a producers secretary who solicits prospects on the telephone

Pat is insured with a life insurance policy and Karen is his primary beneficiary. B. How much does Medicare Part B pay forphysician fees? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. The policy automatically converts to whole lifeafter the 10-year period, B. a producers secretary who solicits prospects on the telephone 12. & \text{Balance}& \text{Balance} & \\ Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. 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? One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. EXECUTIVE SUMMARY. Which of the following is required for an insurer to conduct business in this state? In the event of employment termination, group insurance can be kept if the employee pays the premiums. Shirley has a $500,000 10-year non-renewable level term life policy. 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? Which of the following is NOT considered to be an actof fraud? is one of the oldest and best known of all Barbadian funeral establishments. In order for the producer's insurance business to continue, the Commissioner may issue to the producer's spouse a has a mental or physical handicap and remains dependent on the parent A dependent child may remain on a parent's health insurance plan beyond age 26 if the child 60 Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. June 5, 2022 . 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. If she dies 15 years after the policy's inception date, how much will her beneficiary receive? Hill during her initial calls made to the call center. The type of annuity she is seeking is called? Registered for the state insurance examination. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Which military service exclusion clause would pay upon his death? A separate converted policy may, at the option of the insurance company, be issued to cover an. Replacement regulation is designed to protect the interests of, A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT cancel the policy is called. Which of the following is NOT considered to be an act of fraud? Changing from one occupation to another at the same general status is called _____. Whatis the elimination period of an individual disability policy? Whichscenario would most life insurance policies exclude coverage for? 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. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. In what form do disability income policies typically pay benefits? What amount will be paid under a policy where the insured misstated his/her age? Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? A whole life policy option where extended term insurance is selected is called a(n). D. The face amount and premium will remain constantover the 10-year period. How long is the Contestable Period for health insurance policies sold in Maryland? 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.) Which of the following is the likely result? A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Whichmarket index is normally associated with an indexed annuitys rate of return? c. Solve the equation f(x)=0, if possible. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). Which of the following is Medicare Part B also known as? What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. Bob and Tom start a business. 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. How many days notice must the Commissioner give prior to a hearing? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. We weren't able to detect the audio language on your flashcards. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. 5511. 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. 1. 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. Annuities are intended to create an estate. 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. Maria has committed what crime? Introducing Cram Folders! Which of the following is NOT part of an insurance contact? In Maryland, a Producer may have his/her license revoked for which of the following acts? When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? ABC Corporation has a group life insurance policy that covers its employees and their dependent children. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? 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. It is administrated by the federal government, C. It is funded by federal, state, and local taxes. Financial report from the previous year. Which of these if NOT considered a form of life insurance advertisement? 1. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Whichof these will have the highest monthly payout upon annuitization? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. B. Recieve a tax credit to help offset the cost of health insurance. a producers secretary who solicits prospects on the telephone. All Medicare Supplement policies MUST contain which provision? 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. B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Which of these will typically authorize treatment from a specialist? A licensed producer is required to file notice of any change of address within how many days? What is the purpose of having an accelerated death benefit on a life insurance policy? A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. Providing claim payments to insureds under the guidelines of the insurance contract. This type of agreement is called an. Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. 14 day waiting period / 10 year benefit period. The face amount will remain constant and thepremium will increase over the 10-year period, C. The Premium will remain constant and the faceamount will increase over the 10-year period. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? 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. Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? June 24, 2022 . 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. Which of these statements about Medicaid iscorrect? 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. When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? All of these are standard exclusions found in a life insurance policy EXCEPT. A minimum of 12 months after date of purchase. Advertising material for a life insurance policy does NOT need to contain which of the following? 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? Which of these is NOT an Unfair Claims Settlement Practice? . 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 D. Adjustable, permanent, and limited-pay lifeinsurance. Whatwould be an expense factor in an insurance program? What does the Group Life underwriting risk selection process help protect insurance companies from? What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? Mikehas inherited his fathers traditional IRA. