Licensing

Another name for health insurance policy subscriber

Participant

a dentist is off work for 4 months due to a disability. his dental assistants salary would be covered by

business overhead insurance

in group health insurance who holds the contracts

employer and employees

in a noncancellable policy can an insurer increase the premium above what is stated in the policy

no

how long is free look period of medicare supplement

30 days

a member who is part of PPO what can they do if they need to see a specialist

can select any specialist but non network specialists will have higher out of pocket costs

_______ sums are percentages of____ sums

capital; principal

producers in this state are required to promptly report all of the following to the commisioner except use of assumed names change of address felony convictions change of marital status

change of marital status

when would life insruance proceeds be taxable by the federal govt

if there is a transfer for value

payor rider provides protection to the _____

insured minors

all of the followng must sign an application for health insruance except proposed insured insurer producer applicant

insurer

do cat plans usually have higher or lower monthly premiums

lower

features of CAT plans

out of pocket costs high deductibles essential benefits

what wont core medicare supplement (plan a) cover

part a deductible

plan a is the core benefits only and does not include coverage for

part a deductibles

what isnt needed on front page of medicare supplement policy

premium rates

life insurance can provide_____

survivor protection

if an annuitant dies before the annuity start date, the interest is

taxable

which entity has the option of including optional provisions in a health insurance policy

the insurer

who is required to inform applicants about gathering practices

the producer

Which of the following is not a component of insurance policy premium

Number of beneficiaries

What happens to a face amount of a whole life policy if the insured reaches age 100

The face amount is paid to the insured

Medicare part a doesn't include

Private duty nursing

if a producer wants to use an alias instead of his real name, what authority must be notified

commisioner

an individual buys a disability policy may 1 with a waiver of premium rider. the insured becomes disabled june 1. the insured is permanently totally disabled on july 1. and recieves first payment on jul 15. when does waiver of premium provision start

june 1 it is retroactive to date of disability once waiting period is satisfied

would an applicant who may require a larger death benefit in the future buy convertible term? yes or no and why

no becuase convertible term converts to cv with same benefit and higher premium

in a group life policy with a benefit of more than 50,000

premium costs about $50000 is taxable as income to the employer

what is the latest point at which an outline of coverage may be presented

at the time of policy delivery

a lender who conditions approval of a loan on the condition that the borrower purchase insurance from that lender may be guilty of

coercion

according to the common disaster clause, if they cant find out if insured or primary died what is assumed

primary beneficiary died first

life insurance creates an immedite estate. which of the following best explains this statement

the face value of the policy is payable to the beneficiary upon death of the insured

an applicant completes an application for a disability policy and pays the initial premium. the producer gives the applicant a conditional receipt. insurance coverage for the applicant will become efffective when

the insurance company accpets the risk