C. Remain of their current coverage for 30 months. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. Whatwould be an expense factor in an insurance program? The standard grace period for a life insurance policy sold in Maryland is. EXECUTIVE SUMMARY. B. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. 1. What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? Which of the following statements is TRUE? Which of the following statements is TRUE? Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. What is created after policy proceeds areobtained in a lump sum and then immediately invested? One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. Whatis the primary reason for buying an annuity? Whatis the elimination period of an individual disability policy? Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. C. Careis only covered in a government facility, D. Careis only covered if primary care physician gives a referral, Theopen enrollment period for Medicare part B is, D. Generaltax revenue and user premiums. Producers must complete a total of ____ continuing education credits for each two-year licensing period. If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? It is health insurance for the elderly. By . Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. An amount the premium would have purchased at the correct age. 1. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? Which of the following is an example of fraud? Maria has committed what crime? Afterwards, she deposits the check into her personal account. 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? An individual life insurance policy can be contested by the insurer only during the first _________ years of the contract, An order issued by the commissioner that prohibits a specific practice listed in the order is called a. 59 and owned account for a minimum of 10 years, B. 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. 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. A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? The rider is called a(n), All if these are valid options for an adjustable life policy except, A non forfeiture option can be used to increase the death benefit. The premium for a Modified whole life policy is, How long is the Contestable Period for health insurance policies sold in New Jersey, An applicant intentionally lying to an insurance company on an application in order to obtain a cheaper premium is an example of. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? Which of the following is required for an insurer to conduct business in this state? A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. C. Funded by federal, state, and local taxes. Which scenario would most life insurance policies exclude coverage for? Determine whether the discriminant is positive, negative, or zero. The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Long-term care insurance and Medicare Supplement plans have a free-lock period of ______ days, A ______ insurance company is one that was formed under the laws of a state other than Maryland, they are both licensed in the same line of business, Two producers may share a commission ONLY if, Mary's Medicare Supplement policy had been in effect for 12 months. May 2020. assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). 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. Under a Traditional IRA, Interest earned istaxed. 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). 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. a producers secretary who solicits prospects on the telephone. D.) Intentionally violated state insurance laws. 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. Which of the following is considered a tax-deductible medical expenseunder this rule? Annuities are intended to create an estate. A licensed producer is required to file notice of any change of address within how many days? You have created 2 folders. D. Administered by the federal government. Ahealth care provider claim may be settled using which of the following paymentmethods? Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. Engaged in a fraudulent insurance practices. In the advertising of Individual Life Insurance policies, an "introductory" or "special enrollment" may not be made available until any previous enrollment period for the same policy has been closed for at least how long? Whichphase is this annuity in? Which of the following is NOT a required provision in an accident and health insurance policy? A beneficiary has just received a claim payment for a life insurance policy. A. Doctormay charge up to a maximum of 15% more than Medicare pays for the service, B. Doctoris not bound by Medicare limitations on charge, C. Doctorcannot charge more than Medicares scheduled coverage, D. Doctor bills the Medicare beneficiary directlyfor services performed, A. Alwaysrequires service in a network, B. Providesa greater choice of providers, C. Alwaysrequires a referral to specialists. Which of the following is the likely result? Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? In the event of the employment termination, group health insurance can be kept if the EMPLOYEE pays the premiums, A health insurer must be provided with written proof of loss _____ days after the date of loss, A producer must notify the Commissioner within _____ days of a felony conviction. Because dividends are considered to be a return of premium. Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. Which of these if NOT considered a form of life insurance advertisement? The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? With a past due premium of $100, the insurer pays $400. An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. d. A covered employee if terminated for grossmisconduct. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ Providing claim payments to insureds under the guidelines of the insurance contract. A. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ B.Change must be initialed by the applicant. 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 _____. C. Normally graded over a period of 20 years. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. a producers secretary who solicits prospects on the telephone. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. audio not yet available for this language. Their offer/administration. An insurance producer is issued a _____ as evidence of authority. Mikehas inherited his fathers traditional IRA. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Using derogatory statements about an insurance company's financial condition. How many days notice must the Commissioner give prior to a hearing? Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ What happens to interest earned if the annuitant dies before the payout start date? Which option was chosen? B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? An insurer may pay a commission in which of the following scenarios? Which of the following is NOT a federal requirement of a qualified plan? What happens to coverage under a children's term rider when that child reaches a certain specified age? . B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. 