a producers secretary who solicits prospects on the telephone

Whichof these will have the highest monthly payout upon Annuitization? \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ When an applicant passes a licensing examination and answers all background questions negatively. C) Unintentionally misrepresented a material fact on the application. 1. The two plans are fee-for-service and. B. Recieve a tax credit to help offset the cost of health insurance. Which of the following is a requirement for ANY change in an insurance application? 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 life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Which of the following would be the appropriate tax consequence? juin 5, 2022 . When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? a producers secretary who solicits prospects on the telephone. B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. Temporarily Deposit the funds in a personal account. A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. The death benefit paid will be what the premium would have purchased at the correct age. At the request of the insurer to assist in the underwriting decision. Former dependent of employee no longer ofdependent status. a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application This is an unlawful practice known as, must be delivered with or prior to policy delivery. 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. 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? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. A minimum of 12 months after date of purchase. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. Which type of contract may NOT be issued by an insurance company? B.) Because dividends are considered to be a return of premium. 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. Erica is 35 years old and owns an IRA. 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). c. Travel accidental insurance premiums. Please upgrade to Cram Premium to create hundreds of folders! A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Whichtype of injury would NOT be covered under a health insurance policy? Which type of disability would be less than total impairment and equal to permanent impairment? 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. James is the insured on a life insurance policy where his age was misstated on the application. & \text{Balance}& \text{Balance} & \\ ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Producer commissioners may NOT be paid to: B. Licensedand appointed producers who are sharing commissions. Which of the following situations would be suitable for a temporary work authority? Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) How many days notice must the Commissioner give prior to a hearing? As beneficiary, he will pay__taxeson any money withdrawn. Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? visas, binomial trials. 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. Percent frequency distribution for key variables. What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? The policies continue in force with no change. Which rider would pay a monthly amount because of this disability? Term, Whole, and universal lifeinsurance. We'll bring you back here when you are done. by . how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . Continued coverage under COBRA would be providedto all of the following EXCEPT: a. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? is one of the oldest and best known of all Barbadian funeral establishments. 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? Whichof these benefit options would he choose? All Medicare Supplement policies MUST contain which provision? A closed network plan offers a primary physician copay of $25. Maria would like an annuity that provides a guaranteed accumulation or payout. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. The taxable portion of each annuity payment is calculated using which method? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. The company did not retire any bonds or repurchase any of its own common stock during the year. {"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"}}. Whichof the following is Medicare Part B also known as? There are several types of whole life insurance that are as follow:- A. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). 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. Financial report from the previous year. Jim recently sold his whole life insurance policy under a critical settlement contract. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. An insurer may pay a commission in which of the following scenarios? Medical history from the insured may be reviewed and reported, If an insurer receives a notice of claim under an individual health policy, and fails to provide proof of loss forms within 15 days, the insured must, File a written proof of loss, detailing the occurrence, character and extent of loss. Which of these premium payment frequencies is not typically available to a policy owner? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Which entity is responsible for processing insurance advertising in New Jersey? 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. Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. Which of the following is present when an applicant stands to lose value if the insured dies? The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. Insurable interest can be established sufficiently by sentimental attachment alone, A life insurance policy written on one contract for two people in which it is payable upon the first death is called. AMaryland insurance producer solicits an insurance policy. Proceeds payable under a life insurance contract to a policyowner in anticipation of death or upon the occurrence of specified life-threatening conditions as defined by the policy are best described as: A temporary producer license in Maryland is valid for up to. Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. 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. Which of the following is true concerning the proceeds of a life insurance policy? When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid? Hill during her initial calls made to the call center. Which market index is associated with an indexed annuity's rate of return? Write a sentence explaining its significance to the executive branch. The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. Upon delivery, she may be expected to collect all of the following EXCEPT a(n), Modified application with a new signature, All of these are valid policy dividend options for a life insurance policyowner EXCEPT. 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. As beneficiary, he will pay ____ taxes on any money withdrawn. Mark continues working after the age of 65 and is covered through his employer's group health plan. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. A beneficiary has just received a claim payment for a life insurance policy. Which of the following is required for an insurer to conduct business in this state? 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. D.) Intentionally violated state insurance laws. 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. pain between 4th and 5th metatarsal. Which of the following does Medicare Part D cover? a producers secretary who solicits prospects on the telephone. Producers must complete a total of ____ continuing education credits for each two-year licensing period. 14 day waiting period / 10 year benefit period. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. 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. 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. D. Adjustable, permanent, and limited-pay lifeinsurance. In a group health care, what is the purpose of the coordination of benefits provision? You are given the graphs of several functions of the form f(x)=ax2+bx+cf(x)=a x^2+b x+cf(x)=ax2+bx+c for different values of a, b, and c. For each function. d. Individual disability income insurance premiums. 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 may be the result of replacing an existing life insurance policy with a new one? \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. This type of agreement is called an. Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. 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. 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. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Who is required to notify the producer in the event of appointment termination? a producers secretary who solicits prospects on the telephone. Which of the following is NOT information found in a life insurance buyer's guide? B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. Whatis the primary reason for buying an annuity? B. Gainsare tax exempt at distribution. 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. 1. Who would be responsible for the prosecution of this crime? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. 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? An individual life insurance policy can be contested by the insurer only during the first _________ years of the contract, An order issued by the commissioner that prohibits a specific practice listed in the order is called a. Which of the following is a reinstatement condition? At what age can she begin to receive distributions without a tax penalty? b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. The producer decides not to respond. How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Both partners are still married at the time of Bob's death. Which of the following is CORRECT regarding the death benefit amount. Course Hero is not sponsored or endorsed by any college or university. by geriford27, D. The face amount and premiumwill remain constant over the 10-year period. Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Whatwould be an expense factor in an insurance program? Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. D. Assist an insurer in determine an applicantscreditworthiness. 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. a producers secretary who solicits prospects on the telephone. 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. Re: Acting as insurance producer without a license Questions Presented 1. Her health policy most likely contains a(n). A producer may begin to solicit insurance ONLY. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which of the following is an example of defamation? What happens to the coverage under a children's term rider when that child reaches a certain specified age? The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. 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. 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. In event of acontroversy between the insured and the company, the producer is considered to representthe. 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. Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? licensed producers not appointed by an insurer. Determine whether the discriminant is positive, negative, or zero. May an insurance producer licensed in New Jersey but not in New York sell a life insurance policy to a New York resident while in New Jersey? who would be responsible for the prosecution of this crime? Which of these if NOT considered to be a purpose of an annuity? How often must an insurance producer's license in Maryland be renewed? Tim's individual life insurance policy has just recently lapsed. With a past due premium of $100, the insurer pays $400. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? What is the primary purpose of a rating service company such as A.M. Best? Prospective producer who is waiting to take the state examination. Engaged in a fraudulent insurance practices. Whatdoes the word Level in level term describe? Which of the following is an example of fraud? A master contract and certificate of coverage can be found in which type of policy? What kind of insurance provides coverage for one or more necessary or appropriate diagnostic, preventative, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital? Which of the following is NOT a federal requirement of a qualified plan? 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. When initial premium is collected and policy is issued. The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. 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. Under a life insurance policy, what does the insuring clause state? The face amount will remain constant and thepremium will increase over the 10-year period, C. The Premium will remain constant and the faceamount will increase over the 10-year period. How many employees must an employer have for a terminated employee to be eligible for COBRA? What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? 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.

Stancor Transformer Cross Reference, Life After Gallbladder Removal Forum, Articles A