Kansas Life & Health Insurance Practice Exam

Question: 1 / 400

What is often required from the insured when the waiver of premium provision is triggered?

Verification of income

Proof of disability

When the waiver of premium provision is triggered, the insured is typically required to provide proof of disability. This provision allows the policyholder to pause premium payments without losing their coverage if they become disabled and are unable to work. The requirement for proof of disability serves to verify the insured's condition and ensure that it meets the criteria established by the insurance policy for the waiver to apply.

In many insurance policies, the proof of disability may include documentation from healthcare providers or other evidence that demonstrates the insured's inability to perform their job due to a qualifying disability. This proof is crucial for the insurer to process the waiver and continue providing coverage without requiring the insured to make premium payments during their period of disability.

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Payment of back premiums

Notice of cancellation

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