a producers secretary who solicits prospects on the telephone

A. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. Under a life insurance policy, what does the insuring clause state? 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. Making the policy effective on an earlier date than the present. B. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? What is the purpose of having an accelerated death benefit on a life insurance policy? Which of the following is NOT considered to be an act of fraud? A producer is meeting with a client to determine whether an annuity would be suitable for purchase. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). How many days notice must the Commissioner give prior to a hearing? The Commissioner issues a subpoena to a producer. Which of the following is TRUE regarding the federal income tax? The Right-to-Examine period in Maryland for Long-Term Care policies is ____ days. What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? An insurance producer is issued a _____ as evidence of authority. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. 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. assure full and truthful disclosures to the public, All of the following are typically included in a life insurance policy illustration EXCEPT. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. An individual can enroll in a Part C Medicare Advantage Plan at what time? What happens when an insurance policy is backdated? Who would most likely be coveredunder Workers Compensation? Net death benefit will be reduced if the loan is not repaid. c. Solve the equation f(x)=0, if possible. Which of the following is Medicare Part B also known as? All Medicare Supplement policies MUST contain which provision? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Producing an inadequate amount of new premium. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. Who is required to notify the producer in the event of appointment termination? In a group health care, what is the purpose of the coordination of benefits provision? Under a Traditional IRA, Interest earned istaxed. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. Julie has a $100,000 30-year mortgage on her new home. 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. Which of the following statements is TRUE? Whathappens when an insurance policy is backdated? Inwhich of the following situations would the insurer be liable for a loss? With a past due premium of $100, the insurer pays $400. 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. As of January 1, 2014, small group health insurance can be rated on the basis of. A. 14 day waiting period / 10 year benefit period. Level premium permanent insurance accumulates a reserve that will eventually, Ambiguities in an insurance policy are always resolved in favor of the, Chapter 11 Exam - New Jersey Laws and Rules, Life Insurance Policies - Provisions, Options, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Daniel F Viele, David H Marshall, Wayne W McManus. A master contract and certificate of coverage can be found in which type of policy? 5511. If he files an application for renewal before the expiration date, his license will, A Medicare Supplement policy can be cancelled by the insurer for, Recording the receipt and distribution of premiums due to an insurer is considered a producer's _________ responsibility. d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. Former dependent of employee no longer ofdependent status. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. Which of the following must be included in the advertisement? In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. 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. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? Ahealth care provider claim may be settled using which of the following paymentmethods? Sonya applied for a health insurance policy on April 1. a producers secretary who solicits prospects on the telephone; episcopal academy ice hockey; atlas copco fault codes 7008. serta idirections hybrid queen. Chapter 8 Texas Laws and Rules Pertinent to I, NY state insurance license practice exam ques, Chapter 16: Private Insurance Plans for Senio, Totalliabilitiesandstockholdersequity, Fundamentals of Financial Management, Concise Edition, Anexo del Real Decreto 1630/2006 Educacin in. Employee must be able to make unlimited contributions. 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. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Which of these statements is true? Must be bonded through the state. Which option was chosen? Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? Which of these is affected by the frequency of an insurance policy's premium payments? 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 these is NOT considered to be a nonforfeiture option in a whole life insurance policy? How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? XZY company has applied for group health insurance for its employees. Tim's individual life insurance policy has just recently lapsed. A medicare supplement plan can be canceled by the insurer, Small employers who are sponsored by an insurer to provide group benefits to its employees are called, Health insurance involves two perils, accident and _____. Since each partner contributes an important element to the success of the business, they decide to take life insurance policies out on each other, and name each other as beneficiaries. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? In Maryland, a producer may have his/her license revoked for which of the following acts? Theprescription of a drug for treatments other than whats labeled is known as(Blank) use. 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. The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. Over the course of a year, which premium payment mode is most expensive? The type of annuity she is seeking is called? by geriford27, Please select the correct language below. a producer's secretary who solicits prospects on the telephone. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Whichscenario would most life insurance policies exclude coverage for? \\ By Posted browning 725 pro sporting canada Please upgrade to Cram Premium to create hundreds of folders! An individual the means to replace wages. 2.1.1 6 Whole life Insurance in Malaysia Maria the agent would like to advertise an annuity product on a highway billboard. 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| What is the purpose of a disability income benefit? Introducing Cram Folders! The face amount and the premium will remain constant over the 10-year period. Which of thesestatements is true? What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? An attending physician's statement would be appropriate for which life insurance purpose? A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies?

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