All of the following are true regarding a long-term care policy elimination period, EXCEPT:

a. Elimination periods are usually 30 days or longer.

b. The insured is not required to be confined to a nursing facility during the elimination period.

c. Elimination periods in long-term care policies are similar to those found in disability income policies.

d. Benefits begin after the elimination period has been satisfied.

Answer: b. The insured is not required to be confined to a nursing facility during the elimination period.

Pre-Licensing 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?

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A domestic insurer issuing variable contracts must establish one or more
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The two major actions required for a policyholder to comply with the Reinstatement Clause are
Life insurance policies will normally pay for losses arising from
Which of the following statements regarding the taxation of Modified Endowment Contracts is FALSE
Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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The pro rata liability clause is designed to protect the principle of
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