Author Question: Which of the following statements about mandatory provisions in individual health insurance policies ... (Read 75 times)

plus1 · **on:** Jul 11, 2018

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.

Question 2

One provision of the Affordable Care Act provides creates in each state a transparent and competitive insurance marketplace where individuals and small firms can purchase affordable and qualified health coverage. This marketplace is called a

A) Medicaid plan.
B) Medicare plan.
C) Health Maintenance Organization (HMO).
D) Health Insurance Marketplace.