Ace Arkansas Life & Health Insurance 2025 – Secure Your Success!

Question: 1 / 400

All states have adopted the Uniform Individual Accident and Sickness Policy Provision Law. If an insurer changes any of these provisions, they must ensure it does not:

Conflict with other company policies

Decrease the insurer's costs

Alter the minimum requirements of any provision

The Uniform Individual Accident and Sickness Policy Provision Law aims to standardize certain provisions to protect policyholders. If an insurer changes any of these provisions, they must ensure that the changes do not alter the minimum requirements of any provision. This is essential to maintain the basic protections and benefits that policyholders are entitled to under the law. Therefore, option C is the correct answer.

Options A, B, and D are incorrect because the law does not specifically address conflicts with other company policies, decreasing insurer costs, or changing the premium amount. The focus of the law is to set minimum standards for policy provisions to safeguard policyholders' interests.

Get further explanation with Examzify DeepDiveBeta

Change the premium amount

Next Question

Report this question

Download Ace Arkansas Life & Health Insurance 2025 – Secure Your Success! PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy