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

A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? Which of the following does Medicare Part D cover? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which type of disability would be less than total impairment and equal to permanent impairment? This illustration MUST disclose that. Which of the following is Medicare Part B also known as? An insurance producer is issued a _____ as evidence of authority. B. Gainsare tax exempt at distribution. C.) Unintentionally misrepresented a material fact on the application. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. An annuitant is guaranteed to NOT outlive their benefits will a(n). Inwhich of the following situations would the insurer be liable for a loss? Whichmarket index is normally associated with an indexed annuitys rate of return? The Healthcare Insurance Exchange offers plans for everyone. pain between 4th and 5th metatarsal. 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. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ Frank is shopping for a disability income policy. Commissioner may impose an administrative penalty. C. Normally graded over a period of 20 years. Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. The two plans are fee-for-service and. {"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"}}. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. The death benefit paid will be what the premium would have purchased at the correct age. 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. 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 often must an insurance producer's license in Maryland be renewed? How long is the Contestable Period for health insurance policies sold in New Jersey? The proceeds of this contract could be subject to the claims of. Which of the following is a requirement for ANY change in an insurance application? What happens to the coverage under a children's term rider when that child reaches a certain specified age? A. Doctormay charge up to a maximum of 15% more than Medicare pays for the service, B. Doctoris not bound by Medicare limitations on charge, C. Doctorcannot charge more than Medicares scheduled coverage, D. Doctor bills the Medicare beneficiary directlyfor services performed, A. Alwaysrequires service in a network, B. Providesa greater choice of providers, C. Alwaysrequires a referral to specialists. Find out how you can intelligently organize your Flashcards. B.Change must be initialed by the applicant. An error was made on Erica's life insurance application. 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? EXECUTIVE SUMMARY. 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. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? What is this an example of? A master contract and certificate of coverage can be found in which type of policy? B. A producer may begin to solicit insurance ONLY. Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. May 2020. An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. What is the purpose of a disability income benefit? B. Recieve a tax credit to help offset the cost of health insurance. Pat is insured with a life insurance policy and Karen is his primary beneficiary. Advertising material for a life insurance policy does NOT need to contain which of the following? The coverage, condition, and limitations in the master policy of a group contract can be found in which document? Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. Employee must be able to make unlimited contributions. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? D. Administered by the federal government. Which of the following is NOT a circumstance to which a temporary producer license can be issued? a producers secretary who solicits prospects on the telephone. XZY company has applied for group health insurance for its employees. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. audio not yet available for this language. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Because dividends are considered to be a return of premium. (p^1p^2). Both partners are still married at the time of Bob's death. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ When does a life insurance policy typically become effective? The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? Whatis the elimination period of an individual disability policy? An insurance company needs to obtain personal information from a third party concerning an applicant. Which type of contract may NOT be issued by an insurance company? Which of the following is the likely result? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. Under a life insurance policy, what does the insuring clause state? A minimum of 12 months after date of purchase. d. Individual disability income insurance premiums. Which of the following is NOT a requirement for soliciting insurance in Maryland? The face amount and the premium will remain constant over the 10-year period. She recently replaced the policy with a new one that provides better coverage. Which situation accurately describes a reduced paid-up nonforfeiture option? In Maryland, a Producer may have his/her license revoked for which of the following acts? Which military service exclusion clause would pay upon his death? Which of the following is NOT a duty of the Commissioner? 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 _____. Which of the following is NOT part of an insurance contact? Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? -is an example of the illegal act called twisting -must be bonded through the state -must be licensed as a producer -is not required to be licensed as a producer must be licensed as a producer Producers selling insurance in New Jersey while having a residence and business address Which scenario would most life insurance policies exclude coverage for? If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. All of these are standard exclusions found in a life insurance policy EXCEPT. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? 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. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. The right-to-examine period in Maryland for long-Term Care polices is ___ days. How long is the Contestable period for health insurance policies sold in Maryland? 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? Craig submits a $500 claim for medical expenses. Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. Which of the following is TRUE regarding the federal income tax? 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. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? Duringthe accumulation period, who can surrender an annuity? Submit to the replacing insurer a list of the policies to be replaced. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. a producers secretary who solicits prospects on the telephone. Which of the following is NOT required in an order from the Commissioner? Howdo interest earnings accumulate in a deferred annuity? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? 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? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Whendoes a life insurance policy typically become effective? What does the amount of these credits represent? She paid the premium on May 15 with the policy indicating the effective date being May 30. 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. In the event of employment termination, group insurance can be kept if the employee pays the premiums. Whichphase is this annuity in? Term, Whole, and universal lifeinsurance. A. A producer may be disciplined by the Commissioner for which of the following actions? This situation is called, Written notice of a health insurance claim should be given to the insurer within _____ days after the occurrence of any loss covered by the policy, To conduct insurance business in this State, an insurer must be issued a certificate of authority. Engaged in a fraudulent insurance practices. 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. