a producers secretary who solicits prospects on the telephone

Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio 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. Which of these may NOT be used in a health insurance advertisement? The face amount and the premium will remain constant over the 10-year period. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. What types of life insurance are normally usedfor key employee indemnification? A doctor who accepts Medicare Assignment agrees to which of the following? Kurt is an active duty serviceman who was recently killed in an accident while home on leave. An individual life insurance policy can be contested by the insurer only during the first _________ years of the contract, An order issued by the commissioner that prohibits a specific practice listed in the order is called a. Which of the following is a reinstatement condition? Which law do all insurers and their producers need to comply with? An attending physician's statement would be appropriate for which life insurance purpose? Find out how you can intelligently organize your Flashcards. 1. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? How long is the Contestable Period for health insurance policies sold in Maryland? As of January 1, 2014, small group health insurance can be rated on the basis of. Net death benefit will be reduced if the loan is not repaid. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Kathysannuity is currently experiencing tax-deferred growth until she retires. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. Which of the following is NOT part of an insurance contact? 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. Its balance sheet for this year is as follows: EndingBeginningBalanceBalanceCashandcashequivalents$48,000$57,000Accountsreceivable41,00044,000Inventory55,00050,000Totalcurrentassets144,000151,000Property,plant,andequipment150,000140,000Lessaccumulateddepreciation50,00035,000Netproperty,plant,andequipment100,000105,000Totalassets$244,000$256,000Accountspayable$32,000$57,000Incometaxespayable25,00028,000Bondspayable60,00050,000Commonstock70,00060,000Ratainedearnings57,00061,000Totalliabilitiesandstockholdersequity$244,000$256,000\begin{array}{l c c} cuanto gana un pintor de autos en estados unidos . Please select the correct language below. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? D.) By providing consumer credit counseling. Which scenario would most life insurance policies exclude coverage for? The prescription of a drug for treatments other than what's labeled is known as _____ use, Coverage for newborns under a health plan MUST include coverage for. Must be bonded through the state. Whichof the following is a requirement for ANY change in an insurance application? Which of these if NOT considered to be a purpose of an annuity? An insurance company needs to obtain personal information from a third party concerning an applicant. Why are dividends from a mutual insurer not subject to taxation? D. Assist an insurer in determine an applicantscreditworthiness. is one of the oldest and best known of all Barbadian funeral establishments. What will the beneficiary receive if an annuitant dies during the accumulation period? & \text{Balance}& \text{Balance} & \\ \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? When initial premium is collected and policy is issued. Commissioner may impose an administrative penalty. How long after its effective date will an individual life insurance policy become incontestable? Maria would like an annuity that provides a guaranteed accumulation or payout. 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. Pat is insured with a life insurance policy and Karen is his primary beneficiary. D.) Intentionally violated state insurance laws. & \text{Ending}& \text{Beginning} & \\ a producers secretary who solicits prospects on the telephone. 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. 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. Which of the following is NOT part of an insurance contract? Juni 2022. Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). Tara the producer is delivering a specified disease insurance policy to a new policyowner. 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. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? D. The face amount and premium will remain constantover the 10-year period. An insurer formed according to the legal requirements of another country is called an. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Which type of disability would be less than total impairment and equal to permanent impairment? Determine whether there are 0,1 , or 2 real solutions to f(x)=0. Whowere Keogh Plans designed to provide pension benefits for? In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. 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. A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. We weren't able to detect the audio language on your flashcards. Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. If an insured dies during the grace period with no premiums paid. A. This type of agreement is called an. Which entity is responsible for processing insurance advertising in New Jersey? What is involved when a life insurance policy has been backdated? 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). Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Which situation accurately describes a reduced paid-up nonforfeiture option? A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. B. What is this an example of? In Maryland, a Producer may have his/her license revoked for which of the following acts? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Adoctor who accepts Medicare Assignment agree to which of the following ? 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. All Medicare Supplement policies MUST contain which provision? Who would be responsible for the prosecution of this crime? This change is called a(n). \\ An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. Inwhich of the following situations would the insurer be liable for a loss? Engaged in a fraudulent insurance practices. Benefits for a Medicare Supplement policy. 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. At the request of the insurer to assist in the underwriting decision. 14 day waiting period / 10 year benefit period. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org In some cases, NDRC also solicits the opinions of relevant Chinese industrial regulators and consulting agencies, which may include industry associations that represent Chinese domestic firms. On which date would Sonya have coverage? How soon can the benefit payments begin with a deferred annuity? A. 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. Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. What happens when an insurance policy is backdated? 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. A. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. B.Change must be initialed by the applicant. Whendoes a life insurance policy typically become effective? Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. 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. Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? What is created after policy proceeds areobtained in a lump sum and then immediately invested? Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? 1. 1. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Reggie purchased a life insurance policy with a face amount of $500,000. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. A non-contributory health insurance plan helps the insurer avoid, An employee under a group insurance policy has the right to name a beneficiary and the right to, A) remain on the group in the event of employment termination, D) Convert to an individual policy in the event of employment termination, D) Convert to an individual policy in the event of employment termination, All of the following are Characteristics of a group life insurance plan EXCEPT, Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? Howdo interest earnings accumulate in a deferred annuity? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? How often must an insurance producer's license in Maryland be renewed? What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? Julie has a $100,000 30-year mortgage on her new home. \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ Which of these premium payment frequencies is not typically available to a policy owner? Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of the following actions by a producer would NOT result in a license suspension or revocation? c. Solve the equation f(x)=0, if possible. The time limit for filing claim disputes is addressed in which provision of an accident and health policy? In the event of employment termination, group health insurance can be kept if the employee pays the premiums. 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.

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