General Insurance Principles MCQs

1. Using the ____ approach is the most accurate method to determine life insurance needs.

2. As a rule of thumb, your piti costs shouldn't exceed ________ of your pretax monthly income.

3. A(n) _____ policy is a type of term insurance.

4. _____ can be both an advantage and a disadvantage of universal life insurance.

5. Health insurance involves two perils, accident and ____.

6. Nonforfeiture rights guarantee that a policy owner will not lose his or her policys _____.

7. The community rating approach to health insurance premium pricing _____.

8. The __________ mailing list includes announcements and discussion of an open-source idps.

9. Cash-value buildup is relatively slow in ____ life policies.

10. Hospital inpatient charges are reported on the __________ claim.

11. When a patient elects to receive care from a non-par, the patient will accrue _____.

12. Credit term life insurance is a ____ policy with ____ named as beneficiary.

13. Gatekeeping ______ secondary care services.

14. A(n) ____ agent represents multiple insurance companies.

15. Medicare covers beneficiaries who are __________ and have elected to pay a premium for coverage.

16. Motor vehicle crashes cost over ______ in lost wages and medical bills every year.

17. In alphabetic filing, a patients first name is the __________ filing unit.