Which of the following is NOT a circumstance to which a temporary producer license can be issued? Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. An insurance producer is issued a _____ as evidence of authority. 1. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Craig submits a $500 claim for medical expenses. How often must an insurance producer's license in Maryland be renewed? Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. Which of the following is present when an applicant stands to lose value if the insured dies? How much does Medicare Part B pay forphysician fees? Commissioner may impose an administrative penalty. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? _____ 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 the following does Coordination of Benefits allow? a producer's secretary who solicits prospects on the telephone. C. Protects consumers with guidelines regarding creditreporting and distribution. Which of these statements is true? In a group health care, what is the purpose of the coordination of benefits provision? 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 is meeting with a client to determine whether an annuity would be suitable for purchase. Her health policy most likely contains a(n). B. Recieve a tax credit to help offset the cost of health insurance. This situation is called, Written notice of a health insurance claim should be given to the insurer within _____ days after the occurrence of any loss covered by the policy, To conduct insurance business in this State, an insurer must be issued a certificate of authority. A term life insurance policy is what most people think of when they think about life insurance. Which of the following does Medicare Part D cover? Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. A doctor who accepts Medicare Assignment agrees to which of the following? Which of the following statements is TRUE? a producers secretary who solicits prospects on the telephone. Which of the following actions by a producer would NOT result in a license suspension or revocation? \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. An applicant's character and personal habits can be obtained for underwriting purposes from which source? This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. 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. Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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. Chapter 8 Texas Laws and Rules Pertinent to I, NY state insurance license practice exam ques, Chapter 16: Private Insurance Plans for Senio, Totalliabilitiesandstockholdersequity, Fundamentals of Financial Management, Concise Edition, Anexo del Real Decreto 1630/2006 Educacin in. B.Change must be initialed by the applicant. Long-term care insurance and Medicare Supplement plans have a free-lock period of ______ days, A ______ insurance company is one that was formed under the laws of a state other than Maryland, they are both licensed in the same line of business, Two producers may share a commission ONLY if, Mary's Medicare Supplement policy had been in effect for 12 months. Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? 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} In the event of employment termination, group insurance can be kept if the employee pays the premiums. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? The two plans are fee-for-service and. Which rider would pay a monthly amount because of this disability? All Medicare Supplement policies MUST contain which provision? 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. In what form do disability income policies typically pay benefits? Benefits for a Medicare Supplement policy. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. 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. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Which of the following is Medicare Part B also known as? EXECUTIVE SUMMARY. visas, binomial trials. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? Whatis the elimination period of an individual disability policy? What would be an expense factor in a insurance program? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? 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. {"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"}}. C. Remain of their current coverage for 30 months. Advertising material for a life insurance policy does NOT need to contain which of the following? An attending physician's statement would be appropriate for which life insurance purpose? How soon can the benefit payments begin with a deferred annuity? Collecting a chargefor insurance that is less than the charge applicable to that insurance. If she dies 15 years after the policy's inception date, how much will her beneficiary receive? A producer has committed an insurance crime that violates US code 1033 (interstate commerce). Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. She paid the premium on May 15 with the policy indicating the effective date being May 30. 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. 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. Producers must complete a total of ____ continuing education credits for each two-year licensing period. A. A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. Elizabethis the beneficiary of a life insurance policy. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? 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. What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? 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. The renewability provision for an individual long-term care insurance policy must be located on the policy form's, The ______________________ must be notified of a licensee's address change within 30 days of such change, Producers must complete a total of _______ Continuing Education hours for each two-year licensing period, A Medicare Supplement policy may exclude coverage for a preexisting condition for up to ____ months. pain between 4th and 5th metatarsal. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. Since each partner contributes an important element to the success of the business, they decide to take life insurance policies out on each other, and name each other as beneficiaries. What does the amount of these credits represent? 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. Add to folder Which of these is NOT considered to be a risk factor in life insurance underwriting? 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. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. The ________ has the right to renew a small employer health plan. Whichphase is this annuity in? What is issued to each employee of an employerhealth plan? & \text{Balance}& \text{Balance} & \\ How long after its effective date will an individual life insurance policy become incontestable? Claims for a Long-Term Care policy MUST be paid for which of the following conditions? Pierre MUST remit the premium to his insurer within ___ business days of receipt. 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. Why are dividends from a mutual insurer not subject to taxation? a. Mustmeet certain underwriting guidelines. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. What happens to interest earned if the annuitant dies before the payout start date? 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. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Ahealth care provider claim may be settled using which of the following paymentmethods? B. Their offer/administration. is one of the oldest and best known of all Barbadian funeral establishments. Life insurance policies will. On Social Security disability for over two years, D.Falling below the federal poverty level, D. Falling below the federal poverty level, Field underwriting performed by the producer involves, Completing the application and collecting initial premium, A provision that allows a policy owner to withdraw a policy's cash value interest free is a(n). A minimum of 12 months after date of purchase. This change is called a(n). 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. A debtor may receive Credit Life insurance in which of the following forms? Whoassumes the investment risk with a fixed annuity contract? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? 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 Which of the following is NOT part of an insurance contact? By . If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? It is health insurance for the elderly. How often must the Commissioner examine each domestic insurance company? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. 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. a producers secretary who solicits prospects on the telephone. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Whatis the primary reason for buying an annuity? After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? 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? The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? An insurance company needs to obtain personal information from a third party concerning an applicant. When does a life insurance policy typically become effective? In this situation, who will receive Bob's policy proceeds? 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. The Premium for a Modified whole life policy is: A. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. d. A covered employee if terminated for grossmisconduct. Making the policy effective on an earlier date than the present. Maria would like an annuity that provides a guaranteed accumulation or payout. c. Travel accidental insurance premiums. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. How much does Medicare Part B pay for physician fees? 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). EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is, All of the following are core benefits of Medicare Supplement Plan A EXCEPT, Deductible payments for the first 60 days of hospitalization under Medicare hospitalization under Medicare hospitalization insurance, Statements made by an insurance applicant on an application are considered to be. B.) \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ Tara the producer is delivering a specified disease insurance policy to a new policyowner. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider.
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