a producers secretary who solicits prospects on the telephone

Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? she may need to resume premium payments, depending on actual results, Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of non guaranteed values. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Pierre the producer receives a premium for an individual health insurance policy. For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? Because dividends are considered to be a return of premium. Julie has a $100,000 30-year mortgage on her new home. We weren't able to detect the audio language on your flashcards. How to take legal action against an insurance company. What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? A term life insurance policy is what most people think of when they think about life insurance. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Hill during her initial calls made to the call center. How many employees must an employer have for a terminated employee to be eligible for COBRA? \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ 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. During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. An insurance producer is issued a _____ as evidence of authority. How long is the Contestable Period for health insurance policies sold in Maryland? Howsoon can the benefit payments begin with a deferred annuity? Re: Acting as insurance producer without a license Questions Presented 1. Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? Term, Whole, and universal lifeinsurance. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. If a subscriberchooses a primary care physician outside of the network, the subscriber willlikely pay, Medicareprovides coverage for each of the following EXCEPT. D. The face amount and premiumwill remain constant over the 10-year period. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? visas, binomial trials. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? 1. One of. Commissioner may impose an administrative penalty. C.) Unintentionally misrepresented a material fact on the application. 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 of these is likely to occur when life or health insurance is being applied for? You have created 2 folders. yabombay Flashcards | Quizlet We understand that this must have been both very frustrating and disappointing. What is the primary purpose of a rating service company such as A.M. Best? & \text{Balance}& \text{Balance} & \\ An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? What is the purpose of a disability income benefit? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. The common disaster provision states the insurer will continue as if, Carmen's individual life insurance policy has recently lapsed. Registered for the state insurance examination. 1. Write a sentence explaining its significance to the executive branch. Whichmarket index is normally associated with an indexed annuitys rate of return? Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? What does the word "level" in Level Term describe? Which of the following statements is CORRECT regarding an individual applying for life or health insurance? Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. \\ An insurance company may ONLY pay a sales commission to, Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called. 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. 1. Pierre MUST remit the premium to his insurer within ___ business days of receipt. c. Solve the equation f(x)=0, if possible. 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. a producers secretary who solicits prospects on the telephone. Afterwards, she deposits the check into her personal checking account. Her health policy most likely contains a(n). HIPPA considers which of the following as "individually identifiable health information"? Its balance sheet for this year is as follows: EndingBeginningBalanceBalanceCashandcashequivalents$48,000$57,000Accountsreceivable41,00044,000Inventory55,00050,000Totalcurrentassets144,000151,000Property,plant,andequipment150,000140,000Lessaccumulateddepreciation50,00035,000Netproperty,plant,andequipment100,000105,000Totalassets$244,000$256,000Accountspayable$32,000$57,000Incometaxespayable25,00028,000Bondspayable60,00050,000Commonstock70,00060,000Ratainedearnings57,00061,000Totalliabilitiesandstockholdersequity$244,000$256,000\begin{array}{l c c} Which type of life insurance policy is this? A producer may be disciplined by the Commissioner for which of the following actions? What is the MINIMUM benefit period that must be offered by a Long-Term Care Policy? D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. This change is called a(n). Whichof the following is Medicare Part B also known as? \end{array} Whatis the primary reason for buying an annuity? An insurer may pay a commission in which of the following scenarios? Juni 2022. 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. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. By Posted browning 725 pro sporting canada Within how many days must a producer report to the Commissioner any administrative actions made against him/her? Former dependent of employee no longer ofdependent status. Which of the following is typically NOT eligible for coverage in a group health policy? 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. _____ 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 many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . 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. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? a producers secretary who solicits prospects on the telephone. D. The face amount and premium will remain constantover the 10-year period. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? The law that established insurance transactions regulated by the states is called. Which course of action must be taken by the Commissioner? B.) 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 is payable MUST disclose. The taxable portion of each annuity payment is calculated using which method? Which of the following is Medicare Part B also known as? Which of the following may be used as continuation education credit? What happens to the coverage under a children's term rider when that child reaches a certain specified age? AnIndividual can enroll in a part C Medicare Advantage Plan at what time? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Whichof the following is a requirement for ANY change in an insurance application? D. Willfullycollecting a premium that exceeds the amount of the actual premium. Which of the following is present when an applicant stands to lose value if the insured dies? 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Must be bonded through the state. Which of the following statements is TRUE? All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. The Healthcare Insurance Exchange offers plans for everyone. A Medicare Supplement policy may be cancelled by an insurer for which of the following reasons? 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. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. a producers secretary who solicits prospects on the telephone 12. Within how many days must a producer notify the Department of Banking and Insurance of a change in address? 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? 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. a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Duringthe accumulation period, who can surrender an annuity? {"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"}}. D.) Intentionally violated state insurance laws. 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. How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? A producer may begin to solicit insurance ONLY. The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Ahealth care provider claim may be settled using which of the following paymentmethods? Benefits provided by a Medicare Supplement policy must NOT, Funding for Medicare Part B is partially provided by. 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. Mark continues working after the age of 65 and is covered through his employer's group health plan. Which of the following is NOT a qualification to be licensed as a producer? What does the amount of these credits represent? Employee must be able to make unlimited contributions. a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. a producers secretary who solicits prospects on the telephone. a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio D.) By providing consumer credit counseling. Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ What happens when an insurance policy is backdated? Duringthe accumulation period, who can surrender an annuity? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. An insurance producer who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of, An ____ _____ sells, solicits, or negotiates insurance contracts for compensation, All of these activities require an individual to hold a producer's license EXCEPT, Jim recently sold his whole life insurance policy under a viatical settlement contract. An annuitant is guaranteed to NOT outlive their benefits will a(n). Frank is shopping for a disability income policy. Who is required to notify the producer in the event of appointment termination? Which of the following is NOT a circumstance to which a temporary producer license can be issued? A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"?

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