Alabama insurance Study guides, Class notes & Summaries

ALABAMA INSURANCE TEST

Which welfare program provides assistance to the needy? - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - 30 Which type of term policy allows the policyowner to switch to permanent insurance? - Convertible term What does renewable term guarantee? - The insured's insurability ...

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ALABAMA INSURANCE TEST Questions and Answers with Complete Solutions

Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - Answer- revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - Answer- 30 Which type of term policy allows the policyowner to switch to permanent insurance? - Answer- Convertible term What does renewable term guarantee? - Answer- The insured's insurability If an insured commits suicide, a life...

Which welfare program provides assistance to the needy? - ANSWERSMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - ANSWERSrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - ANSWERS30 Which type of term policy allows the policyowner to switch to permanent insurance? - ANSWERSConvertible term What does renewable term guarantee? - AN...

Which welfare program provides assistance to the needy? Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? 30 Which type of term policy allows the policyowner to switch to permanent insurance? Convertible term What does renewable term guarantee? The insured's insu...

Binders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy has not been issued within 90 days, can a Binder be extended or renewed? - Yes. If a policy has not been issued within 90 days, a Binder may be extended or renewed with the approval of the Commissione...

Which welfare program provides assistance to the needy? correct answersMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): correct answersrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? correct answers30 Which type of term policy allows the policyowner to switch to permanent insurance? correct answersConvertible term What does renewa...

ALABAMA INSURANCE TEST QUESTIONS CORRECTLY ANSWERED TO PASS!!