Disability insurance has an elimination period or waiting period similar to deductibles. This period is
A) The number of days that the insured must be disabled before insurance benefits become payable
B) The number of payments that must be made before the policy will pay out
C) The number of days the insured must wait to file for any claims
D) The number of deductibles that must be met before claims are paid.
Correct Answer:
Verified
Q10: Disclosure authorization must be given to applicants:
A)When
Q11: The majority of insurance regulation takes place
Q12: Disclosure must state the reason and purpose
Q13: Insurance companies are governed by regulations intended
Q14: Companies selling life insurance are taxed on
Q16: Insurers use the law of large numbers
Q17: Studies have indicated that people who drive
Q18: The purpose of insurance to the insured
Q19: The cause of potential loss is referred
Q20: In order for individuals to benefit from
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