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. At the request of the insurer to assist in the underwriting decision. Commissioner may impose an administrative penalty. _____ 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. Which of these if NOT considered a form of life insurance advertisement? Peter Griffith, Funeral Director of Lyndhurst Funeral Home. Which of the following would be the appropriate tax consequence? Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. Which of the following would have the HIGHEST premium? Employee must be able to make unlimited contributions. 1. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Which of the following is a requirement for ANY change in an insurance application? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? The coverage, condition, and limitations in the master policy of a group contract can be found in which document? 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. \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ who would be responsible for the prosecution of this crime? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. In New Jersey, group health insurance may be offered to all of these groups EXCEPT. All Medicare Supplement policies MUST contain which provision? Which of the following would be considered a "dependent child"? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. His policy may be reinstated at any time within _____ years. A master contract and certificate of coverage can be found in which type of policy? 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 _____. A licensed producer is required to file notice of any change of address within how many days? An applicant's character and personal habits can be obtained for underwriting purposes from which source? 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. The benefit can be offered as a rider at a specific extra cost or may be at no cost, All of the following are included as part of a contract in the entire contract provision EXCEPT the. A. Doctormay charge up to a maximum of 15% more than Medicare pays for the service, B. Doctoris not bound by Medicare limitations on charge, C. Doctorcannot charge more than Medicares scheduled coverage, D. Doctor bills the Medicare beneficiary directlyfor services performed, A. Alwaysrequires service in a network, B. Providesa greater choice of providers, C. Alwaysrequires a referral to specialists. Whatis the elimination period of an individual disability policy? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. 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. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. 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. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Whichof these will have the highest monthly payout upon annuitization? B.Canceling a term life policy to buy a whole life policy. What is the purpose of having an accelerated death benefit on a life insurance policy? Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. All of these are standard exclusions found in a life insurance policy EXCEPT. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. We'll bring you back here when you are done. Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? a. Theinsured skipped a payment beyond the 31 day grace period, b. Theinsured was injured while participating in an illegal occupation, c. Theinsured was given a notice of cancellation from the insurer, d. Theinsured suffered an injury as an innocent bystander during a bank robbery. The Premium for a Modified whole life policy is: A. 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. Mark continues working after the age of 65 and is covered through his employer's group health plan. 1. \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Providing claim payments to insureds under the guidelines of the insurance contract. Determine whether there are 0,1 , or 2 real solutions to f(x)=0. b. a producers secretary who solicits prospects on the telephone. An annuitant is guaranteed to NOT outlive their benefits will a(n). Whatis the primary reason for buying an annuity? Which of the following is true concerning the proceeds of a life insurance policy? Which of the following is an example of defamation? ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. An insurance producer is issued a _____ as evidence of authority. The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Fundingfor Medicare Part B is Partially provided by. 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. 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 The company did not retire any bonds or repurchase any of its own common stock during the year. 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? \\ \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? A. When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? Which scenario would most life insurance policies exclude coverage for? Proceeds payable under a life insurance contract to a policyowner in anticipation of death or upon the occurrence of specified life-threatening conditions as defined by the policy are best described as: A temporary producer license in Maryland is valid for up to. A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. The two plans are fee-for-service and. Temporarily Deposit the funds in a personal account. Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. audio not yet available for this language. a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen.
a producers secretary who solicits prospects on the telephone The type of annuity she is seeking is called? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. Prospective producer who is waiting to take the state examination. A doctor who accepts Medicare Assignment agrees to which of the following? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? As beneficiary, he will pay ____ taxes on any money withdrawn. Which of the following is Medicare Part B also known as? 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.