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CHAPTER 6 HEALTH INSURANCE Flashcards | Quizlet When an insurer has the right to terminate a health insurance policy for specific reasons other than the insured's health, the plan is described as conditionally renewable
A health insurance policy where the insured has the right to terminate . . . The correct answer is that a health insurance policy where the insured can terminate it for reasons other than health is called conditionally cancelable This allows for cancellation based on specific conditions unrelated to the insured's health status
Who May Terminate Coverage Under A Cancelable Health Insurance Policy: A guaranteed renewable policy ensures that the policyholder has the right to renew their coverage each year, regardless of changes in their health Unlike cancelable policies, insurers cannot terminate coverage as long as the policyholder pays premiums on time
Chapter 9 - Health Provisions, Riders and Exclusions Terms in this set (10) A health insurance policy where the insurer has the right to terminate the policy for reasons other than the insured's health is called - Limited renewable - Conditionally renewable - Guaranteed renewable - Conditionally cancelable Conditionally renewable
question 9 of 15 a health insurance policy where the insurer has the . . . A health insurance policy that allows the insurer to terminate the policy for reasons other than the insured's health is called "conditionally renewable " In a conditionally renewable policy, the insurer can choose not to renew the policy under certain conditions specified in the contract
A health insurance policy where. the insured has t. . . A health insurance policy where the insured has the right to terminate the policy for reasons other than the insureds health is called- Limited renewable - Conditionally Renewable - Guaranteed renewable - Conditionally Cancelable
What is a health insurance policy called where the insurer has the . . . A health insurance policy that allows the insurer to terminate coverage for reasons other than the insured's health is called a conditionally renewable policy This type of policy maintains coverage unless specific contractual conditions are violated, providing a framework for the insurer's rights
A Clause That Allows an Insurer the Right to Terminate Explained Certain policies include “non-cancellable” or “guaranteed renewable” provisions, particularly in health and life insurance For example, many states prohibit insurers from terminating individual health policies after the first year if premiums are paid