a producers secretary who solicits prospects on the telephone

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. Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ Craig submits a $500 claim for medical expenses. Which of the following is NOT a duty of the Commissioner? When an applicant passes a licensing examination and answers all background questions negatively. 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 Ahealth care provider claim may be settled using which of the following paymentmethods? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. AMaryland insurance producer solicits an insurance policy. Whendoes a life insurance policy typically become effective? Which of the following is the likely result? To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. On which date would Sonya have coverage? CashandcashequivalentsAccountsreceivableInventoryTotalcurrentassetsProperty,plant,andequipmentLessaccumulateddepreciationNetproperty,plant,andequipmentTotalassetsAccountspayableIncometaxespayableBondspayableCommonstockRatainedearningsTotalliabilitiesandstockholdersequityEndingBalance$48,00041,00055,000144,000150,00050,000100,000$244,000$32,00025,00060,00070,00057,000$244,000BeginningBalance$57,00044,00050,000151,000140,00035,000105,000$256,000$57,00028,00050,00060,00061,000$256,000. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. Duringthe accumulation period, who can surrender an annuity? & \text{Balance}& \text{Balance} & \\ 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? d. A covered employee if terminated for grossmisconduct. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. Which of the following would have the HIGHEST premium? How long is the Contestable period for health insurance policies sold in Maryland? Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. What types of life insurance are normally usedfor key employee indemnification? Mark continues working after the age of 65 and is covered through his employer's group health plan. Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). Whichof these will have the highest monthly payout upon annuitization? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. All Medicare Supplement policies MUST contain which provision? The legal action provision in a health contract is limited to no more than ___ years. a. Mustmeet certain underwriting guidelines. C. Remain of their current coverage for 30 months. 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. This is called a. 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. Whatdoes the word Level in level term describe? The policyholder for a group health benefit plan is considered to be the, A Medicare Supplement policy can be cancelled by the insurer for, As of January 1, 2007, producer's license expires, Every two years on the last day of the producer's birth month, An insurer has the right to recover payment made to the insured from the negligent party. Claims for a Long-Term Care policy MUST be paid for which of the following conditions? What amount will be paid under a policy where the insured misstated his/her age? 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. Peter Griffith, Funeral Director of Lyndhurst Funeral Home. How much does Medicare Part B pay for physician fees? 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. June 24, 2022 . A licensed producer is required to file notice of any change of address within how many days? D. The face amount and premium will remain constantover the 10-year period. When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? New Jersey insurance law requires eligible individuals to make an election to continue health insurance benefits within a MAXIMUM of _____ days after coverage termination, A _____ insurance company is one that was formed under the laws of a state other than New Jersey, All of the following are typically included in a life insurance policy illustration EXCEPT, Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. The type of annuity she is seeking is called? Write a sentence explaining its significance to the executive branch. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Which of the following would be considered a "dependent child"? The names of the insurance companies represented by the producer. Which course of action must be taken by the Commissioner? Which type of contract may NOT be issued by an insurance company? The rider is called a(n), All if these are valid options for an adjustable life policy except, A non forfeiture option can be used to increase the death benefit. 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 Who would most likely be coveredunder Workers Compensation? A master contract and certificate of coverage can be found in which type of policy? Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. If an insured dies during the grace period with no premiums paid. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. The standard grace period for a life insurance policy sold in Maryland is. B. Recieve a tax credit to help offset the cost of health insurance. 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. \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ Which of the following is NOT considered to be an actof fraud? 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). Whichof the following is Medicare Part B also known as? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Under a Traditional IRA, Interest earned istaxed. To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. 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. Pay for Medicare charges exceeding the approvedamount. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. What is involved when a life insurance policy has been backdated? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Bob dies 12 months later. You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Engaged in a fraudulent insurance practices. Kathysannuity is currently experiencing tax-deferred growth until she retires. A term life insurance policy is what most people think of when they think about life insurance. Within how many days must a producer notify the Department of Banking and Insurance of a change in address? What happens to interest earned if the annuitant dies before the payout start date? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . 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. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. What does the word "level" in Level Term describe? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Which of the following is Medicare Part B also known as? Howdoes one become eligible for part D: Prescription Drug Coverage? 