5511. This rider is called a(n). \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ 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. How often must an insurance producer's license in New Jersey be renewed? Juni 2022. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ 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. To be eligible for small employer group coverage, anemployee must work a MINIMUM of __ hoursI a typical week. a producers secretary who solicits prospects on the telephone. June 5, 2022 . Which of these is NOT an Unfair Claims Settlement Practice? Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Eventually, they retire and dissolve the business. What happens when an insurance policy is backdated? What is created after policy proceeds areobtained in a lump sum and then immediately invested? If a producer has been engaged in an administrative action by any governmental agency, within how many days following the final deposition must the producer report the action to the Commissioner? It is administrated by the federal government, C. It is funded by federal, state, and local taxes. What does the Group Life underwriting risk selection process help protect insurance companies from? Which of the following does Medicare Part D cover? 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. Ifan insurer refuses to pay a claim, how many days must the insured wait to takelegal action against a health insurer after submitting written proof of loss? 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. A licensee MUST notify the Commissioner of an address change within _______ days of the change, Violations of US Code Title 18 section 1033 may result in, In the state of Maryland, a licensed producer, sharing commissions with other licensed and appointed agents, All of the following actions are considered rebating EXCEPT, Under the Maryland Health Insurance Plan, comprehensive health benefits are provided to, A producer who knowingly submits a false statement in support of a claim. She may reinstate her policy within _____ years. Producing an inadequate amount of new premium. C. Funded by federal, state, and local taxes. Which of these is likely to occur when life or health insurance is being applied for? Howsoon can the benefit payments begin with a deferred annuity? 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. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. How soon can the benefit payments begin with a deferred annuity? In what part of insurance policy benefits found? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? 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? In the event of employment termination, group insurance can be kept if the employee pays the premiums. The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. Employee must be able to make unlimited contributions. Claims for a Long-Term Care policy MUST be paid for which of the following conditions? B. In which of the following relationship would there NOT be an insurable interest? Which of these is NOT a characteristic of the Accelerated Death Benefit option? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. 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. Which of the following is NOT a circumstance to which a temporary producer license can be issued? What is this an example of? 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. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Which law do all insurers and their producers need to comply with? Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Must be bonded through the state. 2.1.1 6 Whole life Insurance in Malaysia a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. How to take legal action against an insurance company. Whichof these will have the highest monthly payout upon annuitization? The two plans are fee-for-service and. Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? Hill during her initial calls made to the call center. Selecting an insurance organization ought to be founded on a few components that can be broken into two general gatherings: Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? Which course of action must be taken by the Commissioner? May 2020. 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). Determine whether there are 0,1 , or 2 real solutions to f(x)=0. 1. C. Remain of their current coverage for 30 months. New Jersey Department of Banking Insurance, A limited payment whole life policy provides, All advertisements for health insurance shall make clear the identity of the, The double indemnity provisions in a life insurance policy pertains to an insured's death caused by a. Mike has inherited his father's traditional IRA. Which of these if NOT considered a form of life insurance advertisement? How often must an insurance producer's license in Maryland be renewed? Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. Introducing Cram Folders! Whendoes a life insurance policy typically become effective? 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. In order for the producer's insurance business to continue, the Commissioner may issue to the producer's spouse a, has a mental or physical handicap and remains dependent on the parent, A dependent child may remain on a parent's health insurance plan beyond age 26 if the child, Under a small group health plan, an insurer is required to provide a newly-married employee at least ____ days to add the new spouse to the plan, replacing an insurance policy from one insurer to another based on misrepresentation, legible and brief description of the policy on the first page, Each delivered life insurance policy in Maryland MUST include a, The _____________ of Coverage describes policy features, benefits, exclusions, and riders in a Long-Term Care policy, A person who, for a fee, gives advice or recommendations on benefits provided by an insurance contract is called, Child over the age of 18 years who attends an educational institution and relies on the insured employee for financial support. Temporarily Deposit the funds in a personal account. Making the policy effective on an earlier date than the present. His policy may be reinstated at any time within _____ years. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? Reggie purchased a life insurance policy with a face amount of $500,000. What types of life insurance are normally usedfor key employee indemnification? When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. Advertising material for a life insurance policy does NOT need to contain which of the following? Which of the following is NOT a requirement for soliciting insurance in Maryland? Which of the following does Coordination of Benefits allow? All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. & \text{Balance}& \text{Balance} & \\ This is called a. As beneficiary, he will pay__taxeson any money withdrawn. 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 the following situations would be suitable for a temporary work authority? 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. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Which of the following is NOT a duty of the Commissioner? Registered for the state insurance examination. What does the amount of these credits represent? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. a producers secretary who solicits prospects on the telephone. The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. Which of the following is required for an insurer to conduct business in this state? The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. Howdo interest earnings accumulate in a deferred annuity? All Medicare Supplement policies MUST contain which provision? Which of the following is Medicare Part B also known as? Pat is insured with a life insurance policy and Karen is his primary beneficiary. Whichof the following is a requirement for ANY change in an insurance application? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. 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. a producers secretary who solicits prospects on the telephone. An error was made on Erica's life insurance application. A life insurance policy is hallowed ___ days upon policy delivery to return the policy for a full premium refund.. An order issued by the commissioner that prohibits a specific practice listed in the order is called a (n). There are several types of whole life insurance that are as follow:- How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. What is issued to each employee of an employerhealth plan? a producers secretary who solicits prospects on the telephone. Maria would like an annuity that provides a guaranteed accumulation or payout. If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? Which of these is NOT considered to be a risk factor in life insurance underwriting? This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. D. Licensedproducers not appointed by an insurer. Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. A master contract and certificate of coverage can be found in which type of policy? Premium mode is a term used to describe the, A newborn is required to be covered for _____ days from the moment of birth, A clause that allows an insurer the right to terminate coverage at any anniversary date is called. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? Whichscenario would most life insurance policies exclude coverage for? At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Duringthe accumulation period, who can surrender an annuity? 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. 1. Which entity is responsible for processing insurance advertising in New Jersey? What amount will be paid under a policy where the insured misstated his/her age? Both May and John are injured. 1. Whichphase is this annuity in? Which of the following is TRUE regarding the federal income tax? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? What does the word "level" in Level Term describe? 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. A. Collectinga premium for insurance that is not provided. Which of the following may be used as continuation education credit? A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. B. Gainsare tax exempt at distribution. In event of acontroversy between the insured and the company, the producer is considered to representthe. All Medicare Supplement policies MUST contain which provision? Mikehas inherited his fathers traditional IRA. B. Recieve a tax credit to help offset the cost of health insurance. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. a producers secretary who solicits prospects on the telephone. Which of thesestatements is true? The type of annuity she is seeking is called? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. Her health policy most likely contains a(n). 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. Maria has committed what crime? On which date would Sonya have coverage? b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. 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. 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. Shirley has a $500,000 10-year non-renewable level term life policy. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Which type of contract may NOT be issued by an insurance company? When does a life insurance policy typically become effective? 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 The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Which of the following is NOT considered to be an actof fraud? 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. This type of agreement is called an. As of January 1, 2014, small group health insurance can be rated on the basis of. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident?
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