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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. What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? This type of agreement is called an. 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. Maryland requires that a licensee completes___ hours of continuing education on the subject of ethics every reportingperiod. In what part of insurance policy benefits found? 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. June 24, 2022 . Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. What happens to coverage under a children's term rider when that child reaches a certain specified age? In event of acontroversy between the insured and the company, the producer is considered to representthe. Which of these statements is true? In the event of employment termination, group health insurance can be kept if the employee pays the premiums, B. Recieve a tax credit to help offset the cost of health insurance, C. Remain of their current coverage for 30 months. A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. Whena qualified plan starts making payments to its recipient, which portion of thedistributions is taxable? 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). Benefits for a Medicare Supplement policy. A life insurance policy which contains cash values that vary according to its investment performance of stocks is called. Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? \quad \text{Less accumulated depreciation} & \underline{\hspace{13pt}50,000} & \underline{\hspace{13pt}35,000} \\ 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? When is an existing health insurance policy required to provide coverage for a new born child? a. Theinsured skipped a payment beyond the 31 day grace period, b. Theinsured was injured while participating in an illegal occupation, c. Theinsured was given a notice of cancellation from the insurer, d. Theinsured suffered an injury as an innocent bystander during a bank robbery. An individual can enroll in a Part C Medicare Advantage Plan at what time? \\ Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. At what age does the open enrollment period typically begin for Medicare Supplement coverage? The standard grace period for a life insurance policy sold in Maryland is. How much does Medicare Part B pay for physician fees? a producers secretary who solicits prospects on the telephone. 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? a producers secretary who solicits prospects on the telephone old restaurants in lawrence, ma . Whatis the elimination period of an individual disability policy? An applicant's character and personal habits can be obtained for underwriting purposes from which source? Peter Griffith, Funeral Director of Lyndhurst Funeral Home. The proceeds of this contract could be subject to the claims of. Which market index is associated with an indexed annuity's rate of return? Add to folder port clinton high school athletics / roberto bettarini ambassador / roberto bettarini ambassador d. Alump sum payment upon first diagnosis of cancer, heart attack, or stroke. 1. If she dies 15 years after the policy's inception date, how much will her beneficiary receive? \end{array} Premium mode is a term used to describe the, A newborn is required to be covered for _____ days from the moment of birth, A clause that allows an insurer the right to terminate coverage at any anniversary date 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. 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. It is health insurance for the elderly. A. 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 Within how many days must a producer report to the Commissioner any administrative actions made against him/her? Whichof these is considered to be a document that describes the critical segments ofa life insurance policy? Her agent submitted the information to the insurance company on April 6. How to take legal action against an insurance company. A life insurance replacement gives the policyowner the right to return the policy for a 100% refund within _____ days of policy delivery, A producer MUST maintain insurance transaction records for a minimum of ____ years. a. Which of the following is a requirement for ANY change in an insurance application? A licensed producer is required to file notice of any change of address within how many days? {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Insurance\/Healt Agent Exam","payreferer_url":"\/flashcards\/copy\/insurance-healt-agent-exam--11456962","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. AnIndividual can enroll in a part C Medicare Advantage Plan at what time? A. a. Mustmeet certain underwriting guidelines. With a usual, customary, and reasonable fee, Which of these is NOT a qualifying event for Medicare, A. Which law do all insurers and their producers need to comply with? 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. Which military service exclusion clause would pay upon his death? Which situation accurately describes a reduced paid-up nonforfeiture option? 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. When is an existing health insurance policy required to provide coverage for a newborn child, a producer who shares commissions with a client. His policy may be reinstated at any time within _____ years. A doctor who accepts Medicare Assignment agrees to which of the following? 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. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. by . When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? 