Of the following, which are considered to be basic parts (standard sections) of an insurance policy:...

Of the following, which are considered to be basic parts (standard sections) of an insurance policy:

a. definitions

b. conditions

c. limitations

d. exclusions

e. summary

		a & b
		a, b, d
		a, d, e
		a, b, c & d

Expert Solution

a,b,d

An Insurance Policy contract contains the definitions, conditions and exclusions in order to clarify the principal terms pertaining to such a contract or specifying the provisions, rules and duties corresponding to the Policy contract and excluding certain coverage from the Policy plan as well. Hence, options a, b and d are correct. Limitations and summary are not part of the contract’s basic parts hence eliminated.

keosha answered 2 years ago

What are the sections of a healthcare insurance policy?

1-What are the different parts of a standard liability insurance policy? 2-What is the purpose of...

1-What are the different parts of a standard liability insurance policy? 2-What is the purpose of the Rehabilitation Act of 1973?

Life insurance is considered a valued policy becauseA.Life insurance covers longevity risk.B.The...

Life insurance is considered a valued policy becauseA.Life insurance covers longevity risk.B.The insurance payout is a pre-determined face amount and has nothing to do with the actual amount of loss of human life.C.Life insurance allows for ownership transfer.D.There is no money back if policyholders surrender their policies.Which of the following is true about the various requirements of a qualified retirement benefit plan?A.Advance funding is required for qualified defined-benefit plans.B.There is no tax consequence if an employee keeps working past the...

Which of the following policy changes would be considered a conventional monetary policy change? -Announcing a...

Which of the following policy changes would be considered a conventional monetary policy change? -Announcing a firm policy to conduct large scale open market purchases in the future. -An open market sale of securities to increase the fed funds rate. -Federal Reserve lending through the Term Auction Facility -Purchases of long-term securities to lower long-term interest rates. Which of the following policy changes would be considered an unconventional monetary policy change? -An open market purchase of securities to decrease the...

Which of the following would not be considered pure contractionary fiscal policy? A. A cut in...

Which of the following would not be considered pure contractionary fiscal policy? A. A cut in taxes matched by an equal cut in spending. B. A cut in spending used to finance a cut in the money supply. C. A cut in spending in order to buy back some outstanding government bonds. D. A tax increase used to buy back some outstanding government bonds.

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance sheet? a. Net Policy Reserves b. Policy Claims c. Customer Deposits d. Separate account Business e. Securities Owned

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance sheet? Net Policy Reserves Policy Claims Customer Deposits Separate account Business Securities Owned

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance sheet? Net Policy Reserves Policy Claims Customer Deposits Separate account Business Securities Owned

Which of the following insurance premiums would not be considered a qualified medical expense? a. Premiums...

Which of the following insurance premiums would not be considered a qualified medical expense? a. Premiums for health care continuation coverage (such as coverage under COBRA) b. Premiums for Medicare supplemental policy, such as Medigap c. All premiums for long-term care insurance including amounts over the aged-based limits d. Premiums for Medicare and other health care coverfage if the taxpayer was 65 or older

A. Which of the following losses in not covered by a standard homeowners policy? A. Personal...

A. Which of the following losses in not covered by a standard homeowners policy? A. Personal vehicle. B. Personal liability. C. Theft. B. The standard form of the homeowners policy excludes which of the following? A. Theft. B. Fire and other perils. C. Animals, birds, and fish.

Question

Of the following, which are considered to be basic parts (standard sections) of an insurance policy:...

Solutions

Expert Solution

Related Solutions

What are the sections of a healthcare insurance policy?

1-What are the different parts of a standard liability insurance policy? 2-What is the purpose of...

Life insurance is considered a valued policy becauseA.Life insurance covers longevity risk.B.The...

Which of the following policy changes would be considered a conventional monetary policy change? -Announcing a...

Which of the following would not be considered pure contractionary fiscal policy? A. A cut in...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following is not considered Liabilities and Equity on a typical insurance company balance...

Which of the following insurance premiums would not be considered a qualified medical expense? a. Premiums...

A. Which of the following losses in not covered by a standard homeowners policy? A. Personal...