a producers secretary who solicits prospects on the telephone 12. What is the contract called that is issued to an employer for a Group Medical Insurance plan? If he files an application for renewal before the expiration date, his license will, A Medicare Supplement policy can be cancelled by the insurer for, Recording the receipt and distribution of premiums due to an insurer is considered a producer's _________ responsibility. Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. What is this an example of? The individual is paying premiums that are priced for each year or Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of instability. What is issued to each employee of an employerhealth plan? An individual can enroll in a Part C Medicare Advantage Plan at what time? Which of the following is NOT a requirement for soliciting insurance in Maryland? Must be bonded through the state. Find out how you can intelligently organize your Flashcards. A. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. A Medicare Supplement policy may exclude coverage fora preexisting condition for up to __months. a producers secretary who solicits prospects on the telephone. Howsoon can the benefit payments begin with a deferred annuity? a producers secretary who solicits prospects on the telephone. A. Howdo interest earnings accumulate in a deferred annuity? Which of these is affected by the frequency of an insurance policy's premium payments? Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. We understand that this must have been both very frustrating and disappointing. A Whole life policy option where extended terminsurance is selected is called a(n), A provision in a whole life policy that allows apolicy owner to terminate the policy in return for a reduced paid-up policy ofthe same type is called a(N). An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? How often must an insurance producer's license in New Jersey be renewed? The taxable portion of each annuity payment is calculated using which method? How long is the Contestable period for health insurance policies sold in Maryland? XZY company has applied for group health insurance for its employees. Which of the following is CORRECT regarding the death benefit amount. Craig submits a $500 claim for medical expenses. a. Whatis the elimination period of an individual disability policy? B.Change must be initialed by the applicant. Which of the following is a reinstatement condition? An amount the premium would have purchased at the correct age. Maria would like an annuity that provides a guaranteed accumulation or payout. What happens when an insurance policy is backdated? Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Which of the following is a requirement for ANY change in an insurance application? Add to folder Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? Chapter 8 Texas Laws and Rules Pertinent to I, NY state insurance license practice exam ques, Chapter 16: Private Insurance Plans for Senio, Totalliabilitiesandstockholdersequity, Fundamentals of Financial Management, Concise Edition, Anexo del Real Decreto 1630/2006 Educacin in. We weren't able to detect the audio language on your flashcards. Providing claim payments to insureds under the guidelines of the insurance contract. The policy automatically converts to whole lifeafter the 10-year period, B. Which of these statements is true? Which of the following is an example of defamation? D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Which of the following statements is TRUE? The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. AMaryland insurance producer solicits an insurance policy. Using derogatory statements about an insurance company's financial condition. Collecting a chargefor insurance that is less than the charge applicable to that insurance. Registered for the state insurance examination. EXECUTIVE SUMMARY. & \text{Ending}& \text{Beginning} & \\ The names of the insurance companies represented by the producer. She would like to borrow $15,000 against the cash value. Sonya applied for a health insurance policy on April 1. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? To be classified as a small employer, an employer must NOT have more than _________ eligible employees, The _______ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant, During the examination of an insurer's books and records by the Commissioner, the insurer, remain in effect until a new one is issued, John the insurance producer has an insurance license that expires in 6 months. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. You are given the graphs of several functions of the form f(x)=ax2+bx+cf(x)=a x^2+b x+cf(x)=ax2+bx+c for different values of a, b, and c. For each function. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. Which of the following topics needs to be discussed with this client? Julie has a $100,000 30-year mortgage on her new home. PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. The greater of the accumulated cash value or the total premium paid. a. Mustmeet certain underwriting guidelines. A licensee MUST notify the Commissioner of an address change within _______ days of the change, Violations of US Code Title 18 section 1033 may result in, In the state of Maryland, a licensed producer, sharing commissions with other licensed and appointed agents, All of the following actions are considered rebating EXCEPT, Under the Maryland Health Insurance Plan, comprehensive health benefits are provided to, A producer who knowingly submits a false statement in support of a claim. How soon can the benefit payments begin with a deferred annuity? The right-to-examine period in Maryland for long-Term Care polices is ___ days. This type of agreement is called an. A. D.) Intentionally violated state insurance laws. a producers secretary who solicits prospects on the telephone Call us (+254) 722 22 99 44 Email polucon@polucon.com Our Laboratories Nairobi & Mombasa fort worth murders 1990s Home Services a producers secretary who solicits prospects on the telephone Micro-Biology Services Agri - Services Instrumentation Division Environment Division Which of the following must be included in the advertisement? Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. B.) Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? Jim recently sold his whole life insurance policy under a critical settlement contract. This situation is called, Written notice of a health insurance claim should be given to the insurer within _____ days after the occurrence of any loss covered by the policy, To conduct insurance business in this State, an insurer must be issued a certificate of authority. C) Unintentionally misrepresented a material fact on the application. Over the course of a year, which premium payment mode is most expensive? Which of the following situations would be suitable for a temporary work authority? Kurt is an active duty serviceman who was recently killed in an accident while home on leave. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. May 2020. