a producers secretary who solicits prospects on the telephone

Net death benefit will be reduced if the loan is not repaid. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. belmont funeral home obituaries barbados Whichof these will have the highest monthly payout upon annuitization? Former dependent of employee no longer ofdependent status. All Medicare Supplement policies MUST contain which provision? 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. An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. Complete the sentence using each term once. EXECUTIVE SUMMARY. . The Premium for a Modified whole life policy is: A. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Which market index is associated with an indexed annuity's rate of return? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? All of these are responsibilities of the Commissioner EXCEPT, policy must be issued to XYZ, and a certificate must be issued to each employee, XYZ Corp was issued a group health policy for its employees. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. 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? Mary ran into John, another employee, who happened to be taking outthe garbage. C. Protects consumers with guidelines regarding creditreporting and distribution. 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. Craig submits a $500 claim for medical expenses. 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. The concept is simple - the insured buys the policy and names Life insurance pays after a persons death to help family members pay for debt, lost income, or funeral costs (Life Insurance 686). The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. What is the purpose of a disability income benefit? 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. The policyholder for a group health benefit plan is considered to be the, A Medicare Supplement policy can be cancelled by the insurer for, As of January 1, 2007, producer's license expires, Every two years on the last day of the producer's birth month, An insurer has the right to recover payment made to the insured from the negligent party. Which of the following is a reinstatement condition? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. She recently replaced the policy with a new one that provides better coverage. _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period. How much does Medicare Part B pay for physician fees? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Maria has committed what crime? 1. All of these are standard exclusions found in a life insurance policy EXCEPT. Who is eligible for insurance under a group policy issued to a labor union? 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. Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. Which law do all insurers and their producers need to comply with? Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Which of the following is the likely result? Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? A. 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). Which type of disability would be less than total impairment and equal to permanent impairment? Whichof these benefit options would he choose? 5511. 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. The standard grace period for a life insurance policy sold in Maryland is. Which of the following is a requirement for ANY change in an insurance application? Which of the following is a reinstatement condition? 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. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? In the event of the employment termination, group health insurance can be kept if the EMPLOYEE pays the premiums, A health insurer must be provided with written proof of loss _____ days after the date of loss, A producer must notify the Commissioner within _____ days of a felony conviction. A. A. . Which of these riders will pay a death benefit if the insured's spouse dies? Annuities are intended to create an estate. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? Which of the following is the likely result? 59 and owned account for a minimum of 10 years, B. a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? 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. Which of these will typically authorize treatment from a specialist? 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. What is the purpose of the Medical Information Bureau (MIB)? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . 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? The producer decides not to respond. \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ 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. Which scenario would most life insurance policies exclude coverage for? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) OF 1985 allow an employee to do? Who would be responsible for the prosecution of this crime? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. 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. -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 yabombay Flashcards | Quizlet If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. 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. a producers secretary who solicits prospects on the telephone a producers secretary who solicits prospects on the telephone. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. 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 does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Find out how you can intelligently organize your Flashcards. Shirley has a $500,000 10-year non-renewable level term life policy. 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. Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Which course of action must be taken by the Commissioner? The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. Which of the following is present when an applicant stands to lose value if the insured dies? How soon can the benefit payments begin with a deferred annuity? & \text{Balance}& \text{Balance} & \\ licensed producers not appointed by an insurer. A life insurance policy sold in Maryland can be cancelled for nonfraudulent misstatements for up to, A person who has a contract with an insurance company to represent it, To a licensed producer who is appointed with the insurer. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? Which of the following actions by a producer would NOT result in a license suspension or revocation? Which military service exclusion clause would pay upon his death? The policies continue in force with no change. Howsoon can the benefit payments begin with a deferred annuity? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Which of the following is NOT part of an insurance contact? Determine whether the discriminant is positive, negative, or zero. Inwhich of the following situations would the insurer be liable for a loss? Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? An individual who has a hobby racing cars once a month. Which of the following topics needs to be discussed with this client? C.) Unintentionally misrepresented a material fact on the application. How much does Medicare Part B pay forphysician fees? A. Level premium permanent insurance accumulates a reserve that will eventually, Ambiguities in an insurance policy are always resolved in favor of the, Chapter 11 Exam - New Jersey Laws and Rules, Life Insurance Policies - Provisions, Options, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Daniel F Viele, David H Marshall, Wayne W McManus. 1. 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. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Whatwould be an expense factor in an insurance program? Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? 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. 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. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Whichtype of injury would NOT be covered under a health insurance policy? Using derogatory statements about an insurance company's financial condition.