In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? 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. B. To be classified as a small employer, an employer must NOT have more than _________ eligible employees, The _______ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant, During the examination of an insurer's books and records by the Commissioner, the insurer, remain in effect until a new one is issued, John the insurance producer has an insurance license that expires in 6 months. Producing an inadequate amount of new premium. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? 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. Whichphase is this annuity in? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. On which date would Sonya have coverage? 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. 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 eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". How long is the Contestable Period for health insurance policies sold in Maryland? Howdoes one become eligible for part D: Prescription Drug Coverage? The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? 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.) 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. 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. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? b. Pat the client interest on any monies held. Which of the following actions by a producer would NOT result in a license suspension or revocation? 59 and owned account for a minimum of 10 years, B. 1. In event of acontroversy between the insured and the company, the producer is considered to representthe. 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. a producers secretary who solicits prospects on the telephone. 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. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? How much does Medicare Part B pay forphysician fees? Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? 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. The commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Howsoon can the benefit payments begin with a deferred annuity? B. Upon delivery, she may be expected to collect all of the following EXCEPT a(n), Modified application with a new signature, All of these are valid policy dividend options for a life insurance policyowner EXCEPT. Which of the following is NOT a requirement for soliciting insurance in Maryland? Which of these premium payment frequencies is not typically available to a policy owner? Afterwards, she deposits the check into her personal checking account. Pay for Medicare charges exceeding the approvedamount. Who would most likely be coveredunder Workers Compensation? Afterwards, she deposits the check into her personal account. a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? 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. 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. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Determine whether the discriminant is positive, negative, or zero. \\ 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. . Jim recently sold his whole life insurance policy under a critical settlement contract. Howdo interest earnings accumulate in a deferred annuity? All of these are standard exclusions found in a life insurance policy EXCEPT. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Alimited payment whole life policy provides. All Medicare Supplement policies MUST contain which provision? Benefits for a Medicare Supplement policy. who would be responsible for the prosecution of this crime? 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. Which military service exclusion clause would pay upon his death? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ 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. An error was made on Erica's life insurance application. What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? Medical history from the insured may be reviewed and reported, If an insurer receives a notice of claim under an individual health policy, and fails to provide proof of loss forms within 15 days, the insured must, File a written proof of loss, detailing the occurrence, character and extent of loss. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. Maria has committed what crime? A. licensed producers not appointed by an insurer. 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). 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. To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. Who is eligible for insurance under a group policy issued to a labor union? C. Normally graded over a period of 20 years. juin 5, 2022 . The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". 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. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? 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? 1. This illustration MUST disclose that. James is the insured on a life insurance policy where his age was misstated on the application. Find out how you can intelligently organize your Flashcards. It would be considered taxable income to the employee. 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). Which of the following is NOT a common exclusion for a medical expense policy? Which of the following is NOT part of an insurance contract? It is health insurance for the elderly. Which course of action must be taken by the Commissioner? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. His policy may be reinstated at any time within _____ years. 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.

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