Within how many days must a producerreport to the commissioner any administrative actions made against him/her? Medical history from the insured may be reviewed and reported, If an insurer receives a notice of claim under an individual health policy, and fails to provide proof of loss forms within 15 days, the insured must, File a written proof of loss, detailing the occurrence, character and extent of loss. Chapter 8 Texas Laws and Rules Pertinent to I, NY state insurance license practice exam ques, Chapter 16: Private Insurance Plans for Senio, Totalliabilitiesandstockholdersequity, Fundamentals of Financial Management, Concise Edition, Anexo del Real Decreto 1630/2006 Educacin in. Which of these riders will pay a death benefit if the insured's spouse dies? Which of the following is NOT a qualification to be licensed as a producer? How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? c. Solve the equation f(x)=0, if possible. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Which of the following does Medicare Part D cover? On which date would Sonya have coverage? 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. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? 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 Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? 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. Whathappens when an insurance policy is backdated? a producers secretary who solicits prospects on the telephone. Who would make the final determination on whether or not an insurance advertisement is misleading? Which of the following basics is a producer's fiduciary responsibility? 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. This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? All Medicare Supplement policies MUST contain which provision? Which of the following is NOT considered to be an actof fraud? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). Paul has a (n), Failingto Promptly provide a reasonable explanation for the denial of a claim is conservedto be a(n), AnHMO that involves a partnership of physicians and other providers who practiceout of a central facility is called a(n), Smallemployers who are spooned by an insurer to provider group benefits to itsemployees are called. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? Producers must complete a total of ____ continuing education credits for each two-year licensing period. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Craig submits a $500 claim for medical expenses. The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. & \text{Balance}& \text{Balance} & \\ Which of the following is the likely result? EXECUTIVE SUMMARY. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Why are dividends from a mutual insurer not subject to taxation? 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. Which of the following must be included in the advertisement? Her health policy most likely contains a(n). Inwhich of the following situations would the insurer be liable for a loss? 1. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. a producers secretary who solicits prospects on the telephone To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? Which of the following is an example of fraud? How soon can the benefit payments begin with a deferred annuity? A life insurance replacement gives the policyowner the right to return the policy for a 100% refund within _____ days of policy delivery, A producer MUST maintain insurance transaction records for a minimum of ____ years. Fundingfor Medicare Part B is Partially provided by. Hill during her initial calls made to the call center. Term, Whole, and universal lifeinsurance. B. Recieve a tax credit to help offset the cost of health insurance. 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. It is administrated by the federal government, C. It is funded by federal, state, and local taxes. She would like to borrow $15,000 against the cash value. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. What is the contract called that is issued to an employer for a Group Medical Insurance plan? Her agent submitted the information to the insurance company on April 6. 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. What is the primary purpose of a rating service company such as A.M. Best? A minimum of 12 months after date of purchase. Over the course of a year, which premium payment mode is most expensive? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Percent frequency distribution for key variables. Healthinsurance will typically cover which of the following perils? 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. Which of the following is NOT a federal requirement of a qualified plan? C) Unintentionally misrepresented a material fact on the application. 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. 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. 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. 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. Maria would like an annuity that provides a guaranteed accumulation or payout. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. With a past due premium of $100, the insurer pays $400. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. In the event of employment termination, group health insurance can be kept if the employee pays the premiums. A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? 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.
Knox County Crime Map, Custom Steering Wheels Melbourne, Articles A