a producers secretary who solicits prospects on the telephone

Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Underthe Maryland health insurance plan, comprehensive health benefits are providedto. C. Remain of their current coverage for 30 months. An insurance company needs to obtain personal information from a third party concerning an applicant. a producers secretary who solicits prospects on the telephone. 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. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. B.Change must be initialed by the applicant. Ifan insurer refuses to pay a claim, how many days must the insured wait to takelegal action against a health insurer after submitting written proof of loss? D. The face amount and premium will remain constantover the 10-year period. 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. 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? Which option was chosen? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Shirley has a $500,000 10-year non-renewable level term life policy. By Posted browning 725 pro sporting canada Introducing Cram Folders! 5511. Afterwards, she deposits the check into her personal account. Duringthe accumulation period, who can surrender an annuity? A minimum of 12 months after date of purchase. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. Tara the producer is delivering a specified disease insurance policy to a new policyowner. 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. Mary ran into John, another employee, who happened to be taking outthe garbage. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. Kathysannuity is currently experiencing tax-deferred growth until she retires. A separate converted policy may, at the option of the insurance company, be issued to cover a (n). 1. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. \\ Reggie purchased a life insurance policy with a face amount of $500,000. Which of the following is the likely result? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application Which disability policy provision would address any concerns of the value of the benefits decreasing over time? Which type of life insurance policy is this? Using derogatory statements about an insurance company's financial condition. visas, binomial trials. Which of thesestatements is true? At what age does the open enrollment period typically begin for Medicare Supplement coverage? 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 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. A producer has recently died and leaves behind a spouse In order for When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? Which of the following may be used as continuation education credit? How often must an insurance producer's license in New Jersey be renewed? B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). In the event of employment termination, group health insurance can be kept if the employee pays the premiums. There are several types of whole life insurance that are as follow:- a producers secretary who solicits prospects on the telephone Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? What is issued to each employee of an employerhealth plan? In Maryland, a Producer may have his/her license revoked for which of the following acts? Which of the following is a reinstatement condition? 1. The proceeds of this contract could be subject to the claims of. a producer's secretary who solicits prospects on the telephone. Whichtype of injury would NOT be covered under a health insurance policy? d. A covered employee if terminated for grossmisconduct. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Both partners are still married at the time of Bob's death. pain between 4th and 5th metatarsal. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. Elizabethis the beneficiary of a life insurance policy. Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Healthinsurance will typically cover which of the following perils? Determine whether the discriminant is positive, negative, or zero. Which of the following topics needs to be discussed with this client? A closed network plan offers a primary physician copay of $25. Whichof the following is a requirement for ANY change in an insurance application? 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. How soon can the benefit payments begin with a deferred annuity? Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. 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.) In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Which of the following statements is TRUE? A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu 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? D.) Intentionally violated state insurance laws. Howare annuities given favorable tax treatment? June 5, 2022 . Which entity is responsible for processing insurance advertising in New Jersey? The coverage, condition, and limitations in the master policy of a group contract can be found in which document? 1. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. d. Individual disability income insurance premiums. 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. what happened to amy bailey happy healthy humble . A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. Which of the following is NOT required in an order from the Commissioner? How many days notice must the Commissioner give prior to a hearing? 1. Which military service exclusion clause would pay upon his death? An annuitant is guaranteed to NOT outlive their benefits will a(n). After passing the state Producer licensing exam, application for the license must be made within, How long must an insurance company keep record on life insurance replacement activity, An insurance company that is organized or chartered in a country other than the United States is defined as, Advertisements of insurance in a local newspaper, must be approved by, Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit, Increase the premiums on an individual basis, Continued coverage under COBRA would be provided to a(n), A covered employee is terminated for gross misconduct, In New Jersey, health insurance advertisements are required to contain the, The purpose of a coordination-of-benefits provision in group health accident and health plans is to, If an insured dies during the grace period with no premiums paid, The policy would be payable, minus the premium amount, A 10% excise tax is normally applied to an early withdrawal from an IRA. Maria the agent would like to advertise an annuity product on a highway billboard. Her agent submitted the information to the insurance company on April 6. The Premium for a Modified whole life policy is: A. Which of these statements about Medicaid iscorrect? Whichof these will have the highest monthly payout upon annuitization? A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. Which of these is NOT a characteristic of the Accelerated Death Benefit option? 