a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone

What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Under a Traditional IRA, Interest earned istaxed. How much does Medicare Part B pay forphysician fees? Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Which type of life insurance policy is this? 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. Making the policy effective on an earlier date than the present. June 5, 2022 . Whichof these benefit options would he choose? It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? The policy's effective date is earlier than the present, A Renewable Term Life insurance policy can be renewed, At a predetermined date or age, regardless of the insured's health, A producer's secretary who solicits prospects on the telephone. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Annuities are intended to create an estate. Whichof the following is a requirement for ANY change in an insurance application? Who is the individual paid on a fee-for-service basis? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. 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? The legal action provision in a health contract is limited to no more than ___ years. (p^1p^2). An error was made on Erica's life insurance application. How long is the Contestable period for health insurance policies sold in Maryland? 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. Re: Acting as insurance producer without a license Questions Presented 1. she may need to resume premium payments, depending on actual results, Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of non guaranteed values. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. 1. What may be the result of replacing an existing life insurance policy with a new one? Which of the following is NOT a federal requirement of a qualified plan? A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. The proceeds of this contract could be subject to the claims of. She would like to borrow $15,000 against the cash value. The producer decides not to respond. A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. Her agent submitted the information to the insurance company on April 6. An insurance producer is issued a _____ as evidence of authority. The entity which issues the certificate of authority is the, A policyowner has _____ days after policy delivery to return a major medical policy for a full refund, make any transactions before being approved for a licence, counsels and advises the Governor on all matters assigned to the Maryland Insurance Administration, A Maryland insurance producer solicits an insurance policy. Prospective producer who is waiting to take the state examination. What is this an example of? C. Remain of their current coverage for 30 months. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? The right-to-examine period in Maryland for long-Term Care polices is ___ days. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. Which of the following statements is TRUE? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. The Commissioner issues a subpoena to a producer. The proceeds of this contract could be subject to the claims of, The Food and Drug Administrationapproved prescription drugs for treatment as stated on the drugs labeling. Intereston death benefits are NOT required to be paid by an insurance company as longas proceeds are paid within __ after the date of the death of the insured. 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. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. 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. Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Percent frequency distribution for key variables. Please upgrade to Cram Premium to create hundreds of folders! The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Which of the following is true concerning the proceeds of a life insurance policy? 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. Tara the producer is delivering a specified disease insurance policy to a new policyowner. Which of the following does Coordination of Benefits allow? Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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). Bob dies 12 months later. Which of these will typically authorize treatment from a specialist? B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. A. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Which of these premium payment frequencies is not typically available to a policy owner? Which of the following is NOT a qualification to be licensed as a producer? When are group disability benefits considered to be tax-free to the insured? 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. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. Which of the following may be used as continuation education credit? Mary ran into John, another employee, who happened to be taking outthe garbage. Which of these statements about Medicaid iscorrect? 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. Which of the following is an example of defamation? During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. As beneficiary, he will pay ____ taxes on any money withdrawn. In event of acontroversy between the insured and the company, the producer is considered to representthe. Which of the following is an example of fraud? Unintentionally misrepresented a material fact on the application. -is an example of the illegal act called twisting -must be bonded through the state -must be licensed as a producer -is not required to be licensed as a producer must be licensed as a producer Producers selling insurance in New Jersey while having a residence and business address Mikehas inherited his fathers traditional IRA. She may reinstate her policy within _____ years. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Find out how you can intelligently organize your Flashcards. Maria has committed what crime? Which of the following topics needs to be discussed with this client? c. Solve the equation f(x)=0, if possible. 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. 59 and owned account for a minimum of 5 years, C. 70 and owned account for a minimum of 10 years, D. 70 and owned account for a minimum of 5 years, A. Cancelingdisability policy to buy a term life policy, B. Cancelinga term life policy to buy a whole life policy, C. Cancelinga long-term care policy to buy a whole life policy, D. Cancelinga whole life policy to buy a major medical policy. Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? A. Which option was chosen? 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. (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Which of the following is Medicare Part B also known as? \\ Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) An accident and health policy that provides reimbursement benefits makes them payable to the, A separate converted policy may, at the option of the insurance company, be issued to cover a, Dental treatment is needed to repair an injury. Tim's individual life insurance policy has just recently lapsed. Which of the following is NOT part of an insurance contact? 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. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. a producers secretary who solicits prospects on the telephone. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Hill during her initial calls made to the call center. If an insured dies during the grace period with no premiums paid. is one of the oldest and best known of all Barbadian funeral establishments. How long is her grace period? 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? Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? The type of annuity she is seeking is called? In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? The death benefit paid will be what the premium would have purchased at the correct age. A separate converted policy may, at the option of the insurance company, be issued to cover a (n). Which of the following is typically NOT eligible for coverage in a group health policy? She recently replaced the policy with a new one that provides better coverage. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ a producers secretary who solicits prospects on the telephone. 1. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. a producers secretary who solicits prospects on the telephone. 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. 1. The individual is paying premiums that are priced for each year or Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of instability. 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. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? Kathysannuity is currently experiencing tax-deferred growth until she retires. . How often must the Commissioner examine each domestic insurance company? Providing claim payments to insureds under the guidelines of the insurance contract. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. a. Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. _____ 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. 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. Which of these will typically authorize treatment from a specialist? 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 s is payable MUST disclose, All of the following is considered a form of advertising EXCEPT. Whichphase is this annuity in? Net death benefit will be reduced if the loan is not repaid. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. An annuitant is guaranteed to NOT outlive their benefits will a(n). Which of these if NOT considered a form of life insurance advertisement? Submit to the replacing insurer a list of the policies to be replaced. Which of the following actions by a producer would NOT result in a license suspension or revocation? Which of the following is NOT information found in a life insurance buyer's guide? Write a sentence explaining its significance to the executive branch. What is the primary purpose of a rating service company such as A.M. Best? 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu