When an applicant passes a licensing examination and answers all background questions negatively. This change is called a(n). a producers secretary who solicits prospects on the telephone How to take legal action against an insurance company. 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. EXECUTIVE SUMMARY. Which of the following is the likely result? 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. This is called a. How long must an individual be unable to engage in any gainful activity due physical or mental disability in order to qualify for Social Security Total Disability? Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . The Healthcare Insurance Exchange offers plans for everyone. a producers secretary who solicits prospects on the telephone visas, binomial trials. A licensed producer is required to file notice of any change of address within how many days? Which of these premium payment frequencies is not typically available to a policy owner? An attending physician's statement would be appropriate for which life insurance purpose? Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Complete the sentence using each term once. Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. 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. Which of the following is Medicare Part B also known as? B. _____ 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. Whichphase is this annuity in? Which rider would pay a monthly amount because of this disability? A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? How long is the Contestable period for health insurance policies sold in Maryland? Who is the individual paid on a fee-for-service basis? a producers secretary who solicits prospects on the telephone A closed network plan offers a primary physician copay of $25. All Medicare Supplement policies MUST contain which provision? \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ a producers secretary who solicits prospects on the telephone How many days notice must the Commissioner give prior to a hearing? A master contract and certificate of coverage can be found in which type of policy? \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ Which military service exclusion clause would pay upon his death? What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Which of these will typically authorize treatment from a specialist? Because dividends are considered to be a return of premium. 1. 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). An agent is required to keep replacement forms on file for at LEAST _____ years, When a Medicare supplement policy is purchased during the open enrollment period, The policy must be issued regardless of health status, Have it's content approved by the Insurance Commissioner. Vaginal plastic surgery is made up of two main procedures, external and . A beneficiary has just received a claim payment for a life insurance policy. Howdoes one become eligible for part D: Prescription Drug Coverage? a producers secretary who solicits prospects on the telephone Under a life insurance policy, what does the insuring clause state? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Which of the following may be used as continuation education credit? Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Kathy pays a monthly premium on her health insurance policy. Within how many days must a producer report to the Commissioner any administrative actions made against him/her? 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. This is an unlawful practice known as, must be delivered with or prior to policy delivery. An amount the premium would have purchased at the correct age. 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. How often must an insurance producer's license in Maryland be renewed? Mikehas inherited his fathers traditional IRA. A producer has recently died and leaves behind a spouse In order for XZY company has applied for group health insurance for its employees. 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. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? HIPPA considers which of the following as "individually identifiable health information"? Which of the following does Medicare Part D cover? A. It is health insurance for the elderly. At the request of the insurer to assist in the underwriting decision. Atax-free 1035 Exchange of a life insurance policy to a different policy ispermitted if it occurs, A. Inthe same state as the original transaction, C. Frominsurer to insurer and no cash is received by the policy owner, D. Fromagent to agent as long as the agents are licensed in the same line. Insurance/Healt Agent Exam Flashcards - Cram.com One of. a producers secretary who solicits prospects on the telephone. Similar to the differen o Term Life insurance: an individual is buying protection for a specific period of time. Advertising material for a life insurance policy does NOT need to contain which of the following? The names of the insurance companies represented by the producer. The type of annuity she is seeking is called? If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? What are the levels of coverage as defined by the Affordable Care Act? By . belmont funeral home obituaries barbados Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. Afterwards, she deposits the check into her personal account. {"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"}}. EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is, All of the following are core benefits of Medicare Supplement Plan A EXCEPT, Deductible payments for the first 60 days of hospitalization under Medicare hospitalization under Medicare hospitalization insurance, Statements made by an insurance applicant on an application are considered to be. 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. Unintentionally misrepresented a material fact on the application. Net death benefit will be reduced if the loan is not repaid. Sonya applied for a health insurance policy on April 1. a producer's secretary who solicits prospects on the telephone. Which of thesestatements is true? Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. All of these are standard exclusions found in a life insurance policy EXCEPT. A. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? 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. Julie has a $100,000 30-year mortgage on her new home. Which settlement options pays a stated amount to an annuitant but no residual value to a beneficiary? Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? The face amount and the premium will remain constant over the 10-year period. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. This type of agreement is called an. When initial premium is collected and policy is issued. 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. a producers secretary who solicits prospects on the telephone She would like to borrow $15,000 against the cash value. 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. Which of the following is present when an applicant stands to lose value if the insured dies? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. An annuitant is guaranteed to NOT outlive their benefits will a(n). An insurer formed according to the legal requirements of another country is called an. MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Pierre the producer receives a premium for an individual health insurance policy. There are several types of whole life insurance that are as follow:- To be eligible for small employer group coverage, an employee must work a MINIMUM of ____ hours in a typical week. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. Bob dies 12 months later. An individual who has a hobby racing cars once a month. You have created 2 folders. Providing claim payments to insureds under the guidelines of the insurance contract. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which of the following is NOT considered to be an act of fraud? port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador If she dies 15 years after the policy's inception date, how much will her beneficiary receive? Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? Howsoon can the benefit payments begin with a deferred annuity? c. Solve the equation f(x)=0, if possible. After passing the state Producer licensing exam, application for the license must be made within, How long must an insurance company keep record on life insurance replacement activity, An insurance company that is organized or chartered in a country other than the United States is defined as, Advertisements of insurance in a local newspaper, must be approved by, Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit, Increase the premiums on an individual basis, Continued coverage under COBRA would be provided to a(n), A covered employee is terminated for gross misconduct, In New Jersey, health insurance advertisements are required to contain the, The purpose of a coordination-of-benefits provision in group health accident and health plans is to, If an insured dies during the grace period with no premiums paid, The policy would be payable, minus the premium amount, A 10% excise tax is normally applied to an early withdrawal from an IRA.