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. How much does Medicare Part B pay for physician fees? If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. Which of the following is a reinstatement condition? \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? How long after its effective date will an individual life insurance policy become incontestable? a producers secretary who solicits prospects on the telephone 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? An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. juin 5, 2022 . Whatis the primary reason for buying an annuity? \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ Mikehas inherited his fathers traditional IRA. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Which of the following situations would be suitable for a temporary work authority? A producer may be disciplined by the Commissioner for which of the following actions? How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? Which of the following does Medicare Part D cover? Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? A. An attending physician's statement would be appropriate for which life insurance purpose? 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. As beneficiary, he will pay__taxeson any money withdrawn. b. Pat the client interest on any monies held. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? 1. B. This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. What is this an example of? Juni 2022. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. C.) Unintentionally misrepresented a material fact on the application. Which of the following is NOT a duty of the Commissioner? How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? In the event of employment termination, group insurance can be kept if the employee pays the premiums. Please upgrade to Cram Premium to create hundreds of folders! If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? 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. 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. Howdo interest earnings accumulate in a deferred annuity? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. 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. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. 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. How to take legal action against an insurance company. {"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 NOT part of an insurance contract? Its balance sheet for this year is as follows: EndingBeginningBalanceBalanceCashandcashequivalents$48,000$57,000Accountsreceivable41,00044,000Inventory55,00050,000Totalcurrentassets144,000151,000Property,plant,andequipment150,000140,000Lessaccumulateddepreciation50,00035,000Netproperty,plant,andequipment100,000105,000Totalassets$244,000$256,000Accountspayable$32,000$57,000Incometaxespayable25,00028,000Bondspayable60,00050,000Commonstock70,00060,000Ratainedearnings57,00061,000Totalliabilitiesandstockholdersequity$244,000$256,000\begin{array}{l c c} What types of life insurance are normally usedfor key employee indemnification? Which of the following is NOT a required provision in an accident and health insurance policy? The policy automatically converts to whole lifeafter the 10-year period, B. & \text{Ending}& \text{Beginning} & \\ A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. When an applicant passes a licensing examination and answers all background questions negatively. Find out how you can intelligently organize your Flashcards. 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. Which of the following statements is TRUE about Medicaid? In what part of insurance policy benefits found? The promise of a discount in premium as an inducement to purchase insurance is known as, exchanging a new policy for one already in force, with guidelines regarding credit reporting and distribution, The Fair Credit Reporting Act protects consumers, Terminally-ill life insurance policyowners may sell their policy at a discount to a third party. What would be an expense factor in a insurance program? 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. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. The policy's effective date is earlier than the present, A Renewable Term Life insurance policy can be renewed, At a predetermined date or age, regardless of the insured's health, A producer's secretary who solicits prospects on the telephone. 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. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. How long is her grace period? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. With a past due premium of $100, the insurer pays $400. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? a producers secretary who solicits prospects on the telephone 59 and owned account for a minimum of 10 years, B. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? The ________ has the right to renew a small employer health plan. Which of these premium payment frequencies is not typically available to a policy owner? B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Which scenario would most life insurance policies exclude coverage for? Which of the following is NOT a qualification to be licensed as a producer? Who is the individual paid on a fee-for-service basis? A producer has committed an insurance crime that violates US code 1033 (interstate commerce). 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). Howdoes one become eligible for part D: Prescription Drug Coverage? Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. Who would most likely be coveredunder Workers Compensation? 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.

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