Which of these if NOT considered a form of life insurance advertisement? Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. Whathappens when an insurance policy is backdated? Which of the following basics is a producer's fiduciary responsibility? Mark continues working after the age of 65 and is covered through his employer's group health plan. Please select the correct language below. (p^1p^2). When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? 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. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. 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. The promise of a discount in premium as an inducement to purchase insurance is known as, exchanging a new policy for one already in force, with guidelines regarding credit reporting and distribution, The Fair Credit Reporting Act protects consumers, Terminally-ill life insurance policyowners may sell their policy at a discount to a third party. Which of the following is TRUE regarding the federal income tax? Whichof the following is a requirement for ANY change in an insurance application? How long is the Contestable Period for health insurance policies sold in New Jersey? In the event of employment termination, group insurance can be kept if the employee pays the premiums. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. B. Recieve a tax credit to help offset the cost of health insurance. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio A. A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? B.) Which of the following is Medicare Part B also known as? Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. 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 of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? No federal income tax is owed on life insurance proceeds, A non-contributory health insurance plan helps the insurer avoid, States that have "no loss no gain" laws require a replacing policy to, Pay for ongoing claims under the policy it replaces. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. A licensee MUST notify the Commissioner of an address change within _______ days of the change, Violations of US Code Title 18 section 1033 may result in, In the state of Maryland, a licensed producer, sharing commissions with other licensed and appointed agents, All of the following actions are considered rebating EXCEPT, Under the Maryland Health Insurance Plan, comprehensive health benefits are provided to, A producer who knowingly submits a false statement in support of a claim. What is the purpose of having an accelerated death benefit on a life insurance policy? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? Which of the following is NOT a circumstance to which a temporary producer license can be issued? In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Which option was chosen? 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. James is the insured on a life insurance policy where his age was misstated on the application. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu 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? licensed producers not appointed by an insurer. 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. Tara the producer is delivering a specified disease insurance policy to a new policyowner. Kathysannuity is currently experiencing tax-deferred growth until she retires. what happened to amy bailey happy healthy humble . 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. port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador Collecting a chargefor insurance that is less than the charge applicable to that insurance. June 24, 2022 . Employee must be able to make unlimited contributions. Producing an inadequate amount of new premium. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? a producers secretary who solicits prospects on the telephone Call us (+254) 722 22 99 44 Email polucon@polucon.com Our Laboratories Nairobi & Mombasa fort worth murders 1990s Home Services a producers secretary who solicits prospects on the telephone Micro-Biology Services Agri - Services Instrumentation Division Environment Division A. Collectinga premium for insurance that is not provided. 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. What is issued to each employee of an employerhealth plan? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? Which type of disability would be less than total impairment and equal to permanent impairment? We understand that this must have been both very frustrating and disappointing. XZY company has applied for group health insurance for its employees. 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. Prospective producer who is waiting to take the state examination. A beneficiary has just received a claim payment for a life insurance policy. What is this an example of? Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay, Paul is an employee who caught a disease unique to the trade in which he was exposed to. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Ahealth care provider claim may be settled using which of the following paymentmethods? Julie has a $100,000 30-year mortgage on her new home. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ Final Exam - New Jersey Life and Health Flashcards | Quizlet How often must an insurance producer's license in Maryland be renewed? The premium for a Modified whole life policy is, How long is the Contestable Period for health insurance policies sold in New Jersey, An applicant intentionally lying to an insurance company on an application in order to obtain a cheaper premium is an example of. D. Willfullycollecting a premium that exceeds the amount of the actual premium. AMaryland insurance producer solicits an insurance policy. Which of these riders will pay a death benefit if the insured's spouse dies? Fundingfor Medicare Part B is Partially provided by. PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. Which law do all insurers and their producers need to comply with? a producers secretary who solicits prospects on the telephone \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ Which type of life insurance policy is this? What is the contract called that is issued to an employer for a Group Medical Insurance plan? What are the levels of coverage as defined by the Affordable Care Act? a producers secretary who solicits prospects on the telephone B. Gainsare tax exempt at distribution. Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. In event of acontroversy between the insured and the company, the producer is considered to representthe. Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. a producers secretary who solicits prospects on the telephone 12. A. Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. & \text{Balance}& \text{Balance} & \\ The type of annuity she is seeking is called? To be classified as a small employer, an employer mustNOT have more than__ eligible employees. belmont funeral home obituaries barbados Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? A Long-Term Care policy may only exclude pre-existing conditions for up to _____ months, The identity of the ____ must be made clear in every health insurance advertisement, _______________ is the authority given to a producer to sell, solicit, or negotiate insurance on behalf of the insurer, Pre-existing conditions may only be excluded from coverage for a maximum of 6 months. Add to folder Which of these premium payment frequencies is not typically available to a policy owner? 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. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. A. The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Complete the sentence using each term once. A licensed producer is required to file notice of any change of address within how many days? 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 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 producers secretary who solicits prospects on the telephone Her health policy most likely contains a(n). We weren't able to detect the audio language on your flashcards. C. Careis only covered in a government facility, D. Careis only covered if primary care physician gives a referral, Theopen enrollment period for Medicare part B is, D. Generaltax revenue and user premiums. Hill during her initial calls made to the call center. A policyowner suffers an injury that renders him incapable of performing one or more important job duties. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? a producers secretary who solicits prospects on the telephone. Submit to the replacing insurer a list of the policies to be replaced. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? 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. Which of the following is a reinstatement condition? According to HIPPA, this tax will not be applied if the withdrawal is used for medical expenses that exceed _____ of the individual's adjusted gross income. Course Hero is not sponsored or endorsed by any college or university. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? An insurance company needs to obtain personal information from a third party concerning an applicant. & \text{Ending}& \text{Beginning} & \\ It would be considered taxable income to the employee. 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. If an insured dies during the grace period with no premiums paid. Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Claims for a Long-Term Care policy MUST be paid for which of the following conditions? The producer decides not to respond. a producers secretary who solicits prospects on the telephone What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? D. The face amount and premiumwill remain constant over the 10-year period. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Which of the following statements is TRUE about Medicaid? Continued coverage under COBRA would be providedto all of the following EXCEPT: a. A term life insurance policy is what most people think of when they think about life insurance. Who would most likely be coveredunder Workers Compensation? Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Which of these will typically authorize treatment from a specialist? 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. Determine whether the discriminant is positive, negative, or zero. Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. \\ Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. 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. Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. Whatis the primary reason for buying an annuity? \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ An amount the premium would have purchased at the correct age. 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. \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Which military service exclusion clause would pay upon his death? The legal action provision in a health contract is limited to no more than ___ years. Reggie purchased a life insurance policy with a face amount of $500,000. Which type of contract may NOT be issued by an insurance company? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Tim's individual life insurance policy has just recently lapsed. C) Unintentionally misrepresented a material fact on the application. How long is the Contestable period for health insurance policies sold in Maryland? Engaged in a fraudulent insurance practices. Which rider would pay a monthly amount because of this disability? A. What happens to interest earned if the annuitant dies before the payout start date? What happens to coverage under a children's term rider when that child reaches a certain specified age? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Mikehas inherited his fathers traditional IRA. As beneficiary, he will pay__taxeson any money withdrawn. This is called a, A minor may receive a life insurance policy's death benefit ONLY, B. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. In the event of employment termination, group health insurance can be kept if the employee pays the premiums. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). Whatis the elimination period of an individual disability policy? The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Registered for the state insurance examination. A producer has recently died and leaves behind a spouse. a producers secretary who solicits prospects on the telephone She recently replaced the policy with a new one that provides better coverage. In order for the producer's insurance business to continue, the Commissioner may issue to the producer's spouse a, has a mental or physical handicap and remains dependent on the parent, A dependent child may remain on a parent's health insurance plan beyond age 26 if the child, Under a small group health plan, an insurer is required to provide a newly-married employee at least ____ days to add the new spouse to the plan, replacing an insurance policy from one insurer to another based on misrepresentation, legible and brief description of the policy on the first page, Each delivered life insurance policy in Maryland MUST include a, The _____________ of Coverage describes policy features, benefits, exclusions, and riders in a Long-Term Care policy, A person who, for a fee, gives advice or recommendations on benefits provided by an insurance contract is called, Child over the age of 18 years who attends an educational institution and relies on the insured employee for financial support.

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