Insurance Exam FX Flashcards

An unplanned, unforeseen event which occurs suddenly at an unspecified place.

An insurance policy that pays a specified amount if the insured dies, loses sight, or loses two limbs.

<p>A policy rider that analyzes the cause of death to determine compliance with accidental death description.</p> Signup and view all the answers

<p>The time over which the annuitant makes payments or investments in an annuity.</p> Signup and view all the answers

<p>The required amount to pay damages or for property loss.</p> Signup and view all the answers

<p>The amount a physician or supplier actually bills for a particular service or supply.</p> Signup and view all the answers

<p>A person trained in the technical aspects of insurance, particularly in the mathematics of insurance.</p> Signup and view all the answers

<p>A contract offered on a 'take it or leave it' basis by an insurer.</p> Signup and view all the answers

<p>Life insurance that permits changes in face amount, premium amount, and duration of payment.</p> Signup and view all the answers

<p>A representative of an insurance company who investigates claims.</p> Signup and view all the answers

<p>An individual appointed by a court to settle the financial affairs and estate of a deceased person.</p> Signup and view all the answers

<p>The tendency of higher-risk individuals to purchase insurance more frequently.</p> Signup and view all the answers

<p>An individual licensed to sell and negotiate insurance contracts on behalf of an insurer.</p> Signup and view all the answers

<p>A contract in which parties exchange unequal amounts.</p> Signup and view all the answers

<p>An insurance company incorporated outside of the United States.</p> Signup and view all the answers

<p>Additional services provided by a hospital, such as x-rays.</p> Signup and view all the answers

<p>A contract that provides income for a specified period of years or for life.</p> Signup and view all the answers

<p>The appearance of authority based on actions or circumstances created by the principal.</p> Signup and view all the answers

<p>A document providing information for underwriting purposes.</p> Signup and view all the answers

<p>The amount Medicare determines to be reasonable for a covered service.</p> Signup and view all the answers

<p>The transfer of ownership rights of a life insurance policy from one person to another.</p> Signup and view all the answers

<p>A claim to receive payments directly from Medicare to a provider.</p> Signup and view all the answers

<p>A method of dealing with risk by deliberately keeping away from it.</p> Signup and view all the answers

<p>A fee charged at the time of sale, transfer, or withdrawal from a policy.</p> Signup and view all the answers

<p>A ledger or proposal used in selling a life insurance policy showing guaranteed and nonguaranteed elements.</p> Signup and view all the answers

<p>The person who receives the proceeds from the policy when the insured dies.</p> Signup and view all the answers

<p>The length of time over which insurance benefits are paid for each illness or disability.</p> Signup and view all the answers

<p>A temporary contract that puts an insurance policy into force before payment.</p> Signup and view all the answers

<p>A policy that provides benefits for all medical costs.</p> Signup and view all the answers