Insurance regulation
31 days
In order to convert to an Individual LTC policy , an insured must pay the initial premium within how many days of termination of a group policy?
A single insurer
In the employer choice option in the SHOP marketplace, what does the employer select?
If forms are filed electronically
Insurance companies in Maryland must submit forms to the insurance Commissioner in duplicates. What is the one exception to this rule?
60 days
Insurers must provide a notice of renewal to small employers at least how many days prior to the policy renewal date?
60 days
Legal actions to recover on a policy can begin how many years after written proof of loss is furnished?
As a part of a medicare Supplement policy by the use of an endorsement
Long term care coverage may be sold in all of the various ways EXCEPT
Limited coverage for treatment of alcoholism
Long term care insurance policies can
They condition the payment of benefits
Regarding Medicare SELECT policies, what are restricted network provisions?
The public
Standards and rules for life insurance advertising are implemented to protect?
An agent misrepresents policy benefits to convince a policy owner to replace policies
All of the following would be considered rebating EXCEPT
30 days
An insurance producer is required to notify the Commissioner of any felony convictions within how many days of the conviction?
10 days
An insured forgets to pay the monthly premium on her health insurance policy. How long will she be given to submit her premium payment before her policy lapses?
Have a similar license in his or her home state
To obtain a non resident producer license in this state, an applicant must
The guaranty association
To what organization must all admitted insurers belong?
In network physicians must be either employees or partners of the HMO
Which of the following is NOT a characteristic of HMOs as defined by the state of Maryland
They are regulated by the federal government
Which of the following is NOT true regarding nonprofit health service plans in this state?
30
A broker requests a hearing with the Commissioner within how many days of the request must the hearing be held?
Employing a person who has ever been convicted of a felony
All of the following actions by a producer may be grounds for license revocation or suspension EXCEPT
4 years
How long must producers maintain records of continuing education completion?
30 days
How many days in advance of a long term care policy lapsing due to nonpayment of premium must an insurer provide notice to the insured or designee?
3
How many years after furnishing proof of loss does the insured have to take legal actions against the insurer?
Annually
How often must a small employer hold an open enrollment period?
30 days
If a producer's Appointment is terminated, the insurer must update its appointment register with how many days?
30 days
If an insurer accepts applications from a non appointed producer, the insurer must either reject the applications or appoint the producer within how many days?
The Commissioner
Which of the following is responsible for setting regulations pertaining to independent insurance producers and their required record retention?
A person who negotiates insurance contracts
Which of the following persons is required to hold a producer license?
Insurers
Who is required to keep and maintain a register of appointed producers?
The Commissioner
Who must approve rate changes for non competitive types of insurance?