When choosing a healthcare provider, who is responsible for making sure insurance covers the care?

When choosing a healthcare provider, who is responsible for making sure insurance covers the care?

When choosing a healthcare provider, who is responsible for making sure insurance covers the care?

A) You
B) Doctors
C) Insurance Companies
D) Nurses

The Correct Answer for the given question is Option C) Insurance Companies.

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Which of the following statements about noncontributory employee group life insurance is false?

Which of the following statements about noncontributory employee group life insurance is false?

Which of the following statements about Noncontributory Employee Group Life Insurance is false? Options A) A minimum number of employees is required to participate B) All eligible employees must be covered C) No evidence of insurability required D) Must have conversion rights   The person who receives financial protection from a life insurance plan is … Read more

The person who receives financial protection from a life insurance plan is called a:

The person who receives financial protection from a life insurance plan is called a:

The person who receives financial protection from a life insurance plan is called a: Options: A. Beneficiary B. Payer C. Insured D. Giver   Detailed Answer Explanation: A beneficiary is a person or entity in a life insurance contract that is entitled to receive the claim amount and other kinds of benefits on the maturity … Read more

Which of the following is true about Credit Life Insurance

Which of the following is true about Credit Life Insurance

Which of the following is true about Credit Life Insurance Options:   A) Debtor is the annuitant. B) Creditor is the insured. C) Debtor is the policy beneficiary. D) Creditor is the policyowner.   [bg_collapse_level2 view=”button-orange” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ] The Correct Answer is D) Creditor is the policyowner. [/bg_collapse_level2]

What does liquidity refer to in a Life Insurance Policy ?

What does liquidity refer to in a Life Insurance Policy?

What does liquidity refer to in a Life Insurance Policy? Options:   1. The insured is receiving payments each month in retirement. 2. Cash values can be borrowed at any time. 3. The death benefit replaces the assets that would have accumulated if the insured had not died. 4. The policy owner receives dividend checks … Read more

Which of the following entries records the payment of insurance for the current month?

Which of the following entries records the payment of insurance for the current month?

Which of the following entries records the payment of insurance for the current month?

A. Cash, debit; Insurance Expense, credit
B. Prepaid Insurance, debit; Cash, credit
C. Insurance Expense, debit; Cash, credit
D. Insurance Expense, debit; Accounts Receivable, credit

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The person who receives financial protection from a life insurance plan is called a:

The person who receives financial protection from a life insurance plan is called a:

The person who receives financial protection from a life insurance plan is called a: Options   A. Beneficiary B. Payer C. Insured D. Giver. [bg_collapse_level2 view=”button-orange” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ] The correct answer is Option A. Beneficiary [/bg_collapse_level2]

Which of the following best describes Annually Renewable Term Insurance?

Which of the following best describes Annually Renewable Term Insurance?

Which of the following best describes annually Renewable Term Insurance?

A) It requires proof of insurability at each renewal.
B) Neither the premium nor the death benefit is affected by the insured’s age.
C) It provides an annually increasing death benefit.
D) It is level term insurance.

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Bonus Shares of SHIKHAR INSURANCE is listed on NEPSE F/Y 2076/77

Bonus Shares of SHIKHAR INSURANCE is listed on NEPSE F/Y 2076/77

Bonus Shares of SHIKHAR INSURANCE is listed on NEPSE F/Y 2076/77 Shikhar Insurance Company Limited (SICL) has listed 27.769% bonus shares that consist of 38,40,202 shares for the fiscal year 2076/77. The 15th and 16th AGM of the company held on Chaitra 09, i.e. March 22, declared the bonus shares and cash dividend that has … Read more