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a producers secretary who solicits prospects on the telephone

juin 5, 2022 . Whichmarket index is normally associated with an indexed annuitys rate of return? How long is the Contestable period for health insurance policies sold in Maryland? Her agent submitted the information to the insurance company on April 6. The promise of a discount in premium as an inducement to purchase insurance is known as, exchanging a new policy for one already in force, with guidelines regarding credit reporting and distribution, The Fair Credit Reporting Act protects consumers, Terminally-ill life insurance policyowners may sell their policy at a discount to a third party. When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: Engaged in a fraudulent insurance practices. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? 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. Which of the following is NOT part of an insurance contact? 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. & \text{Ending}& \text{Beginning} & \\ 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 part of an insurance contract? Ahealth care provider claim may be settled using which of the following paymentmethods? Which of the following is NOT considered to be an actof fraud? 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. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. Percent frequency distribution for key variables. A separate converted policy may, at the option of the insurance company, be issued to cover an. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. What kind of insurance provides coverage for one or more necessary or appropriate diagnostic, preventative, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital? by . 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 must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? 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. What happens to the coverage under a children's term rider when that child reaches a certain specified age? 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 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 If she dies 15 years after the policy's inception date, how much will her beneficiary receive? A minimum of 12 months after date of purchase. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Pierre MUST remit the premium to his insurer within ___ business days of receipt. This illustration MUST disclose that. Please upgrade to Cram Premium to create hundreds of folders! The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. What will the beneficiary receive if an annuitant dies during the accumulation period? A. The face amount and the premium will remain constant over the 10-year period. Which of these is NOT an Unfair Claims Settlement Practice? 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 1. a producers secretary who solicits prospects on the telephone. who would be responsible for the prosecution of this crime? Which of the following statements is TRUE? The names of the insurance companies represented by the producer. Johan the producer charged a fee to a sales prospect for analyzing insurance coverages A written statement describing the elements of a policy is called, All of the following are considered appropriate uses of life insurance for business purposes EXCEPT, Protecting the business by covering entry level employees with life insurance, An insured individual and the policy's beneficiary die from the same accident. 1. 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. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. 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. 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. Which of the following is NOT information found in a life insurance buyer's guide? Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. 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? Employee must be able to make unlimited contributions. Who is eligible for insurance under a group policy issued to a labor union? Which military service exclusion clause would pay upon his death? A. Financial report from the previous year. -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 A life insurance policyowner is allowed ____ days upon policy delivery to return the policy for a full premium refund, A producer's license MUST be renewed every _______ years, Collecting a charge for insurance that is less than the charge applicable to that insurance. 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? 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. Jim recently sold his whole life insurance policy under a critical settlement contract. Which of the following actions by a producer would NOT result in a license suspension or revocation? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Which of these premium payment frequencies is not typically available to a policy owner? Which of the following is the likely result? Which of the following is considered a tax-deductible medical expenseunder this rule? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. A term life insurance policy is what most people think of when they think about life insurance. There are several types of whole life insurance that are as follow:- 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. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Must be bonded through the state. 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} a producers secretary who solicits prospects on the telephone. Prospective producer who is waiting to take the state examination. 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. Submit to the replacing insurer a list of the policies to be replaced. One of. 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 type of disability would be less than total impairment and equal to permanent impairment? B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. B.Change must be initialed by the applicant. 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. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. Who is the individual paid on a fee-for-service basis? A. D. Administered by the federal government. 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. pain between 4th and 5th metatarsal. You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? How soon can the benefit payments begin with a deferred annuity? Sonya applied for a health insurance policy on April 1. A. For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) It would be considered taxable income to the employee. by geriford27, At minimum, a carrier is required to offer which of the following health benefit plans to small employers? The coverage, condition, and limitations in the master policy of a group contract can be found in which document? An insurance producer is issued a _____ as evidence of authority. If he files an application for renewal before the expiration date, his license will, A Medicare Supplement policy can be cancelled by the insurer for, Recording the receipt and distribution of premiums due to an insurer is considered a producer's _________ responsibility. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? 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. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. CashandcashequivalentsAccountsreceivableInventoryTotalcurrentassetsProperty,plant,andequipmentLessaccumulateddepreciationNetproperty,plant,andequipmentTotalassetsAccountspayableIncometaxespayableBondspayableCommonstockRatainedearningsTotalliabilitiesandstockholdersequityEndingBalance$48,00041,00055,000144,000150,00050,000100,000$244,000$32,00025,00060,00070,00057,000$244,000BeginningBalance$57,00044,00050,000151,000140,00035,000105,000$256,000$57,00028,00050,00060,00061,000$256,000. Bob and Tom start a business. A closed network plan offers a primary physician copay of $25. