a producers secretary who solicits prospects on the telephone

Which military service exclusion clause would pay upon his death? The entity which issues the certificate of authority is the, A policyowner has _____ days after policy delivery to return a major medical policy for a full refund, make any transactions before being approved for a licence, counsels and advises the Governor on all matters assigned to the Maryland Insurance Administration, A Maryland insurance producer solicits an insurance policy. b. Pat the client interest on any monies held. 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. 14 day waiting period / 10 year benefit period. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? An annuitant is guaranteed to NOT outlive their benefits will a(n). Who regulates the quality care provided by a health maintenance organization (HMO)? Changing from one occupation to another at the same general status is called _____. Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? D. The face amount and premium will remain constantover the 10-year period. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. In which of the following relationship would there NOT be an insurable interest? (p^1p^2). In New Jersey, group health insurance may be offered to all of these groups EXCEPT. Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? _____ 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. 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. This is called a. Introducing Cram Folders! Over the course of a year, which premium payment mode is most expensive? An agent is required to keep replacement forms on file for at LEAST _____ years, When a Medicare supplement policy is purchased during the open enrollment period, The policy must be issued regardless of health status, Have it's content approved by the Insurance Commissioner. Kathysannuity is currently experiencing tax-deferred growth until she retires. Ahealth care provider claim may be settled using which of the following paymentmethods? C) Unintentionally misrepresented a material fact on the application. Using derogatory statements about an insurance company's financial condition. How often must an insurance producer's license in Maryland be renewed? She would like to borrow $15,000 against the cash value. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Which of the following would be considered a "dependent child"? Which of the following must be included in the advertisement? 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. Provides the insured a specific dollar amount for services, An example of an unfair method of competition is, Overstating the benefits of an insurance policy, A pharmacy benefit covers prescription drugs derived from a list called, The type of policy which pays on the death of the last person is called, Converting a group plan to permanent life insurance requires, The conversion being applied for within 31 days of termination, Ownership of a life insurance policy may be temporarily transferred with a(n). C.) Unintentionally misrepresented a material fact on the application. Whoassumes the investment risk with a fixed annuity contract? An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. is one of the oldest and best known of all Barbadian funeral establishments. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? An insurer formed according to the legal requirements of another country is called an. Both partners are still married at the time of Bob's death. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. This illustration MUST disclose that. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? 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 _____. Because dividends are considered to be a return of premium. Which of the following actions by a producer would NOT result in a license suspension or revocation? It is health insurance for the elderly. Registered for the state insurance examination. This is an unlawful practice known as, must be delivered with or prior to policy delivery. 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 these will typically authorize treatment from a specialist? Whatis the elimination period of an individual disability policy? What is the purpose of having an accelerated death benefit on a life insurance policy? In the event of a controversy between the insured and the company, the producer is considered to represent the, A life policy loan in Maryland cannot charge a fixed rate of interest higher than, The Food and Drug Administration approves prescription drugs for treatment as stated on the drug's labeling. Which of these is NOT considered to be a risk factor in life insurance underwriting? 1. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. Which of the following is NOT considered to be an act of fraud? How often must an insurance producer's license in Maryland be renewed? Former dependent of employee no longer ofdependent status. Which of the following is Medicare Part B also known as? The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Afterwards, she deposits the check into her personal checking account. All Medicare Supplement policies MUST contain which provision? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. Which of the following would be the appropriate tax consequence? c. Travel accidental insurance premiums. 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 enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? She recently replaced the policy with a new one that provides better coverage. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which option was chosen? The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. 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. The type of annuity she is seeking is called? 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. 1. D.) By providing consumer credit counseling. Pierre the producer receives a premium for an individual health insurance policy. The names of the insurance companies represented by the producer. She paid the premium on May 15 with the policy indicating the effective date being May 30. 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. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? What is the primary purpose of a rating service company such as A.M. Best? How much does Medicare Part B pay for physician fees? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? An amount the premium would have purchased at the correct age. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Benefits for a Medicare Supplement policy. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. In event of acontroversy between the insured and the company, the producer is considered to representthe. Which of these describes the change that will take place?A) Coordination of benefitsB) ConversionC) Extension of benefitsD) Rollover, Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.A) policyB) certificateC) applicationD) rider. A life insurance replacement gives the policyowner the right to return the policy for a 100% refund within _____ days of policy delivery, A producer MUST maintain insurance transaction records for a minimum of ____ years. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Claims for a Long-Term Care policy MUST be paid for which of the following conditions? 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. \\ {"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"}}. Which of the following is an example of defamation? In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. 