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

D. Adjustable, permanent, and limited-pay lifeinsurance. Which of the following does Medicare Part D cover? Kathysannuity is currently experiencing tax-deferred growth until she retires. . Craig submits a $500 claim for medical expenses. Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Financial report from the previous year. The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. Her health policy most likely contains a(n). To be classified as a small employer, an employer mustNOT have more than__ eligible employees. In Maryland, a Producer may have his/her license revoked for which of the following acts? \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador Both May and John are injured. What is the contract called that is issued to an employer for a Group Medical Insurance plan? 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. An attending physician's statement would be appropriate for which life insurance purpose? D. Administered by the federal government. Claims for a Long-Term Care policy MUST be paid for which of the following conditions? What is issued to each employee of an employerhealth plan? 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. Their offer/administration. who would be responsible for the prosecution of this crime? Which of these if NOT considered a form of life insurance advertisement? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ A Medicare Supplement policy may exclude coverage fora preexisting condition for up to __months. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. A. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Which of the following is the likely result? 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 _____. A minimum of 12 months after date of purchase. \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ Which of these premium payment frequencies is not typically available to a policy owner? 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 situation accurately describes a reduced paid-up nonforfeiture option? 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. Registered for the state insurance examination. June 24, 2022 . Kurt is an active duty serviceman who was recently killed in an accident while home on leave. 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. In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, C. Remain of their current coverage for 30 months. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) There are several types of whole life insurance that are as follow:- Which of the following is an example of defamation? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Course Hero is not sponsored or endorsed by any college or university. She paid the premium on May 15 with the policy indicating the effective date being May 30. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? 59 and owned account for a minimum of 10 years, B. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. 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. At what age does the open enrollment period typically begin for Medicare Supplement coverage? Pierre MUST remit the premium to his insurer within ___ business days of receipt. How long is the Contestable period for health insurance policies sold in Maryland? The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. Whatdoes the word Level in level term describe? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". The producer decides not to respond. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? Shirley has a $500,000 10-year non-renewable level term life policy. One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. 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? Proceeds payable under a life insurance contract to a policyowner in anticipation of death or upon the occurrence of specified life-threatening conditions as defined by the policy are best described as: A temporary producer license in Maryland is valid for up to. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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). The right-to-examine period in Maryland for long-Term Care polices is ___ days. EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is, All of the following are core benefits of Medicare Supplement Plan A EXCEPT, Deductible payments for the first 60 days of hospitalization under Medicare hospitalization under Medicare hospitalization insurance, Statements made by an insurance applicant on an application are considered to be. A. 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. C.) Unintentionally misrepresented a material fact on the application. How many employees must an employer have for a terminated employee to be eligible for COBRA? 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 An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. 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. 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? 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. 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. This is an unlawful practice known as, must be delivered with or prior to policy delivery. 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. What happens to coverage under a children's term rider when that child reaches a certain specified age? Howdo interest earnings accumulate in a deferred annuity? Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Which of the following topics needs to be discussed with this client? D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. This type of agreement is called an. The taxable portion of each annuity payment is calculated using which method? In New Jersey, group health insurance may be offered to all of these groups EXCEPT. Which disability policy provision would address any concerns of the value of the benefits decreasing over time? 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. 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. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Term, Whole, and universal lifeinsurance. A producer may be disciplined by the Commissioner for which of the following actions? \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? What may be the result of replacing an existing life insurance policy with a new one? 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. An insurance producer is issued a _____ as evidence of authority. a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. A beneficiary has just received a claim payment for a life insurance policy. 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. An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. 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 life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. D. The face amount and premiumwill remain constant over the 10-year period. Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. When initial premium is collected and policy is issued. Whichmarket index is normally associated with an indexed annuitys rate of return? HIPPA considers which of the following as "individually identifiable health information"? If an insured dies during the grace period with no premiums paid. As of January 1, 2014, small group health insurance can be rated on the basis of. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. A licensed producer is required to file notice of any change of address within how many days? A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? What happens to interest earned if the annuitant dies before the payout start date? Whichof these will have the highest monthly payout upon Annuitization? C) Unintentionally misrepresented a material fact on the application. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? 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. To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? 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? Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Tara the producer is delivering a specified disease insurance policy to a new policyowner. cuanto gana un pintor de autos en estados unidos . \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ What happens to the coverage under a children's term rider when that child reaches a certain specified age? Which of the following would have the HIGHEST premium? 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. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). Determine whether there are 0,1 , or 2 real solutions to f(x)=0. Find out how you can intelligently organize your Flashcards. She may reinstate her policy within _____ years. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Which of the following statements is TRUE? 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). We'll bring you back here when you are done. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. Sonya applied for a health insurance policy on April 1. 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. In event of acontroversy between the insured and the company, the producer is considered to representthe. Inwhich of the following situations would the insurer be liable for a loss? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. juin 5, 2022 . Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid, A producer who shares commissions with a client. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. 1. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. is one of the oldest and best known of all Barbadian funeral establishments. A producer's secretary who solicits prospects on the telephone Must be licensed as a producer Which of the following is a requirement for ANY change in an insurance application? Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Which of the following is NOT considered to be an act of fraud? Advertising material for a life insurance policy does NOT need to contain which of the following? Which type of life insurance policy is this? MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. Introducing Cram Folders! A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. May 2020. Former dependent of employee no longer ofdependent status. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? 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. How often must an insurance producer's license in Maryland be renewed? \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ A. C. Protects consumers with guidelines regarding creditreporting and distribution. Which of the following actions by a producer would NOT result in a license suspension or revocation? Maria has committed what crime? A debtor may receive Credit Life insurance in which of the following forms? ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. 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.) assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. Which option was chosen? Must be bonded through the state. We weren't able to detect the audio language on your flashcards. In the event of employment termination, group health insurance can be kept if the employee pays the premiums.