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. C) Unintentionally misrepresented a material fact on the application. The company did not retire any bonds or repurchase any of its own common stock during the year. 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 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 often must the Commissioner examine each domestic insurance company? What is the primary purpose of a rating service company such as A.M. Best? ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. When is an existing health insurance policy required to provide coverage for a new born child? What happens to interest earned if the annuitant dies before the payout start date? _____ 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. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. 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. 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. Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. 1. Which of the following is TRUE regarding the federal income tax? Which of the following would be considered a "dependent child"? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. When initial premium is collected and policy is issued. How often must an insurance producer's license in Maryland be renewed? 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. Which entity is responsible for processing insurance advertising in New Jersey? Level premium permanent insurance accumulates a reserve that will eventually, Ambiguities in an insurance policy are always resolved in favor of the, Chapter 11 Exam - New Jersey Laws and Rules, Life Insurance Policies - Provisions, Options, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Daniel F Viele, David H Marshall, Wayne W McManus. Which of the Uniform Optional Provisions covers this situation? The standard grace period for a life insurance policy sold in Maryland is. Using derogatory statements about an insurance company's financial condition. 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. Course Hero is not sponsored or endorsed by any college or university. . Which of the following is Medicare Part B also known as? Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Maria has committed what crime? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . 1. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Reggie purchased a life insurance policy with a face amount of $500,000. a producers secretary who solicits prospects on the telephone. It would be considered taxable income to the employee. A life policy loan in Maryland cannot charge a fixed rate of interest higher than: A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting, d.) Is not required to be licensed as a producer. Both May and John are injured. licensed producers not appointed by an insurer. Which of the following is NOT part of an insurance contract? The greater of the accumulated cash value or the total premium paid. The death benefit paid will be what the premium would have purchased at the correct age. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. 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 of the following MUST contain a "Statement of Policy Cost and Benefit Information"? The producer decides not to respond. The two plans are fee-for-service and. Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. The taxable portion of each annuity payment is calculated using which method? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. What happens when an insurance policy is backdated? Which of the following is an example of defamation? We'll bring you back here when you are done. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. A. 59 and owned account for a minimum of 10 years, B. 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. 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. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. The Healthcare Insurance Exchange offers plans for everyone. Which of the following statements is TRUE? b. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". The policyholder for a group health benefit plan is considered to be the, A Medicare Supplement policy can be cancelled by the insurer for, As of January 1, 2007, producer's license expires, Every two years on the last day of the producer's birth month, An insurer has the right to recover payment made to the insured from the negligent party. 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. EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is, All of the following are core benefits of Medicare Supplement Plan A EXCEPT, Deductible payments for the first 60 days of hospitalization under Medicare hospitalization under Medicare hospitalization insurance, Statements made by an insurance applicant on an application are considered to be. Which of the following is a reinstatement condition? 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 domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Collecting a chargefor insurance that is less than the charge applicable to that insurance. 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? Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. 1. Duringthe accumulation period, who can surrender an annuity? B.) A. Which of these premium payment frequencies is not typically available to a policy owner? Ahealth care provider claim may be settled using which of the following paymentmethods? Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? B.Canceling a term life policy to buy a whole life policy. Which of the following topics needs to be discussed with this client? Commissioner may impose an administrative penalty. A. A. 2.1.1 6 Whole life Insurance in Malaysia This is an unlawful practice known as, must be delivered with or prior to policy delivery. Which of the following is NOT required in an order from the Commissioner? A producer who sells an individual life insurance policy in Maryland MUST deliver to the policyowner a, Refusing to pay persons bringing false or fraudulent claims, All of these may be an Unfair Claims Practice EXCEPT, is eligible for a Federal tax credit through the SHOP Exchange, An existing health benefit plan offered by a small employer may be replaced by a SHOP Exchange Navigator only if the small employer, An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A producer has recently died and leaves behind a spouse. Whendoes a life insurance policy typically become effective? Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application?

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