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? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. The standard grace period for a life insurance policy sold in Maryland is. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. Which of these will typically authorize treatment from a specialist? The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. A licensed producer is required to file notice of any change of address within how many days? Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? by . If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. 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. Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. Which type of contract may NOT be issued by an insurance company? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. HIPPA considers which of the following as "individually identifiable health information"? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Whichphase is this annuity in? 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. We weren't able to detect the audio language on your flashcards. 1. When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? 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. A producer has recently died and leaves behind a spouse. 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. A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? The two plans are fee-for-service and. These rights are called, A producer who intentionally makes an untrue or incomplete statement in the course of an insurance transaction may be guilty of. A Long-Term Care policy may only exclude pre-existing conditions for up to _____ months, The identity of the ____ must be made clear in every health insurance advertisement, _______________ is the authority given to a producer to sell, solicit, or negotiate insurance on behalf of the insurer, Pre-existing conditions may only be excluded from coverage for a maximum of 6 months. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? Which of the following is the likely result? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. The legal action provision in a health contract is limited to no more than ___ years. Add to folder a. Mustmeet certain underwriting guidelines. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? How much does Medicare Part B pay forphysician fees? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? 1. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Howdo interest earnings accumulate in a deferred annuity? assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Whichmarket index is normally associated with an indexed annuitys rate of return? An attending physician's statement would be appropriate for which life insurance purpose? How long is her grace period? In Maryland, a producer may have his/her license revoked for which of the following acts? A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). Which of the following is CORRECT regarding the death benefit amount. visas, binomial trials. A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. With a past due premium of $100, the insurer pays $400. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. B. Recieve a tax credit to help offset the cost of health insurance. 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. Which of the following is NOT a circumstance to which a temporary producer license can be issued? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Which of these is likely to occur when life or health insurance is being applied for? Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. Healthinsurance will typically cover which of the following perils? Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? June 5, 2022 . a producer's secretary who solicits prospects on the telephone. An individual who has a hobby racing cars once a month. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. B.) B. C. Protects consumers with guidelines regarding creditreporting and distribution. What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? d. Individual disability income insurance premiums. 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| The right-to-examine period in Maryland for long-Term Care polices is ___ days. 1. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? 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. 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. Paul has a (n), Failingto Promptly provide a reasonable explanation for the denial of a claim is conservedto be a(n), AnHMO that involves a partnership of physicians and other providers who practiceout of a central facility is called a(n), Smallemployers who are spooned by an insurer to provider group benefits to itsemployees are called. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. What is issued to each employee of an employerhealth plan? Which of the following is Medicare Part B also known as? A. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. 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 60 This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. Whendoes a life insurance policy typically become effective? Whichscenario would most life insurance policies exclude coverage for? Mikehas inherited his fathers traditional IRA. A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . Which entity is responsible for processing insurance advertising in New Jersey? When an applicant passes a licensing examination and answers all background questions negatively. Must be bonded through the state. a producers secretary who solicits prospects on the telephone. A. You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. If she dies 15 years after the policy's inception date, how much will her beneficiary receive? Who would make the final determination on whether or not an insurance advertisement is misleading? The Healthcare Insurance Exchange offers plans for everyone. How many employees must an employer have for a terminated employee to be eligible for COBRA? 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. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ Whatis the purpose of the medical information Bureau (MIB)? To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. Jim recently sold his whole life insurance policy under a critical settlement contract. To be classified as a small employer, an employer mustNOT have more than__ eligible employees. b. A. Find out how you can intelligently organize your Flashcards. Duringthe accumulation period, who can surrender an annuity? One of. Within how many days must a producerreport to the commissioner any administrative actions made against him/her? 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. June 24, 2022 . Engaged in a fraudulent insurance practices. The face amount will remain constant and thepremium will increase over the 10-year period, C. The Premium will remain constant and the faceamount will increase over the 10-year period. 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. If a producer has been engaged in an administrative action by any governmental agency, within how many days following the final deposition must the producer report the action to the Commissioner? 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. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? All of these are standard exclusions found in a life insurance policy EXCEPT. Whathappens when an insurance policy is backdated?

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