a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone

Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. a producers secretary who solicits prospects on the telephone Erica is 35 years old and owns an IRA. & \text{Balance}& \text{Balance} & \\ Howdo interest earnings accumulate in a deferred annuity? Final Exam - New Jersey Life and Health Flashcards | Quizlet If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? 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. The producer decides not to respond. May 2020. A. Collectinga premium for insurance that is not provided. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. b. Pat the client interest on any monies held. C. Protects consumers with guidelines regarding creditreporting and distribution. Whendoes a life insurance policy typically become effective? Kurt is an active duty serviceman who was recently killed in an accident while home on leave. \end{array} 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. A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. A producer has committed an insurance crime that violates US code 1033 (interstate commerce). The Premium for a Modified whole life policy is: A. 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. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. An insurance company needs to obtain personal information from a third party concerning an applicant. To be classified as a small employer, an employer mustNOT have more than__ eligible employees. How much does Medicare Part B pay for physician fees? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Please select the correct language below. Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. 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. Employee must be able to make unlimited contributions. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. What is this an example of? The law that established insurance transactions regulated by the states is called. Financial report from the previous year. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. 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). 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. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Add to folder Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ \text{Bonds payable} & \hspace{13pt}60,000 & \hspace{13pt}50,000 \\ 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. An amount the premium would have purchased at the correct age. 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. b. Must be bonded through the state. Mariais a preferred provider organization (PPO) subscriber and received care from anout-of-network provider. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? who would be responsible for the prosecution of this crime? Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? 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? a producers secretary who solicits prospects on the telephone June 24, 2022 . 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? Howare annuities given favorable tax treatment? B. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Tarathe producer is delivering a specified disease insurance policy to a new policyowner. The names of the insurance companies represented by the producer. 59 and owned account for a minimum of 10 years, B. An individual who has a hobby racing cars once a month. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? Why are dividends from a mutual insurer not subject to taxation? How long is the Contestable Period for health insurance policies sold in Maryland? 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. A. How many days notice must the Commissioner give prior to a hearing? A producer has recently died and leaves behind a spouse In order for Introducing Cram Folders! A. a producers secretary who solicits prospects on the telephone. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. Producing an inadequate amount of new premium. The type of annuity she is seeking is called? Which course of action must be taken by the Commissioner? Who is eligible for insurance under a group policy issued to a labor union? Kathy pays a monthly premium on her health insurance policy. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. Who would most likely be coveredunder Workers Compensation? Within how many days must a producer report to the Commissioner any administrative actions made against him/her? B. Recieve a tax credit to help offset the cost of health insurance. She paid the premium on May 15 with the policy indicating the effective date being May 30. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. A producer's license may only be suspended or revoked if the producer, one or more diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital, Long-term care policies sold in Maryland may exclude coverage related to, The Life and health Guaranty Corporation provides funds to carry out its powers and duties by assessing, As of January 1, 2014, small group health insurance can be rated on the basis of, An individual covered under a Blue Cross Blue Shield plan is called a, An HMO that involves a partnership of physicians and other providers who practice out of a central facility is called a, Funding for Medicare Part B is partially provided by, Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility, MEWA (Multiple Employer Welfare Arrangement), Small employers who are sponsored by an insurer to provide group benefits to its employees are called. As of January 1, 2014, small group health insurance can be rated on the basis of. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Which of the following basics is a producer's fiduciary responsibility? If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? A. A non-contributory health insurance plan helps the insurer avoid, An employee under a group insurance policy has the right to name a beneficiary and the right to, A) remain on the group in the event of employment termination, D) Convert to an individual policy in the event of employment termination, D) Convert to an individual policy in the event of employment termination, All of the following are Characteristics of a group life insurance plan EXCEPT, Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. A term life insurance policy is what most people think of when they think about life insurance. Inwhich of the following situations would the insurer be liable for a loss? a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone Whichof these will have the highest monthly payout upon annuitization? Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Using derogatory statements about an insurance company's financial condition. The two plans are fee-for-service and. How much does Medicare Part B pay forphysician fees? Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? D.) By providing consumer credit counseling. A life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. Eventually, they retire and dissolve the business. Both partners are still married at the time of Bob's death. Please upgrade to Cram Premium to create hundreds of folders! Duringthe accumulation period, who can surrender an annuity? We understand that this must have been both very frustrating and disappointing. The statement which best describes the relationship between the relationship between the premiums of a whole life policy and the premium payment period is, The shorter the payment period, the higher the premium. Ahealth care provider claim may be settled using which of the following paymentmethods? 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. Which type of disability would be less than total impairment and equal to permanent impairment? Engaged in a fraudulent insurance practices. How many employees must an employer have for a terminated employee to be eligible for COBRA? Over the course of a year, which premium payment mode is most expensive? As beneficiary, he will pay__taxeson any money withdrawn. The legal action provision in a health contract is limited to no more than ___ years. 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. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. A separate converted policy may, at the option of the insurance company, be issued to cover an. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. B. Gainsare tax exempt at distribution. 1. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Which of the following situations would be suitable for a temporary work authority? Whichtype of injury would NOT be covered under a health insurance policy? 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. Which of the following is NOT a circumstance to which a temporary producer license can be issued? Which of the following is NOT information found in a life insurance buyer's guide? Which of these if NOT considered a form of life insurance advertisement? belmont funeral home obituaries barbados Who is the individual paid on a fee-for-service basis? Which of the following is an example of defamation? Under a life insurance policy, what does the insuring clause state? Whatis the purpose of the medical information Bureau (MIB)? A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? 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. A minimum of 12 months after date of purchase. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. What would be an expense factor in a insurance program? Who would make the final determination on whether or not an insurance advertisement is misleading? D. The face amount and premium will remain constantover the 10-year period. 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. Provides the insured a specific dollar amount for services, An example of an unfair method of competition is, Overstating the benefits of an insurance policy, A pharmacy benefit covers prescription drugs derived from a list called, The type of policy which pays on the death of the last person is called, Converting a group plan to permanent life insurance requires, The conversion being applied for within 31 days of termination, Ownership of a life insurance policy may be temporarily transferred with a(n). When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . Which of these will typically authorize treatment from a specialist? a producers secretary who solicits prospects on the telephone ARoth IRA owner must be a least what age in order to make tax-free withdrawals? 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 is the purpose of a disability income benefit? This type of agreement is called an. Which military service exclusion clause would pay upon his death? Vaginal plastic surgery is made up of two main procedures, external and . The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Which of the following is present when an applicant stands to lose value if the insured dies? Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. A beneficiary has just received a claim payment for a life insurance policy. c. Travel accidental insurance premiums. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? A life policy loan in Maryland cannot charge a fixed rate of interest higher than: A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting, d.) Is not required to be licensed as a producer. 1. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? Which of the following is TRUE regarding the federal income tax? What are the levels of coverage as defined by the Affordable Care Act? D.) Intentionally violated state insurance laws. In what part of insurance policy benefits found? Which of the following is NOT required in an order from the Commissioner? Which of the following statements is TRUE? With a past due premium of $100, the insurer pays $400. Which entity is responsible for processing insurance advertising in New Jersey? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. In event of acontroversy between the insured and the company, the producer is considered to representthe. 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. How long is the Contestable Period for health insurance policies sold in New Jersey? 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 Continued coverage under COBRA would be providedto all of the following EXCEPT: a. 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. This illustration MUST disclose that. 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. Which of the following is Medicare Part B also known as? 1. Whatdoes the word Level in level term describe? What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period? 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? In the event of employment termination, group health insurance can be kept if the employee pays the premiums. What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. How often must an insurance producer's license in New Jersey be renewed? Which of the following is the likely result? a producers secretary who solicits prospects on the telephone. a. Mustmeet certain underwriting guidelines. The company did not retire any bonds or repurchase any of its own common stock during the year. a. Theinsured skipped a payment beyond the 31 day grace period, b. Theinsured was injured while participating in an illegal occupation, c. Theinsured was given a notice of cancellation from the insurer, d. Theinsured suffered an injury as an innocent bystander during a bank robbery.