a producers secretary who solicits prospects on the telephonepython write list to file without brackets

Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. C. Normally graded over a period of 20 years. How long after its effective date will an individual life insurance policy become incontestable? Whatis the primary reason for buying an annuity? a producers secretary who solicits prospects on the telephone. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? All Medicare Supplement policies MUST contain which provision? All Medicare Supplement policies MUST contain which provision? 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. (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Which of the following statements is TRUE? How often must an insurance producer's license in New Jersey be renewed? A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. Pat is insured with a life insurance policy and Karen is his primary beneficiary. 5511. This is called a. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Insurance\/Healt Agent Exam","payreferer_url":"\/flashcards\/copy\/insurance-healt-agent-exam--11456962","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? A minimum of 12 months after date of purchase. a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone How many days notice must the Commissioner give prior to a hearing? Underthe Maryland health insurance plan, comprehensive health benefits are providedto. Whoassumes the investment risk with a fixed annuity contract? 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. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. 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. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Term, Whole, and universal lifeinsurance. 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. 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. What will the beneficiary receive if an annuitant dies during the accumulation period? 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. Which of the following is NOT information found in a life insurance buyer's guide? d. Individual disability income insurance premiums. 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? 1. Which of these may NOT be used in a health insurance advertisement? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. AMaryland insurance producer solicits an insurance policy. 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. D. Willfullycollecting a premium that exceeds the amount of the actual premium. Which of the following is NOT a duty of the Commissioner? 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. Which of the following is NOT considered to be an actof fraud? Ahealth care provider claim may be settled using which of the following paymentmethods? Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. An amount the premium would have purchased at the correct age. You have created 2 folders. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. The ________ has the right to renew a small employer health plan. How long is her grace period? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Bob dies 12 months later. A master contract and certificate of coverage can be found in which type of policy? Maria has committed what crime? Whichtype of life insurance is normally associated with a payor benefit rider? A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. a. 2.1.1 6 Whole life Insurance in Malaysia 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. A producer has recently died and leaves behind a spouse In order for 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 producers secretary who solicits prospects on the telephone Tim's individual life insurance policy has just recently lapsed. Which of the following is the likely result? A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. What is the purpose of having an accelerated death benefit on a life insurance policy? Which of the following actions by a producer would NOT result in a license suspension or revocation? Julie has a $100,000 30-year mortgage on her new home. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. Which of these is NOT considered to be a risk factor in life insurance underwriting? 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. Whichof these benefit options would he choose? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? Submit to the replacing insurer a list of the policies to be replaced. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. 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). by . 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. Providing claim payments to insureds under the guidelines of the insurance contract. What is involved when a life insurance policy has been backdated? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. Which of the following is NOT required in an order from the Commissioner? A producer has recently died and leaves behind a spouse. Who is required to notify the producer in the event of appointment termination? a producers secretary who solicits prospects on the telephone Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. D. Adjustable, permanent, and limited-pay lifeinsurance. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? Who would be responsible for the prosecution of this crime? 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. C. Funded by federal, state, and local taxes. The Healthcare Insurance Exchange offers plans for everyone. Add to folder This change is called a(n). A producer may be disciplined by the Commissioner for which of the following actions? D. The face amount and premium will remain constantover the 10-year period. The Commissioner issues a subpoena to a producer. 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. Which of the following is a reinstatement condition? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ EXECUTIVE SUMMARY. who would be responsible for the prosecution of this crime? 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. Eventually, they retire and dissolve the business. A whole life policy option where extended term insurance is selected is called a(n). Please upgrade to Cram Premium to create hundreds of folders! 1. 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. 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. Healthinsurance will typically cover which of the following perils? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Sonya applied for a health insurance policy on April 1. What are the levels of coverage as defined by the Affordable Care Act? A master contract and certificate of coverage can be found in which type of policy? Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Mary ran into John, another employee, who happened to be taking outthe garbage. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? a producers secretary who solicits prospects on the telephone Employee must be able to make unlimited contributions. Prospective producer who is waiting to take the state examination. a producers secretary who solicits prospects on the telephone. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Life insurance policies will. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. Under a life insurance policy, what does the insuring clause state?

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