a producers secretary who solicits prospects on the telephone

\text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Which of the following topics needs to be discussed with this client? D. Assist an insurer in determine an applicantscreditworthiness. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Determine whether the discriminant is positive, negative, or zero. One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. Duringthe accumulation period, who can surrender an annuity? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? How many employees must an employer have for a terminated employee to be eligible for COBRA? Life insurance policies will. 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 producer has committed an insurance crime that violates US Code 1033 (interstate commerce). belmont funeral home obituaries barbados Over the course of a year, which premium payment mode is most expensive? 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. The company did not retire any bonds or repurchase any of its own common stock during the year. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? A whole life policy option where extended term insurance is selected is called a(n). 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. 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. Whatis the primary reason for buying an annuity? Her health policy most likely contains a(n). When initial premium is collected and policy is issued. D. Level for the first 5 years then decreases forthe remainder of the policy. This change is called a(n). Whichof the following is a requirement for ANY change in an insurance application? 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. a producers secretary who solicits prospects on the telephone 12. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Whoassumes the investment risk with a fixed annuity contract? Which market index is associated with an indexed annuity's rate of return? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. Maria the agent would like to advertise an annuity product on a highway billboard. Introducing Cram Folders! what happened to amy bailey happy healthy humble . Shirley has a $500,000 10-year non-renewable level term life policy. The type of annuity she is seeking is called? a producers secretary who solicits prospects on the telephone When does a life insurance policy typically become effective? 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. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. The policies continue in force with no change. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . Ifan insurer refuses to pay a claim, how many days must the insured wait to takelegal action against a health insurer after submitting written proof of loss? Whatdoes the word Level in level term describe? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? When an applicant passes a licensing examination and answers all background questions negatively. 1. Ahealth care provider claim may be settled using which of the following paymentmethods? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? She recently replaced the policy with a new one that provides better coverage. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? When is an existing health insurance policy required to provide coverage for a new born child? Which of the following is a requirement for ANY change in an insurance application? A master contract and certificate of coverage can be found in which type of policy? Which of the following is NOT part of an insurance contact? What is this an example of? What may be the result of replacing an existing life insurance policy with a new one? What is the purpose of having an accelerated death benefit on a life insurance policy? who would be responsible for the prosecution of this crime? Inwhich of the following situations would the insurer be liable for a loss? An individual can enroll in a Part C Medicare Advantage Plan at what time? The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? 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. Maria has committed what crime? a producers secretary who solicits prospects on the telephone Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Whowere Keogh Plans designed to provide pension benefits for? Whathappens when an insurance policy is backdated? All Medicare Supplement policies MUST contain which provision? How long is the Contestable Period for health insurance policies sold in New Jersey? a producers secretary who solicits prospects on the telephone. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? In Maryland, a Producer may have his/her license revoked for which of the following acts? Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. B. Whenthe application is collected and policy is issued, C. Whenthe application is completed and signed, D. Whenthe completed application is signed and initial premium is collected. Who would most likely be coveredunder Workers Compensation? Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? 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. Whendoes a life insurance policy typically become effective? 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. Which of these statements is true? An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. 5511. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". 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. Which type of disability would be less than total impairment and equal to permanent impairment? 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. Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. What happens to the coverage under a children's term rider when that child reaches a certain specified age? A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? In Maryland, a producer may have his/her license revoked for which of the following acts? Making the policy effective on an earlier date than the present. Fundingfor Medicare Part B is Partially provided by. A. Tara the producer is delivering a specified disease insurance policy to a new policyowner. \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ How often must an insurance producer's license in Maryland be renewed? The ________ has the right to renew a small employer health plan. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. You have created 2 folders. D. The face amount and premiumwill remain constant over the 10-year period. An individual who has a hobby racing cars once a month. 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. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Under a Traditional IRA, Interest earned istaxed. June 5, 2022 . Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. 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. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. Underthe Maryland health insurance plan, comprehensive health benefits are providedto. The producer decides not to respond. 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. 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. The Commissioner issues a subpoena to a producer. We understand that this must have been both very frustrating and disappointing. In the event of the employment termination, group health insurance can be kept if the EMPLOYEE pays the premiums, A health insurer must be provided with written proof of loss _____ days after the date of loss, A producer must notify the Commissioner within _____ days of a felony conviction. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. 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). An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? 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? A producer who sells an individual life insurance policy in Maryland MUST deliver to the policyowner a, Refusing to pay persons bringing false or fraudulent claims, All of these may be an Unfair Claims Practice EXCEPT, is eligible for a Federal tax credit through the SHOP Exchange, An existing health benefit plan offered by a small employer may be replaced by a SHOP Exchange Navigator only if the small employer, An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A producer has recently died and leaves behind a spouse. The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. 1. Which of these premium payment frequencies is not typically available to a policy owner? Whichscenario would most life insurance policies exclude coverage for? 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. a producers secretary who solicits prospects on the telephone Whichtype of life insurance is normally associated with a payor benefit rider? A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Adoctor who accepts Medicare Assignment agree to which of the following ? In what part of insurance policy benefits found? An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. To be classified as a small employer, an employer mustNOT have more than__ eligible employees. 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. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Who is eligible for insurance under a group policy issued to a labor union? a producers secretary who solicits prospects on the telephone What happens to interest earned if the annuitant dies before the payout start date? B.) a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. Commissioner may impose an administrative penalty. An individual can enroll in a Part C Medicare Advantage Plan at what time? Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Annuities are intended to create an estate. The standard grace period for a life insurance policy sold in Maryland is. The Premium for a Modified whole life policy is: A. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. 59 and owned account for a minimum of 10 years, B. What is created after policy proceeds areobtained in a lump sum and then immediately invested? . A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. Which option was chosen? How much does Medicare Part B pay forphysician fees? Which of these will typically authorize treatment from a specialist? 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? New Jersey Department of Banking Insurance, A limited payment whole life policy provides, All advertisements for health insurance shall make clear the identity of the, The double indemnity provisions in a life insurance policy pertains to an insured's death caused by a. Mike has inherited his father's traditional IRA. The statement which best describes the relationship between the relationship between the premiums of a whole life policy and the premium payment period is, The shorter the payment period, the higher the premium. OGC Opinion No. 05-04-21: Acting as insurance producer without a & \text{Ending}& \text{Beginning} & \\ 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.

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