Connecticut laws and rules

The maximum prison sentence given under federal law for unfair and deceptive insurance practices is

15 years

To be classified as a small employer in Connecticut, and employer must employ how many eligible employees

1 to 50

If wheeler. Provided in a life insurance policy is usually

10 days

In Connecticut, producer cannot use his/her license for primarily writing controlled business. In order to conform to this requirement, annual premiums collected on controlled business cannot exceed____of total premiums.

10%

How many days notice does affordable care act require insurers together before resending coverage?

30

What is the actuarial Value of a bronze level health plan?

60

A producer is holding a meeting with a potential client about replacing an existing group health insurance policy. The topic that should be included in the conversation is

A comparison of benefits between the current and proposed plans

A______ensure operates in the United States but is headquartered outside the United States.

Alien

Before soliciting insurance applications for an insurer, a producer most secure a

Appointment

A life settlement________negotiate a life settlement between a policy owner in a life settlement provider.

Broker

The television advertisement features a health insurance product that is endorsed by a specific group. And this advertisement,

Can you control by the insurer over this group must be disclosed

A producer recently replaced an existing Medicare supplement policy with a new policy. The producers compensation for the new policy

Cannot exceed the renewal commission of the original policy

All of these are considered to be a violation of federal Fraud and false statements act except

Claims reimbursement

A group health plan covers employees in Connecticut, Massachusetts, And Rhode Island. The state regulatory jurisdiction established for this plan does not affect which plan aspect?

Cobra continuation of coverage

When evaluating and ensures financial status, the commissioner may consider each of the following except

Comparing an insurance agency agreement to determine maximum paid commissions

Life settlement brokers are not allowed to

Complete transactions prior to being approved for a license

A__________is a licensee who charges a fee for contracted insurance advisory services.

Consultant

Which term refers to insurance written on the interest of the licensee, the licensee his employer, or the licensees immediate family?

Control business

Which of the following does not involve a life settlement transaction?

Converting term life coverage to whole life insurance

Life settlement proceeds may be subject to claims of

Creditors

All of these used to prevent adverse selection in a group dental plan except

Decreased employee participation

If your life insurance application is shown future premiums or to be paid out of non-guaranteed values, the illustration used in the sales presentation must

Disclose that premium payments may need to be resumed depending on that actual results

A prepaid dental plan has an arrangement in place with a network of dentist which

Except in establish amount as payment in full for the dental services rendered

Which of the following would be considered a violation of Connecticut insurance law?

Failure to remit premium in a timely manner

A consumer who has been recently denied insurance, credit, or employment based on an unfavorable consumer report MUST be advised as such. Which of the following does this statute originate from?

Fair credit reporting act

A(n) _________ insurer Rights business in the state other than the one in which it is domiciled.

Foreign

A___in sure rights business in a state other than the one in which is domiciled

Foreign

John has a criminal record in which he was convicted of a felony that involve dishonesty. Under federal law, how would John be able to engage in insurance transactions?

Given written consent by the state insurance regulatory agency

A producers license may only be suspended or revoked if the producer

Has been afforded a right to hearing

Under the pregnancy Discrimination act of 1978, employers must treat pregnancy

In the same manner as any other cover disability

Which of the following is NOT classified as an "employee" under a group employer insurance plan?

Independent contractor

Which of the following situations would qualify and insured to receive funds from an Accelerated (living) Benefit rider?

Insured is expected to remain in a nursing home for life

Who is required to notify the producer in event of an appointment termination?

Insurer

Which of the following causes of disability is not covered under Connecticut Worker's Compensation law?

Intentional, self-inflicted injuries that occurred on the worksite

The______is responsible for reporting the commissioner any name or address changed of the licensee.

Licensee

Which of the following is not a valid reason furniture to contest the life insurance policy during the policies first two years of existence?

Misstatement of age

James the producer has sold a life insurance contract to a client without using an illustration, even though his insurer offers one. For this particular transaction, the applicant

Must sign a statement that no illustration was provided

an insurer may not refuse the renewal of a small employer health insurance plan because of

Overuse of medical services

Which of these is not a standard provision in qualifying long-term care policy sold in Connecticut?

Prior hospitalization

A life insurance producer is required to give disclosure notice about information practices to an applicant or proposed insured

Prior to it at the time of signing the application

At what point must a producer give notification to the commissioner about using an assumed name?

Prior to using the assumed name

A handicapped child is covered under an individual health policy. If continuation of coverage is needed beyond the policies age limit, which of the following is required?

Proof of incapacity in dependency upon reaching the age limit

Replacement regulations exist in order to

Protect policy owners from misrepresentations in loss of benefits

What is considered interstate travel under the federal fraud and false statement act?

Puerto Rico

A life insurance policy owner sells her policy to a third-party and a life settlement. Under the transaction, the policy owner

Received an amount less than the policies death benefit

Which of the following facilitates nonresident license in the state of Connecticut?

Reciprocity agreement

When an insurer markets it's Medicare supplement product in Connecticut, which method is acceptable?

Replacing an existing policy with one that has a greater benefit

In regards to technology and the ACA, which of the following statements is correct?

States which operate with an exchange my offer in Internet-based portal

A group health certificate for coverage issue in Connecticut must contain a

Summary of policy features and benefits

If one producer provides a referral to another producer which results in the sale of an insurance contract, who Will likely be paid a commission?

The commission will likely be shared between the two producers

Which of the following message clearly be illustrated in all sales material for market value adjusted annuities?

The market value adjustment can be either upward or downward

An individual in Connecticut who charges a fee for giving advice on the insurance policy must be licensed as a consultant if the advice is given to

The policyholder

Why does Connecticut require insurance to maintain a minimum level of assets?

To demonstrate insurer solvency

Which of these is typically regarded as a major treatment and an indemnity dental plan

dentures

According to the affordable care act, coverage may be rescinded

if intentionally false statements were offered

In most dental plans, a deductible typically is NOT applied to

preventative and diagnostic services