MLAHP Minnesota Life Accident and Health Producer Exam - Set 4 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: Once an insured has notified the insurer of a covered loss and received claim forms, the mandatory proof of loss provision requires written proof documenting the loss within a stated period. Which period does the provision generally allow the insured?

Twenty days from the date of loss

One year from the date of loss

Ninety days from the date of loss

Sixty days from the date of loss

Question 42: Health policies must be renewed from time to time, and the renewal language in a contract governs what each party may do at that point. Which statement about the policyowner's position is always true, whatever renewal language the contract uses?

The policyowner may cancel or stop paying

The policyowner may raise his own premium

The policyowner must renew every third year

The policyowner may add benefits at renewal

Question 43: An individual health policy is written on a monthly premium basis and the policyowner misses a due date. The mandatory grace period provision gives him a set number of extra days during which coverage stays in force. How many days is that?

Seven days

Ten days

Twenty days

Thirty-one days

Question 44: An insured bought a disability income policy while earning a high salary, then took lower paying work before becoming disabled. His total monthly benefit now exceeds his current earnings. Which optional provision lets the insurer reduce the benefit and refund part of the premium?

Insurance with other insurers

Other insurance with this insurer

Time limit on certain defenses

Relation of earnings to insurance

Question 45: A mandatory uniform provision in every individual health policy identifies exactly which documents make up the agreement between the insurer and the policyowner, and it also limits who may change them. Which combination of items forms that complete agreement?

The policy and the first premium receipt

The policy, attached application, and riders

The policy and the producer's oral promises

The policy and the insurer's rate manual

Question 46: An insured's major medical plan requires him to pay the first amount of covered medical expenses he incurs between January and December, after which the plan begins paying for the rest of that year. Which type of deductible is this?

A per cause deductible

A corridor deductible

An elimination period deductible

A calendar year deductible

Question 47: A health policy names a revocable beneficiary for its death benefit. The policyowner later decides to name someone else instead. Under the mandatory change of beneficiary provision, which statement correctly describes the policyowner's right to make that change?

The insurer must approve the substitution

The policyowner may change it freely

The current beneficiary must consent first

Changes require a new application

Question 48: A newly issued individual health policy reaches the policyowner, who reads it, dislikes several terms and returns it a few days later. Which provision entitles her to receive back everything she paid, with the contract treated as void?

The grace period

The reinstatement provision

The right to examine, or free look

The consideration clause

Question 49: An optional uniform provision relieves the insurer of liability for a loss the insured suffers while committing or attempting a felony, or while engaged in work that violates the law. Which of the following optional provisions carries that limitation?

Narcotics

Change of occupation

Unpaid premium

Illegal occupation

Question 50: A health policy states that benefits do not start until the insured has satisfied a stated number of days of continuing loss, and nothing is paid retroactively for those days. Which term describes that waiting requirement, sometimes called a time deductible?

The flat deductible

The elimination period

The coinsurance percentage

The stop-loss limit

Struggling With Exams?

Less Time Studying, More Time Living – Finish Your Degree Faster! Pay-After-you-Pass!

Get Exam Support