Health Contract Law and Consumer Information

What this video covers

• Why an application is usually an offer, not the insurer's acceptance, and why a signature does not guarantee coverage or claim payment
• What the applicant and insurer each provide as consideration, and how conditional, unilateral, adhesion, and aleatory describe an insurance contract
• How insurable interest applies to personal health coverage and key-employee disability coverage
• How policyowners, insureds, beneficiaries, and assignees differ, including revocable and irrevocable beneficiary rights
• How free look, lapse, and reinstatement differ, and why free-look deadlines do not replace claim notice or proof-of-loss deadlines
• How the Fair Credit Reporting Act (FCRA) and Health Insurance Portability and Accountability Act (HIPAA) apply to consumer reports and privacy
• What an adverse-action notice must explain, when the 60-day free-report request period begins, and how representations differ from warranties