by . 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. c. Send receipt of payment to the commissioner, d. Forward Premiums to the insurer on a timely basics. Which market index is associated with an indexed annuity's rate of return? In what part of insurance policy benefits found? Which of the following is NOT considered to be an actof fraud? 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. Who regulates the quality care provided by a health maintenance organization (HMO)? Using derogatory statements about an insurance company's financial condition. Ahealth care provider claim may be settled using which of the following paymentmethods? Erica is 35 years old and owns an IRA. 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. An effort by an existing insurer to prevent replacement and continue existing Life Insurance in force is known as which of the following? A. 59 and owned account for a minimum of 5 years, C. 70 and owned account for a minimum of 10 years, D. 70 and owned account for a minimum of 5 years, A. Cancelingdisability policy to buy a term life policy, B. Cancelinga term life policy to buy a whole life policy, C. Cancelinga long-term care policy to buy a whole life policy, D. Cancelinga whole life policy to buy a major medical policy. D. The face amount and premiumwill remain constant over the 10-year period. A minimum of 12 months after date of purchase. Which of the following is the likely result? Which of the following is required for an insurer to conduct business in this state? The Commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? Normally pay for losses arising from: Which of these would an insurer consider when determining whether to accept a group life plan? In event of acontroversy between the insured and the company, the producer is considered to representthe. Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Mike has inherited his fathers traditional IRA.As beneficiary, he will pay __Taxes on any money withdrawn. Whatdoes the word Level in level term describe? Former dependent of employee no longer ofdependent status. An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. Which of the following does Coordination of Benefits allow? Mary ran into John, another employee, who happened to be taking outthe garbage. Changing from one occupation to another at the same general status is called _____. Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Which of the following would have the HIGHEST premium? B. D.) By providing consumer credit counseling. 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. An attending physician's statement would be appropriate for which life insurance purpose? To be classified as a small employer in Maryland, and employer must employ, Secretary of the Department of Health and Mental Hygiene. 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. When initial premium is collected and policy is issued. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Write a sentence explaining its significance to the executive branch. CashandcashequivalentsAccountsreceivableInventoryTotalcurrentassetsProperty,plant,andequipmentLessaccumulateddepreciationNetproperty,plant,andequipmentTotalassetsAccountspayableIncometaxespayableBondspayableCommonstockRatainedearningsTotalliabilitiesandstockholdersequityEndingBalance$48,00041,00055,000144,000150,00050,000100,000$244,000$32,00025,00060,00070,00057,000$244,000BeginningBalance$57,00044,00050,000151,000140,00035,000105,000$256,000$57,00028,00050,00060,00061,000$256,000. 1. Registered for the state insurance examination. Insurance producer Kelly offers an insured a $500 shopping card if an insurance product is purchased through her. What is the contract called that is issued to an employer for a Group Medical Insurance plan? Under a life insurance policy, what does the insuring clause state? A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? All Medicare Supplement policies MUST contain which provision? Submit to the replacing insurer a list of the policies to be replaced. Please select the correct language below. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. A producer has recently died and leaves behind a spouse. Julie has a $100,000 30-year mortgage on her new home. (To help answer this question, create an Accounts Receivable T-account and insert the beginning and ending balances.) Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance policy? 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 type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? juin 5, 2022 . A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. By Posted browning 725 pro sporting canada Which of the following is true concerning the proceeds of a life insurance policy? Which course of action must be taken by the Commissioner? When must a claim on a life insurance policy be paid after proof of loss has been received by the insurer? What happens when an insurance policy is backdated? a. Oneor more diagnostic, preventive, therapeutic, rehabilitative, maintenance orpersonal care services in a setting other than an acute care unit of ahospital. 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. A. Long-term care insurance and Medicare Supplement plans have a free-lock period of ______ days, A ______ insurance company is one that was formed under the laws of a state other than Maryland, they are both licensed in the same line of business, Two producers may share a commission ONLY if, Mary's Medicare Supplement policy had been in effect for 12 months. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu A newborn is required to be covered for ______ days from the moment of birth. A doctor who accepts Medicare Assignment agrees to which of the following? Whichof these will have the highest monthly payout upon Annuitization? Which option was chosen? The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Converting a group plan to permanent lifeinsurance requires: D. The conversion being applied for within 31 daysof termination. As of January 1, 2014, small group health insurance can be rated on the basis of. Whichscenario would most life insurance policies exclude coverage for? A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. It would be considered taxable income to the employee. 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 June 5, 2022 . 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. A. 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. How often must an insurance producer's license in Maryland be renewed? An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. Which of the following statements is TRUE about Medicaid? C) Unintentionally misrepresented a material fact on the application. 