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. What does the amount of these credits represent? Whichof these will have the highest monthly payout upon Annuitization? A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . Atax-free 1035 Exchange of a life insurance policy to a different policy ispermitted if it occurs, A. Inthe same state as the original transaction, C. Frominsurer to insurer and no cash is received by the policy owner, D. Fromagent to agent as long as the agents are licensed in the same line. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. In this situation, who will receive Bob's policy proceeds? A licensee MUST notify the Commissioner of an address change within _______ days of the change, Violations of US Code Title 18 section 1033 may result in, In the state of Maryland, a licensed producer, sharing commissions with other licensed and appointed agents, All of the following actions are considered rebating EXCEPT, Under the Maryland Health Insurance Plan, comprehensive health benefits are provided to, A producer who knowingly submits a false statement in support of a claim. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. B. Gainsare tax exempt at distribution. Commissioner may impose an administrative penalty. The renewability provision for an individual long-term care insurance policy must be located on the policy form's, The ______________________ must be notified of a licensee's address change within 30 days of such change, Producers must complete a total of _______ Continuing Education hours for each two-year licensing period, A Medicare Supplement policy may exclude coverage for a preexisting condition for up to ____ months. Its balance sheet for this year is as follows: EndingBeginningBalanceBalanceCashandcashequivalents$48,000$57,000Accountsreceivable41,00044,000Inventory55,00050,000Totalcurrentassets144,000151,000Property,plant,andequipment150,000140,000Lessaccumulateddepreciation50,00035,000Netproperty,plant,andequipment100,000105,000Totalassets$244,000$256,000Accountspayable$32,000$57,000Incometaxespayable25,00028,000Bondspayable60,00050,000Commonstock70,00060,000Ratainedearnings57,00061,000Totalliabilitiesandstockholdersequity$244,000$256,000\begin{array}{l c c} Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. A producer has recently died and leaves behind a spouse. In Maryland, a producer may have his/her license revoked for which of the following acts? B. Recieve a tax credit to help offset the cost of health insurance. If an insured dies during the grace period with no premiums paid. Afterwards, she deposits the check into her personal checking account. Failingto promptly provide a reasonable explanation for the denial of a claim isconsidered to be a (n). OGC Opinion No. 05-04-21: Acting as insurance producer without a Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. In what form do disability income policies typically pay benefits? 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. \text{Income taxes payable} & \hspace{13pt}25,000 & \hspace{13pt}28,000 \\ juin 5, 2022 . A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. 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. Normally graded over a period of 20 years. Tim's individual life insurance policy has just recently lapsed. 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. Making the policy effective on an earlier date than the present. An individual can enroll in a Part C Medicare Advantage Plan at what time? 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. a producers secretary who solicits prospects on the telephone 12. Sonya applied for a health insurance policy on April 1. She recently replaced the policy with a new one that provides better coverage. Which of the following is TRUE regarding the federal income tax? Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. Elizabethis the beneficiary of a life insurance policy. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? An insurer may pay a commission in which of the following scenarios? A producer's secretary who solicits prospects on the telephone Must be licensed as a producer Which of the following is a requirement for ANY change in an insurance application? After passing the state Producer licensing exam, application for the license must be made within, How long must an insurance company keep record on life insurance replacement activity, An insurance company that is organized or chartered in a country other than the United States is defined as, Advertisements of insurance in a local newspaper, must be approved by, Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit, Increase the premiums on an individual basis, Continued coverage under COBRA would be provided to a(n), A covered employee is terminated for gross misconduct, In New Jersey, health insurance advertisements are required to contain the, The purpose of a coordination-of-benefits provision in group health accident and health plans is to, If an insured dies during the grace period with no premiums paid, The policy would be payable, minus the premium amount, A 10% excise tax is normally applied to an early withdrawal from an IRA. Which settlement option pays a stated amount toan annuitant, but no residual value to a beneficiary? Which of the following must be included in the advertisement? What would be an expense factor in a insurance program? 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. Reggie purchased a life insurance policy with a face amount of $500,000. Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. c. Travel accidental insurance premiums. audio not yet available for this language. a producers secretary who solicits prospects on the telephone How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company?