Florida Life and Health Insurance License Practice Test

Which health policy provision states that the producer cannot change the policy or waive any of its provisions?

1. Entire Contract

2. Incontestability

3. Grace Period

4. Renewability

The correct answer is: Entire Contract

Option A, Entire Contract, is the correct answer because it refers to a provision in health policies that requires the entire contract to be included in the policy, and that any endorsements or riders must be attached to and incorporated into the policy. This means that the producer cannot make changes to the policy or waive any provisions without the insured's knowledge and consent. Option B, Incontestability, refers to a provision that prevents an insurer from questioning the validity of a policy after a specific period of time, usually 2-3 years. This does not pertain to the producer's ability to change the policy. Option C, Grace Period, refers to a provision that allows the insured a certain amount of time to pay their premium before the policy is terminated. This has no relation to the producer's ability to change the policy. Option D, Renewability, refers to a provision that specifies whether the policy is