Health Care > EXAM > Colorado Health Insurance 2023 – 2024 Complete Solution (All)

Colorado Health Insurance 2023 – 2024 Complete Solution

Document Content and Description Below

Colorado Health Insurance 2023 – 2024 Complete Solution Mandatory Uniform Provisions - Must be included in every individual accident policy, no additional provisions may be included which otherwi... se restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform - Includes the policy and provisions, c a copy of the application and any riders, waivers, or endorsements Time Limit on Certain Defenses-Mandatory Uniform - No statement or misstatement may be contested after 2 years, no time limit for fraud Grace Period-Mandatory Uniform - Period after premium due date before policy lapse, (7-10-31) 7 days for weekly premium; 10 days for a monthly premium; 31 days of every thing else Reinstatement Provision- Mandatory Uniform - Applies to the time frame that an insurer hasn't paid premium but wants the policy back, allows insured to reinstate by paying past due premiums, proof of insurability may be required, sickness begins after 10 days, accidents are covered immediately - If you haven't heard back in 45 days, then the policy has been reinstated Notice of Claim provision-Mandatory Uniform - Policy owner must notify Insurer of loss either in writing, in person or by phone w/in 20 days. claim forms provision-Mandatory Uniform - The insurer is required to send the insured a claim form within 15 days after notice is received Proof of Loss provision-Mandatory Uniform - Policy owner has 90 days from date of loss to submit proof of loss to Insurer; valid claim must be paid immediately upon receipt. Time of Payment of Claims-Mandatory Uniform - Provides for immediate payment of the claim after the insurer receives notification and proof of loss. Payment of Claims Provision-Mandatory Uniform - Payment of claims to the policyowner unless otherwise specified or there is an assignment of benefits(required) defines how proceeds are to be paid out + requirements to initiate death benefit claim [Show More]

Last updated: 2 months ago

Preview 1 out of  pages

Add to cart

Instant download

Reviews( 0 )


Add to cart

Instant download

Can't find what you want? Try our AI powered Search



Document information

Connected school, study & course

About the document

Uploaded On

Mar 21, 2024

Number of pages

Written in



Member since 2 years

6 Documents Sold

Additional information

This document has been written for:


Mar 21, 2024





More From Professor_Chue

View all Professor_Chue's documents »

Recommended For You

Get more on EXAM »

What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 Questions? Leave a message!

Follow us on

Copyright © Browsegrades · High quality services·