Which of the following situations would be suitable for a temporary work authority? The IRS allows a taxpayer to deduct medicalexpenses of that exceed 7.5% of their adjusted grossincome. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. B.) Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? Which of the following is NOT a qualification to be licensed as a producer? Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? visas, binomial trials. who would be responsible for the prosecution of this crime? C) Unintentionally misrepresented a material fact on the application. port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador 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 HIPPA considers which of the following as "individually identifiable health information"? Which rider would pay a monthly amount because of this disability? 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. Frank is shopping for a disability income policy. a producers secretary who solicits prospects on the telephone The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. Which scenario would most life insurance policies exclude coverage for? We'll bring you back here when you are done. 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. This type of agreement is called an. by geriford27, Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. The right-to-examine period in Maryland for long-Term Care polices is ___ days. Healthinsurance will typically cover which of the following perils? Which of the following is NOT a duty of the Commissioner? The type of annuity she is seeking is called? 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. The proceeds of this contract could be subject to the claims of. Which of the following topics needs to be discussed with this client? Providing claim payments to insureds under the guidelines of the insurance contract. Who is the individual paid on a fee-for-service basis? 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. 1. An amount the premium would have purchased at the correct age. 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. With a past due premium of $100, the insurer pays $400. What happens to coverage under a children's term rider when that child reaches a certain specified age? ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. At what age can she begin to receive distributions without a tax penalty? A separate converted policy may, at the option of the insurance company, be issued to cover an. An applicant's character and personal habits can be obtained for underwriting purposes from which source? The taxable portion of each annuity payment is calculated using which method? This rider is called a(n). How often must an insurance producer's license in Maryland be renewed? The legal action provision in a health contract is limited to no more than ___ years. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu Which of the following is required for an insurer to conduct business in this state? 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 s is payable MUST disclose, All of the following is considered a form of advertising EXCEPT. June 24, 2022 . Johan the producer charged a fee to a sales prospect for analyzing insurance coverages A written statement describing the elements of a policy is called, All of the following are considered appropriate uses of life insurance for business purposes EXCEPT, Protecting the business by covering entry level employees with life insurance, An insured individual and the policy's beneficiary die from the same accident. a producer's secretary who solicits prospects on the telephone. The greater of the accumulated cash value or the total premium paid. In event of acontroversy between the insured and the company, the producer is considered to representthe. XZY company has applied for group health insurance for its employees. & \text{Balance}& \text{Balance} & \\ a. Mustmeet certain underwriting guidelines. a producers secretary who solicits prospects on the telephone. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? The names of the insurance companies represented by the producer. 1. As beneficiary, he will pay ____ taxes on any money withdrawn. Advertising material for a life insurance policy does NOT need to contain which of the following? C. Remain of their current coverage for 30 months. Duringthe accumulation period, who can surrender an annuity? 2.1.1 6 Whole life Insurance in Malaysia 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. Whattype of beneficiary should be named if the insured wants to give explicitdirections on how the policy proceeds should be paid? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. Mark continues working after the age of 65 and is covered through his employer's group health plan. 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. Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. 1. 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. 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 5151\left|\begin{array}{ll}5 & 1 \\ 5 & 1\end{array}\right| What is the primary purpose of a rating service company such as A.M. Best? D. Administered by the federal government. The standard grace period for a life insurance policy sold in Maryland is. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? Which of the following may be used as continuation education credit? Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance? PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. Maria the agent would like to advertise an annuity product on a highway billboard. An insurance company's trademark instead of the company's actual name, Using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy, Field underwriting performed by the producer involves, Completing the application and collecting initial premium. Cram has partnered with the National Tutoring Association, Comparing Health Insurance Rates And Suppliers. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? The Healthcare Insurance Exchange offers plans for everyone. One or morediagnostic, preventive, therapeutic, rehabilitative, maintenance or personalcare services in a setting other than an acute care unit of a hospital. How long after its effective date will an individual life insurance policy become incontestable? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? A. Collectinga premium for insurance that is not provided. She recently replaced the policy with a new one that provides better coverage. Which of the following is a reinstatement condition? All Medicare Supplement policies MUST contain which provision? Which of the following MUST contain a "Statement of Policy Cost and Benefit Information"? Which of the following is NOT a common exclusion for a medical expense policy? How long must a life insurance policy be in effect before the policyowner may use the nonforfeiture provision? What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? What does the Group Life underwriting risk selection process help protect insurance companies from? The proceeds of this contract could be subject to the claims of, The Food and Drug Administrationapproved prescription drugs for treatment as stated on the drugs labeling. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. What is the required action to be taken by a Maryland licensee before operating under an assumed business name? Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. Which of the following would be considered a "dependent child"? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? A life insurance policy is hallowed ___ days upon policy delivery to return the policy for a full premium refund.. An order issued by the commissioner that prohibits a specific practice listed in the order is called a (n). Whichof the following is a requirement for ANY change in an insurance application? \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Anindividual covered under a Blue Cross Blue shield is called a(n), Aclosed network plan offers a primary physician copay $25. Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. Introducing Cram Folders! Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. Which of these describes the change that will take place?A) Coordination of benefitsB) ConversionC) Extension of benefitsD) Rollover, Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.A) policyB) certificateC) applicationD) rider. Which of the following actions by a producer would NOT result in a license suspension or revocation? Determine whether the discriminant is positive, negative, or zero. This situation is called, Written notice of a health insurance claim should be given to the insurer within _____ days after the occurrence of any loss covered by the policy, To conduct insurance business in this State, an insurer must be issued a certificate of authority. Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) The coverage, condition, and limitations in the master policy of a group contract can be found in which document? Tara the producer is delivering a specified disease insurance policy to a new policyowner. Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. All of these are standard exclusions found in a life insurance policy EXCEPT. The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. A doctor who accepts Medicare Assignment agrees to which of the following? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? The policy's effective date is earlier than the present, A Renewable Term Life insurance policy can be renewed, At a predetermined date or age, regardless of the insured's health, A producer's secretary who solicits prospects on the telephone. The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. 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 producers secretary who solicits prospects on the telephone Which of these will typically authorize treatment from a specialist? How often must an insurance producer's license in New Jersey be renewed? In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. A whole life policy option where extended term insurance is selected is called a(n). In this situation, who will receive Bob's policy proceeds? 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. Which of the following does Medicare Part D cover? On which date would Sonya have coverage? 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. A producer has recently died and leaves behind a spouse. 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.