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. Upon delivery, she may be expected to collect all of the following EXCEPT a(n), Modified application with a new signature, All of these are valid policy dividend options for a life insurance policyowner EXCEPT. We weren't able to detect the audio language on your flashcards. A. {"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"}}. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do ? 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. Frank is shopping for a disability income policy. When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? Adoctor who accepts Medicare Assignment agree to which of the following ? Submit to the replacing insurer a list of the policies to be replaced. Which of the following is NOT a duty of the Commissioner? 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. D.) By providing consumer credit counseling. Which of the following statements is CORRECT regarding an individual applying for life or health insurance? This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. 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. A closed network plan offers a primary physician copay of $25. We'll bring you back here when you are done. Jim recently sold his whole life insurance policy under a critical settlement contract. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Hill during her initial calls made to the call center. Maria has committed what crime? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. a producers secretary who solicits prospects on the telephone. Introducing Cram Folders! Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? a producer's secretary who solicits prospects on the telephone. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. A life insurance policyowner is allowed ____ days upon policy delivery to return the policy for a full premium refund, A producer's license MUST be renewed every _______ years, Collecting a charge for insurance that is less than the charge applicable to that insurance. a producers secretary who solicits prospects on the telephone. Whatis created after policy proceeds are obtained in a lump sum and thenimmediately invested? What types of life insurance are normally usedfor key employee indemnification? Premium mode is term used to describe the: The Fair Credit and Reporting Acts main purposeis to: A. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. Which type of contract may NOT be issued by an insurance company? Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? A producer may begin to solicit insurance ONLY. 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 of these is NOT considered to be a risk factor in life insurance underwriting? Which of the following would have the HIGHEST premium? Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. Collecting a chargefor insurance that is less than the charge applicable to that insurance. D. Assist an insurer in determine an applicantscreditworthiness. 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. 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. D. Adjustable, permanent, and limited-pay lifeinsurance. In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? As of January 1, 2014, small group health insurance can be rated on the basis of. Which option was chosen? Whichmarket index is normally associated with an indexed annuitys rate of return? Because dividends are considered to be a return of premium. Juni 2022. a producers secretary who solicits prospects on the telephone 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. b. If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? The producer decides not to respond. In the advertising of Individual Life Insurance policies, an "introductory" or "special enrollment" may not be made available until any previous enrollment period for the same policy has been closed for at least how long? This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. Claims for a Long-Term Care policy MUST be paid for which of the following conditions? In order for the producer's insurance business to continue, the Department of Banking and Insurance may issue to the producer's spouse a. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Who is the individual paid on a fee-for-service basis? In what part of insurance policy benefits found? Who is required to notify the producer in the event of appointment termination? Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. Which of the following statements is TRUE? HIPPA considers which of the following as "individually identifiable health information"? The ________ has the right to renew a small employer health plan. 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. the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. Which military service exclusion clause would pay upon his death? Under a life insurance policy, what does the insuring clause state? How long is the Contestable Period for health insurance policies sold in Maryland? Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. 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. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? 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. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. A. 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. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? Kathy pays a monthly premium on her health insurance policy. By . Please sign in to share these flashcards. Final Exam - New Jersey Life and Health Flashcards | Quizlet 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? a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. Which of the following would be the appropriate tax consequence? When an applicant passes a licensing examination and answers all background questions negatively. How much does Medicare Part B pay for physician fees? & \text{Ending}& \text{Beginning} & \\ Which of the following is the likely result? 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? This illustration MUST disclose that. How to take legal action against an insurance company. 1. Howdoes one become eligible for part D: Prescription Drug Coverage?
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