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

An attending physician's statement would be appropriate for which life insurance purpose? Which of the following must be included in the advertisement? Which of the following is NOT required in an order from the Commissioner? Hill during her initial calls made to the call center. A newborn is required to be covered for ______ days from the moment of birth. EXECUTIVE SUMMARY. Jim recently sold his whole life insurance policy under a critical settlement contract. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. Who would be responsible for the prosecution of this crime? Whichmarket index is normally associated with an indexed annuitys rate of return? audio not yet available for this language. When does a life insurance policy typically become effective? A. The concept is simple - the insured buys the policy and names Life insurance pays after a persons death to help family members pay for debt, lost income, or funeral costs (Life Insurance 686). 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)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Which type of disability would be less than total impairment and equal to permanent impairment? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. An individual can enroll in a Part C Medicare Advantage Plan at what time? Tara the producer is delivering a specified disease insurance policy to a new policyowner. 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 of the following is NOT information found in a life insurance buyer's guide? Which of these will typically authorize treatment from a specialist? An individual who has a hobby racing cars once a month. d. Individual disability income insurance premiums. In what form do disability income policies typically pay benefits? 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. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. 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. Net death benefit will be reduced if the loan is not repaid. Pierre the producer receives a premium for an individual health insurance policy. 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 of the following MUST contain a "Statement of Policy Cost and Benefit Information"? a producers secretary who solicits prospects on the telephone. A. 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 Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). 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. The standard grace period for a life insurance policy sold in Maryland is. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which of the following is typically NOT eligible for coverage in a group health policy? What may be the result of replacing an existing life insurance policy with a new one? Which market index is associated with an indexed annuity's rate of return? The statement which best describes the relationship between the relationship between the premiums of a whole life policy and the premium payment period is, The shorter the payment period, the higher the premium. An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? An insurer formed according to the legal requirements of another country is called an. Why are dividends from a mutual insurer not subject to taxation? Find out how you can intelligently organize your Flashcards. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? visas, binomial trials. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Her agent submitted the information to the insurance company on April 6. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? 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. 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. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Shirley has a $500,000 10-year non-renewable level term life policy. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Term, Whole, and universal lifeinsurance. What amount will be paid under a policy where the insured misstated his/her age? Craig submits a $500 claim for medical expenses. 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? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. 1. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). 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. This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. Registered for the state insurance examination. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? His policy may be reinstated at any time within _____ years. Howsoon can the benefit payments begin with a deferred annuity? Whichof these will have the highest monthly payout upon Annuitization? D. Administered by the federal government. Using derogatory statements about an insurance company's financial condition. 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. C) Unintentionally misrepresented a material fact on the application. Which of the following statements is TRUE about Medicaid? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Which of the following is TRUE regarding the federal income tax? An insurance producer is issued a _____ as evidence of authority. 1. In Maryland, a Producer may have his/her license revoked for which of the following acts? Which of the following actions by a producer would NOT result in a license suspension or revocation? d. A covered employee if terminated for grossmisconduct. Which of these riders will pay a death benefit if the insured's spouse dies? What is the contract called that is issued to an employer for a Group Medical Insurance plan? June 24, 2022 . Please sign in to share these flashcards. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. B. Gainsare tax exempt at distribution. A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. At what age can she begin to receive distributions without a tax penalty? D. Willfullycollecting a premium that exceeds the amount of the actual premium. Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? 1. Determine whether the discriminant is positive, negative, or zero. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Which of these will typically authorize treatment from a specialist? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. 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? 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? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Percent frequency distribution for key variables. With a past due premium of $100, the insurer pays $400. D. Licensedproducers not appointed by an insurer. When initial premium is collected and policy is issued. Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. Which law do all insurers and their producers need to comply with? Which of these is likely to occur when life or health insurance is being applied for? A. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? 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. In the event of employment termination, group insurance can be kept if the employee pays the premiums. \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? Whoassumes the investment risk with a fixed annuity contract? After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? Please select the correct language below. Whichof the following is Medicare Part B also known as? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Commissioner may impose an administrative penalty. How many days notice must the Commissioner give prior to a hearing? Which of the following does Coordination of Benefits allow? A licensed producer is required to file notice of any change of address within how many days? Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. How many employees must an employer have for a terminated employee to be eligible for COBRA? Peter Griffith, Funeral Director of Lyndhurst Funeral Home. