Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. Collecting a chargefor insurance that is less than the charge applicable to that insurance. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. She would like to borrow $15,000 against the cash value. How soon can the benefit payments begin with a deferred annuity? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. 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? Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. Afterwards, she deposits the check into her personal account. An amount the premium would have purchased at the correct age. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? 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. Benefits for a Medicare Supplement policy. D.) By providing consumer credit counseling. Whatis the purpose of the medical information Bureau (MIB)? The ________ has the right to renew a small employer health plan. A producer may begin to solicit insurance ONLY. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? Duringthe accumulation period, who can surrender an annuity? Which law do all insurers and their producers need to comply with? What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? D. Willfullycollecting a premium that exceeds the amount of the actual premium. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? How often must an insurance producer's license in New Jersey be renewed? Whendoes a life insurance policy typically become effective? Their offer/administration. The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". A. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. An individual can enroll in a Part C Medicare Advantage Plan at what time? The policy's effective date is earlier than the present, A Renewable Term Life insurance policy can be renewed, At a predetermined date or age, regardless of the insured's health, A producer's secretary who solicits prospects on the telephone. cuanto gana un pintor de autos en estados unidos . 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 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. Temporarily Deposit the funds in a personal account. She recently replaced the policy with a new one that provides better coverage. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? . Complete the sentence using each term once. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. Producing an inadequate amount of new premium. In this situation, who will receive Bob's policy proceeds? Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. 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. 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? 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. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. In event of acontroversy between the insured and the company, the producer is considered to representthe. Which of these will typically authorize treatment from a specialist? Advertising material for a life insurance policy does NOT need to contain which of the following? Whichphase is this annuity in? Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Ahealth care provider claim may be settled using which of the following paymentmethods? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. An annuitant is guaranteed to NOT outlive their benefits will a(n). \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Who would most likely be coveredunder Workers Compensation? In Maryland, a Producer may have his/her license revoked for which of the following acts? Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. Maria has committed what crime? Which of these riders will pay a death benefit if the insured's spouse dies? To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Within how many days must a producer notify the Department of Banking and Insurance of a change in address? Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org Our Future You series provides a range of topical advice and guidance via webinars and podcasts. June 5, 2022 . by geriford27, Which rider would pay a monthly amount because of this disability? Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . A. C. Funded by federal, state, and local taxes. A. This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. 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. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. In Maryland, a producer may have his/her license revoked for which of the following acts? 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. Which of the following would have the HIGHEST premium? Which of these statements about Medicaid iscorrect? Which of these if NOT considered to be a purpose of an annuity? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. Which type of disability would be less than total impairment and equal to permanent impairment? The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Why are dividends from a mutual insurer not subject to taxation? Whowere Keogh Plans designed to provide pension benefits for? All Medicare Supplement policies MUST contain which provision? Which type of life insurance policy is this? 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. The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Which of the following basics is a producer's fiduciary responsibility? Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? a producers secretary who solicits prospects on the telephone. How many months can a life insurance policy normally be backdated from the date of application? When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? Which market index is associated with an indexed annuity's rate of return? 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. Please upgrade to Cram Premium to create hundreds of folders! Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? How many employees must an employer have for a terminated employee to be eligible for COBRA? Under a Traditional IRA, Interest earned istaxed. Which option was chosen? The right-to-examine period in Maryland for long-Term Care polices is ___ days. 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 A producer has committed an insurance crime that violates US code 1033 (interstate commerce). 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? AMaryland insurance producer solicits an insurance policy. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. What happens to interest earned if the annuitant dies before the payout start date? D. Assist an insurer in determine an applicantscreditworthiness. Which type of contract may NOT be issued by an insurance company? 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 is payable MUST disclose. a producers secretary who solicits prospects on the telephone 12. The proceeds of this contract could be subject to the claims of. Tara the producer is delivering a specified disease insurance policy to a new policyowner. Jay the producer is giving insurance advice regarding a prospect's existing coverage. Which of the following is NOT a requirement for soliciting insurance in Maryland? In which of the following relationship would there NOT be an insurable interest? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. Which of these is NOT a characteristic of the Accelerated Death Benefit option? Which of these is NOT considered to be a risk factor in life insurance underwriting? Which of the following is NOT part of an insurance contact? 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. Howdoes one become eligible for part D: Prescription Drug Coverage? All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. This rider is called a(n). B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. What is issued to each employee of an employerhealth plan? The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. 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). 1. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Please select the correct language below. Who would make the final determination on whether or not an insurance advertisement is misleading? 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). Which of these premium payment frequencies is not typically available to a policy owner? Which of the following is a reinstatement condition? Employee must be able to make unlimited contributions. Which of these statements is true? 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. What will the beneficiary receive if an annuitant dies during the accumulation period? What happens to the coverage under a children's term rider when that child reaches a certain specified age? Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. Which of the following statements is TRUE about Medicaid? An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? How long is the Contestable Period for health insurance policies sold in New Jersey? A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. A master contract and certificate of coverage can be found in which type of policy? You have created 2 folders. Howsoon can the benefit payments begin with a deferred annuity? You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Hill during her initial calls made to the call center. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? Eventually, they retire and dissolve the business. B. what happened to amy bailey happy healthy humble . A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? Introducing Cram Folders! When is an existing health insurance policy required to provide coverage for a new born child? Which of the following would be considered a "dependent child"? Which of the following is NOT considered to be an actof fraud? Sonya applied for a health insurance policy on April 1. The commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? Which of these may NOT be used in a health insurance advertisement? How often must an insurance producer's license in Maryland be renewed? Which of these is affected by the frequency of an insurance policy's premium payments? b. Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. Annuities are intended to create an estate. B. Gainsare tax exempt at distribution. 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. What types of life insurance are normally usedfor key employee indemnification? This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. Changing from one occupation to another at the same general status is called _____. Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? The promise of a discount in premium as an inducement to purchase insurance is known as, exchanging a new policy for one already in force, with guidelines regarding credit reporting and distribution, The Fair Credit Reporting Act protects consumers, Terminally-ill life insurance policyowners may sell their policy at a discount to a third party. 1. A. Which of the following is present when an applicant stands to lose value if the insured dies? 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. It is administrated by the federal government, C. It is funded by federal, state, and local taxes. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Tim's individual life insurance policy has just recently lapsed. 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. 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.
