In order to minimize adverse selection, employer group dental plans may require employees who enroll after they were initially eligible to participate to do all of the following EXCEPT

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In order to minimize adverse selection, employer group dental plans may require employees who enroll after they were initially eligible to participate to do all of the following EXCEPT

A. Reduce benefits for a period such as one year
B. Increase benefits for a period of one year
C. Submit evidence of insurability
D. Satisfy a longer probationary period

Answer: B. Increase benefits for a period of one year

Dental Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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A domestic insurer issuing variable contracts must establish one or more
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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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The pro rata liability clause is designed to protect the principle of
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