1. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? How much does Medicare Part B pay for physician fees? She may reinstate her policy within _____ years. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. B.Change must be initialed by the applicant. On which date would Sonya have coverage? The two plans are fee-for-service and. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. Whichtype of injury would NOT be covered under a health insurance policy? Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. How long must an individual be unable to engage in any gainful activity due physical or mental disability in order to qualify for Social Security Total Disability? Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Whichof the following is a requirement for ANY change in an insurance application? An attending physician's statement would be appropriate for which life insurance purpose? Howsoon can the benefit payments begin with a deferred annuity? by . Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. An amount the premium would have purchased at the correct age. A. Maria has committed what crime? Whoassumes the investment risk with a fixed annuity contract? 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. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. Their offer/administration. For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: Which of the following is NOT a circumstance to which a temporary producer license can be issued? Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Mark continues working after the age of 65 and is covered through his employer's group health plan. 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. Which of the following is Medicare Part B also known as? Which of the following is considered a tax-deductible medical expenseunder this rule? Adoctor who accepts Medicare Assignment agree to which of the following ? By . Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. 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. Howare annuities given favorable tax treatment? 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. An annuitant is guaranteed to NOT outlive their benefits will a(n). 14 day waiting period / 10 year benefit period. 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. 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. 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. An insurance company needs to obtain personal information from a third party concerning an applicant. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. 1. 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. 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. \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. An individual the means to replace wages. audio not yet available for this language. How soon can the benefit payments begin with a deferred annuity? The law that established insurance transactions regulated by the states is called. A. A producer is meeting with a client to determine whether an annuity would be suitable for purchase. Former dependent of employee no longer ofdependent status. How long after its effective date will an individual life insurance policy become incontestable? 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 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. Elizabethis the beneficiary of a life insurance policy. Which of these is NOT an Unfair Claims Settlement Practice? Whichphase is this annuity in? & \text{Ending}& \text{Beginning} & \\ A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Pierre MUST remit the premium to his insurer within ___ business days of receipt. AMaryland insurance producer solicits an insurance policy. The policy automatically converts to whole lifeafter the 10-year period, B. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? How many employees must an employer have for a terminated employee to be eligible for COBRA? Bob and Tom start a business. What happens to interest earned if the annuitant dies before the payout start date? This agreement is called an, Upon receiving a producer complaint, the Commissioner may immediatley, ABC Insurance Company transfers part of their risk to XYZ Insurance Company. How to take legal action against an insurance company. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ 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. Complete the sentence using each term once. She would like to borrow $15,000 against the cash value. C. Remain of their current coverage for 30 months. How many months can a life insurance policy normally be backdated from the date of application? B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Submit to the replacing insurer a list of the policies to be replaced. In this situation, who will receive Bob's policy proceeds? B. Gainsare tax exempt at distribution. 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. 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. Employee must be able to make unlimited contributions. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ 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. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. 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. who would be responsible for the prosecution of this crime? A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? An individual can enroll in a Part C Medicare Advantage Plan at what time? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. The producer decides not to respond. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. 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 describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Duringthe accumulation period, who can surrender an annuity? An error was made on Erica's life insurance application. How often must an insurance producer's license in Maryland be renewed? Who would most likely be coveredunder Workers Compensation? 5511. A long-term care policy typically provides all of the following levels of care EXCEPT, A life insurance policy that has premiums fully paid up within a stated time period is called, A securities license is required for a life insurance producer to sell, In contrast to a guaranteed renewable policy, a noncancellable policy. Which of the following is NOT a duty of the Commissioner? Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. Because dividends are considered to be a return of premium. 1. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . How often must the Commissioner examine each domestic insurance company? 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. A. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. _____ 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. Which of the following may be used as continuation education credit? 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. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? D. Licensedproducers not appointed by an insurer. A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? Eventually, they retire and dissolve the business. The policies continue in force with no change. 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. She recently replaced the policy with a new one that provides better coverage. A producer may be disciplined by the Commissioner for which of the following actions? \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. Which type of disability would be less than total impairment and equal to permanent impairment? Whatis the elimination period of an individual disability policy? by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. There are several types of whole life insurance that are as follow:- a producers secretary who solicits prospects on the telephone. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? All Medicare Supplement policies MUST contain which provision? In Maryland, a producer may have his/her license revoked for which of the following acts? Whichof these will have the highest monthly payout upon annuitization? How long is her grace period? As of January 1, 2014, small group health insurance can be rated on the basis of. Inwhich of the following situations would the insurer be liable for a loss? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. 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. Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Whendoes a life insurance policy typically become effective? . When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. . \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . Assist in the underwriting of insurance policies. Which of the following is an example of defamation? & \text{Balance}& \text{Balance} & \\ 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. The renewability provision for an individual long-term care insurance policy must be located on the policy form's, The ______________________ must be notified of a licensee's address change within 30 days of such change, Producers must complete a total of _______ Continuing Education hours for each two-year licensing period, A Medicare Supplement policy may exclude coverage for a preexisting condition for up to ____ months. Which of these if NOT considered a form of life insurance advertisement? A minimum of 12 months after date of purchase. Which of these is NOT a characteristic of the Accelerated Death Benefit option? An individual can enroll in a Part C Medicare Advantage Plan at what time? If she dies 15 years after the policy's inception date, how much will her beneficiary receive? Which scenario would most life insurance policies exclude coverage for? Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? 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}
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