What is the federal income tax treatment of employer provided group insurance?
Which of the following statements does not accurately describe the tax treatment of premiums-1 year ago. Bemerkungen: 0. Views: 21. Share. Like (Revised January 2014) The California legislature requires the Insurance Commissioner to annually prepare a Consumer Rate Guide for long-term care insurance. This website consists of an overview of long ...
Which determines the amount of the benefits of the insured?
Which of the following statements does NOT accurately describe the tax treatment of premiums and benefits of individual Accident and Health insurance? Disability income policy premiums are NOT tax-deductible . Disability income policy premiums are tax-deductible . Major medical policy benefits are normally not taxed
Are premium premiums paid for Disability Income Policies Tax-deductible?
Which of the following statements doesn’t accurately describe the tax treatment of premiums and benefits of individual accident and health insurance? Disability income policy premiums are tax - deductible . Which of the following services is not covered under a …
Which policy provision entitles the insurer to establish conditions?
Which of the following statements most accurately describes the tax treatment of worthless securities? O A. The transaction is considered to be a noncapital loss. B. The taxpayer can claim the loss in any year including or following the date on which s/he can demonstrate that the security became worthless. OC.
Which of these statements accurately describes the Waiver of premium provision in an accident and health policy?
Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? (Correct.) The Waiver of Premium provision waives the payment of premiums after the insured has been totally disabled for a specified period of time.
Which of the following is the reimbursement of benefits for the treatment of a beneficiary's?
Which of the following is the reimbursement of benefits for the treatment of a beneficiary's injuries caused by a third party? "Subrogation". Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured.
Which of the following statements about a guaranteed renewable health insurance policy is correct?
Which of the following statements about a Guaranteed Renewable Health Insurance policy is CORRECT? A Guaranteed Renewable Health Insurance policy can have increasing premiums at time of renewal.
Which of the following actions will an insurance company most likely not?
Which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for a Disability Income policy? The correct answer is "Issue the policy with an altered Time of Payment of Claims provision".
Which of the following is not covered under a hospitalization expense policy?
Which of the following services is NOT covered under a hospitalization expense policy? Surgeon's fees. (While an insured is hospitalized, the hospitalization expense coverage includes benefits for the cost of all of these services EXCEPT a surgeon's fees.) S wants to open a tax-exempt Health Savings Account.
Which of the following is not a true description of a non medical life insurance?
Which of the following is NOT a true description of non-medical life insurance? Applicants are not required to answer medical questions on the application. Medical questions can still be asked on an application of non-medical life insurance. the policy's face amount.
What is guaranteed renewable policy?
A guaranteed renewable [health insurance] policy is one by which the insurer guarantees to renew the policy to a stated age, such as age 65. The policy cannot be canceled, and renewal of the policy is at the insured's sole discretion.Dec 5, 2018
What is guaranteed renewable term insurance?
Key Takeaways A guaranteed renewable policy is an insurance policy feature that ensures that the insurer is obligated to continue coverage as long as premiums are paid on the policy.
What does a guaranteed renewable health insurance policy allow?
Guaranteed renewable refers to an insurance policy feature that ensures that the policyholder continues to receive coverage as long as the policy's premiums are paid.
Which of the following is not a required provision in group life policies?
Which provision is NOT a requirement in a group life policy? An AD&D provision is not required in a group life policy. The correct answer is "the entire cost of the plan is paid for by the employer". When an employer provides noncontributory group term life insurance, the employer pays the entire cost of the plan.
Which of the following correctly explains the actions an agent?
Which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance policy? Complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
Which of the following is not a group typically recognized as eligible for group insurance?
Which of the following is NOT an eligible group to obtain group life insurance? Group life insurance is limited to employer groups, multiple employer trusts, labor unions, group credit life insurance, and association plans.