Free Individual Accident and Health Provisions Practice Questions
Kentucky Accident & Health exam — 114 practice questions.
Subtopics: Free look, Grace period, Reinstatement, Time limit on defenses, Entire contract, Proof of loss, Payment of claims, Physical exam and autopsy, Legal actions, Misstatement of age, Probationary period, Guaranteed renewable, Time limit on certain defenses, Pre-existing conditions, Nonrenewal notice, Reinstatement coverage, Notice of claim, Claim forms, Time of payment of claims, Free look exception, Change of beneficiary, Optional provisions, Change of occupation, Illegal occupation, Intoxicants and narcotics, Conformity with statutes, Insuring clause, Noncancelable, Conditionally renewable, Cancelable, Elimination period, Coinsurance, Free look provision, Consideration clause, Pre-existing condition provision, Sickness waiting period, Other insurance in this insurer, Insurance with other insurers, Other insurers per diem, Unpaid premium, Cancellation provision, Flat deductible, Per-cause deductible, All-cause deductible, Corridor deductible, Integrated deductible, Carryover provision, Common accident provision, Restoration of benefits, Benefit period medical, Lifetime maximum benefit, Assignment of benefits, Facility of payment, Period of coverage, Standard and optional provisions, Time of payment, Physical exam, Cancellation, Mandatory vs. optional, Renewability, Riders, Eligible expenses, Deductibles, Subrogation, Exclusions, Benefit limits
Read the Individual Accident and Health Provisions study guide
Sample questions & answers
1. The provision allowing a newly issued individual health policyowner to return the policy within a stated number of days for a full refund is the:
Free-look (right to examine) provision
The free-look (right to examine) provision lets the owner return the new policy within the stated period for a refund.
2. After a premium due date passes, the period during which an individual health policy stays in force so the insured can still pay is the:
Grace period
The grace period keeps the policy in force for a limited time after the due date so the premium can still be paid.
3. Under Kentucky's reinstatement provision, a lapsed individual health policy is reinstated when the insurer accepts a late premium:
Without an application, unless the insurer requires one
KRS 304.17-080 provides that acceptance of a late premium without requiring a reinstatement application reinstates the policy; if an application is required, reinstatement occurs on approval or by the 45th day unless disapproved.
4. The time limit on certain defenses provision in an individual health policy functions much like a life policy's:
Incontestability clause
The time limit on certain defenses limits the insurer's ability to contest the policy after a set period, similar to a life policy's incontestability clause.
Practice: Individual Accident and Health Provisions
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
