When buying a disability insurance policy, you should consider purchasing all the following riders, except:
I. guaranteed renewable rider. II. inflation protection rider. III. workers’ compensation rider.
When buying a disability insurance policy, one should consider purchasing all riders except
(C) Workers compensation rider- because although worker compensation rider can provide help during a disability , the quality and Scope may leave the disabled employee short of protection they require.
When buying a disability insurance policy, you should consider purchasing all the following riders, except: I....
From an insurer's viewpoint, all the following are purposes of deductibles, except: To eliminate small claims To put a cap on the maximum amount the insurer will have to pay out To reduce moral and morale hazard problems. To increase the number of potential policyholders All of the above are purposes of deductibles from an insurer's viewpoint. All the following are used by insurers to limit the amount of recovery (amount payable to policyholders) except: Other insurance clauses b. Deductibles...
QUESTION 5 When evaluating research sources, you should consider all of the following EXCEPT A. Author B. Publication date C. Title D. Bias
Scenario: Disability Insurance Claims Handling at InsureIT We consider the following business process for handling insurance claims for disability insurance[1] at an insurance company InsureIT. The process starts when a customer lodges a disability claim. To do so, the customer fills in a form including a 2-page questionnaire describing the disability. The customer can submit the form physically at one of the branches of InsureIT, by postal mail, fax or simply via e-mail (digitally-signed document). When a claim is received,...
Consider the following statements when answering this question: 1. Without fire insurance, the expected value of homeownership for a risk-averse homeowner is SW. Insurance companies are willing to sell this homeowner a policy that guarantees the homeowner a wealth of SW II. In a neighborhood where the price of houses are identical, the probability of a fire is identical, and the value of damage done by fires is identical, the risk premium for an insurance policy that repays all the...
18. All of the following would be covered under an employment practices liability insurance policy EXCEPT A. injury on the job B. sexual harassment C. age discrimination D. wrongful discharge 19. The garage coverage form is designed specifically for all of the following EXCEPT A. auto dealers B. school bus lots C. truck dealers D. repair shop on the dealer’s lot 20. Which one of the following terms can be defined as a policy provision that omits certain risks from...
All of the following statements are true about marginal cost except I. marginal cost increases as production expands. II. when marginal cost is below average cost, average cost is falling. III. when marginal cost is above average cost, average cost is constant. IV. when marginal cost meets the average total cost, the average total cost is at its minimum point. II and III I only II only III only III and IV IV only Which of the following is an...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Insurance coverage relies on 1. the law of large numbers, meaning Events that are statistically difficult to predict for a specific individual are more predictable for a large number of individuals b. Events that are statistically difficult to predict for a large number of individuals a. predictable are more individual. for an Insurers can statistically predict whether an individual will suffer a loss more accurately than they statistically predict whether a large number of individuals will suffer losses. d. C....
Among the most important problems of implementing fiscal policy include all except which of the following? Correctly timing the desired fiscal stimulus, given the inevitable lags and forecasting errors Determining how large a stimulus to apply Assessing when policy actions should be reversed Determining how long a time lag to apply If the central bank does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn, will cause planned investment to decrease. What...
11. For Medicare to cover the cost of care in the home, certain conditions must be met. These conditions include all of the following EXCEPT: (Search Chapter 3) a. The care must be certified as medically necessary. b. The care must be provided by a Medicare-certified home health agency. c. The patient must be homebound. d. The level of needed care must be custodial. 12. Which Medigap policy plan provides coverage for long-term custodial care? (Search Chapter 3) a. Plan...