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David Herbert earns $2,475 a month as a security guard for Baldwin Enterprises. His group
medical insurance costs $3,300 a year. The company pays 80% of the cost of group insurance.
How much is deducted each month from his paycheck for medical insurance?
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- Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The producer must hold a similar license in the state of residence. 2. Policies the producer writes in Illinois must be countersigned. 3.The producer must complete pre-licensing and continuing education courses in Illinois. 4.The producer must maintain a minimum surety bond of $10,000.Describe this insurance scorecard claims.Describe some healthcare situations in which an agent has taken advantage of a principal. Then describe some healthcare transactions that have not taken place because of fears about asymmetric information.
- Misty is single and has chosen Plan Q. Misty has not used her health insurance yet this year. Misty goes to the hospital for some services and her portion of the bill is $5,000. How much did Misty’s insurance pay for their portion of the bill?A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have A fiduciary responsibility to the insurer An insurable interest in the auto A surety interest in the auto Rights of subrogationHealth insurance is a
- The Time of Payment of Claims provision requires that an insurance company pay Disability Income benefits no less frequently than. A.annually B.semiannually C.quarterly D.monthlyWhich option is the most effective for companies and employees: a standard fee-for-services health care insurance option or a high-deductible health insurance plan.. What levels of risks are properly and most economically passed on to insurance carriers?
- ICD-10 was implemented in October 2015. Summarize how the industry handled it.How can you use Microsoft Excel and your agility and problem solving skills to understand the level of risk involved in selecting the appropriate insurance to achieve your goals. How will problem solving, productivity, technology, and agility help you achieve your personal and professional goals?Which of the following statements is correct about a business income coverage form? it must be written in a special form It provides coverage for losses that occur up to 30 days after the policy expired it provides coverage for income Interruption at any location owned by the insured it provides coverage for income Interruption from physical damage only at the location described in the policy