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ she may need to resume premium payments, depending on actual results, Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of non guaranteed values. Which of the following is NOT a required provision in an accident and health insurance policy? In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, C. Remain of their current coverage for 30 months. As beneficiary, he will pay ____ taxes on any money withdrawn. The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. Which of the following is present when an applicant stands to lose value if the insured dies? Mikehas inherited his fathers traditional IRA. Within how many days must a producerreport to the commissioner any administrative actions made against him/her? Which of the following actions by a producer would NOT result in a license suspension or revocation? Whichphase is this annuity in? Please sign in to share these flashcards. A producer is meeting with a client to determine whether an annuity would be suitable for purchase. An insurance producer is issued a _____ as evidence of authority. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Her agent submitted the information to the insurance company on April 6. James is the insured on a life insurance policy where his age was misstated on the application. Whichof the following is Medicare Part B also known as? d. A covered employee if terminated for grossmisconduct. Who is eligible for insurance under a group policy issued to a labor union? Under a Traditional IRA, Interest earned istaxed. MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. A beneficiary has just received a claim payment for a life insurance policy. May an insurance producer licensed in New Jersey but not in New York sell a life insurance policy to a New York resident while in New Jersey? D. Administered by the federal government. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Who is required to notify the producer in the event of appointment termination? Which type of contract may NOT be issued by an insurance company? Producing an inadequate amount of new premium. Who is the individual paid on a fee-for-service basis? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? All Medicare Supplement policies MUST contain which provision? Which of these is likely to occur when life or health insurance is being applied for? Policyowners from misrepresentations and loss of benefits, Replacement regulation is designed to protect, A producer must notify the Commissioner within _____ days of a felony conviction, Dependent children under a health insurance plan must be provided coverage up to age, written authorization from the proposed insured, Prior to conducting an HIV-related test, the insurer must obtain, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. As beneficiary, he will pay__taxeson any money withdrawn. An insurance company needs to obtain personal information from a third party concerning an applicant. cuanto gana un pintor de autos en estados unidos . by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. What happens to coverage under a children's term rider when that child reaches a certain specified age? A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. Which of the following is a reinstatement condition? The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. All of these are responsibilities of the Commissioner EXCEPT, policy must be issued to XYZ, and a certificate must be issued to each employee, XYZ Corp was issued a group health policy for its employees. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? ABC Corporation has a group life insurance policy that covers its employees and their dependent children. by geriford27, Insurable interest can be established sufficiently by sentimental attachment alone, A life insurance policy written on one contract for two people in which it is payable upon the first death is called. In this situation, who will receive Bob's policy proceeds? C. Normally graded over a period of 20 years. In which of the following relationship would there NOT be an insurable interest? Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. 5511. National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org Our Future You series provides a range of topical advice and guidance via webinars and podcasts. Which of these premium payment frequencies is not typically available to a policy owner? An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. She recently replaced the policy with a new one that provides better coverage. June 24, 2022 . The Commissioner issues a subpoena to a producer. a producer's secretary who solicits prospects on the telephone. To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Insurance\/Healt Agent Exam","payreferer_url":"\/flashcards\/copy\/insurance-healt-agent-exam--11456962","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. According to HIPPA, this tax will not be applied if the withdrawal is used for medical expenses that exceed _____ of the individual's adjusted gross income. a. Theinsured skipped a payment beyond the 31 day grace period, b. Theinsured was injured while participating in an illegal occupation, c. Theinsured was given a notice of cancellation from the insurer, d. Theinsured suffered an injury as an innocent bystander during a bank robbery. 59 and owned account for a minimum of 10 years, B. Which of the following may be used as continuation education credit? A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Since each partner contributes an important element to the success of the business, they decide to take life insurance policies out on each other, and name each other as beneficiaries. There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. Which of the following is TRUE regarding the federal income tax? Which of these if NOT considered to be a purpose of an annuity? A life insurance policy sold in Maryland can be cancelled for nonfraudulent misstatements for up to, A person who has a contract with an insurance company to represent it, To a licensed producer who is appointed with the insurer. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. Howare annuities given favorable tax treatment? Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Which of the following is the likely result? Which situation accurately describes a reduced paid-up nonforfeiture option? Which rider would pay a monthly amount because of this disability? This agreement is called an, Upon receiving a producer complaint, the Commissioner may immediatley, ABC Insurance Company transfers part of their risk to XYZ Insurance Company. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? Whoassumes the investment risk with a fixed annuity contract? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which of these is NOT considered to be a risk factor in life insurance underwriting? a producers secretary who solicits prospects on the telephone. In the event of employment termination, group health insurance can be kept if the employee pays the premiums. audio not yet available for this language. Bob and Tom start a business. A producer may begin to solicit insurance ONLY. Please upgrade to Cram Premium to create hundreds of folders! If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. c. Travel accidental insurance premiums. \end{array} A master contract and certificate of coverage can be found in which type of policy? National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org In some cases, NDRC also solicits the opinions of relevant Chinese industrial regulators and consulting agencies, which may include industry associations that represent Chinese domestic firms. