Health & Disability Insurance Clauses & Provisions


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question 1 of 3

Which clause in an insurance contract specifies exactly what the insurance company is liable for and how much it will pay the policyholder in benefits in a given situation?

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1. Which of the following characteristics of the free look period is NOT correct?

2. What does a consideration clause in a health and disability policy state?

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About This Quiz & Worksheet

There are different health and disability insurance clauses, and the quiz and worksheet help test your knowledge of them. A consideration clause and a waiting period clause are on the quiz.

Quiz & Worksheet Goals

Work through this assessment to identify what you know about:

  • How the elimination or waiting period clause works
  • The purpose of a consideration clause in a health or disability policy
  • Characteristics of the free look period
  • Other health and disability insurance clauses

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on health and disability insurance clauses
  • Information recall - access the knowledge you have gained about attributes of the free look period
  • Interpreting information - verify that you can read information about the clause that specifies what the insurance company is liable for and interpret it correctly

Additional Learning

Learn more about these clauses by completing the lesson called Health & Disability Insurance Clauses & Provisions. In this lesson, you can review more about:

  • Components of health and disability insurance policies
  • The meaning of a pre-existing condition
  • How health and disability insurance clauses differ from one another