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. Within how many days must a producer notify the Department of Banking and Insurance of a change in address? When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? A producer may be disciplined by the Commissioner for which of the following actions? Jay the producer is giving insurance advice regarding a prospect's existing coverage. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? This change is called a(n). Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. How often must an insurance producer's license in Maryland be renewed? How long is the Contestable Period for health insurance policies sold in Maryland? Within how many days must a producerreport to the commissioner any administrative actions made against him/her? Peter Griffith, Funeral Director of Lyndhurst Funeral Home. How much does Medicare Part B pay for physician fees? In which of the following relationship would there NOT be an insurable interest? A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. 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. Whowere Keogh Plans designed to provide pension benefits for? This type of agreement is called an. 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. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Which rider would pay a monthly amount because of this disability? The type of annuity she is seeking is called? 1. 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. When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? An insurer formed according to the legal requirements of another country is called an. When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? A. Doctormay charge up to a maximum of 15% more than Medicare pays for the service, B. Doctoris not bound by Medicare limitations on charge, C. Doctorcannot charge more than Medicares scheduled coverage, D. Doctor bills the Medicare beneficiary directlyfor services performed, A. Alwaysrequires service in a network, B. Providesa greater choice of providers, C. Alwaysrequires a referral to specialists. The Commissioner issues a subpoena to a producer. Advertising material for a life insurance policy does NOT need to contain which of the following? The proceeds of this contract could be subject to the claims of. Maria has committed what crime? Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Which of thesestatements is true? A closed network plan offers a primary physician copay of $25. 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. Over the course of a year, which premium payment mode is most expensive? Which of the Uniform Optional Provisions covers this situation? A. When are group disability benefits considered to be tax-free to the insured? Adoctor who accepts Medicare Assignment agree to which of the following ? Whichphase is this annuity in? One of. Which of the following is NOT a requirement for soliciting insurance in Maryland? Prospective producer who is waiting to take the state examination. c. Travel accidental insurance premiums. An insurer may pay a commission in which of the following scenarios? How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Which situation accurately describes a reduced paid-up nonforfeiture option? 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. With a past due premium of $100, the insurer pays $400. One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. A whole life policy option where extended term insurance is selected is called a(n). A policyowner suffers an injury that renders him incapable of performing one or more important job duties. (p^1p^2). On which date would Sonya have coverage? All of these are standard exclusions found in a life insurance policy EXCEPT. A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? There are several types of whole life insurance that are as follow:- a producers secretary who solicits prospects on the telephone. What is the purpose of a disability income benefit? The names of the insurance companies represented by the producer. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. pain between 4th and 5th metatarsal. Howdo interest earnings accumulate in a deferred annuity? When an applicant passes a licensing examination and answers all background questions negatively. Which of these describes the change that will take place?A) Coordination of benefitsB) ConversionC) Extension of benefitsD) Rollover, Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.A) policyB) certificateC) applicationD) rider. Which of the following statements is TRUE? by . 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. It would be considered taxable income to the employee. The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. Pierre MUST remit the premium to his insurer within ___ business days of receipt. Fundingfor Medicare Part B is Partially provided by. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. 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. Which of the following would be the appropriate tax consequence? 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. 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. Both May and John are injured. In Maryland, a Producer may have his/her license revoked for which of the following acts? Which type of life insurance policy is this? Unintentionally misrepresented a material fact on the application. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? XZY company has applied for group health insurance for its employees. An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. Policyowners from misrepresentations and loss of benefits, Replacement regulation is designed to protect, A producer must notify the Commissioner within _____ days of a felony conviction, Dependent children under a health insurance plan must be provided coverage up to age, written authorization from the proposed insured, Prior to conducting an HIV-related test, the insurer must obtain, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Whatis the elimination period of an individual disability policy? Changing from one occupation to another at the same general status is called _____. A life insurance policy is hallowed ___ days upon policy delivery to return the policy for a full premium refund.. An order issued by the commissioner that prohibits a specific practice listed in the order is called a (n). Whoassumes the investment risk with a fixed annuity contract? Complete the sentence using each term once. At what age does the open enrollment period typically begin for Medicare Supplement coverage? A. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. If a producer has been engaged in an administrative action by any governmental agency, within how many days following the final deposition must the producer report the action to the Commissioner? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? A licensed producer is required to file notice of any change of address within how many days? Afterwards, she deposits the check into her personal account. Who regulates the quality care provided by a health maintenance organization (HMO)? Shirley has a $500,000 10-year non-renewable level term life policy. Mark continues working after the age of 65 and is covered through his employer's group health plan. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. Which of the following basics is a producer's fiduciary responsibility? To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Add to folder Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. 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. Pay for Medicare charges exceeding the approvedamount. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? Whichmarket index is normally associated with an indexed annuitys rate of return? B. a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. Mikehas inherited his fathers traditional IRA. C.) Unintentionally misrepresented a material fact on the application. Which course of action must be taken by the Commissioner? You have created 2 folders. _____ 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. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. An annuitant is guaranteed to NOT outlive their benefits will a(n). D. Assist an insurer in determine an applicantscreditworthiness. In what form do disability income policies typically pay benefits? Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. This rider is called a(n). What happens to interest earned if the annuitant dies before the payout start date? B.) who would be responsible for the prosecution of this crime? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? 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. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. Which of the following is required for an insurer to conduct business in this state? In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? 1. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio Which of the following is Medicare Part B also known as? Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Which of the following is a reinstatement condition? a producers secretary who solicits prospects on the telephone. 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. 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. All Medicare Supplement policies MUST contain which provision? Collecting a chargefor insurance that is less than the charge applicable to that insurance. What happens when an insurance policy is backdated? Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Which military service exclusion clause would pay upon his death? In what part of insurance policy benefits found? Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. C. Normally graded over a period of 20 years. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. The rider is called a(n), All if these are valid options for an adjustable life policy except, A non forfeiture option can be used to increase the death benefit. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. Which of the following must be included in the advertisement? Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org In some cases, NDRC also solicits the opinions of relevant Chinese industrial regulators and consulting agencies, which may include industry associations that represent Chinese domestic firms. Which of the following actions by a producer would NOT result in a license suspension or revocation? & \text{Ending}& \text{Beginning} & \\ port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador is one of the oldest and best known of all Barbadian funeral establishments. What may be the result of replacing an existing life insurance policy with a new one? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. Bob and Tom start a business. The policy automatically converts to whole lifeafter the 10-year period, B. Maria has committed what crime? A term life insurance policy is what most people think of when they think about life insurance. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. Whichof the following is Medicare Part B also known as? B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Which of the following is NOT considered to be an act of fraud? An attending physician's statement would be appropriate for which life insurance purpose? D. Administered by the federal government. Provides the insured a specific dollar amount for services, An example of an unfair method of competition is, Overstating the benefits of an insurance policy, A pharmacy benefit covers prescription drugs derived from a list called, The type of policy which pays on the death of the last person is called, Converting a group plan to permanent life insurance requires, The conversion being applied for within 31 days of termination, Ownership of a life insurance policy may be temporarily transferred with a(n). A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called.
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