a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone

Which of the following is NOT part of an insurance contact? What is the purpose of having an accelerated death benefit on a life insurance policy? To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Whichof the following is a requirement for ANY change in an insurance application? 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. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Which of the following is NOT considered to be an act of fraud? Re: Acting as insurance producer without a license Questions Presented 1. Which type of contract may NOT be issued by an insurance company? d. A covered employee if terminated for grossmisconduct. Afterwards, she deposits the check into her personal checking account. Which of these if NOT considered to be a purpose of an annuity? How many employees must an employer have for a terminated employee to be eligible for COBRA? 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. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? By Posted browning 725 pro sporting canada At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Advertising material for a life insurance policy does NOT need to contain which of the following? A beneficiary has just received a claim payment for a life insurance policy. Commissioner may impose an administrative penalty. 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). Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? 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? An insurance producer is issued a _____ as evidence of authority. A term life insurance policy is what most people think of when they think about life insurance. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? A newborn is required to be covered for ______ days from the moment of birth. An attending physician's statement would be appropriate for which life insurance purpose? Which of the following is NOT required in an order from the Commissioner? Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? 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. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. 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 law do all insurers and their producers need to comply with? Tara the producer is delivering a specified disease insurance policy to a new policyowner. The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. 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. The type of annuity she is seeking is called? How long is her grace period? (p^1p^2). By . A closed network plan offers a primary physician copay of $25. Which of these statements is true? Which of the following is TRUE regarding the federal income tax? 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 A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Unders Insurance companies look at a number of factors when it comes to setting premiums for a particular company. 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. Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. 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. In which of the following relationship would there NOT be an insurable interest? \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ Submit to the replacing insurer a list of the policies to be replaced. Which of these if NOT considered a form of life insurance advertisement? If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Whatis the elimination period of an individual disability policy? A. Collecting a chargefor insurance that is less than the charge applicable to that insurance. 59 and owned account for a minimum of 10 years, B. A. Whendoes a life insurance policy typically become effective? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. 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. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Which of the following would have the HIGHEST premium? A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Howdoes one become eligible for part D: Prescription Drug Coverage? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| June 24, 2022 . cuanto gana un pintor de autos en estados unidos . Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? A Medicare Supplement policy may exclude coverage fora preexisting condition for up to __months. Registered for the state insurance examination. B. Recieve a tax credit to help offset the cost of health insurance. \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ In event of acontroversy between the insured and the company, the producer is considered to representthe. The ________ has the right to renew a small employer health plan. Which of the following is CORRECT regarding the death benefit amount. 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. Which of the following would be the appropriate tax consequence? Afterwards, she deposits the check into her personal account. In New Jersey, group health insurance may be offered to all of these groups EXCEPT. She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. Mark continues working after the age of 65 and is covered through his employer's group health plan. This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. 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? Maria has committed what crime? 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? 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 NOT a duty of the Commissioner? Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. 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. HIPPA considers which of the following as "individually identifiable health information"? Net death benefit will be reduced if the loan is not repaid. An insurer may pay a commission in which of the following scenarios? Which of the following is the likely result? Which of these riders will pay a death benefit if the insured's spouse dies? 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. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Any decrease in income resulting from this injury would make him eligible for benefits under which provision? Pay for Medicare charges exceeding the approvedamount. The Premium for a Modified whole life policy is: A. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. We'll bring you back here when you are done. 5511. B. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". a producer's secretary who solicits prospects on the telephone. With a past due premium of $100, the insurer pays $400. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Howare annuities given favorable tax treatment? B. Whenthe application is collected and policy is issued, C. Whenthe application is completed and signed, D. Whenthe completed application is signed and initial premium is collected. What happens to interest earned if the annuitant dies before the payout start date? 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. An error was made on Erica's life insurance application. 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. b. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Which of the following is Medicare Part B also known as? How often must an insurance producer's license in Maryland be renewed? D. Licensedproducers not appointed by an insurer. An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. Which of the following is an example of fraud? All of these are standard exclusions found in a life insurance policy 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. A debtor may receive Credit Life insurance in which of the following forms? Who is required to notify the producer in the event of appointment termination? & \text{Balance}& \text{Balance} & \\ This change is called a(n). Because dividends are considered to be a return of premium. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. The producer decides not to respond. 1. What happens to the coverage under a children's term rider when that child reaches a certain specified age? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Whoassumes the investment risk with a fixed annuity contract? Within how many days must a producer notify the Department of Banking and Insurance of a change in address? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ What amount will be paid under a policy where the insured misstated his/her age? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. B.) Which of the following is NOT a circumstance to which a temporary producer license can be issued? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Benefits for a Medicare Supplement policy. The legal action provision in a health contract is limited to no more than ___ years. Both May and John are injured. Both partners are still married at the time of Bob's death. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. 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. 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. Complete the sentence using each term once. Term, Whole, and universal lifeinsurance. The names of the insurance companies represented by the producer. Employee must be able to make unlimited contributions. 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.