Health Insurance Policy Provisions and Taxation

Flashcards covering key concepts from health insurance policy provisions, renewability, and long-term care taxation as reflected in the notes.

What document describes an insured's medical history, including diagnosis and treatments?

Attending physician statement.

What type of disability insurance policy is guaranteed renewable?

Guaranteed renewable disability insurance policy.

Among the required provisions of a health insurance policy, which statement is incorrect?

Reinstated policy that provides immediate coverage for an illness.

According to the rights of renewability rider for cancelable policies, which statement about cancellation is incorrect?

Unearned premiums are retained by the insurance company.

What income taxation will be imposed on the benefits received from an individual long-term care insurance plan?

No tax.