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. Which of the following is NOT part of an insurance contract? How much does Medicare Part B pay forphysician fees? Which of the following must be included in the advertisement? 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. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. By . The benefit can be offered as a rider at a specific extra cost or may be at no cost, All of the following are included as part of a contract in the entire contract provision EXCEPT the. A. . She would like to borrow $15,000 against the cash value. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) What happens when an insurance policy is backdated? Which of the following is NOT considered to be an actof fraud? Erica is 35 years old and owns an IRA. Reggie purchased a life insurance policy with a face amount of $500,000. Mark continues working after the age of 65 and is covered through his employer's group health plan. 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. Prospective producer who is waiting to take the state examination. Mary ran into John, another employee, who happened to be taking outthe garbage. 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. 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 Duringthe accumulation period, who can surrender an annuity? C. Remain of their current coverage for 30 months. Annuities are intended to create an estate. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. Providing claim payments to insureds under the guidelines of the insurance contract. An attending physician's statement would be appropriate for which life insurance purpose? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? New Jersey insurance law requires eligible individuals to make an election to continue health insurance benefits within a MAXIMUM of _____ days after coverage termination, A _____ insurance company is one that was formed under the laws of a state other than New Jersey, All of the following are typically included in a life insurance policy illustration EXCEPT, Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of thesestatements is true? An insurance company may ONLY pay a sales commission to, Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Whichtype of injury would NOT be covered under a health insurance policy? How often must an insurance producer's license in Maryland be renewed? The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Maria has committed what crime? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. c. Travel accidental insurance premiums. This is called a. A. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. 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. Maria has committed what crime? When is an existing health insurance policy required to provide coverage for a new born child? 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. Which of the following statements is TRUE about Medicaid? What is the purpose of the Medical Information Bureau (MIB)? Complete the sentence using each term once. Alimited payment whole life policy provides. Under a Traditional IRA, Interest earned istaxed. Producing an inadequate amount of new premium. The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? 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. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. D.) By providing consumer credit counseling. Using derogatory statements about an insurance company's financial condition. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Which of the following is NOT a required provision in an accident and health insurance policy? For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) The names of the insurance companies represented by the producer. 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. How long is her grace period? Premium mode is a term used to describe the, A newborn is required to be covered for _____ days from the moment of birth, A clause that allows an insurer the right to terminate coverage at any anniversary date is called. Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. A term life insurance policy is what most people think of when they think about life insurance. 1. An amount the premium would have purchased at the correct age. An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. 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. What is issued to each employee of an employerhealth plan? Fundingfor Medicare Part B is Partially provided by. How often must an insurance producer's license in New Jersey be renewed? A. 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. June 24, 2022 . Within how many days must a producerreport to the commissioner any administrative actions made against him/her? In which of the following relationship would there NOT be an insurable interest? Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Which of the following topics needs to be discussed with this client? Pay for Medicare charges exceeding the approvedamount. On which date would Sonya have coverage? 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. If she dies 15 years after the policy's inception date, how much will her beneficiary receive? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. How long is the Contestable Period for health insurance policies sold in Maryland? On Social Security disability for over two years, D.Falling below the federal poverty level, D. Falling below the federal poverty level, Field underwriting performed by the producer involves, Completing the application and collecting initial premium, A provision that allows a policy owner to withdraw a policy's cash value interest free is a(n). How many months can a life insurance policy normally be backdated from the date of application? How much does Medicare Part B pay for physician fees? To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Which of the following is an example of defamation? Over the course of a year, which premium payment mode is most expensive? a producers secretary who solicits prospects on the telephone. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Vaginal plastic surgery is made up of two main procedures, external and . 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). 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. cuanto gana un pintor de autos en estados unidos . An individual the means to replace wages. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Life insurance policies will. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? What happens to coverage under a children's term rider when that child reaches a certain specified age? Which of the following would be considered a "dependent child"? Whichof these benefit options would he choose? Which of the following is the likely result? Bob dies 12 months later. An individual life insurance policy can be contested by the insurer only during the first _________ years of the contract, An order issued by the commissioner that prohibits a specific practice listed in the order is called a. 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. 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. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Benefits for a Medicare Supplement policy. B.) Course Hero is not sponsored or endorsed by any college or university. 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. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio Whichscenario would most life insurance policies exclude coverage for? These rights are called, A producer who intentionally makes an untrue or incomplete statement in the course of an insurance transaction may be guilty of. Whathappens when an insurance policy is backdated? To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Julie has a $100,000 30-year mortgage on her new home. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Which of the following may be used as continuation education credit? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? HIPPA considers which of the following as "individually identifiable health information"? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. 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.