Edgefield County School District Pay Scale, Articles A

yabombay Flashcards | Quizlet Which of these statements is true? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. There are several types of whole life insurance that are as follow:- Paul has an, An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called. A. By . Shirley has a $500,000 10-year non-renewable level term life policy. In the marketplace there are four various tiers of coverage, ranging from, bronze to platinum. What is the purpose of having an accelerated death benefit on a life insurance policy? 1. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. This rider is called a(n). Which of these statements about Medicaid iscorrect? 2.1.1 6 Whole life Insurance in Malaysia What does the Group Life underwriting risk selection process help protect insurance companies from? A long-term care policy typically provides all of the following levels of care EXCEPT, A life insurance policy that has premiums fully paid up within a stated time period is called, A securities license is required for a life insurance producer to sell, In contrast to a guaranteed renewable policy, a noncancellable policy. B. A newborn is required to be covered for ______ days from the moment of birth. The policy automatically converts to whole lifeafter the 10-year period, B. A separate converted policy may, at the option of the insurance company, be issued to cover a (n). When is an existing health insurance policy required to provide coverage for a new born child? What happens to interest earned if the annuitant dies before the payout start date? On which date would Sonya have coverage? a producers secretary who solicits prospects on the telephone Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? 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. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Which of the following is NOT a common exclusion for a medical expense policy? What is the purpose of a disability income benefit? 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. Which entity is responsible for processing insurance advertising in New Jersey? B.) b. Pat the client interest on any monies held. The Premium for a Modified whole life policy is: A. Introducing Cram Folders! Who would make the final determination on whether or not an insurance advertisement is misleading? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Whatwould be an expense factor in an insurance program? An individual the means to replace wages. Pierre MUST remit the premium to his insurer within ___ business days of receipt. In what part of insurance policy benefits found? If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay, Paul is an employee who caught a disease unique to the trade in which he was exposed to. Elizabethis the beneficiary of a life insurance policy. A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) When calculating the amount of life insurance needed for an income earner, what has to be determined when using he Needs Approach? B. Protects insurers from an applicantsMisrepresentation, C. Protect consumers with guidelines regardingcredit reporting and distribution. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? When the word "insurance" appears in a producer's business name, which of the following words cannot be approved? 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? 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. A producer who sells an individuallife insurance policy in Maryland MUST deliver to the policy owner a(n), b. Which of these riders will pay a death benefit if the insured's spouse dies? Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Which of the following is NOT information found in a life insurance buyer's guide? How soon can the benefit payments begin with a deferred annuity? A. You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of the following is NOT a qualification to be licensed as a producer? A non-contributory health insurance plan helps the insurer avoid, An employee under a group insurance policy has the right to name a beneficiary and the right to, A) remain on the group in the event of employment termination, D) Convert to an individual policy in the event of employment termination, D) Convert to an individual policy in the event of employment termination, All of the following are Characteristics of a group life insurance plan EXCEPT, Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting . A policy owner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due? An insurer may pay a commission in which of the following scenarios? Which law do all insurers and their producers need to comply with? Joanne has a $100,000 whole life policy with an accumulated $25,000 of cash value. Which of the following is typically NOT eligible for coverage in a group health policy? Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. c. Travel accidental insurance premiums. In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. A term life insurance policy is what most people think of when they think about life insurance. Which of the following is NOT part of an insurance contact? His policy may be reinstated at any time within _____ years. audio not yet available for this language. Medical history from the insured may be reviewed and reported, If an insurer receives a notice of claim under an individual health policy, and fails to provide proof of loss forms within 15 days, the insured must, File a written proof of loss, detailing the occurrence, character and extent of loss. Which of these is affected by the frequency of an insurance policy's premium payments? They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. What happens when an insurance policy is backdated? A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Afterwards, she deposits the check into her personal account. Medicare Part A does not pay for medical benefits provided for treatment in a skilled nursing facility beyond. 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. ashlyn 72" ladder bookcase / la montagne jean ferrat partition piano pdf / a producers secretary who solicits prospects on the telephone. Focus of Major medical insurance is providingcoverage for: C. Medical and Hospitalization expenses. Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Whichof these benefit options would he choose? Within how many days must a producer report to the Commissioner any administrative actions made against him/her? Mikehas inherited his fathers traditional IRA. Howsoon can the benefit payments begin with a deferred annuity? The individual is paying premiums that are priced for each year or Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of instability. Kathysannuity is currently experiencing tax-deferred growth until she retires. 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. 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. Which of the following statements is TRUE? \text{Accounts payable} & \$\ \hspace{5pt}32,000 & \$\ \hspace{5pt}57,000 \\ Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. Write a sentence explaining its significance to the executive branch. Duringthe accumulation period, who can surrender an annuity? D. Licensedproducers not appointed by an insurer. Erica is 35 years old and owns an IRA. \\ Making the policy effective on an earlier date than the present. Which of the following is present when an applicant stands to lose value if the insured dies? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Unders Insurance companies look at a number of factors when it comes to setting premiums for a particular company. Which of the following is NOT part of an insurance contract? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". How long is the Contestable Period for health insurance policies sold in Maryland? She may reinstate her policy within _____ years. In Maryland, a producer may have his/her license revoked for which of the following acts? How often must an insurance producer's license in Maryland be renewed? Determine whether the discriminant is positive, negative, or zero. 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. & \text{Ending}& \text{Beginning} & \\ Philsshopping for an annuity that guarantees he CANNOT outlive the benefits. An amount the premium would have purchased at the correct age. a producers secretary who solicits prospects on the telephone Percent frequency distribution for key variables. We weren't able to detect the audio language on your flashcards. C. Protects consumers with guidelines regarding creditreporting and distribution. 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. Who is eligible for insurance under a group policy issued to a labor union? In the event of employment termination, group insurance can be kept if the employee pays the premiums. A producer may begin to solicit insurance ONLY. Which of the following is Medicare Part B also known as? OGC Opinion No. 05-04-21: Acting as insurance producer without a a producer's secretary who solicits prospects on the telephone. b. Incomeif an insured is unable to work for a period of over six months, c. Coveragefor excess charges not paid for under Medicare. . Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Former dependent of employee no longer ofdependent status. Their offer/administration. Which market index is associated with an indexed annuity's rate of return? Which of the following would have the HIGHEST premium? Which of these will typically authorize treatment from a specialist?