a producers secretary who solicits prospects on the telephone

She would like to borrow $15,000 against the cash value. The Federal Employees Benefit Program consists of two types of health plans for federal civilian employees. The two plans are fee-for-service and. What is this an example of? For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) What happens to the coverage under a children's term rider when that child reaches a certain specified age? At what age does the open enrollment period typically begin for Medicare Supplement coverage? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. D. Licensedproducers not appointed by an insurer. C. Normally graded over a period of 20 years. What does the consolidated Omnibus Budget Reconciliation ACT (COBRA) of 1985 allow an employee to do? This rider is called a(n). A licensed producer is required to file notice of any change of address within how many days? The ____ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Ifan insurer refuses to pay a claim, how many days must the insured wait to takelegal action against a health insurer after submitting written proof of loss? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? Which of the following is NOT considered to be an act of fraud? Which of the following is NOT part of an insurance contract? Whichof these will have the highest monthly payout upon Annuitization? Whichscenario would most life insurance policies exclude coverage for? a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. Shirley has a $500,000 10-year non-renewable level term life policy. What happens when an insurance policy is backdated? In this situation, who will receive Bob's policy proceeds? 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. On Social Security disability for over two years, D.Falling below the federal poverty level, D. Falling below the federal poverty level, Field underwriting performed by the producer involves, Completing the application and collecting initial premium, A provision that allows a policy owner to withdraw a policy's cash value interest free is a(n). Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? In the event of employment termination, group insurance can be kept if the employee pays the premiums. Which of the following is required for an insurer to conduct business in this state? Howare annuities given favorable tax treatment? a producers secretary who solicits prospects on the telephone We understand that this must have been both very frustrating and disappointing. \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ When are group disability benefits considered to be tax-free to the insured? Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? A _______ company is owned by its shareholders, The ___________ has the right to renew a small employer health plan, providing incorrect, misleading, incomplete, or materially untrue information in the license application, A producer who is licensed in Maryland but resident in another state is called a, A minor may receive a life insurance policy's death benefit ONLY, Interest on death benefits are NOT required to be paid by an insurance company as long as proceeds are paid within ______ after the date of the death of the insured, Submit to the replacing insurer a list of the policies to be replaced. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. As of January 1, 2014, small group health insurance can be rated on the basis of. 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. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? An insurer formed according to the legal requirements of another country is called an. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Benefits for a Medicare Supplement policy. May an insurance producer licensed in New Jersey but not in New York sell a life insurance policy to a New York resident while in New Jersey? Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Whichtype of life insurance is normally associated with a payor benefit rider? June 24, 2022 . To be classified as a small employer, an employer mustNOT have more than__ eligible employees. Which of these will typically authorize treatment from a specialist? What kind of insurance provides coverage for one or more necessary or appropriate diagnostic, preventative, therapeutic, rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a hospital? In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. This type of agreement is called an. Producers must complete a total of ____ continuing education credits for each two-year licensing period. OGC Opinion No. 05-04-21: Acting as insurance producer without a When initial premium is collected and policy is issued. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Producing an inadequate amount of new premium. Which of the following is NOT information found in a life insurance buyer's guide? A. how many javan rhinos are left 2022; aquifer tim winton prezi; bloody mary lady gaga roblox id; . Please sign in to share these flashcards. C. Remain of their current coverage for 30 months. Please upgrade to Cram Premium to create hundreds of folders! 1. . Which of the following would be considered a "dependent child"? Which scenario would most life insurance policies exclude coverage for? How long after its effective date will an individual life insurance policy become incontestable? In a group health care, what is the purpose of the coordination of benefits provision? 14 day waiting period / 10 year benefit period. A. In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. The benefit can be offered as a rider at a specific extra cost or may be at no cost, All of the following are included as part of a contract in the entire contract provision EXCEPT the. A. What happens to interest earned if the annuitant dies before the payout start date? Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? Maria has committed what crime? Whichof the following is a requirement for ANY change in an insurance application? 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. What is issued to each employee of an employerhealth plan? After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. 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). A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. Write a sentence explaining its significance to the executive branch. To be classified as a small employer, an employer must NOT have more than _________ eligible employees, The _______ is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant, During the examination of an insurer's books and records by the Commissioner, the insurer, remain in effect until a new one is issued, John the insurance producer has an insurance license that expires in 6 months. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. Which type of contract may NOT be issued by an insurance company? Jay the producer is giving insurance advice regarding a prospect's existing coverage. 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. a producers secretary who solicits prospects on the telephone. How much does Medicare Part B pay for physician fees? d. Individual disability income insurance premiums. Policyowners from misrepresentations and loss of benefits, Replacement regulation is designed to protect, A producer must notify the Commissioner within _____ days of a felony conviction, Dependent children under a health insurance plan must be provided coverage up to age, written authorization from the proposed insured, Prior to conducting an HIV-related test, the insurer must obtain, An insurance producer agrees to pay the first monthly premium for an insurance applicant. 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. Jim recently sold his whole life insurance policy under a critical settlement contract. Prospective producer who is waiting to take the state examination. Ahealth care provider claim may be settled using which of the following paymentmethods? Why are dividends from a mutual insurer not subject to taxation? AMaryland insurance producer solicits an insurance policy. D.) By providing consumer credit counseling. 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. (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) This is an unlawful practice known as, must be delivered with or prior to policy delivery. Hill during her initial calls made to the call center. Which of the following is the likely result? She paid the premium on May 15 with the policy indicating the effective date being May 30. How long is her grace period? Whendoes a life insurance policy typically become effective? Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? Change must be initialed by the applicant, A producer who sells an individual life insurance policy in New Jersey MUST deliver to the policyowner. She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. Over the course of a year, which premium payment mode is most expensive? The premium for a Modified whole life policy is, How long is the Contestable Period for health insurance policies sold in New Jersey, An applicant intentionally lying to an insurance company on an application in order to obtain a cheaper premium is an example of.

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