a producers secretary who solicits prospects on the telephone

Add to folder She may reinstate her policy within _____ years. a. Mustmeet certain underwriting guidelines. Which of the following is the likely result? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Atax-free 1035 Exchange of a life insurance policy to a different policy ispermitted if it occurs, A. Inthe same state as the original transaction, C. Frominsurer to insurer and no cash is received by the policy owner, D. Fromagent to agent as long as the agents are licensed in the same line. What is the purpose of the Medical Information Bureau (MIB)? A doctor who accepts Medicare Assignment agrees to which of the following? In the event of employment termination, group health insurance can be kept if the employee pays the premiums. This is an unlawful practice known as, must be delivered with or prior to policy delivery. 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. The time limit for filing claim disputes is addressed in which provision of an accident and health policy? a producers secretary who solicits prospects on the telephone. What is the purpose of a disability income benefit? Which of the following is required for an insurer to conduct business in this state? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ 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. A producer has recently died and leaves behind a spouse. Which of thesestatements is true? A closed network plan offers a primary physician copay of $25. These rights are called, A producer who intentionally makes an untrue or incomplete statement in the course of an insurance transaction may be guilty of. D. Level for the first 5 years then decreases forthe remainder of the policy. 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. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. D. Licensedproducers not appointed by an insurer. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. B.) . Term, Whole, and universal lifeinsurance. 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). 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. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Which of the following is CORRECT regarding the death benefit amount. Benefits for a Medicare Supplement policy. Which of the following is NOT a required provision in an accident and health insurance policy? 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. Which of these if NOT considered to be a purpose of an annuity? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. Which of these will typically authorize treatment from a specialist? Who is required to notify the producer in the event of appointment termination? Afterwards, she deposits the check into her personal account. 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. Percent frequency distribution for key variables. {"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"}}. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. Commissioner may impose an administrative penalty. 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. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Find out how you can intelligently organize your Flashcards. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ 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. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Which of the following may be used as continuation education credit? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? Whichof these benefit options would he choose? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? 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? Whoassumes the investment risk with a fixed annuity contract? A. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? The policy automatically converts to whole lifeafter the 10-year period, B. 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. 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 concept is simple - the insured buys the policy and names Life insurance pays after a persons death to help family members pay for debt, lost income, or funeral costs (Life Insurance 686). An insurance company may ONLY pay a sales commission to, Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called. Her agent submitted the information to the insurance company on April 6. 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. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Which type of life insurance policy is this? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). An insurance producer who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of, An ____ _____ sells, solicits, or negotiates insurance contracts for compensation, All of these activities require an individual to hold a producer's license EXCEPT, Jim recently sold his whole life insurance policy under a viatical settlement contract. Which law do all insurers and their producers need to comply with? a producers secretary who solicits prospects on the telephone. Which of the following is NOT a circumstance to which a temporary producer license can be issued? An insurance company needs to obtain personal information from a third party concerning an applicant. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. 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. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Jay the producer is giving insurance advice regarding a prospect's existing coverage. Jim recently sold his whole life insurance policy under a critical settlement contract. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? Shirley has a $500,000 10-year non-renewable level term life policy. Both partners are still married at the time of Bob's death. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Maria the agent would like to advertise an annuity product on a highway billboard. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? 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. It is administrated by the federal government, C. It is funded by federal, state, and local taxes. 5511. The producer decides not to respond. In the event of a controversy between the insured and the company, the producer is considered to represent the, A life policy loan in Maryland cannot charge a fixed rate of interest higher than, The Food and Drug Administration approves prescription drugs for treatment as stated on the drug's labeling. Net death benefit will be reduced if the loan is not repaid. 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. When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? We understand that this must have been both very frustrating and disappointing. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. 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. B. Craig submits a $500 claim for medical expenses. An applicant's character and personal habits can be obtained for underwriting purposes from which source? Whatwould be an expense factor in an insurance program? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider.

Alexandra Mathew Romanoff, Articles A