Which of the Following Statements About Mandatory Provisions in Individual

question 9

Multiple Choice

Which of the following statements about mandatory provisions in individual health insurance policies is true?

• A)Insurers are not permitted to place time limits on filing claims or providing proof of loss.
• B)The time limit on certain defenses provision prohibits the insurance company from denying a claim based on a fraudulent misstatement by the applicant after the policy has been in force three months.
• C)The usual length of the grace period is 180 days.
• D)Under the reinstatement provision,a health insurance policy that has lapsed can be put back in force.

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Definitions:

Currency

A field type in databases designed to store monetary values, ensuring accuracy and precision for financial calculations.

Compacting

The process of reducing the size of a file or database by eliminating unused space, thereby improving performance and efficiency.

Repairing The Database

The process of fixing issues and restoring a database to a correct, functioning state, often involving the repair of corrupted data.

Sorting The Records

The process of arranging data in a specific order within a database based on one or more fields.