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Assist in the underwriting of insurance policies. B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. Within how many days must a producerreport to the commissioner any administrative actions made against him/her? The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Atax-free 1035 Exchange of a life insurance policy to a different policy ispermitted if it occurs, A. Inthe same state as the original transaction, C. Frominsurer to insurer and no cash is received by the policy owner, D. Fromagent to agent as long as the agents are licensed in the same line. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? a producers secretary who solicits prospects on the telephone. 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. 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. 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. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Who is required to notify the producer in the event of appointment termination? Mark continues working after the age of 65 and is covered through his employer's group health plan. This is an unlawful practice known as, must be delivered with or prior to policy delivery. Julie has a $100,000 30-year mortgage on her new home. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period. Advertising material for a life insurance policy does NOT need to contain which of the following? Kathysannuity is currently experiencing tax-deferred growth until she retires. Which of these statements is true? When an applicant passes a licensing examination and answers all background questions negatively. Which scenario would most life insurance policies exclude coverage for? May 2020. Which of the following would be considered a "dependent child"? what happened to amy bailey happy healthy humble . 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? D.) By providing consumer credit counseling. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. How much does Medicare Part B pay forphysician fees? 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? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. New Jersey Department of Banking Insurance, A limited payment whole life policy provides, All advertisements for health insurance shall make clear the identity of the, The double indemnity provisions in a life insurance policy pertains to an insured's death caused by a. Mike has inherited his father's traditional IRA. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. What happens when an insurance policy is backdated? The proceeds of this contract could be subject to the claims of, The Food and Drug Administrationapproved prescription drugs for treatment as stated on the drugs labeling. B.) D. Assist an insurer in determine an applicantscreditworthiness. Vaginal plastic surgery is made up of two main procedures, external and . 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. Eventually, they retire and dissolve the business. 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. Juni 2022. Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? 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. C. Remain of their current coverage for 30 months. A. Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? How much does Medicare Part B pay for physician fees? In Maryland, a producer may have his/her license revoked for which of the following acts? Engaged in a fraudulent insurance practices. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? cuanto gana un pintor de autos en estados unidos . James is the insured on a life insurance policy where his age was misstated on the application. This is called a. 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. Which of these is NOT an Unfair Claims Settlement Practice? What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? Which of these if NOT considered to be a purpose of an annuity? Whatis the purpose of the medical information Bureau (MIB)? Which of the following statements is TRUE? The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application 59 and owned account for a minimum of 5 years, C. 70 and owned account for a minimum of 10 years, D. 70 and owned account for a minimum of 5 years, A. Cancelingdisability policy to buy a term life policy, B. Cancelinga term life policy to buy a whole life policy, C. Cancelinga long-term care policy to buy a whole life policy, D. Cancelinga whole life policy to buy a major medical policy. 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? How long after its effective date will an individual life insurance policy become incontestable? What is this an example of? One of. Which option was chosen? Bob and Tom start a business. A. 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? Which of the following is a reinstatement condition? a. A whole life policy option where extended term insurance is selected is called a(n). The Commissioner issues a subpoena to a producer. 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. Both May and John are injured. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. 1. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. B. Recieve a tax credit to help offset the cost of health insurance. a producers secretary who solicits prospects on the telephone. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. Financial report from the previous year. \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? 1. It is health insurance for the elderly. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Under a Traditional IRA, Interest earned istaxed. The taxable portion of each annuity payment is calculated using which method? 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 NOT a circumstance to which a temporary producer license can be issued? 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. 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. Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. The legal action provision in a health contract is limited to no more than ___ years. How long is the Contestable period for health insurance policies sold in Maryland? 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. a producers secretary who solicits prospects on the telephone. She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. The ________ has the right to renew a small employer health plan. Bob dies 12 months later. Which of the following may be used as continuation education credit? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". A 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. An amount the premium would have purchased at the correct age. Prospective producer who is waiting to take the state examination. How often must the Commissioner examine each domestic insurance company? 1. b. Pat the client interest on any monies held. Which of the following situations would be suitable for a temporary work authority? Which military service exclusion clause would pay upon his death? & \text{Balance}& \text{Balance} & \\ This change is called a(n). Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? Which of the Uniform Optional Provisions covers this situation? Which of the following is NOT a duty of the Commissioner? A. Collectinga premium for insurance that is not provided. Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? 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. 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. 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). The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Which course of action must be taken by the Commissioner? The greater of the accumulated cash value or the total premium paid. Changing from one occupation to another at the same general status is called _____.