June 24, 2022 . Within how many days must a producer notify the Department of Banking and Insurance of a change in address? Which of the following is Medicare Part B also known as? Net death benefit will be reduced if the loan is not repaid. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. What is the contract called that is issued to an employer for a Group Medical Insurance plan? D. Licensedproducers not appointed by an insurer. a producers secretary who solicits prospects on the telephone. 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. 1. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. B. A. 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. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Which scenario would most life insurance policies exclude coverage for? A master contract and certificate of coverage can be found in which type of policy? Which type of life insurance policy is this? Tara the producer is delivering a specified disease insurance policy to a new policyowner. Whichof these will have the highest monthly payout upon Annuitization? Which of the following situations would be suitable for a temporary work authority? by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. Under a Traditional IRA, Interest earned istaxed. How long after its effective date will an individual life insurance policy become incontestable? How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which type of disability would be less than total impairment and equal to permanent impairment? If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Which of the following is NOT part of an insurance contact? James is the insured on a life insurance policy where his age was misstated on the application. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. Collecting a chargefor insurance that is less than the charge applicable to that insurance. \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. c. Travel accidental insurance premiums. Which of the following statements is TRUE? C. Remain of their current coverage for 30 months. D. Willfullycollecting a premium that exceeds the amount of the actual premium. Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. by geriford27, May an insurance producer licensed in New Jersey but not in New York sell a life insurance policy to a New York resident while in New Jersey? As beneficiary, he will pay ____ taxes on any money withdrawn. Which of the following is true concerning the proceeds of a life insurance policy? 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. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? 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. 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 settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Whatwould be an expense factor in an insurance program? All of these are standard exclusions found in a life insurance policy EXCEPT. Claims for a Long-Term Care policy MUST be paid for which of the following conditions? In Maryland, a producer may have his/her license revoked for which of the following acts? What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. Which of these will typically authorize treatment from a specialist? A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). Elizabethis the beneficiary of a life insurance policy. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". a producers secretary who solicits prospects on the telephone Which of the following is the likely result? Which of the following would be considered a "dependent child"? New Jersey insurance law requires eligible individuals to make an election to continue health insurance benefits within a MAXIMUM of _____ days after coverage termination, A _____ insurance company is one that was formed under the laws of a state other than New Jersey, All of the following are typically included in a life insurance policy illustration EXCEPT, Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Benefits for a Medicare Supplement policy. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. 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. At the request of the insurer to assist in the underwriting decision. Which of the following is the likely result? audio not yet available for this language. 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. pain between 4th and 5th metatarsal. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? Whichof these will have the highest monthly payout upon annuitization? Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. There are several types of whole life insurance that are as follow:- 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. visas, binomial trials. Which of these statements is true? We weren't able to detect the audio language on your flashcards. Using derogatory statements about an insurance company's financial condition. 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. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Whichtype of life insurance is normally associated with a payor benefit rider? Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Which of the following is considered a tax-deductible medical expenseunder this rule? by . Changing from one occupation to another at the same general status is called _____. Which of these if NOT considered a form of life insurance advertisement? Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. A producer has recently died and leaves behind a spouse. D. The face amount and premium will remain constantover the 10-year period. The time limit for filing claim disputes is addressed in which provision of an accident and health policy? We understand that this must have been both very frustrating and disappointing. Which of the Uniform Optional Provisions covers this situation? Course Hero is not sponsored or endorsed by any college or university. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Which of the following is NOT part of an insurance contract? With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which of these is NOT considered to be a risk factor in life insurance underwriting? 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. 1. In what form do disability income policies typically pay benefits? Both May and John are injured. Which of the following is a requirement for ANY change in an insurance application? (p^1p^2). a producers secretary who solicits prospects on the telephone. C.) Unintentionally misrepresented a material fact on the application. 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. 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. A minimum of 12 months after date of purchase. A closed network plan offers a primary physician copay of $25. An individual can enroll in a Part C Medicare Advantage Plan at what time? The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? One of. The company did not retire any bonds or repurchase any of its own common stock during the year. The entity which issues the certificate of authority is the, A policyowner has _____ days after policy delivery to return a major medical policy for a full refund, make any transactions before being approved for a licence, counsels and advises the Governor on all matters assigned to the Maryland Insurance Administration, A Maryland insurance producer solicits an insurance policy. An error was made on Erica's life insurance application. 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. 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. We'll bring you back here when you are done. Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. Which military service exclusion clause would pay upon his death? A. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. It is health insurance for the elderly. 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 ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. What is this an example of? Which of the following is NOT information found in a life insurance buyer's guide? A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. 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. D.) Intentionally violated state insurance laws. 59 and owned account for a minimum of 5 years, C. 70 and owned account for a minimum of 10 years, D. 70 and owned account for a minimum of 5 years, A. Cancelingdisability policy to buy a term life policy, B. Cancelinga term life policy to buy a whole life policy, C. Cancelinga long-term care policy to buy a whole life policy, D. Cancelinga whole life policy to buy a major medical policy. Must be bonded through the state.