insured becomes disabled on March 1 and submits a claim stalent to the infonce company on Marc the insured decides to sook logal advice The cartiest date the altomey may take legal action against the inca OA April 30 OB May 16 ec May 31 D. June 15
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- Calculator The Coinsurance cause in an individual Medical Expense policy refers to the OA insured's rights to have another person, such as a spose or dinned on the same poky OB. company cay esse corage op insurance company's right to join with and insurance company's right to share OC in ce with another c Insurance company's right to the hosto de detale percentage of the cost of com OD.S 2 the uncertain nature of health status gives rise to the demand for insurance coverage among persons who afe risk averse true falseRecording For which of the following losses would an insurance company MOST likely pay benefits under an Accidental Death and Dememberment polky? COA Loss of life due to a heart attack OB. OC SOD. Loss of eyesight due to an accidental inbry Loss of the spleen due to an accidental inby Partial paralyds due to a stroke
- Provide the criteria on how a medical policy must satisfy before a taxpayercan claim a deduction for Premium for insurance for medical benefits undersubsection 49(1B) Income Tax Act 1967. Please give explaination breifly with exampleThe Time of Payment of Claims provision requires that an insurance company pay Disability Income benelit, no less frequently than A annually OB semiannually quarterly OD monthly C.HOLDE O R, a self-employed stockbroker, becomes totally disabled on January 1 and receives $1,500 a month for the next twelve months from her owns trevased De which she had paid the premium. How much of this income is subject to federal income tox? OA $18,000 $12,800 $9,000 $0 B. O C. O D.
- Faxwxting An insured purchases a $100,000 Accidental Death and Dismemberment policy that will pay triple indemnity for death caused when riding in a common camine. If the insured a commercial airplane crash, the policy will pay a MAXIMUM of OA O D. $100,000 $200,000 $300,000 $400,000 MarbourFlag for Re An individual health insurance policy contains a Change of Occupation provision. If the inaired experiences a loor in a more acres option than when the polky was issued, the insurance company may: OA adjust benefits to the amount the premium provides for the new conigation OB. increase the waiting period to adjust for the occupational difference deny any claim on the back of thisrepresentation increase the deductible to adjust for the coupational difference OC OD.2. A business without proper business plan will be one geared towards Jailure. 3. Outline the FIVE steps in process for the registration of an Early Childhood Institution with the Early Childhood Commission.
- Elay for Revi Recording The Misstatement of Age provision in an Accident and Health policy allows an insurance company to take which of the following actions if an feared has understated the insured's age on the policy application? OA SOB. SO C. O D. Increase the premium Adjust the benefits Lapse the coverage Cancel the policy WebcasAn insured is omployed by a manufacturing company that provides group nowth coverage for les employees and now dependents. It the insured insured's spouse and children to continue their group health coverage for a maxaman of how many months according to COBRA? A C OD 36 18 12 61. Which liability policy is BEST suited to protect someone who manages private pensions and employee plans? a. Eros and omissions b. Malpractice c. Fiduciary liability d. Directors and officers 2. Under personal automobile expenses, the insurer pays personal expenses for a. Medical or funeral services b.Rental car reimbursement c. Pain and suffering d. Long- term disability care 3. Which of the following is NOT part of the common policy conditions under a businessowners policy (BOP)? a. Vandalism b. Cancellation c. Policy Period d. Premium payment 4. Which of the following is an example of an unfair claim settlement practice? a. Delaying the settlement of claims submitted in which liability has become clear. b. Replacing a police when it is in the best interest of the insured c. Adopting and implementing standards to settle claims in a timely manner d. Disclosing the settlement terms and provisions of the contract of insurance 5. The purpose of the New York State Disability…