Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. Which of the Uniform Optional Provisions covers this situation? 59 and owned account for a minimum of 10 years, B. 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. Which of the following topics needs to be discussed with this client? The right-to-examine period in Maryland for long-Term Care polices is ___ days. Duringthe accumulation period, who can surrender an annuity? What may be the result of replacing an existing life insurance policy with a new one? A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called. Tara the producer is delivering a specified disease insurance policy to a new policyowner. Contact; a producers secretary who solicits prospects on the telephonepossum playing dead in the yard. Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance? Julie has a $100,000 30-year mortgage on her new home. Which of the following is true concerning the proceeds of a life insurance policy? ABC Corporation has a group life insurance policy that covers its employees and their dependent children. Which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan? All Medicare Supplement policies MUST contain which provision? The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. she may need to resume premium payments, depending on actual results, Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of non guaranteed values. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Who is the individual paid on a fee-for-service basis? \end{array} Whowere Keogh Plans designed to provide pension benefits for?
belmont funeral home obituaries barbados -is an example of the illegal act called twisting -must be bonded through the state -must be licensed as a producer -is not required to be licensed as a producer must be licensed as a producer Producers selling insurance in New Jersey while having a residence and business address Whichof the following is Medicare Part B also known as?
a producers secretary who solicits prospects on the telephone Her health policy most likely contains a(n). Benefits for a Medicare Supplement policy. A newborn is required to be covered for ______ days from the moment of birth. An agent is required to keep replacement forms on file for at LEAST _____ years, When a Medicare supplement policy is purchased during the open enrollment period, The policy must be issued regardless of health status, Have it's content approved by the Insurance Commissioner. A. Alimited payment whole life policy provides. In the event of the employment termination, group health insurance can be kept if the EMPLOYEE pays the premiums, A health insurer must be provided with written proof of loss _____ days after the date of loss, A producer must notify the Commissioner within _____ days of a felony conviction. Determine whether the discriminant is positive, negative, or zero. What does the Group Life underwriting risk selection process help protect insurance companies from? How often must the Commissioner examine each domestic insurance company? Whichof the following is a requirement for ANY change in an insurance application? A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. Which of the following is NOT a duty of the Commissioner? A policyowner suffers an injury that renders him incapable of performing one or more important job duties. What is issued to each employee of an employerhealth plan? What are the levels of coverage as defined by the Affordable Care Act? \text{Total current assets} & \underline{\hspace{8pt}144,000} & \underline{\hspace{8pt}151,000} \\ Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. & \text{Balance}& \text{Balance} & \\ Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? Which of the following is TRUE regarding the federal income tax? Which of the following is a reinstatement condition? Elizabethis the beneficiary of a life insurance policy. A life policy loan in Maryland cannot charge a fixed rate of interest higher than: A producer's secretary who solicits prospects on the telephone: a) is an example of the illegal act called twisting, d.) Is not required to be licensed as a producer. \text{Ratained earnings} & \underline{\hspace{13pt}57,000} & \underline{\hspace{13pt}61,000} \\ Tim's individual life insurance policy has just recently lapsed. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. Which of the following is NOT a requirement for soliciting insurance in Maryland? The New Jersey Life and Health Insurance Guaranty Association is, Funded by assessments on member companies. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? 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? Bob and Tom start a business. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. The company did not retire any bonds or repurchase any of its own common stock during the year. Which of the following is typically NOT eligible for coverage in a group health policy? Determine financial strength of an insurance company, As classified by the Adorable Care Act (ACA), a silver plan offers. {"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"}}. Because dividends are considered to be a return of premium. A debtor may receive Credit Life insurance in which of the following forms? 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Vaginal plastic surgery is made up of two main procedures, external and . EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is, All of the following are core benefits of Medicare Supplement Plan A EXCEPT, Deductible payments for the first 60 days of hospitalization under Medicare hospitalization under Medicare hospitalization insurance, Statements made by an insurance applicant on an application are considered to be. Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? Which of the following statements is TRUE? When the minor has been approved by the Commissioner, When collection insurance premiums from a client, a producer MUST, A. 1. Howsoon can the benefit payments begin with a deferred annuity? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? 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. D. Assist an insurer in determine an applicantscreditworthiness. Employee must be able to make unlimited contributions. All of these are standard exclusions found in a life insurance policy EXCEPT. Which scenario would most life insurance policies exclude coverage for? The two plans are fee-for-service and. Pay for Medicare charges exceeding the approvedamount. A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. If an insured dies during the grace period with no premiums paid. 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. Advertising material for a life insurance policy does NOT need to contain which of the following? If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Registered for the state insurance examination. How much does Medicare Part B pay forphysician fees? This change is called a(n). C. Funded by federal, state, and local taxes. Continued coverage under COBRA would be providedto all of the following EXCEPT: a. C) Unintentionally misrepresented a material fact on the application. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Prospective producer who is waiting to take the state examination. _____ 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 describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies?