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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 86 times)

lindiwe

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  • Posts: 577
on: Jul 11, 2018
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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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


lindiwe

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Excellent

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