Question

In Oklahoma, claims for a medical expense health plan may be denied due to a material misrepresentation within:

A) 3 years
B) 5 years
C) 2 years
D) 1 year

Answer 1

In Oklahoma, claims for a medical expense health plan can be denied due to material misrepresentation within 2 years. Material misrepresentation involves providing false information that could impact an insurer's risk assessment.

Step-by-step explanation:

In Oklahoma, claims for a medical expense health plan may be denied due to a material misrepresentation within 2 years. This is a common provision in insurance contracts designed to protect insurers from fraudulent claims. A material misrepresentation is when an applicant provides false information that significantly affects the insurer's decision to cover the risk. If discovered within the specified time frame, the insurer can deny the claim or even rescind the policy.