a producers secretary who solicits prospects on the telephone

Which disability policy provision would address any concerns of the value of the benefits decreasing over time? Mikehas inherited his fathers traditional IRA. An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. Engaged in a fraudulent insurance practices. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? Which of the following is NOT a required provision in an accident and health insurance policy? B. The statement which best describes the relationship between the relationship between the premiums of a whole life policy and the premium payment period is, The shorter the payment period, the higher the premium. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. How often must an insurance producer's license in Maryland be renewed? No federal income tax is owed on life insurance proceeds, A non-contributory health insurance plan helps the insurer avoid, States that have "no loss no gain" laws require a replacing policy to, Pay for ongoing claims under the policy it replaces. Juni 2022. A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? C. Protects consumers with guidelines regarding creditreporting and distribution. 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. B. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. What does the Group Life underwriting risk selection process help protect insurance companies from? Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Donnaand Mary were racing bicycles in a store parking lot while being cheered on by fellowemployees. 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? What information would the insurer's underwriters likely use to determine the appropriate coverage and final premium rate given to the group? 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 statements about Medicaid iscorrect? B.Canceling a term life policy to buy a whole life policy. Which military service exclusion clause would pay upon his death? 1. Whichtype of injury would NOT be covered under a health insurance policy? A debtor may receive Credit Life insurance in which of the following forms? His policy may be reinstated at any time within _____ years. The right-to-examine period in Maryland for long-Term Care polices is ___ days. \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ 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. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. How many days notice must the Commissioner give prior to a hearing? A. Changemust be initialed by the agent, B. Changemust be initialed by the applicant, C. Changemust be approved by the insurer. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. Which of the followingunfair trade practices involves an agent who makes malicious statements aboutanother person's financial condition? Pierre the producer receives a premium for an individual health insurance policy. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. This change is called a(n). 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? Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? 1. Which situation accurately describes a reduced paid-up nonforfeiture option? The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Kathysannuity is currently experiencing tax-deferred growth until she retires. A term life insurance policy is what most people think of when they think about life insurance. The names of the insurance companies represented by the producer. What is the purpose of the Medical Information Bureau (MIB)? \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Which of the following is NOT considered to be an actof fraud? \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ MedicarePart A does not pay for medical benefits provided for treatment in a skillednursing facility beyond. Which of these is NOT a characteristic of the Accelerated Death Benefit option? In the event of a controversy between the insured and the company, the producer is considered to represent the, A life policy loan in Maryland cannot charge a fixed rate of interest higher than, The Food and Drug Administration approves prescription drugs for treatment as stated on the drug's labeling. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. In the event of employment termination, group insurance can be kept if the employee pays the premiums. What happens to the coverage under a children's term rider when that child reaches a certain specified age? 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. Which of the following is Medicare Part B also known as? D. Adjustable, permanent, and limited-pay lifeinsurance. The rider is called a(n), All if these are valid options for an adjustable life policy except, A non forfeiture option can be used to increase the death benefit. Introducing Cram Folders! Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. A licensed producer is required to file notice of any change of address within how many days? Maximizes productivity through use of appropriate tools; planned training and Columbia Care LLC . Whatwould be an expense factor in an insurance program? A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. ABC Corporation has a group life insurance policy that covers its employees and their dependent children. According to HIPPA, this tax will not be applied if the withdrawal is used for medical expenses that exceed _____ of the individual's adjusted gross income. 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. How often must an insurance producer's license in New Jersey be renewed? May 2020. If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? A. What will the beneficiary receive if an annuitant dies during the accumulation period? 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 An amount the premium would have purchased at the correct age. 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. Which of the following is a reinstatement condition? 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. An accident and health policy that provides reimbursement benefits makes them payable to the, A separate converted policy may, at the option of the insurance company, be issued to cover a, Dental treatment is needed to repair an injury. You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone. Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? The company did not retire any bonds or repurchase any of its own common stock during the year. All of these are valid options for an Adjustable Life Policy EXCEPT, A nonforfeiture option can be used to increase the death benefit. Which of the following is NOT a federal requirement of a qualified plan? 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