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. An insurer formed according to the legal requirements of another country is called an. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . She paid the premium on May 15 with the policy indicating the effective date being May 30. Premium mode is a term used to describe the, A newborn is required to be covered for _____ days from the moment of birth, A clause that allows an insurer the right to terminate coverage at any anniversary date is called. & \text{Balance}& \text{Balance} & \\ Whichof these will have the highest monthly payout upon Annuitization? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay, Paul is an employee who caught a disease unique to the trade in which he was exposed to. It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Which of the following does Medicare Part D cover? Which of the following is NOT part of an insurance contact? When are group disability benefits considered to be tax-free to the insured? A. 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. Re: Acting as insurance producer without a license Questions Presented 1. Which of the following may be used as continuation education credit? Bob dies 12 months later. \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ a producers secretary who solicits prospects on the telephone. Whichscenario would most life insurance policies exclude coverage for? Which of the following basics is a producer's fiduciary responsibility? Pay for Medicare charges exceeding the approvedamount. Which of the following is Medicare Part B also known as? What will the beneficiary receive if an annuitant dies during the accumulation period? Which of the following statements is TRUE about Medicaid? 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. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. a producers secretary who solicits prospects on the telephone 12. B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. Which of the following situations would be suitable for a temporary work authority? Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) The right-to-examine period in Maryland for long-Term Care polices is ___ days. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. The proceeds of this contract could be subject to the claims of. His policy may be reinstated at any time within _____ years. B. Gainsare tax exempt at distribution. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? June 24, 2022 . Replacement regulation is designed to protect the interests of, A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT cancel the policy is called. Howdo interest earnings accumulate in a deferred annuity? At what age does the open enrollment period typically begin for Medicare Supplement coverage? June 5, 2022 . a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. A whole life policy option where extended term insurance is selected is called a(n). c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Her health policy most likely contains a(n). Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? How much does Medicare Part B pay for physician fees? Producing an inadequate amount of new premium. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? D. The face amount and premium will remain constantover the 10-year period. 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. A master contract and certificate of coverage can be found in which type of policy? How soon can the benefit payments begin with a deferred annuity? Benefits for a Medicare Supplement policy. b. Pat the client interest on any monies held. _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Commissioner may impose an administrative penalty. HIPPA considers which of the following as "individually identifiable health information"? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ Who is the individual paid on a fee-for-service basis? Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. Eventually, they retire and dissolve the business. Which of the following is NOT a common exclusion for a medical expense policy? Find out how you can intelligently organize your Flashcards. a producers secretary who solicits prospects on the telephone. licensed producers not appointed by an insurer. Tim's individual life insurance policy has just recently lapsed. A newborn is required to be covered for ______ days from the moment of birth. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Who would be responsible for the prosecution of this crime? 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. {"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"}}. AMaryland insurance producer solicits an insurance policy. An insurance company needs to obtain personal information from a third party concerning an applicant. what happened to amy bailey happy healthy humble . Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. What kind of insurance provides coverage for one or more necessary or appropriate diagnostic, preventative, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital? B.) Bob and Tom start a business. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? 59 and owned account for a minimum of 5 years, C. 70 and owned account for a minimum of 10 years, D. 70 and owned account for a minimum of 5 years, A. Cancelingdisability policy to buy a term life policy, B. Cancelinga term life policy to buy a whole life policy, C. Cancelinga long-term care policy to buy a whole life policy, D. Cancelinga whole life policy to buy a major medical policy. The policies continue in force with no change. B. Recieve a tax credit to help offset the cost of health insurance. How many months can a life insurance policy normally be backdated from the date of application? Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. Collecting a chargefor insurance that is less than the charge applicable to that insurance. To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. This is called a. 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. Registered for the state insurance examination. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? 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). 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. Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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 these will typically authorize treatment from a specialist? A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? 1. What happens to the coverage under a children's term rider when that child reaches a certain specified age? D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. Julie has a $100,000 30-year mortgage on her new home. A doctor who accepts Medicare Assignment agrees to which of the following? Which of these statements about Medicaid iscorrect? The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. c. Solve the equation f(x)=0, if possible. a producers secretary who solicits prospects on the telephone. A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Who is required to notify the producer in the event of appointment termination?
Ketu Represents Which Animal, Articles A
Ketu Represents Which Animal, Articles A