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? Which of the following is a reinstatement condition? a producers secretary who solicits prospects on the telephonecrumbl cookies franchise applicationcrumbl cookies franchise application Introducing Cram Folders! Which law do all insurers and their producers need to comply with? As beneficiary, he will pay ____ taxes on any money withdrawn. How many days notice must the Commissioner give prior to a hearing? By Posted browning 725 pro sporting canada When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? Whichof the following is a requirement for ANY change in an insurance application? The company did not retire any bonds or repurchase any of its own common stock during the year. In which of the following relationship would there NOT be an insurable interest? All Medicare Supplement policies MUST contain which provision? The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. By . 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). The policies continue in force with no change. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. A. With a past due premium of $100, the insurer pays $400. A newborn is required to be covered for ______ days from the moment of birth. B.Change must be initialed by the applicant. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. This is an unlawful practice known as, must be delivered with or prior to policy delivery. Determine whether the discriminant is positive, negative, or zero. What types of life insurance are normally usedfor key employee indemnification? Which of the following does Medicare Part D cover? An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? James is the insured on a life insurance policy where his age was misstated on the application. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? a producers secretary who solicits prospects on the telephone Annuities are intended to create an estate. Whatis the purpose of the medical information Bureau (MIB)? The waiting period for a disability insurance policy, Excludes payments for a short term illness or injury. CashandcashequivalentsAccountsreceivableInventoryTotalcurrentassetsProperty,plant,andequipmentLessaccumulateddepreciationNetproperty,plant,andequipmentTotalassetsAccountspayableIncometaxespayableBondspayableCommonstockRatainedearningsTotalliabilitiesandstockholdersequityEndingBalance$48,00041,00055,000144,000150,00050,000100,000$244,000$32,00025,00060,00070,00057,000$244,000BeginningBalance$57,00044,00050,000151,000140,00035,000105,000$256,000$57,00028,00050,00060,00061,000$256,000. Which of the following may be used as continuation education credit? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. 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. \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ A producer's license may only be suspended or revoked if the producer, one or more diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital, Long-term care policies sold in Maryland may exclude coverage related to, The Life and health Guaranty Corporation provides funds to carry out its powers and duties by assessing, As of January 1, 2014, small group health insurance can be rated on the basis of, An individual covered under a Blue Cross Blue Shield plan is called a, An HMO that involves a partnership of physicians and other providers who practice out of a central facility is called a, Funding for Medicare Part B is partially provided by, Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility, MEWA (Multiple Employer Welfare Arrangement), Small employers who are sponsored by an insurer to provide group benefits to its employees are called. Which of thesestatements is true? Inwhich of the following situations would the insurer be liable for a loss? Which of the following is NOT a federal requirement of a qualified plan? A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). 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. As of January 1, 2014, small group health insurance can be rated on the basis of. Assist in the underwriting of insurance policies. Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid, A producer who shares commissions with a client. How much does Medicare Part B pay for physician fees? C. Normally graded over a period of 20 years. The prescription of a drug for treatments other than what's labeled is known as _____ use, Coverage for newborns under a health plan MUST include coverage for. Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? B. Recieve a tax credit to help offset the cost of health insurance. An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. The law that established insurance transactions regulated by the states is called. A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Unders Insurance companies look at a number of factors when it comes to setting premiums for a particular company. Which course of action must be taken by the Commissioner? Her agent submitted the information to the insurance company on April 6. Which of these statements about Medicaid iscorrect? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. 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. What is involved when a life insurance policy has been backdated? In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. Maria would like an annuity that provides a guaranteed accumulation or payout. Providing claim payments to insureds under the guidelines of the insurance contract. It would be considered taxable income to the employee. When does a life insurance policy typically become effective? There are several types of whole life insurance that are as follow:- Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. 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 60 A. 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. Registered for the state insurance examination. A separate converted policy may, at the option of the insurance company, be issued to cover an. Replacement regulation is designed to protect the interests of, A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT cancel the policy is called. Producers must complete a total of ____ continuing education credits for each two-year licensing period. Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? Which of the following is CORRECT regarding the death benefit amount. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Under this plan a, Adoption of a child (an uninsured, eligible employee who acquires a new dependent through marriage, birth, or adoption may qualify for special enrollment in a small employer's health benefit plan). An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. D.) By providing consumer credit counseling. Both May and John are injured. Which of these if NOT considered a form of life insurance advertisement? How often must the Commissioner examine each domestic insurance company? 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. How soon can the benefit payments begin with a deferred annuity? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). Tarathe producer is delivering a specified disease insurance policy to a new policyowner. Which of the following is a requirement for ANY change in an insurance application? Any decrease in income resulting from this injury would make him eligible for benefits under which provision? 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. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. b. Which of the following is NOT considered to be an act of fraud? Who is required to notify the producer in the event of appointment termination? MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Whatwould be an expense factor in an insurance program? The face amount and the premium will remain constant over the 10-year period. Pay for Medicare charges exceeding the approvedamount. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. What would be an expense factor in a insurance program?
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