Mandatory Provisions in Health Insurance Policies

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Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

How long is the contestable period in most health insurance policies?

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1. What is the grace period provision in a health insurance policy?

2. Which of the following could NOT happen if a policyholder pays an outstanding premium after the grace period?

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About This Quiz & Worksheet

This quiz and worksheet is an assessment of what you remember about the common policies of health insurance. You'll review what you know about contestable periods and grace periods offered.

Quiz & Worksheet Goals

This quiz and worksheet is designed to test what you know about:

  • The length of the contestable period of a typical health insurance policy
  • What a grace period is
  • The consequences of paying after a grace period
  • The typical amount of days the insured has to notify the company of a claim

Skills Practiced

  • Information recall - see if you remember how long the contestable period is
  • Knowledge application - review what you know about what a grace period is to answer a question about it
  • Interpreting information - verify that you read about the types of beneficiaries and interpret them correctly

Additional Learning

Learn more about this topic with the provided lesson, Mandatory Provisions in Health Insurance Policies. This lesson gives more details about:

  • What health insurance is
  • Which party can makes changes in the insurance contract once it is signed
  • What happens if someone makes a fraudulent statement on the contract
  • Defining a guaranteed renewable clause
  • What legal actions clauses provide
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