An insured becomes disabled on March 1 and submits a claim stallment to the instifonce company on March 31, whin il disabled The company fads to senthe insured decides to sook legal advice The oarliest date the attorney may take legal action agained the insurance company isOAApril 30OBMay 16ecMay 31ODJune 15

Disability insurance provides financial support when an insured becomes unable to work due to an…

Answered: insured becomes disabled on March 1 and…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Calculator The Coinsurance cause in an individual Medical Expense policy refers to the OA insured's rights to have another person, such as a spose or dinned on the same poky OB. company cay esse corage op insurance company's right to join with and insurance company's right to share OC in ce with another c Insurance company's right to the hosto de detale percentage of the cost of com OD.
S 2 the uncertain nature of health status gives rise to the demand for insurance coverage among persons who afe risk averse true false
Recording For which of the following losses would an insurance company MOST likely pay benefits under an Accidental Death and Dememberment polky? COA Loss of life due to a heart attack OB. OC SOD. Loss of eyesight due to an accidental inbry Loss of the spleen due to an accidental inby Partial paralyds due to a stroke
Provide the criteria on how a medical policy must satisfy before a taxpayercan claim a deduction for Premium for insurance for medical benefits undersubsection 49(1B) Income Tax Act 1967. Please give explaination breifly with example
The Time of Payment of Claims provision requires that an insurance company pay Disability Income benelit, no less frequently than A annually OB semiannually quarterly OD monthly C.
Faxwxting An insured purchases a $100,000 Accidental Death and Dismemberment policy that will pay triple indemnity for death caused when riding in a common camine. If the insured a commercial airplane crash, the policy will pay a MAXIMUM of OA O D. $100,000 $200,000 $300,000 $400,000 Marbour
HOLDE O R, a self-employed stockbroker, becomes totally disabled on January 1 and receives $1,500 a month for the next twelve months from her owns trevased De which she had paid the premium. How much of this income is subject to federal income tox? OA $18,000 $12,800 $9,000 $0 B. O C. O D.
Flag for Re An individual health insurance policy contains a Change of Occupation provision. If the inaired experiences a loor in a more acres option than when the polky was issued, the insurance company may: OA adjust benefits to the amount the premium provides for the new conigation OB. increase the waiting period to adjust for the occupational difference deny any claim on the back of thisrepresentation increase the deductible to adjust for the coupational difference OC OD.
Elay for Revi Recording The Misstatement of Age provision in an Accident and Health policy allows an insurance company to take which of the following actions if an feared has understated the insured's age on the policy application? OA SOB. SO C. O D. Increase the premium Adjust the benefits Lapse the coverage Cancel the policy Webcas
2. A business without proper business plan will be one geared towards Jailure. 3. Outline the FIVE steps in process for the registration of an Early Childhood Institution with the Early Childhood Commission.
Under federal law, a tax exempt Health Savings Account can only be opened for an individual who is Ο Α. covered by a qualified High Deductible Health Plan covered by Long Term Care Insurance entitled to Medicare benefits eligible to be claimed as a dependent on another person's tax return B. OC. O D.
An insured is omployed by a manufacturing company that provides group nowth coverage for les employees and now dependents. It the insured insured's spouse and children to continue their group health coverage for a maxaman of how many months according to COBRA? A C OD 36 18 12 6

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insured becomes disabled on March 1 and submits a claim stalent to the infonce company on Marc the insured decides to sook logal advice The cartiest date the altomey may take legal action against the inca OA April 30 OB May 16 ec May 31 D. June 15