Health Insurance Terms

2. Authority specified in an agent's contract
3. higher probability of loss
5. handles funds in trust capacity
6. Unfair trade practice where someone refuses to service with another
7. average probability of loss
9. Period of time after effective date before illnesses are covered
10. Statements on an application that are guaranteed to be true
11. insurable risk
13. Statements on an application that are true to the best of the applicant's knowledge
16. period in which someone can return a policy for a full refund
17. Medicare part that includes drug coverage
19. lower probability of loss
20. Period of time after an onset of injury before benefits are paid

1. not an insurable risk
4. insurance seeks recovery of amount paid to insured from third party who may have caused loss
8. method of avoiding risk in which someone refuses to participate in such activity
11. Medicare Advantage Plans are commonly referred to as _____
12. uncertainty of outcome of event
14. amount of time someone has to sign up for a plan
15. order for someone to stop doing something that is a violation of a provision
18. cause of loss