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Under a 'guaranteed renewable' health policy, the insurer:
a.May refuse to renew if the insured's health worsens
b.May raise an individual's premium based on that person's own claims experience alone
c.May cancel the policy at each renewal date
d.Must renew the policy but may adjust premiums only for an entire class of insureds
Giải thích
A guaranteed renewable policy requires the insurer to renew the coverage (usually to a stated age) and forbids singling out an individual for a rate increase or nonrenewal; premiums can be changed only for an entire class of similar policyholders. The insurer cannot cancel at renewal, cannot raise one person's premium for their own claims, and cannot refuse renewal because health declined. This provision sits between the stronger noncancelable and weaker conditionally renewable forms.
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Câu hỏi liên quan cùng chủ đề
- In an HMO, the primary care physician often serves as a 'gatekeeper,' which means the physician:
- A Point-of-Service (POS) health plan is best described as:
- Many disability income policies include a waiver of premium feature that:
- A 'conditionally renewable' policy allows the insurer to decline renewal:
- An 'optionally renewable' health policy gives the insurer the right to:
- On-the-job injuries and illnesses of most employees are typically covered by:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)