What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Which of the following is present when an applicant stands to lose value if the insured dies? Please select the correct language below. Which of the following is the likely result? Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. B. Guaranteedlifetime withdrawal benefit, D. Guaranteedminimum accumulation benefit. We weren't able to detect the audio language on your flashcards. What is the purpose of having an accelerated death benefit on a life insurance policy? Course Hero is not sponsored or endorsed by any college or university. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? Within how many days must a producer notify the Department of Banking and Insurance of a change in address? Benefits for a Medicare Supplement policy. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Submit to the replacing insurer a list of the policies to be replaced. What does the word "level" in Level Term describe? Assist in the underwriting of insurance policies. Which of these statements about Medicaid iscorrect? She paid the premium on May 15 with the policy indicating the effective date being May 30. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. As beneficiary, he will pay__taxeson any money withdrawn. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. 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 time limit for filing claim disputes is addressed in which provision of an accident and health policy? What does the Group Life underwriting risk selection process help protect insurance companies from? To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Who is the individual paid on a fee-for-service basis? \end{array} a producers secretary who solicits prospects on the telephone. Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? is one of the oldest and best known of all Barbadian funeral establishments. What happens when an insurance policy is backdated? ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? AMaryland insurance producer solicits an insurance policy. A type of group that has a constitution and bylaws andhas been organized for purposes other than obtaining insurance is called awhat? The law that established insurance transactions regulated by the states is called. Whoassumes the investment risk with a fixed annuity contract? Using derogatory statements about an insurance company's financial condition. Alimited payment whole life policy provides. Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. A minimum of 12 months after date of purchase. Their offer/administration. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? A. A _______ company is owned by its shareholders, The ___________ has the right to renew a small employer health plan, providing incorrect, misleading, incomplete, or materially untrue information in the license application, A producer who is licensed in Maryland but resident in another state is called a, A minor may receive a life insurance policy's death benefit ONLY, Interest on death benefits are NOT required to be paid by an insurance company as long as proceeds are paid within ______ after the date of the death of the insured, Submit to the replacing insurer a list of the policies to be replaced. A master contract and certificate of coverage can be found in which type of policy? A. James is the insured on a life insurance policy where his age was misstated on the application. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Pat is insured with a life insurance policy and Karen is his primary beneficiary. Which option was chosen? Employee must be able to make unlimited contributions. Adoctor who accepts Medicare Assignment agree to which of the following ? a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? B. Gainsare tax exempt at distribution. As beneficiary, he will pay ____ taxes on any money withdrawn. 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. The ________ has the right to renew a small employer health plan. Shirley has a $500,000 10-year non-renewable level term life policy. Jay the producer is giving insurance advice regarding a prospect's existing coverage. What is involved when a life insurance policy has been backdated? 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. Which of the following may be used as continuation education credit? 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. Inwhich of the following situations would the insurer be liable for a loss? Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) juin 5, 2022 . Which of the following is NOT considered to be an act of fraud? Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. B.Canceling a term life policy to buy a whole life policy. A producer's secretary who solicits prospects on the telephone Must be licensed as a producer Which of the following is a requirement for ANY change in an insurance application? Which of the following is a reinstatement condition? Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? 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. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. pain between 4th and 5th metatarsal. A doctor who accepts Medicare Assignment agrees to which of the following? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. Introducing Cram Folders! Bob dies 12 months later. On which date would Sonya have coverage? c. Travel accidental insurance premiums. Which of the following situations would be suitable for a temporary work authority? An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. 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} by recommending insurers with good AM Best ratings, C.) With guidelines regarding credit reporting and distribution. 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. d. Individual disability income insurance premiums. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? 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? When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? Afterwards, she deposits the check into her personal account. In this situation, who will receive Bob's policy proceeds? 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. An insurance company needs to obtain personal information from a third party concerning an applicant. D. Licensedproducers not appointed by an insurer. A. A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Introducing Cram Folders! ABC Corporation has a group life insurance policy that covers its employees and their dependent children. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? A. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy?
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