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

Submit to the replacing insurer a list of the policies to be replaced. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Which of these premium payment frequencies is not typically available to a policy owner? Within how many days must a producerreport to the commissioner any administrative actions made against him/her? This type of agreement is called an. The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? 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 is payable MUST disclose. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. The Commissioner issues a subpoena to a producer. The coverage, condition, and limitations in the master policy of a group contract can be found in which document? For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) Which of the following is NOT a federal requirement of a qualified plan? Which of the following is NOT part of an insurance contract? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. Life insurance policies will. What is this an example of? Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? Whowere Keogh Plans designed to provide pension benefits for? AMaryland insurance producer solicits an insurance policy. 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. We'll bring you back here when you are done. 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. 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. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Both partners are still married at the time of Bob's death. Which of these if NOT considered a form of life insurance advertisement? The standard grace period for a life insurance policy sold in Maryland is. They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: [email protected] 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. 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). To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Maria would like an annuity that provides a guaranteed accumulation or payout. We weren't able to detect the audio language on your flashcards. In the event of employment termination, group insurance can be kept if the employee pays the premiums. What is the purpose of the Medical Information Bureau (MIB)? Unit 4 Assign Rubric Impact of Colonial Experience (2).pdf, 0B1FC21B-547A-410E-8D8F-64E2A8C35084.jpeg, My Path Assessment Editor _ WorldQuant University.pdf, Oral liquid 50 microgramsml Tablet 625 micrograms 250 micrograms epinephrine, spirit its source is what constitutes religion This can be traced to the, Write in a brief description for the bubbles with underlined words 2 Choose a, BUS 1021 Organizational Behavior (OB) Consulting Assignment.edited11.docx, lOMoARcPSD11771818 True or False The above plot shows clear evidence that the, 2 Non tariff barriers which are further classified into two categories a, CTS115 - Chapter 5 - Case Study - Denial of Service -Moss.docx, The fallacy described as a red herring is most similar to a False cause b, Copy of Algebra Unit 2, Concepts 1, 2, 3.pdf, The model is used to describe the interaction of external forces that affect an, EVM Presentation - Project Management .pptx, What is the shape usually used to refer to the curve that illustrates. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Prospective producer who is waiting to take the state examination. By . 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? With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which option was chosen? Their offer/administration. What happens to interest earned if the annuitant dies before the payout start date? Medical history from the insured may be reviewed and reported, If an insurer receives a notice of claim under an individual health policy, and fails to provide proof of loss forms within 15 days, the insured must, File a written proof of loss, detailing the occurrence, character and extent of loss. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. 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 attending physician's statement would be appropriate for which life insurance purpose? Which of thesestatements is true? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. 2.1.1 6 Whole life Insurance in Malaysia 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. 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. 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. \\ It would be considered taxable income to the employee. How to take legal action against an insurance company. What would be an expense factor in a insurance program? This is an unlawful practice known as, must be delivered with or prior to policy delivery. 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. a producer's secretary who solicits prospects on the telephone. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? A beneficiary has just received a claim payment for a life insurance policy. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. A term life insurance policy is what most people think of when they think about life insurance. . Percent frequency distribution for key variables. Who is required to notify the producer in the event of appointment termination? Add to folder If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? Which of these is NOT a characteristic of the Accelerated Death Benefit option? How long is her grace period? By Posted browning 725 pro sporting canada Which of these statements about Medicaid iscorrect? Alimited payment whole life policy provides. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. An insurance producer who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of, An ____ _____ sells, solicits, or negotiates insurance contracts for compensation, All of these activities require an individual to hold a producer's license EXCEPT, Jim recently sold his whole life insurance policy under a viatical settlement contract. a producers secretary who solicits prospects on the telephone. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? An insurance producer is issued a _____ as evidence of authority. licensed producers not appointed by an insurer. Why are dividends from a mutual insurer not subject to taxation? To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. Who is the individual paid on a fee-for-service basis? Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. Which of the following is NOT a qualification to be licensed as a producer? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. The law that established insurance transactions regulated by the states is called. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? James is the insured on a life insurance policy where his age was misstated on the application. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. 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. Whendoes a life insurance policy typically become effective? 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? A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? EXECUTIVE SUMMARY. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Using derogatory statements about an insurance company's financial condition. Hill during her initial calls made to the call center. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? 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. 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. Employee must be able to make unlimited contributions. 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. Which of these is likely to occur when life or health insurance is being applied for? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? No federal income tax is owed on life insurance proceeds, A non-contributory health insurance plan helps the insurer avoid, States that have "no loss no gain" laws require a replacing policy to, Pay for ongoing claims under the policy it replaces. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? All Medicare Supplement policies MUST contain which provision? 1. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. As beneficiary, he will pay ____ taxes on any money withdrawn. B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. Find out how you can intelligently organize your Flashcards. a producers secretary who solicits prospects on the telephone. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? Underthe Maryland health insurance plan, comprehensive health benefits are providedto. A master contract and certificate of coverage can be found in which type of policy? visas, binomial trials. The names of the insurance companies represented by the producer. assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ 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. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. This rider is called a(n). At minimum, a carrier is required to offer which of the following health benefit plans to small employers? A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? 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. Which of the following is NOT part of an insurance contact? The policyholder for a group health benefit plan is considered to be the, A Medicare Supplement policy can be cancelled by the insurer for, As of January 1, 2007, producer's license expires, Every two years on the last day of the producer's birth month, An insurer has the right to recover payment made to the insured from the negligent party. 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. An annuitant is guaranteed to NOT outlive their benefits will a(n). What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. The death benefit paid will be what the premium would have purchased at the correct age. How many employees must an employer have for a terminated employee to be eligible for COBRA? June 24, 2022 . 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? 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. d. A covered employee if terminated for grossmisconduct. What does the Group Life underwriting risk selection process help protect insurance companies from? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. What is the primary purpose of a rating service company such as A.M. Best? Which type of life insurance policy is this? Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Term, Whole, and universal lifeinsurance. An error was made on Erica's life insurance application. Mary ran into John, another employee, who happened to be taking outthe garbage. Craig submits a $500 claim for medical expenses. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Whichof these benefit options would he choose? What amount will be paid under a policy where the insured misstated his/her age? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. A doctor who accepts Medicare Assignment agrees to which of the following? A producer may be disciplined by the Commissioner for which of the following actions? 5511. Who would most likely be coveredunder Workers Compensation? Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. An individual can enroll in a Part C Medicare Advantage Plan at what time? All of these are standard exclusions found in a life insurance policy EXCEPT. Introducing Cram Folders! Producers must complete a total of ____ continuing education credits for each two-year licensing period. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: Former dependent of employee no longer ofdependent status. Financial report from the previous year. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? 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. Find out how you can intelligently organize your Flashcards. Which of the following is typically NOT eligible for coverage in a group health policy? Which of the following is an example of defamation? Pierre the producer receives a premium for an individual health insurance policy. Which type of contract may NOT be issued by an insurance company? Which of the following is NOT a required provision in an accident and health insurance policy? The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. Which of these will typically authorize treatment from a specialist? What may be the result of replacing an existing life insurance policy with a new one? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Eventually, they retire and dissolve the business. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ What happens to coverage under a children's term rider when that child reaches a certain specified age? To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Which of the following is considered a tax-deductible medical expenseunder this rule? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. Whatis the purpose of the medical information Bureau (MIB)? 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. A. 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. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution.