse to renew the policy and furthermore, the insurer may not cancel the policy.  However, the insurer may change the premium by classes of insureds.  This policy is
A.   an optionally renewable policy
B.   a noncancellable policy
C.   a conditionally renewable policy
D.   guaranteed renewable policy

All of the following are alternatives an insurer has when asked to insure a substandard risk EXCEPT
A.   reject the risk
B.   charge a higher than standard premium
C.   issue the policy with a probationary period after which the insurer may continue or cancel  the policy
D.   attach a rider to the policy excluding certain coverages or conditions

Required Provision 4 addresses reinstatement of a lapsed policy.  According to this provision, when an insured applies for reinstatement and receives a conditional receipt, how long does the insurer have to approve or deny reinstatement before the policy will be automatically reinstated
A.   30 days from the date the insurer receives the application for reinstatement
B.   45 days from the date of the conditional receipt
C.   180 days from the date the unpaid premium was due
D.   there is no such automatic reinstatement

What is a cancellable policy?
A.   a policy that only the insured may cancel
B.   a policy that the insurer may cancel at any time by returning the unearned premium
C.   a policy that the insurer may not cancel unless the insured has failed to pay the premiums
D.   a policy the insurer may choose not to renew only on the premium due date

According to Required Provision 2, unless an insured has made fraudulent misstatements, a policy is incontestable after
A.   the insurer has signified its intent to pay a claim
B.   the insurer has accepted the initial premium
C.   one year
D.   two years