Coinsurance Study guides, Class notes & Summaries

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. - ANS For a loss that would otherwise be covered f...

LA Claims Adjuster - Beginners Guide - Part 2 (- Hazards & Fraud - Causes & Losses - Interests, Claims & Subrogation - Valuation, Deductibles & Coinsurance) Qs & As!!

NC ADJUSTER LICENSE PRACTICE EXAM 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANSWER The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANSWER Replacement cost minus d...

Mississippi Life and Health Final Exam Actual Questions and Answers 2023 Complete What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union employee A producer must report to the Commissioner of Insurance any administrative action or criminal cha...

Mrs. Chen will be 65 soon, has been a citizen for twelve years, has been employed full time, and paid taxes during that entire period. She is concerned that she will not qualify for coverage under part A because she was not born in the United States. What should you tell her?correct answersMost individuals who are citizens and age 65 or over are covered under Part A by virtue of having paid Medicare taxes while working, though some may be covered as a result of paying monthly premiums. Mrs. Gon...

2024 AHIP Medicare Training ( Brand New !!!) Actual Questions and Answers 100% Correct 1. Mr.Wu is eligible for Medicare. He has limited financial resources but failedto qualify for the Part D low-income subsidy.Where might he turn for help withhis prescription drug costs? Answer: -Mr. Wu may still qualify for help in paying Part D costs through his State Pharmaceutical Assistance Program. 2. What impact, if any, will recent regulatory changes have upon Medigapplans? Answer: -The Part...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

Medicare - Answer - Federal health insurance program Medicare is administered by whom? - Answer - CMS ( Centers for medicare and medicaid services) Parts A & B of medicare are - Answer - federal health insurance program referred to as original medicare Part A? - Answer - Hospital insurance Part B? - Answer - Medical insurance What doesnt medicare cover? - Answer - routine dental, eye care hearing exam,deductibles, coinsurance and copayments Part C? - Answer - Medicare Advantage...

Insurance Customer Service Rep 440 Exam Review questions and answers graded A+. Examples of Peril - correct answers.Fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief or vandalism, or the sinking, burning, collision or derailment of a conveying transport. How long does one have to notify the Department of Financial Services for a Name and/or Address Change? - correct answers.30 days Coinsurance Clause - correct answers.Replacement cost appl...