a producers secretary who solicits prospects on the telephone
Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. 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. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. a producers secretary who solicits prospects on the telephone. Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? An individual the means to replace wages. Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? Tara the producer is delivering a specified disease insurance policy to a new policyowner. 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? Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Which of these is NOT considered to be a risk factor in life insurance underwriting? How often must an insurance producer's license in Maryland be renewed? a producers secretary who solicits prospects on the telephone. This is called a. 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. A. The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. A doctor who accepts Medicare Assignment agrees to which of the following? Allof these are considered key factor in underwriting life insurance EXCEPT, Anapplicant intentionally lying to an insurance company on an application inorder to obtain a cheaper premium is an example of. XZY company has applied for group health insurance for its employees. Pat is insured with a life insurance policy and Karen is his primary beneficiary. a producers secretary who solicits prospects on the telephone. 59 and owned account for a minimum of 10 years, B. A. Howare annuities given favorable tax treatment? 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? Pierre the producer receives a premium for an individual health insurance policy. Which rider would pay a monthly amount because of this disability? A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? 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. a. Mustmeet certain underwriting guidelines. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? 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. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? 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Which of the following would be the appropriate tax consequence? What is the primary purpose of a rating service company such as A.M. Best? Ahealth care provider claim may be settled using which of the following paymentmethods? Which of the following is an example of defamation? One of. During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. HIPPA considers which of the following as "individually identifiable health information"? Tim's individual life insurance policy has just recently lapsed. What does the word "level" in Level Term describe? 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? Changing from one occupation to another at the same general status is called _____. In a group health care, what is the purpose of the coordination of benefits provision? 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? Which of the following is true concerning the proceeds of a life insurance policy? 1. Why are dividends from a mutual insurer not subject to taxation? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. How long is the Contestable period for health insurance policies sold in Maryland? Which of the following is NOT part of an insurance contact? Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? 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? Whichtype of life insurance is normally associated with a payor benefit rider? EXECUTIVE SUMMARY. Reggie purchased a life insurance policy with a face amount of $500,000. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. Which of the following is NOT a common exclusion for a medical expense policy? If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Bob dies 12 months later. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. How long must an individual be unable to engage in any gainful activity due physical or mental disability in order to qualify for Social Security Total Disability? A _______ company is owned by its shareholders, The ___________ has the right to renew a small employer health plan, providing incorrect, misleading, incomplete, or materially untrue information in the license application, A producer who is licensed in Maryland but resident in another state is called a, A minor may receive a life insurance policy's death benefit ONLY, Interest on death benefits are NOT required to be paid by an insurance company as long as proceeds are paid within ______ after the date of the death of the insured, Submit to the replacing insurer a list of the policies to be replaced. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. D. Administered by the federal government. For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) She paid the premium on May 15 with the policy indicating the effective date being May 30. 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. Hill during her initial calls made to the call center. . What would be an expense factor in a insurance program? May 2020. 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. Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. A separate converted policy may, at the option of the insurance company, be issued to cover an. who would be responsible for the prosecution of this crime? A producer has recently died and leaves behind a spouse. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. Complete the sentence using each term once. Which of these if NOT considered to be a purpose of an annuity? June 5, 2022 . a producers secretary who solicits prospects on the telephone 12. She would like to borrow $15,000 against the cash value. The coverage, condition, and limitations in the master policy of a group contract can be found in which document? In what part of insurance policy benefits found? A producer who sells an individual life insurance policy in Maryland MUST deliver to the policyowner a, Refusing to pay persons bringing false or fraudulent claims, All of these may be an Unfair Claims Practice EXCEPT, is eligible for a Federal tax credit through the SHOP Exchange, An existing health benefit plan offered by a small employer may be replaced by a SHOP Exchange Navigator only if the small employer, An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A producer has recently died and leaves behind a spouse. An individual who has a hobby racing cars once a month. When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? a. Her health policy most likely contains a(n). Whatdoes the word Level in level term describe? Craig submits a $500 claim for medical expenses. An accident and health policy that provides reimbursement benefits makes them payable to the, A separate converted policy may, at the option of the insurance company, be issued to cover a, Dental treatment is needed to repair an injury. d. A covered employee if terminated for grossmisconduct. 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. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. 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. As beneficiary, he will pay ____ taxes on any money withdrawn. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. D. The face amount and premiumwill remain constant over the 10-year period. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? 5511. A licensed producer is required to file notice of any change of address within how many days? a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application Because dividends are considered to be a return of premium. Adoctor who accepts Medicare Assignment agree to which of the following ? Temporarily Deposit the funds in a personal account. How many employees must an employer have for a terminated employee to be eligible for COBRA? How long after its effective date will an individual life insurance policy become incontestable? 1. The death benefit paid will be what the premium would have purchased at the correct age. When does a life insurance policy typically become effective? 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. 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. Collecting a chargefor insurance that is less than the charge applicable to that insurance. Whathappens when an insurance policy is backdated? a producers secretary who solicits prospects on the telephone. Which of the following is NOT a federal requirement of a qualified plan? 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. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. In Maryland, a producer may have his/her license revoked for which of the following acts? Which of the following is NOT considered to be an actof fraud? It is health insurance for the elderly. Which of the following is NOT information found in a life insurance buyer's guide? After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Elizabethis the beneficiary of a life insurance policy. Afterwards, she deposits the check into her personal account. b. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. D. Willfullycollecting a premium that exceeds the amount of the actual premium. 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. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ 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. Prospective producer who is waiting to take the state examination. 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. Duringthe accumulation period, who can surrender an annuity? Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. ABC Corporation has a group life insurance policy that covers its employees and their dependent children.
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