Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Which market index is associated with an indexed annuity's rate of return? The Healthcare Insurance Exchange offers plans for everyone. ARoth IRA owner must be a least what age in order to make tax-free withdrawals? In what form do disability income policies typically pay benefits? It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? 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. A long-term care policy typically provides all of the following levels of care EXCEPT, A life insurance policy that has premiums fully paid up within a stated time period is called, A securities license is required for a life insurance producer to sell, In contrast to a guaranteed renewable policy, a noncancellable policy. Which of these statements is true? What will the beneficiary receive if an annuitant dies during the accumulation period? Which situation accurately describes a reduced paid-up nonforfeiture option? Which of the following is an example of defamation? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? D. Administered by the federal government. This rider is called a(n). Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? 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). Find out how you can intelligently organize your Flashcards. Whichtype of life insurance is normally associated with a payor benefit 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. When an applicant passes a licensing examination and answers all background questions negatively. Which of these premium payment frequencies is not typically available to a policy owner? How often must the Commissioner examine each domestic insurance company? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ b. Find out how you can intelligently organize your Flashcards. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. 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. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. 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? Which of thesestatements is true? Which of the following does Coordination of Benefits allow? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. B.) We'll bring you back here when you are done. The legal action provision in a health contract is limited to no more than ___ years. Which of the following is a reinstatement condition? 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. by . Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? 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. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. The coverage, condition, and limitations in the master policy of a group contract can be found in which document? B. Whenthe application is collected and policy is issued, C. Whenthe application is completed and signed, D. Whenthe completed application is signed and initial premium is collected. 1. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. What is the purpose of having an accelerated death benefit on a life insurance policy? The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Whoassumes the investment risk with a fixed annuity contract? What happens to coverage under a children's term rider when that child reaches a certain specified age? 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. At the request of the insurer to assist in the underwriting decision. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Benefits for a Medicare Supplement policy. 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 of the following is NOT a qualification to be licensed as a producer? Craig submits a $500 claim for medical expenses. Which of the following does Medicare Part D cover? How long is her grace period? In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, C. Remain of their current coverage for 30 months. Which of the following is NOT information found in a life insurance buyer's guide? In the event of employment termination, group health insurance can be kept if the employee pays the premiums. The Commissioner issues a subpoena to a producer. An individual the means to replace wages. An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. The death benefit paid will be what the premium would have purchased at the correct age. An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? 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. The proceeds of this contract could be subject to the claims of. 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. Adoctor who accepts Medicare Assignment agree to which of the following ? A. Write a sentence explaining its significance to the executive branch. In event of acontroversy between the insured and the company, the producer is considered to representthe. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. Which of the following is typically NOT eligible for coverage in a group health policy? B. Recieve a tax credit to help offset the cost of health insurance. The individual is paying premiums that are priced for each year or Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of instability. Which of these is affected by the frequency of an insurance policy's premium payments? Whichof these will have the highest monthly payout upon Annuitization? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Tim's individual life insurance policy has just recently lapsed. What amount will be paid under a policy where the insured misstated his/her age? How often must an insurance producer's license in New Jersey be renewed? A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. HIPPA considers which of the following as "individually identifiable health information"? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . 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. Who is required to notify the producer in the event of appointment termination? Whichphase is this annuity in? Which of the following is a reinstatement condition? How soon can the benefit payments begin with a deferred annuity? is one of the oldest and best known of all Barbadian funeral establishments. In Maryland, a Producer may have his/her license revoked for which of the following acts? 1. The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. She would like to borrow $15,000 against the cash value. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Whendoes a life insurance policy typically become effective? Which type of contract may NOT be issued by an insurance company? By . port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. Ahealth care provider claim may be settled using which of the following paymentmethods? How many days notice must the Commissioner give prior to a hearing? Howdoes one become eligible for part D: Prescription Drug Coverage? c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. Pat is insured with a life insurance policy and Karen is his primary beneficiary. Which of the following statements is TRUE? What is the primary purpose of a rating service company such as A.M. Best? James is the insured on a life insurance policy where his age was misstated on the application. Afterwards, she deposits the check into her personal checking account. \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Life insurance policies will. 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. Course Hero is not sponsored or endorsed by any college or university. Peter Griffith, Funeral Director of Lyndhurst Funeral Home. The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? If she dies 15 years after the policy's inception date, how much will her beneficiary receive? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ A producer may begin to solicit insurance ONLY. Which of these riders will pay a death benefit if the insured's spouse dies? 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. A minimum of 12 months after date of purchase. Paul has a (n), Failingto Promptly provide a reasonable explanation for the denial of a claim is conservedto be a(n), AnHMO that involves a partnership of physicians and other providers who practiceout of a central facility is called a(n), Smallemployers who are spooned by an insurer to provider group benefits to itsemployees are called. 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. Determine whether the discriminant is positive, negative, or zero. New Jersey insurance law requires eligible individuals to make an election to continue health insurance benefits within a MAXIMUM of _____ days after coverage termination, A _____ insurance company is one that was formed under the laws of a state other than New Jersey, All of the following are typically included in a life insurance policy illustration EXCEPT, Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be considered a "dependent child"? Which of the following is present when an applicant stands to lose value if the insured dies? -is an example of the illegal act called twisting -must be bonded through the state -must be licensed as a producer -is not required to be licensed as a producer must be licensed as a producer Producers selling insurance in New Jersey while having a residence and business address An insurer formed according to the legal requirements of another country is called an. 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. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. Allof these are considered key factor in underwriting life insurance EXCEPT, Anapplicant intentionally lying to an insurance company on an application inorder to obtain a cheaper premium is an example of. Whichof these will have the highest monthly payout upon annuitization? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. An individual can enroll in a Part C Medicare Advantage Plan at what time? Fundingfor Medicare Part B is Partially provided by. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Whichscenario would most life insurance policies exclude coverage for? Shirley has a $500,000 10-year non-renewable level term life policy. EXECUTIVE SUMMARY. Submit to the replacing insurer a list of the policies to be replaced. The greater of the accumulated cash value or the total premium paid. You have created 2 folders. Producers must complete a total of ____ continuing education credits for each two-year licensing period. A. Tara the producer is delivering a specified disease insurance policy to a new policyowner. 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. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Mary ran into John, another employee, who happened to be taking outthe garbage. 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. The names of the insurance companies represented by the producer. Within how many days must a producer notify the Department of Banking and Insurance of a change in address? 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. Unit 4 Assign Rubric Impact of Colonial Experience (2).pdf, 0B1FC21B-547A-410E-8D8F-64E2A8C35084.jpeg, My Path Assessment Editor _ WorldQuant University.pdf, Oral liquid 50 microgramsml Tablet 625 micrograms 250 micrograms epinephrine, spirit its source is what constitutes religion This can be traced to the, Write in a brief description for the bubbles with underlined words 2 Choose a, BUS 1021 Organizational Behavior (OB) Consulting Assignment.edited11.docx, lOMoARcPSD11771818 True or False The above plot shows clear evidence that the, 2 Non tariff barriers which are further classified into two categories a, CTS115 - Chapter 5 - Case Study - Denial of Service -Moss.docx, The fallacy described as a red herring is most similar to a False cause b, Copy of Algebra Unit 2, Concepts 1, 2, 3.pdf, The model is used to describe the interaction of external forces that affect an, EVM Presentation - Project Management .pptx, What is the shape usually used to refer to the curve that illustrates. \text{Inventory} & \underline{\hspace{13pt}55,000} & \underline{\hspace{13pt}50,000} \\ Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Who would be responsible for the prosecution of this crime? The standard grace period for a life insurance policy sold in Maryland is. Using derogatory statements about an insurance company's financial condition. Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. Which of these will typically authorize treatment from a specialist? Which of the following is NOT required in an order from the Commissioner? An attending physician's statement would be appropriate for which life insurance purpose? \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ what happened to amy bailey happy healthy humble . c. Solve the equation f(x)=0, if possible. Which of the Uniform Optional Provisions covers this situation? What are the levels of coverage as defined by the Affordable Care Act? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Elizabethis the beneficiary of a life insurance policy. All of these are standard exclusions found in a life insurance policy EXCEPT. Within how many days must a producerreport to the commissioner any administrative actions made against him/her? An amount the premium would have purchased at the correct age. How long is the Contestable Period for health insurance policies sold in New Jersey? How often must an insurance producer's license in Maryland be renewed? Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. B. Collectinga charge for insurance that is less than the charge applicable to thatinsurance, C. Misappropriateor unreasonably withhold premiums or returned premiums. 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. 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. 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. A. D. Assist an insurer in determine an applicantscreditworthiness. The policies continue in force with no change. Which of the following topics needs to be discussed with this client? AMaryland insurance producer solicits an insurance policy. Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Maria would like an annuity that provides a guaranteed accumulation or payout. & \text{Ending}& \text{Beginning} & \\ What is the contract called that is issued to an employer for a Group Medical Insurance plan? Please sign in to share these flashcards. What is this an example of? Which of the following must be included in the advertisement? Providing claim payments to insureds under the guidelines of the insurance contract. Afterwards, she deposits the check into her personal account.
