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Author Question: Prior to passage of the Affordable Care Act, insurers could go back to the date a health insurance ... (Read 94 times)

lindiwe

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Prior to passage of the Affordable Care Act, insurers could go back to the date a health insurance policy became effective and render the policy void due to a clerical error.
 
  This practice, which is prohibited under the Affordable Care Act except in cases of fraud or intentional misrepresentation of a material fact, is called
  A) estoppel.
  B) retention.
  C) rescission.
  D) reformation.

Question 2

Under the Affordable Care Act, if a health insurer does not meet the minimum loss ratio requirement, the insurer must
 
  A) pay a fine to the federal government.
  B) issue rebates to the people the insurer covered.
  C) not sell any health insurance for a period of one year.
  D) reduce the premium on the policies it sells the following year.



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Kimmy

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Answer to Question 1

Answer: C

Answer to Question 2

Answer: B




lindiwe

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it


deja

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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