Michigan Insurance Study guides, Class notes & Summaries

All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage ️ c. Primarily describes the free-look period The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer ️ b. Employer Matt is applying for life insurance and requ...

The death benefit can be increased by providing evidence of insurability. Correct Answer The policyowner of an adjustable life policy wants to increase the death benefit. Which of the following statements is correct regarding this change? The insurer may terminate the contract only at renewal for certain conditions. Correct Answer Which of the following is NOT a feature of a noncancelable policy? The beneficiary will only receive payments of the interest earned on the death benefit. Correc...

c. Primarily describes the free-look period Correct Answer All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer Correct Answer The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer c. dies instantly f...

Michigan Insurance Test with correct solutions. c. Primarily describes the free-look period - correct answers.All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - correct answers.The policyholder for a group health benefit plan is considered to be the a. E...

Termination of Insurance for auto and home must be sent to last know address no later than 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date 10 days 00:00 01:49 PIP in auto insurance covers individual care from a family member for a limit of $20 a day for three years limited collision shall pay for collision damage to the insured vehicle without a deductible amount when the operator of the vehicle is no...

c. Primarily describes the free-look period - ANS All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - ANS The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer c. dies instantly from a car accident...