a producers secretary who solicits prospects on the telephone

Maria the agent would like to advertise an annuity product on a highway billboard. When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. Jay the producer is giving insurance advice regarding a prospect's existing coverage. Add to folder A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. D. Licensedproducers not appointed by an insurer. In this situation, who will receive Bob's policy proceeds? Which of the following is present when an applicant stands to lose value if the insured dies? Which rider would pay a monthly amount because of this disability? 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. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? Within how many days must a producer notify the Department of Banking and Insurance of a change in address? 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. Which of the following is the likely result? 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. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Whichtype of life insurance is normally associated with a payor benefit rider? Which of the following is NOT a qualification to be licensed as a producer? 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. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. What is created after policy proceeds areobtained in a lump sum and then immediately invested? MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. How many months can a life insurance policy normally be backdated from the date of application? Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? This agreement is called an, Upon receiving a producer complaint, the Commissioner may immediatley, ABC Insurance Company transfers part of their risk to XYZ Insurance Company. Whichof the following is Medicare Part B also known as? Which of the following is CORRECT regarding the death benefit amount. When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. What happens to the coverage under a children's term rider when that child reaches a certain specified age? The legal action provision in a health contract is limited to no more than ___ years. Sonya applied for a health insurance policy on April 1. What happens when an insurance policy is backdated? Whichof the following is a requirement for ANY change in an insurance application? Whichtype of injury would NOT be covered under a health insurance policy? 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. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. The company did not retire any bonds or repurchase any of its own common stock during the year. 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. As beneficiary, he will pay__taxeson any money withdrawn. Write a sentence explaining its significance to the executive branch. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Which of these if NOT considered a form of life insurance advertisement? \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ We weren't able to detect the audio language on your flashcards. Long-term care insurance and Medicare Supplement plans have a free-lock period of ______ days, A ______ insurance company is one that was formed under the laws of a state other than Maryland, they are both licensed in the same line of business, Two producers may share a commission ONLY if, Mary's Medicare Supplement policy had been in effect for 12 months. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . Whoassumes the investment risk with a fixed annuity contract? Who regulates the quality care provided by a health maintenance organization (HMO)? This situation is called, Written notice of a health insurance claim should be given to the insurer within _____ days after the occurrence of any loss covered by the policy, To conduct insurance business in this State, an insurer must be issued a certificate of authority. D. Level for the first 5 years then decreases forthe remainder of the policy. 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. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? How many employees must an employer have for a terminated employee to be eligible for COBRA? A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. 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. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Which of the following statements is TRUE? A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? Please upgrade to Cram Premium to create hundreds of folders! Which of these statements about Medicaid iscorrect? The taxable portion of each annuity payment is calculated using which method? Term, Whole, and universal lifeinsurance. Which disability policy provision would address any concerns of the value of the benefits decreasing over time? Which of the following is the likely result? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Which of the following situations would be suitable for a temporary work authority? Which of these may NOT be used in a health insurance advertisement? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? Which of these if NOT considered to be a purpose of an annuity? Which scenario would most life insurance policies exclude coverage for? Collecting a chargefor insurance that is less than the charge applicable to that insurance. Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. 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. The renewability provision for an individual long-term care insurance policy must be located on the policy form's, The ______________________ must be notified of a licensee's address change within 30 days of such change, Producers must complete a total of _______ Continuing Education hours for each two-year licensing period, A Medicare Supplement policy may exclude coverage for a preexisting condition for up to ____ months. A life insurance policy is hallowed ___ days upon policy delivery to return the policy for a full premium refund.. An order issued by the commissioner that prohibits a specific practice listed in the order is called a (n). Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. Temporarily Deposit the funds in a personal account. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Erica is 35 years old and owns an IRA. Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Employee must be able to make unlimited contributions. Whatis the purpose of the medical information Bureau (MIB)? 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). Whichof these will have the highest monthly payout upon annuitization? Whatis the primary reason for buying an annuity? b. Pat the client interest on any monies held. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. A. Over the course of a year, which premium payment mode is most expensive? In which of the following relationship would there NOT be an insurable interest? Duringthe accumulation period, who can surrender an annuity? In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org Our Future You series provides a range of topical advice and guidance via webinars and podcasts. 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. Who would be responsible for the prosecution of this crime? A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Unders Insurance companies look at a number of factors when it comes to setting premiums for a particular company. B. \\ Which of the following is required for an insurer to conduct business in this state? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Which of these describes the change that will take place?A) Coordination of benefitsB) ConversionC) Extension of benefitsD) Rollover, Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.A) policyB) certificateC) applicationD) rider. pain between 4th and 5th metatarsal. Who is eligible for insurance under a group policy issued to a labor union? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. by geriford27, Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Which of these statements is true? If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? This is called a. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. How often must the Commissioner examine each domestic insurance company? This illustration MUST disclose that. A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? 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. 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. If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year?

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