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. Long-term care insurance and Medicare Supplementplan have a free-look period of__ days. D. Administered by the federal government. Which of the following would be the appropriate tax consequence? Maria the agent would like to advertise an annuity product on a highway billboard. 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. Because dividends are considered to be a return of premium. Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? Within how many days must a producerreport to the commissioner any administrative actions made against him/her? Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? AMaryland insurance producer solicits an insurance policy. Duringthe accumulation period, who can surrender an annuity? When an applicant passes a licensing examination and answers all background questions negatively. 1. D.In the event of employment termination, group health insurance can be kept if the employer pays the premium. what happened to amy bailey happy healthy humble . _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period. Which of the following statements is TRUE? 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. visas, binomial trials. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. New Jersey insurance law requires eligible individuals to make an election to continue health insurance benefits within a MAXIMUM of _____ days after coverage termination, A _____ insurance company is one that was formed under the laws of a state other than New Jersey, All of the following are typically included in a life insurance policy illustration EXCEPT, Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. Which of these is NOT considered to be a risk factor in life insurance underwriting? 1. Her health policy most likely contains a(n). If credit life insurance is terminated before the scheduled maturity date of the debt, any unearned premium held by the insurer will be? Which of these is NOT a characteristic of the Accelerated Death Benefit option? 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. What is the maximum fine for a producer violating a New Jersey Insurance law for the first time? Assist in the underwriting of insurance policies. The company did not retire any bonds or repurchase any of its own common stock during the year. Proceeds payable under a life insurance contract to a policyowner in anticipation of death or upon the occurrence of specified life-threatening conditions as defined by the policy are best described as: A temporary producer license in Maryland is valid for up to. If an insured's age on a life insurance policy has been misstated, what is the insurer's liability if the insured dies? Who is eligible for insurance under a group policy issued to a labor union? C. Careis only covered in a government facility, D. Careis only covered if primary care physician gives a referral, Theopen enrollment period for Medicare part B is, D. Generaltax revenue and user premiums. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. B. Recieve a tax credit to help offset the cost of health insurance. The funeral of Wayne Emmerson Wilson leaves Downes and Wilson Funeral Home, Eagle Hall, St.Fax: 540-662-2627. A master contract and certificate of coverage can be found in which type of policy? The policyholder for a group health benefit plan is considered to be the, A Medicare Supplement policy can be cancelled by the insurer for, As of January 1, 2007, producer's license expires, Every two years on the last day of the producer's birth month, An insurer has the right to recover payment made to the insured from the negligent party. Whichof the following is a requirement for ANY change in an insurance application? A life insurance policy sold in Maryland can be cancelled for nonfraudulent misstatements for up to, A person who has a contract with an insurance company to represent it, To a licensed producer who is appointed with the insurer. Annuities are intended to create an estate. You have created 2 folders. It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? B. Whathappens when an insurance policy is backdated? What is involved when a life insurance policy has been backdated? who would be responsible for the prosecution of this crime? A separate converted policy may, at the option of the insurance company, be issued to cover a (n). cuanto gana un pintor de autos en estados unidos . A Whole life policy option where extended terminsurance is selected is called a(n), A provision in a whole life policy that allows apolicy owner to terminate the policy in return for a reduced paid-up policy ofthe same type is called a(N). Terminally - ill life insurance policy owners may sell their policy at a discount to the third party. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ A medicare supplement plan can be canceled by the insurer, Small employers who are sponsored by an insurer to provide group benefits to its employees are called, Health insurance involves two perils, accident and _____. 1. Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Which of these premium payment frequencies is not typically available to a policy owner? Aninsureds status under social security can be described as, Along-term care policy typically provides all of the following levels of careEXCEPT. 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. The Healthcare Insurance Exchange offers plans for everyone. Which of the following is not a reason for the Commissioner to deny or refuse a producer license application? When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? An ___________ insurance company is one that was formed under the laws of another country outside of the U.S. How long is her grace period? What is the primary purpose of a rating service company such as A.M. Best? Pat is insured with a life insurance policy and Karen is his primary beneficiary. 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. Which type of disability would be less than total impairment and equal to permanent impairment? Which of the following is considered a tax-deductible medical expenseunder this rule? The law that established insurance transactions regulated by the states is called. After 15 years, the cash value has accumulated to $100,000 and the police's face amount has become $600,000. What does the Group Life underwriting risk selection process help protect insurance companies from? Whoassumes the investment risk with a fixed annuity contract? Which of the following basics is a producer's fiduciary responsibility? a. Mustmeet certain underwriting guidelines. Vaginal plastic surgery is made up of two main procedures, external and .