a producers secretary who solicits prospects on the telephone

Which of the following is the likely result? Find out how you can intelligently organize your Flashcards. 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. A debtor may receive Credit Life insurance in which of the following forms? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. We weren't able to detect the audio language on your flashcards. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? 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. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? 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. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? 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. 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. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. 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. \\ C. Funded by federal, state, and local taxes. Which of the following is present when an applicant stands to lose value if the insured dies? Which rider would pay a monthly amount because of this disability? A master contract and certificate of coverage can be found in which type of policy? 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. During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. Whatis the elimination period of an individual disability policy? . 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. A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Unders Insurance companies look at a number of factors when it comes to setting premiums for a particular company. 1. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? {"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"}}. \end{array} c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. B. Recieve a tax credit to help offset the cost of health insurance. 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. Determine whether the discriminant is positive, negative, or zero. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. 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. An amount the premium would have purchased at the correct age. 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. An insurer may pay a commission in which of the following scenarios? The face amount will remain constant and thepremium will increase over the 10-year period, C. The Premium will remain constant and the faceamount will increase over the 10-year period. b. Johan the producer charged a fee to a sales prospect for analyzing insurance coverages A written statement describing the elements of a policy is called, All of the following are considered appropriate uses of life insurance for business purposes EXCEPT, Protecting the business by covering entry level employees with life insurance, An insured individual and the policy's beneficiary die from the same accident. 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. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? Course Hero is not sponsored or endorsed by any college or university. What may be the result of replacing an existing life insurance policy with a new one? 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. Howsoon can the benefit payments begin with a deferred annuity? Benefits for a Medicare Supplement policy. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? A master contract and certificate of coverage can be found in which type of policy? The type of annuity she is seeking is called? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. Under this plan a, Adoption of a child (an uninsured, eligible employee who acquires a new dependent through marriage, birth, or adoption may qualify for special enrollment in a small employer's health benefit plan). After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. b. Pat the client interest on any monies held. Whichof the following is Medicare Part B also known as? Which of the following does Coordination of Benefits allow? 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. At the request of the insurer to assist in the underwriting decision. Which of thesestatements is true? When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. It would be considered taxable income to the employee. 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. by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Prospective producer who is waiting to take the state examination. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Alimited payment whole life policy provides. 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). cuanto gana un pintor de autos en estados unidos . What happens to interest earned if the annuitant dies before the payout start date? Which of the following is NOT considered to be an actof fraud? pain between 4th and 5th metatarsal. Which of the following basics is a producer's fiduciary responsibility? In which of the following relationship would there NOT be an insurable interest? On which date would Sonya have coverage? It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? 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. Whatis the primary reason for buying an annuity? Which of these if NOT considered a form of life insurance advertisement? The concept is simple - the insured buys the policy and names Life insurance pays after a persons death to help family members pay for debt, lost income, or funeral costs (Life Insurance 686). A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. 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. Which of the following statements is TRUE? 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. 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. B.Canceling a term life policy to buy a whole life policy. 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. The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Which of these may NOT be used in a health insurance advertisement? The two plans are fee-for-service and. A medicare supplement plan can be canceled by the insurer, Small employers who are sponsored by an insurer to provide group benefits to its employees are called, Health insurance involves two perils, accident and _____. by . Whichof these benefit options would he choose? \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ & \text{Balance}& \text{Balance} & \\ What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. What is the purpose of a disability income benefit? Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? by geriford27, 1. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. How many employees must an employer have for a terminated employee to be eligible for COBRA? what happened to amy bailey happy healthy humble . C. Remain of their current coverage for 30 months. XZY company has applied for group health insurance for its employees. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. & \text{Ending}& \text{Beginning} & \\ Annuities are intended to create an estate. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. A. 2.1.1 6 Whole life Insurance in Malaysia Engaged in a fraudulent insurance practices. A Medicare Supplement policy may exclude coverage fora preexisting condition for up to __months. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? Vaginal plastic surgery is made up of two main procedures, external and . What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? The death benefit paid will be what the premium would have purchased at the correct age. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. B. How long is her grace period? What types of life insurance are normally usedfor key employee indemnification? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? A. Fundingfor Medicare Part B is Partially provided by. Afterwards, she deposits the check into her personal checking account. Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? An accident and health policy that provides reimbursement benefits makes them payable to the, A separate converted policy may, at the option of the insurance company, be issued to cover a, Dental treatment is needed to repair an injury. How long must an individual be unable to engage in any gainful activity due physical or mental disability in order to qualify for Social Security Total Disability? Why are dividends from a mutual insurer not subject to taxation? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. In what form do disability income policies typically pay benefits? 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? In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, C. Remain of their current coverage for 30 months. 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? Which of these statements is true? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Whatdoes the word Level in level term describe? 14 day waiting period / 10 year benefit period. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? 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. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Adoctor who accepts Medicare Assignment agree to which of the following ? D. Willfullycollecting a premium that exceeds the amount of the actual premium. What amount will be paid under a policy where the insured misstated his/her age? A doctor who accepts Medicare Assignment agrees to which of the following? 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. 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. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which of the following is NOT required in an order from the Commissioner? The Healthcare Insurance Exchange offers plans for everyone. If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? Must be bonded through the state. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. An annuitant is guaranteed to NOT outlive their benefits will a(n). Bob dies 12 months later. 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. 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. When is an existing health insurance policy required to provide coverage for a new born child? b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. How much does Medicare Part B pay for physician fees? B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Please upgrade to Cram Premium to create hundreds of folders! An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. Erica is 35 years old and owns an IRA. 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. Maria has committed what crime? Duringthe accumulation period, who can surrender an annuity? Mark continues working after the age of 65 and is covered through his employer's group health plan. Providing claim payments to insureds under the guidelines of the insurance contract.

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