One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. D. The face amount and premiumwill remain constant over the 10-year period. Which of the following is the likely result? a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. Which of the following is NOT considered to be an act of fraud? B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. who would be responsible for the prosecution of this crime? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. What will the beneficiary receive if an annuitant dies during the accumulation period? Which of the following would have the HIGHEST premium? Which situation accurately describes a reduced paid-up nonforfeiture option? 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. The producer decides not to respond. An error was made on Erica's life insurance application. Alimited payment whole life policy provides. What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? B. Gainsare tax exempt at distribution. Which of the following situations would be suitable for a temporary work authority? This is called a. How much does Medicare Part B pay for physician fees? Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Frank is shopping for a disability income policy. The company did not retire any bonds or repurchase any of its own common stock during the year. A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. a producer's secretary who solicits prospects on the telephone. 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 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. A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). Which of the following is the likely result? Which of the following is typically NOT eligible for coverage in a group health policy? Commissioner may impose an administrative penalty. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which of the following statements is TRUE? 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. An insurance producer is issued a _____ as evidence of authority. Afterwards, she deposits the check into her personal account. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Which of the following is NOT part of an insurance contact? Which of these is NOT considered to be a risk factor in life insurance underwriting? Which type of life insurance policy is this? . Course Hero is not sponsored or endorsed by any college or university. 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). B. Fundingfor Medicare Part B is Partially provided by. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. Mary ran into John, another employee, who happened to be taking outthe garbage. 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? 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. Please select the correct language below. Mikehas inherited his fathers traditional IRA. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. In what part of insurance policy benefits found? B.Change must be initialed by the applicant. by . Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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. What would be an expense factor in a insurance program? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? The names of the insurance companies represented by the producer. A. Collectinga premium for insurance that is not provided. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. A. An attending physician's statement would be appropriate for which life insurance purpose? When initial premium is collected and policy is issued. 1. Which entity is responsible for processing insurance advertising in New Jersey? How much does Medicare Part B pay forphysician fees? \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ Howdoes one become eligible for part D: Prescription Drug Coverage? By Posted browning 725 pro sporting canada Level premium permanent insurance accumulates a reserve that will eventually, Ambiguities in an insurance policy are always resolved in favor of the, Chapter 11 Exam - New Jersey Laws and Rules, Life Insurance Policies - Provisions, Options, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Daniel F Viele, David H Marshall, Wayne W McManus. c. Travel accidental insurance premiums. The law that established insurance transactions regulated by the states is called. 1. An insurer formed according to the legal requirements of another country is called an. 1. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) What amount will be paid under a policy where the insured misstated his/her age? Maria has committed what crime? How to take legal action against an insurance company. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ What may be the result of replacing an existing life insurance policy with a new one? Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) This is an unlawful practice known as, must be delivered with or prior to policy delivery. Which market index is associated with an indexed annuity's rate of return? Which rider would pay a monthly amount because of this disability? In what form do disability income policies typically pay benefits? \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? 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. Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: ARoth IRA owner must be a least what age in order to make tax-free withdrawals? The standard grace period for a life insurance policy sold in Maryland is. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). A whole life policy option where extended term insurance is selected is called a(n). They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. The ________ has the right to renew a small employer health plan. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? Peter Griffith, Funeral Director of Lyndhurst Funeral Home. Inwhich of the following situations would the insurer be liable for a loss? Who would most likely be coveredunder Workers Compensation? How many employees must an employer have for a terminated employee to be eligible for COBRA? Which of these may NOT be used in a health insurance advertisement? Which of the following is a reinstatement condition? how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . 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. To be classified as a small employer, an employer must NOT have more than _________ eligible employees, The _______ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant, During the examination of an insurer's books and records by the Commissioner, the insurer, remain in effect until a new one is issued, John the insurance producer has an insurance license that expires in 6 months. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Tara the producer is delivering a specified disease insurance policy to a new policyowner. Using derogatory statements about an insurance company's financial condition. A life insurance policyowner is allowed ____ days upon policy delivery to return the policy for a full premium refund, A producer's license MUST be renewed every _______ years, Collecting a charge for insurance that is less than the charge applicable to that insurance. How often must an insurance producer's license in Maryland be renewed? juin 5, 2022 . a producers secretary who solicits prospects on the telephone. 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. Annuities are intended to create an estate. Tim's individual life insurance policy has just recently lapsed. Which of the following must be included in the advertisement? The greater of the accumulated cash value or the total premium paid. His policy may be reinstated at any time within _____ years. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? How many days notice must the Commissioner give prior to a hearing? Whichof the following is a requirement for ANY change in an insurance application? Which of these if NOT considered a form of life insurance advertisement? The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. 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). Which of the following basics is a producer's fiduciary responsibility? In Maryland, a producer may have his/her license revoked for which of the following acts? An amount the premium would have purchased at the correct age. Upon delivery, she may be expected to collect all of the following EXCEPT a(n), Modified application with a new signature, All of these are valid policy dividend options for a life insurance policyowner EXCEPT.