a producers secretary who solicits prospects on the telephone

Whatis the elimination period of an individual disability policy? 5511. Which of the following would be considered a "dependent child"? What is the purpose of having an accelerated death benefit on a life insurance policy? Which of the following is CORRECT regarding the death benefit amount. Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. His policy may be reinstated at any time within _____ years. 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. A. Afterwards, she deposits the check into her personal checking account. Which of these is NOT a characteristic of the Accelerated Death Benefit option? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? Which law do all insurers and their producers need to comply with? D. The face amount and premium will remain constantover the 10-year period. 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. 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 attending physician's statement would be appropriate for which life insurance purpose? 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. Under a life insurance policy, what does the insuring clause state? Which of the following is present when an applicant stands to lose value if the insured dies? 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. 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. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ a. Mustmeet certain underwriting guidelines. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. 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. A policyowner suffers an injury that renders him incapable of performing one or more important job duties. The policy automatically converts to whole lifeafter the 10-year period, B. Upon delivery, she may be expected to collect all of the following EXCEPT a(n), Modified application with a new signature, All of these are valid policy dividend options for a life insurance policyowner EXCEPT. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. Which of the following is a reinstatement condition? Which rider would pay a monthly amount because of this disability? Bob and Tom start a business. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Which of the following would have the HIGHEST premium? Maria has committed what crime? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Which of the following is true concerning the proceeds of a life insurance policy? Making the policy effective on an earlier date than the present. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay, Paul is an employee who caught a disease unique to the trade in which he was exposed to. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? A producer may be disciplined by the Commissioner for which of the following actions? At what age does the open enrollment period typically begin for Medicare Supplement coverage? In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. Which of the following is NOT required in an order from the Commissioner? Which of these may NOT be used in a health insurance advertisement? How often must an insurance producer's license in Maryland be renewed? Percent frequency distribution for key variables. In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, 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. What happens when an insurance policy is backdated? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. Eventually, they retire and dissolve the business. She paid the premium on May 15 with the policy indicating the effective date being May 30. How much does Medicare Part B pay forphysician fees? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. Duringthe accumulation period, who can surrender an annuity? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . The taxable portion of each annuity payment is calculated using which method? d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. _____ 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. What is the contract called that is issued to an employer for a Group Medical Insurance plan? Write a sentence explaining its significance to the executive branch. Who would make the final determination on whether or not an insurance advertisement is misleading? The greater of the accumulated cash value or the total premium paid. Whatis the primary reason for buying an annuity? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. a producers secretary who solicits prospects on the telephone 12. This type of agreement is called an. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) juin 5, 2022 . What will the beneficiary receive if an annuitant dies during the accumulation period? In Maryland, a Producer may have his/her license revoked for which of the following acts? Which of the following is NOT a qualification to be licensed as a producer? 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. An individual the means to replace wages. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. A master contract and certificate of coverage can be found in which type of policy? The company did not retire any bonds or repurchase any of its own common stock during the year. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. A licensed producer is required to file notice of any change of address within how many days? They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. B.Canceling a term life policy to buy a whole life policy. No federal income tax is owed on life insurance proceeds, A non-contributory health insurance plan helps the insurer avoid, States that have "no loss no gain" laws require a replacing policy to, Pay for ongoing claims under the policy it replaces. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? 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. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. Which of these statements about Medicaid iscorrect? Whatwould be an expense factor in an insurance program? A. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? A. C.) Unintentionally misrepresented a material fact on the application. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. What may be the result of replacing an existing life insurance policy with a new one? C. Funded by federal, state, and local taxes. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. A master contract and certificate of coverage can be found in which type of policy? When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? In Maryland, a producer may have his/her license revoked for which of the following acts? Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. D. Willfullycollecting a premium that exceeds the amount of the actual premium. 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. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. Maria has committed what crime? How long is the Contestable period for health insurance policies sold in Maryland? Which of the following topics needs to be discussed with this client? When an applicant passes a licensing examination and answers all background questions negatively. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. Which of the following is NOT considered to be an actof fraud? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. 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. When are group disability benefits considered to be tax-free to the insured? Tim's individual life insurance policy has just recently lapsed. D.) Intentionally violated state insurance laws. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. Complete the sentence using each term once. Adoctor who accepts Medicare Assignment agree to which of the following ? A newborn is required to be covered for ______ days from the moment of birth. \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? In this situation, who will receive Bob's policy proceeds? An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? 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. An annuitant is guaranteed to NOT outlive their benefits will a(n). Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Which disability policy provision would address any concerns of the value of the benefits decreasing over time? a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? Whichof the following is Medicare Part B also known as? Maria the agent would like to advertise an annuity product on a highway billboard. Assist in the underwriting of insurance policies. Kathysannuity is currently experiencing tax-deferred growth until she retires. Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. 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). Who regulates the quality care provided by a health maintenance organization (HMO)? What is the purpose of the Medical Information Bureau (MIB)? Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Within how many days must a producerreport to the commissioner any administrative actions made against him/her? Whendoes a life insurance policy typically become effective? Her health policy most likely contains a(n). A Whole life policy option where extended terminsurance is selected is called a(n), A provision in a whole life policy that allows apolicy owner to terminate the policy in return for a reduced paid-up policy ofthe same type is called a(N). Which of the following is required for an insurer to conduct business in this state? 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. 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, Under a small group health plan, an insurer is required to provide a newly-married employee at least ____ days to add the new spouse to the plan, replacing an insurance policy from one insurer to another based on misrepresentation, legible and brief description of the policy on the first page, Each delivered life insurance policy in Maryland MUST include a, The _____________ of Coverage describes policy features, benefits, exclusions, and riders in a Long-Term Care policy, A person who, for a fee, gives advice or recommendations on benefits provided by an insurance contract is called, Child over the age of 18 years who attends an educational institution and relies on the insured employee for financial support. C. Careis only covered in a government facility, D. Careis only covered if primary care physician gives a referral, Theopen enrollment period for Medicare part B is, D. Generaltax revenue and user premiums. A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. Providing claim payments to insureds under the guidelines of the insurance contract. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. The standard grace period for a life insurance policy sold in Maryland is. The law that established insurance transactions regulated by the states is called. Which of the following is NOT part of an insurance contact? 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? 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. 14 day waiting period / 10 year benefit period. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Which of the following is the likely result? 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. 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. Introducing Cram Folders! 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. The policies continue in force with no change. Which of the following is a requirement for ANY change in an insurance application? 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.

What Is Considered Unsafe Living Conditions For A Child, Onn Gaming Keyboard Software, Wake County Arrests Wral, Texas Rangers Coaching Staff 2022, Florida Man September 26 1996, Articles A