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. A medicare supplement plan can be canceled by the insurer, Small employers who are sponsored by an insurer to provide group benefits to its employees are called, Health insurance involves two perils, accident and _____. Why are dividends from a mutual insurer not subject to taxation? A closed network plan offers a primary physician copay of $25. In order for the producer's insurance business to continue, the Commissioner may issue to the producer's spouse a, has a mental or physical handicap and remains dependent on the parent, A dependent child may remain on a parent's health insurance plan beyond age 26 if the child, Under a small group health plan, an insurer is required to provide a newly-married employee at least ____ days to add the new spouse to the plan, replacing an insurance policy from one insurer to another based on misrepresentation, legible and brief description of the policy on the first page, Each delivered life insurance policy in Maryland MUST include a, The _____________ of Coverage describes policy features, benefits, exclusions, and riders in a Long-Term Care policy, A person who, for a fee, gives advice or recommendations on benefits provided by an insurance contract is called, Child over the age of 18 years who attends an educational institution and relies on the insured employee for financial support. Which disability policy provision would address any concerns of the value of the benefits decreasing over time? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? How many days notice must the Commissioner give prior to a hearing? D. The face amount and premiumwill remain constant over the 10-year period. Which of the following is an example of fraud? 14 day waiting period / 10 year benefit period. A life insurance policy is hallowed ___ days upon policy delivery to return the policy for a full premium refund.. An order issued by the commissioner that prohibits a specific practice listed in the order is called a (n). Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio A producer has recently died and leaves behind a spouse. What is created after policy proceeds areobtained in a lump sum and then immediately invested? The standard grace period for a life insurance policy sold in Maryland is. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Which law do all insurers and their producers need to comply with? \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. Which of the following is Medicare Part B also known as? Under this plan a, Adoption of a child (an uninsured, eligible employee who acquires a new dependent through marriage, birth, or adoption may qualify for special enrollment in a small employer's health benefit plan). Introducing Cram Folders! Level premium permanent insurance accumulates a reserve that will eventually, Ambiguities in an insurance policy are always resolved in favor of the, Chapter 11 Exam - New Jersey Laws and Rules, Life Insurance Policies - Provisions, Options, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Daniel F Viele, David H Marshall, Wayne W McManus. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? A. In Maryland, a Producer may have his/her license revoked for which of the following acts? A non-contributory health insurance plan helps the insurer avoid, An employee under a group insurance policy has the right to name a beneficiary and the right to, A) remain on the group in the event of employment termination, D) Convert to an individual policy in the event of employment termination, D) Convert to an individual policy in the event of employment termination, All of the following are Characteristics of a group life insurance plan EXCEPT, Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period? A life policy loan in Maryland cannot charge a fixed rate of interest higher than: A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting, d.) Is not required to be licensed as a producer. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. An individual the means to replace wages. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. An individual can enroll in a Part C Medicare Advantage Plan at what time? What may be the result of replacing an existing life insurance policy with a new one? Which of the following is true concerning the proceeds of a life insurance policy? Afterwards, she deposits the check into her personal account. Atax-free 1035 Exchange of a life insurance policy to a different policy ispermitted if it occurs, A. Inthe same state as the original transaction, C. Frominsurer to insurer and no cash is received by the policy owner, D. Fromagent to agent as long as the agents are licensed in the same line. the exceptions, reductions, and limitations affecting the basic provisions of the policy, Any advertisement that mentions a dollar amount, period of time for which any benefit is payable, cost of policy, policy benefit, or the loss for which the benefit s is payable MUST disclose, All of the following is considered a form of advertising EXCEPT. A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. Duringthe accumulation period, who can surrender an annuity? Inwhich of the following situations would the insurer be liable for a loss? The prescription of a drug for treatments other than what's labeled is known as _____ use, Coverage for newborns under a health plan MUST include coverage for. The proceeds of this contract could be subject to the claims of. A producer's license may only be suspended or revoked if the producer, one or more diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital, Long-term care policies sold in Maryland may exclude coverage related to, The Life and health Guaranty Corporation provides funds to carry out its powers and duties by assessing, As of January 1, 2014, small group health insurance can be rated on the basis of, An individual covered under a Blue Cross Blue Shield plan is called a, An HMO that involves a partnership of physicians and other providers who practice out of a central facility is called a, Funding for Medicare Part B is partially provided by, Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility, MEWA (Multiple Employer Welfare Arrangement), Small employers who are sponsored by an insurer to provide group benefits to its employees are called. A. How long is her grace period? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. The statement which best describes the relationship between the relationship between the premiums of a whole life policy and the premium payment period is, The shorter the payment period, the higher the premium. If an insured dies during the grace period with no premiums paid.

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