Why might an insurance agent conceal a customer's pre-existing condition? Option: "To secure a sale and earn a commission", "To protect the customer's privacy", "To simplify the application process", "To expedite the policy issuance"

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Why might an insurance agent conceal a customer's pre-existing condition?

"To secure a sale and earn a commission"

"To protect the customer's privacy"

"To simplify the application process"

"To expedite the policy issuance"

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What is the main reason why insurance companies might reject a claim?

"Fraudulent activity"

"Non-payment of premiums"

"Change in health status after policy purchase"

"Non-disclosure of pre-existing conditions"

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What is the potential consequence of not disclosing pre-existing conditions when applying for health insurance?

Claim rejection

Lower premiums

Guaranteed claim approval

Faster claim processing

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What should a customer do if they suspect their agent is not acting in their best interest?

"Report the agent to the insurance company"

"All of the above"

"Consult with a legal professional"

"Confront the agent directly"

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What is the recommended approach when declaring medical history for health insurance?

Omit information deemed insignificant

Be completely transparent

Downplay the severity of conditions

Disclose only major conditions

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Why might an insurance company decline a cashless claim even if the insured is in a network hospital?

The insurer suspects a complex medical condition requiring extensive coverage

The hospital is not a preferred provider within the network

The insured has a history of frequent claims

The policy does not include cashless claim benefits