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E did not complete all of the medical history questions because she could not remember the exact dates. B) the method of premium payment The insuring clause, usually on the first page of the policy, is the general statement that defines the insurance agreement and identifies the insured and the insurance company and states what kind of loss (peril) is covered Study with Quizlet and memorize flashcards containing terms like The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value the amount of, If an insured dies during the grace period with no premiums paid, What is the name of the provision which states that a copy of the application must be attached to the policy when issued? and more. In exchange the insurer provides the benefits as stipulated in the contract, entire contract, Grace Period and more. The amount of tax on the withdrawal, if it is over basis c. entry level no experience jobs near me provision in a long-term care policy. Study with Quizlet and memorize flashcards containing terms like All of the following are functions of an insuring clause except: -states the conditions under which the policy will pay -outlines the kind of benefits provided -primarily describes the free-look period -provides the policy's scope and limits of coverage, This mandatory health policy provision states that the policy, including. Which of these policies does S own?, The percentage of an individual's Primary Insurance Amount (PIA) determines the. Speculative risk cannot be insured Pure risk can be insured. Study with Quizlet and memorize flashcards containing terms like Under a CGL's "Other Insurance" clause, the two insurers will share the loss: a equally, Supplementary covers each of these EXCEPT: a. sdn prevet The insurer's promise to pay specified benefits to a designated person in the event of a covered loss; Specifies the kind of benefits provided and the circumstances under which they will be paid; Identifies the specific type of benefits or services covered by the policy; Consideration Clause Insuring clause. Study with Quizlet and memorize flashcards containing terms like consideration consideration is the value offered by the insured to the insurance and vice-versa. With so many options available, it can be difficult to know which one is right for you. States’ rights and limiting the power of the federal government w. free klove radio The period of coverage of the policy, Which of the following best describes the automatic premium loan provision of a life insurance. ….

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