Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. 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. The face amount and the premium will remain constant over the 10-year period. Whatdoes the word Level in level term describe? 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.) Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| How often must the Commissioner examine each domestic insurance company? How long after its effective date will an individual life insurance policy become incontestable? A whole life policy option where extended term insurance is selected is called a(n). assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. Which of these may NOT be used in a health insurance advertisement? When an applicant passes a licensing examination and answers all background questions negatively. Her agent submitted the information to the insurance company on April 6. In this situation, who will receive Bob's policy proceeds? A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? 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. In which of the following relationship would there NOT be an insurable interest? Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? B. . 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. What happens to coverage under a children's term rider when that child reaches a certain specified age? The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ 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. Which of the following does Coordination of Benefits allow? An insurance producer is issued a _____ as evidence of authority. June 24, 2022 . Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Which of the Uniform Optional Provisions covers this situation? What will the beneficiary receive if an annuitant dies during the accumulation period? All Medicare Supplement policies MUST contain which provision? \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. How long is the Contestable Period for health insurance policies sold in New Jersey? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Maria has committed what crime? Financial report from the previous year. Which of the following is NOT a requirement for soliciting insurance in Maryland? Whichof the following is a requirement for ANY change in an insurance application? It would be considered taxable income to the employee. D. The face amount and premium will remain constantover the 10-year period. A branch office registration form is required to be filed at least _____ days before selling insurance out of that branch. Introducing Cram Folders! 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} 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 life insurance policyowner does NOT have the right to, A Guaranteed issue insurance policy has no. Healthinsurance will typically cover which of the following perils? 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. Which of the following is NOT considered to be an actof fraud? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". 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. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? 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). Which of the following would be considered a "dependent child"? Which entity is responsible for processing insurance advertising in New Jersey? An individual who has a hobby racing cars once a month. Annuities are intended to create an estate. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? Which of the following statements is TRUE? An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. Maria has committed what crime? Find out how you can intelligently organize your Flashcards. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. The coverage, condition, and limitations in the master policy of a group contract can be found in which document? What is the purpose of the Medical Information Bureau (MIB)? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . Which type of disability would be less than total impairment and equal to permanent impairment? 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. What would be an expense factor in a insurance program? 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. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? Who would make the final determination on whether or not an insurance advertisement is misleading? Which of the following may be used as continuation education credit?
a producers secretary who solicits prospects on the telephone Please upgrade to Cram Premium to create hundreds of folders! Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? 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). Please sign in to share these flashcards. 14 day waiting period / 10 year benefit period. Which of the following does Medicare Part D cover? An annuitant is guaranteed to NOT outlive their benefits will a(n). Howdoes one become eligible for part D: Prescription Drug Coverage? The promise of a discount in premium as an inducement to purchase insurance is known as, exchanging a new policy for one already in force, with guidelines regarding credit reporting and distribution, The Fair Credit Reporting Act protects consumers, Terminally-ill life insurance policyowners may sell their policy at a discount to a third party. Net death benefit will be reduced if the loan is not repaid. 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. 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. When initial premium is collected and policy is issued. What happens to interest earned if the annuitant dies before the payout start date? Which of these if NOT considered to be a purpose of an annuity? Providing claim payments to insureds under the guidelines of the insurance contract. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Which of the following is typically NOT eligible for coverage in a group health policy? Which of the following is an example of fraud? Benefits for a Medicare Supplement policy. a. Mustmeet certain underwriting guidelines. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. The right-to-examine period in Maryland for long-Term Care polices is ___ days. AMaryland insurance producer solicits an insurance policy. Which of the following is the likely result? Determine whether there are 0,1 , or 2 real solutions to f(x)=0. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. An individual can enroll in a Part C Medicare Advantage Plan at what time? Find out how you can intelligently organize your Flashcards. Duringthe accumulation period, who can surrender an annuity? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. 1. Which of the following unfair trade practices involves a producer who makes public malicious statements about an insurer's financial condition? A beneficiary has just received a claim payment for a life insurance policy. 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. 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. Sonya applied for a health insurance policy on April 1. At the request of the insurer to assist in the underwriting decision. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. Which of the following is required for an insurer to conduct business in this state? who would be responsible for the prosecution of this crime? 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.