Card Set Information
how many days
When an individual needs to file a health ins. claim, what are his responsibilities?
notice is required within 20 days
-proof of loss must be submitted within 90 days
What are the grace periods for an individual (health) policy?
-7 days for weekly pay
-10 days for monthly pay
-31 days for all others
how much time does an insurer have to acknowledge receipt of a claim
10 working days
Changes of address (agent),...
must be reported to commissioner within 30 days
legal actions against ins company by insured
not before 60 days after proof of loss
not after 3 years after proof of loss
if a consumer requests addl info regarding an Investgative Consumer Report, how long does the insurer or reporting agency have to comply?
max time limit for reinstatement of a policy
re: reinstatement - back payments may not exceed:
-110% of increase of cash.sur.valu. resulting from reinstatement
-the sum of overdue premiums + max interest of 8%
policy is incontestable by insurer after it's been in force for how long
*except in case of misstatement of age, sex or identity
how many days noticed is required by insurer when a policy is going to lapse because of an outstanding loan
policy loan request may be deferred for how long
tax status of insurance dividends
dividends not taxable, interest on them is
Living Needs Rider requires that death is expected within..
a complete decision regarding payment of a claim must be made within
insurer must pay claim within how many days of decision
investigative consumer report cannot be made unless consumer is advised in writing about the report within how many days of request
if consumer requests add'l informaton about the invest. cons. report, insurer or reporting agency has how long to provide?
# days to file notice of appointment w/ commisioner
# days to notify of appointment termination
# days to send copy of termination to producer
# days to reinstate laped license w/o taking examination
#days to report change of address (producer)
# days to report admin action or criminal prosecution of producer
license renewal period
annual renewal date for certs. of authority
$ fine for violation of air credit reporting act
$ fine for violation of insurance code
how mny hrs of continuing education per renwal period must be on ethics
min of 3, max of 10
# hrs of approved continued education course work that must be completed per renwal period
how long before lincesne expiration date must continuing education be completed
60 days before
waiting period for coverage for sickness after reinstatement
waiting period for coverage for accidents after reinstatement