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ 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. Which of the following would have the HIGHEST premium? Write a sentence explaining its significance to the executive branch. What does the amount of these credits represent? the exceptions, reductions, and limitations affecting the basic provisions of the policy, Any advertisement that mentions a dollar amount, period of time for which any benefit is payable, cost of policy, policy benefit, or the loss for which the benefit s is payable MUST disclose, All of the following is considered a form of advertising EXCEPT. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. Which of the following is the likely result? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. licensed producers not appointed by an insurer. Which scenario would most life insurance policies exclude coverage for? Juni 2022. 1. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? At the request of the insurer to assist in the underwriting decision. 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. Bob dies 12 months later. A. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. Whichof the following is Medicare Part B also known as? A master contract and certificate of coverage can be found in which type of policy? In the event of employment termination, group insurance can be kept if the employee pays the premiums. What would be an expense factor in a insurance program? A producer's license may only be suspended or revoked if the producer, one or more diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital, Long-term care policies sold in Maryland may exclude coverage related to, The Life and health Guaranty Corporation provides funds to carry out its powers and duties by assessing, As of January 1, 2014, small group health insurance can be rated on the basis of, An individual covered under a Blue Cross Blue Shield plan is called a, An HMO that involves a partnership of physicians and other providers who practice out of a central facility is called a, Funding for Medicare Part B is partially provided by, Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility, MEWA (Multiple Employer Welfare Arrangement), Small employers who are sponsored by an insurer to provide group benefits to its employees are called. C. Funded by federal, state, and local taxes. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Commissioner may impose an administrative penalty. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. A debtor may receive Credit Life insurance in which of the following forms? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? 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 time limit for filing claim disputes is addressed in which provision of an accident and health policy? Because dividends are considered to be a return of premium. C. Remain of their current coverage for 30 months. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. A separate converted policy may, at the option of the insurance company, be issued to cover a (n). The death benefit paid will be what the premium would have purchased at the correct age. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? James is the insured on a life insurance policy where his age was misstated on the application. Who is required to notify the producer in the event of appointment termination? 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. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. 2.1.1 6 Whole life Insurance in Malaysia His policy may be reinstated at any time within _____ years. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. Fundingfor Medicare Part B is Partially provided by. Over the course of a year, which premium payment mode is most expensive? On which date would Sonya have coverage? To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? 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. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. What happens to interest earned if the annuitant dies before the payout start date? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? . A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Which of the following is present when an applicant stands to lose value if the insured dies? Alimited payment whole life policy provides. 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. Whatis the purpose of the medical information Bureau (MIB)? Which rider would pay a monthly amount because of this disability? Producers must complete a total of ____ continuing education credits for each two-year licensing period. 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. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Whoassumes the investment risk with a fixed annuity contract? 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. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. Which market index is associated with an indexed annuity's rate of return? D. The face amount and premium will remain constantover the 10-year period. Which of the following is NOT a duty of the Commissioner? 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. Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. Why are dividends from a mutual insurer not subject to taxation? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. The taxable portion of each annuity payment is calculated using which method? Elizabethis the beneficiary of a life insurance policy. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. Which of the following must be included in the advertisement? Advertising material for a life insurance policy does NOT need to contain which of the following? Course Hero is not sponsored or endorsed by any college or university. a producers secretary who solicits prospects on the telephone. It is administrated by the federal government, C. It is funded by federal, state, and local taxes. Who would make the final determination on whether or not an insurance advertisement is misleading? 1. 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 of the following may be used as continuation education credit? Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? C. Normally graded over a period of 20 years. Providing claim payments to insureds under the guidelines of the insurance contract. As beneficiary, he will pay__taxeson any money withdrawn. A. Whichscenario would most life insurance policies exclude coverage for? Whichof these will have the highest monthly payout upon annuitization? Which of these is NOT a characteristic of the Accelerated Death Benefit option? Reggie purchased a life insurance policy with a face amount of $500,000. She would like to borrow $15,000 against the cash value. 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. How often must an insurance producer's license in Maryland be renewed? Vaginal plastic surgery is made up of two main procedures, external and . Registered for the state insurance examination. Pat is insured with a life insurance policy and Karen is his primary beneficiary. A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Intereston death benefits are NOT required to be paid by an insurance company as longas proceeds are paid within __ after the date of the death of the insured. The greater of the accumulated cash value or the total premium paid. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. This is called a. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. The Premium for a Modified whole life policy is: A. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. The exceptions, reductions, and limitations affecting the basic provisions of the policy, Any advertisement that mentions a dollar amount, period of time for which any benefit is payable, cost of policy, policy benefit, or the loss for which the benefit is payable MUST disclose. 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.

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