1. d. Individual disability income insurance premiums. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. The proceeds of this contract could be subject to the claims of. Eventually, they retire and dissolve the business. To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Julie has a $100,000 30-year mortgage on her new home. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which scenario would most life insurance policies exclude coverage for? Reggie purchased a life insurance policy with a face amount of $500,000. The ________ has the right to renew a small employer health plan. Which of the following is a reinstatement condition? 1. c. Travel accidental insurance premiums. Which of the following is present when an applicant stands to lose value if the insured dies? XZY company has applied for group health insurance for its employees. PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. In the event of employment termination, group insurance can be kept if the employee pays the premiums. juin 5, 2022 . As of January 1, 2014, small group health insurance can be rated on the basis of. 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. Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. A producer is meeting with a client to determine whether an annuity would be suitable for purchase. In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. Which of these statements is true? Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. Unintentionally misrepresented a material fact on the application. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? 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. How long is her grace period? Which disability policy provision would address any concerns of the value of the benefits decreasing over time? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . B.Canceling a term life policy to buy a whole life policy. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. All of these are standard exclusions found in a life insurance policy EXCEPT. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? 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. Which of the following is considered a tax-deductible medical expenseunder this rule? An insurance company needs to obtain personal information from a third party concerning an applicant. Juni 2022. Which of the following actions by a producer would NOT result in a license suspension or revocation? What is this an example of? a producers secretary who solicits prospects on the telephone Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? A. How long is the Contestable Period for health insurance policies sold in Maryland? Which of the following is a requirement for ANY change in an insurance application? Which of the following does Medicare Part D cover? 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. An individual can enroll in a Part C Medicare Advantage Plan at what time? belmont funeral home obituaries barbados Bob and Tom start a business. What does the Group Life underwriting risk selection process help protect insurance companies from? D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. D.) By providing consumer credit counseling. Assist in the underwriting of insurance policies. Unit 4 Assign Rubric Impact of Colonial Experience (2).pdf, 0B1FC21B-547A-410E-8D8F-64E2A8C35084.jpeg, My Path Assessment Editor _ WorldQuant University.pdf, Oral liquid 50 microgramsml Tablet 625 micrograms 250 micrograms epinephrine, spirit its source is what constitutes religion This can be traced to the, Write in a brief description for the bubbles with underlined words 2 Choose a, BUS 1021 Organizational Behavior (OB) Consulting Assignment.edited11.docx, lOMoARcPSD11771818 True or False The above plot shows clear evidence that the, 2 Non tariff barriers which are further classified into two categories a, CTS115 - Chapter 5 - Case Study - Denial of Service -Moss.docx, The fallacy described as a red herring is most similar to a False cause b, Copy of Algebra Unit 2, Concepts 1, 2, 3.pdf, The model is used to describe the interaction of external forces that affect an, EVM Presentation - Project Management .pptx, What is the shape usually used to refer to the curve that illustrates. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. 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. a producers secretary who solicits prospects on the telephone No federal income tax is owed on life insurance proceeds, A non-contributory health insurance plan helps the insurer avoid, States that have "no loss no gain" laws require a replacing policy to, Pay for ongoing claims under the policy it replaces. Which of the following basics is a producer's fiduciary responsibility? 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. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. D.) Intentionally violated state insurance laws. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. 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. Over the course of a year, which premium payment mode is most expensive? Maria would like an annuity that provides a guaranteed accumulation or payout. What is the contract called that is issued to an employer for a Group Medical Insurance plan? 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. Erica is 35 years old and owns an IRA. Which of the following is NOT considered to be an act of fraud? The policies continue in force with no change. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. Which of the following is CORRECT regarding the death benefit amount. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? 14 day waiting period / 10 year benefit period. A whole life policy option where extended term insurance is selected is called a(n). Duringthe accumulation period, who can surrender an annuity? The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. 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. B. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? Course Hero is not sponsored or endorsed by any college or university. 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. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? By . A. Collectinga premium for insurance that is not provided. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. C. Protects consumers with guidelines regarding creditreporting and distribution. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? 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. _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period.

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a producers secretary who solicits prospects on the telephone

a producers secretary who solicits prospects on the telephone