a producers secretary who solicits prospects on the telephone

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. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. Whatdoes the word Level in level term describe? . Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? What is the purpose of having an accelerated death benefit on a life insurance policy? Why are dividends from a mutual insurer not subject to taxation? Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Whatis the primary reason for buying an annuity? When does a life insurance policy typically become effective? The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Their offer/administration. 1. 59 and owned account for a minimum of 10 years, B. 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. b. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? 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. a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . Which of the following statements is TRUE? Which of the following is a reinstatement condition? It is administrated by the federal government, C. It is funded by federal, state, and local taxes. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which scenario would most life insurance policies exclude coverage for? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Whichscenario would most life insurance policies exclude coverage for? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Producers must complete a total of ____ continuing education credits for each two-year licensing period. In this situation, who will receive Bob's policy proceeds? 1. Premium mode is a term used to describe the, A newborn is required to be covered for _____ days from the moment of birth, A clause that allows an insurer the right to terminate coverage at any anniversary date is called. Maria has committed what crime? B.) Which of these will typically authorize treatment from a specialist? How often must the Commissioner examine each domestic insurance company? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. 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. Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. Which of the following is present when an applicant stands to lose value if the insured dies? June 5, 2022 . Which of these statements is true? Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Which of the following basics is a producer's fiduciary responsibility? Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Engaged in a fraudulent insurance practices. 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. Maria would like an annuity that provides a guaranteed accumulation or payout. D. Willfullycollecting a premium that exceeds the amount of the actual premium. Craig submits a $500 claim for medical expenses. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. How long is her grace period? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? Mark continues working after the age of 65 and is covered through his employer's group health plan. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. The face amount and the premium will remain constant over the 10-year period. A debtor may receive Credit Life insurance in which of the following forms? 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. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) What happens when an insurance policy is backdated? by . Which of the following is NOT a qualification to be licensed as a producer? Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. 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). An insurer may pay a commission in which of the following scenarios? 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. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Shirley has a $500,000 10-year non-renewable level term life policy. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? A. How many employees must an employer have for a terminated employee to be eligible for COBRA? The policy automatically converts to whole lifeafter the 10-year period, B. a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application C) Unintentionally misrepresented a material fact on the application. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. 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. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. D. Level for the first 5 years then decreases forthe remainder of the policy. In Maryland, a Producer may have his/her license revoked for which of the following acts? Whendoes a life insurance policy typically become effective? Registered for the state insurance examination. B. Recieve a tax credit to help offset the cost of health insurance. Which of the following is NOT considered to be an actof fraud? a producer's secretary who solicits prospects on the telephone. Re: Acting as insurance producer without a license Questions Presented 1. 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. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Using derogatory statements about an insurance company's financial condition. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Whichof the following is Medicare Part B also known as? Determine whether the discriminant is positive, negative, or zero. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Prospective producer who is waiting to take the state examination. In Maryland, a producer may have his/her license revoked for which of the following acts? An insurance company may ONLY pay a sales commission to, Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called. When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? A licensee MUST notify the Commissioner of an address change within _______ days of the change, Violations of US Code Title 18 section 1033 may result in, In the state of Maryland, a licensed producer, sharing commissions with other licensed and appointed agents, All of the following actions are considered rebating EXCEPT, Under the Maryland Health Insurance Plan, comprehensive health benefits are provided to, A producer who knowingly submits a false statement in support of a claim. b. Pat the client interest on any monies held. 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. Benefits for a Medicare Supplement policy. 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. Introducing Cram Folders! . Annuities are intended to create an estate. Life insurance policies will. What amount will be paid under a policy where the insured misstated his/her age? You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Which of the following is NOT required in an order from the Commissioner? Which of these if NOT considered a form of life insurance advertisement? 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. assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. Which of these is NOT considered to be a risk factor in life insurance underwriting? In the event of employment termination, group insurance can be kept if the employee pays the premiums. What is the primary purpose of a rating service company such as A.M. Best? Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? Which course of action must be taken by the Commissioner? What types of life insurance are normally usedfor key employee indemnification? What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ Who is eligible for insurance under a group policy issued to a labor union? a. Who would be responsible for the prosecution of this crime? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. 1. She recently replaced the policy with a new one that provides better coverage. How many months can a life insurance policy normally be backdated from the date of application? A. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. One of. Which of the following statements is TRUE about Medicaid? To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ 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. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. 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. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. juin 5, 2022 . Whatwould be an expense factor in an insurance program? A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. D. Administered by the federal government. 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. Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? An attending physician's statement would be appropriate for which life insurance purpose? What are the levels of coverage as defined by the Affordable Care Act? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Which of these may NOT be used in a health insurance advertisement? All of these are standard exclusions found in a life insurance policy EXCEPT. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. New Jersey Department of Banking Insurance, A limited payment whole life policy provides, All advertisements for health insurance shall make clear the identity of the, The double indemnity provisions in a life insurance policy pertains to an insured's death caused by a. Mike has inherited his father's traditional IRA. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. visas, binomial trials. 5511. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? AnIndividual can enroll in a part C Medicare Advantage Plan at what time? D.) Intentionally violated state insurance laws. Howdoes one become eligible for part D: Prescription Drug Coverage? 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? In the advertising of Individual Life Insurance policies, an "introductory" or "special enrollment" may not be made available until any previous enrollment period for the same policy has been closed for at least how long? Which of these is NOT an Unfair Claims Settlement Practice? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. A doctor who accepts Medicare Assignment agrees to which of the following? d. Individual disability income insurance premiums. Term, Whole, and universal lifeinsurance. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? A. a producers secretary who solicits prospects on the telephone. All of these are responsibilities of the Commissioner EXCEPT, policy must be issued to XYZ, and a certificate must be issued to each employee, XYZ Corp was issued a group health policy for its employees. The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? In the event of employment termination, group health insurance can be kept if the employee pays the premiums. Who would make the final determination on whether or not an insurance advertisement is misleading? 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. This type of agreement is called an. Submit to the replacing insurer a list of the policies to be replaced. c. Solve the equation f(x)=0, if possible. Howdo interest earnings accumulate in a deferred annuity? Whowere Keogh Plans designed to provide pension benefits for? how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . 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. She may reinstate her policy within _____ years. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. 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. 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. Former dependent of employee no longer ofdependent status. A. 1. a producers secretary who solicits prospects on the telephone Call us (+254) 722 22 99 44 Email polucon@polucon.com Our Laboratories Nairobi & Mombasa fort worth murders 1990s Home Services a producers secretary who solicits prospects on the telephone Micro-Biology Services Agri - Services Instrumentation Division Environment Division What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period? How many days notice must the Commissioner give prior to a hearing? Kathy pays a monthly premium on her health insurance policy. An individual who has a hobby racing cars once a month. Juni 2022. What happens to interest earned if the annuitant dies before the payout start date? A producer who sells an individual life insurance policy in Maryland MUST deliver to the policyowner a, Refusing to pay persons bringing false or fraudulent claims, All of these may be an Unfair Claims Practice EXCEPT, is eligible for a Federal tax credit through the SHOP Exchange, An existing health benefit plan offered by a small employer may be replaced by a SHOP Exchange Navigator only if the small employer, An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A producer has recently died and leaves behind a spouse. As beneficiary, he will pay__taxeson any money withdrawn. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Add to folder Pay for Medicare charges exceeding the approvedamount. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her.

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