life and health insurance exam konnor

a producer is required to remit premiums from a trust account to the insurer how many days of receipt

45 days

a producer is required to remit premiums from a trust account to the insurer within how many days of receipt

45 days

as a conditon of initial licensure an individual applicant for a producer license in one line of authority will be required to complete approved relicensing education of how many hours

50

to qualify as a smaller employer a business must have employed no more than how many eligiblle employees in the preceding calendar year

50 eligible employees

benefit periods for individual short term disability policies will usually continue from

6 months to 2 years

when can an insured initiate legal action against the insurer

60 days after submitting proof of loss

which of the following provisions is mandatory for health insurance policies

physical examination and autopsy

under the accidental death and dismemberment ad&d coverage what type of benefit will be paid to the beneficiary in the event of the insured accidental death

principal sum

in respect to the consideration clause which of the following is consideration on the part of the insurer

promising to pay in accordance with the contract terms

when an insurer combines two periods of disability into one the insured must have suffered a

recurrent disability

which of the following is NOT provided by an HMO

reimbursement

which of the following scenarios would be an example of coercion on the part of a lender

requiring the debtor to acquire a policy from a specific producer

regarding long term care policies which of the following would NOT be included in activities of daily living

sleeping, talking

what is the best way to change an application

start over with a fresh application

regarding investigations of insurers the Colorado commissioner of insurance may

subpoena witnesses whenever he or she deems c=necessary

in order to facilitate responses to inquires from the division of insurance companies must maintain all records for at least

the current calendar year plus the 2 prior calendar years

who is responsible for covering the expenses associated with the examination of domestic insurers

the examined insurer

the benefits available to newborn children must include coverage for injury or sickness and all medically necessary care and treatment for how many days of a newborns life

the first 31 days

in a disability policy the elimination period or waiting period refers to the period between

the first day of disability and the day the insured starts receiving benefits

which of the following is NOT a feature of a noncancellable policy

the insurer may terminate the contract only at renewal for certain conditions

which of the following would provide an underwriter with information concerning an applicants health history

the medical information bureau

the insuring clause of a disability policy usually states all of the following EXCEPT

the method of premium payment

which of the following statements is true regarding deductibles and coinsurance for treatment of mental illness

they may not differ from those established for other conditions

believing a producer has violated provisions of the insurance code the commissioner will schedule a hearing

to allow the producer to show why penalties should not be accessed

an insured pays a monthly premium of 100 for her health insurance what would be the duration of the grace period under her policy

10 days

an insured notifies the insurance company that he has become disabled what provision states that claims must be paid immediately upon written proof of loss

time of payment claims

if the commissioner believes a producer has committed a violation of an insurance law commissioner will hold a hearing what is the purpose of the hearing

to allow the aggrieved party to be heard

an all individual and small employer benefit plans how long is the grace period for persons receiving the federal advance payment tax credit

3 months

in all individual and all employer health benefit plans how long is the grace period for persons receiving the federal advance payment tax credit

3 months

how many hours of continuing education must cover ethics

3 hours

all of the following statements concerning medicaid are correct EXCEPT

Medicaid is a state funded program that provides health care to persons over 65 only

all of the following are correct about the required provisions of a health insurance policy except

a reinstated policy provides immediate coverage for an illness

the insured health policy only pays for medical costs related to accidents which of the following types of policies does the insured have

accident only

the premium charged for exercising the guaranteed insurability rider is based upon the insured

attained age

an inusrace contract must contain all of the following to be considered legally binding EXCEPT

beneficiary consent

which of the following would NOT be used in preventive care

chemotherapy

an insurance producer just sold an insurance policy to his sister what kind of business is this

controlled

if an insured changes the premium payment mode from monthly to annually what happens to the Total premium

decreases

an applicant is discussing his options for medicare supplement coverage with his agent the applicant is 65 years old and has just enrolled in medicare part A and B what is the insurance company obligated to do

differ the supplement policy on a guaranteed issue basis

which agreement specifies how a business will transfer hands when one of the owners dies or becomes disabled

disability buy-sell

who can provide skilled nursing care

doctor

all of the following are advantages of an HMO or PPO for a medicare recipient EXCEPT

elective cosmetic procedures are covered

which of the following is NOT covered by health maintenance organizations hmos

elective services

an insurance producer is prohibited from charging separate feed for any of the following services EXCEPT

financial planning

an insured is involved in an accident that renders him permanently deaf although he does not sustain any other major injuries the insured is still able to preform his current job to what extent will he receive presumptive disability benefits

full benefits

before an agent delivers a policy the insurer makes a last minute change and he accepts it in response the agent must

have the insured sign a statement acknowledging that he is aware of the change

what are the 2 types of flexible spending accounts

heath care accounts and dependent care accounts

during a sale of a medicare supplement policy an agent must give out a copy of the buyers guide and an outline of coverage the outline must state all of the following EXCEPT

how the agents commission is paid

during a sale of a medicare supplement policy an agent must give out a copy of the buyers guide and an outline of coverage the outline must state all of the following except

how the agents commission is paid

which of the following riders would NOT increase the premium for a policy owner

impairment rider

all of the following are differences between individual and group health insurance EXCEPT

individual insurance does not require medical examinations while group insurance does require medical examinations

which of the following best describes the MIB

it is a nonprofit organization that maintains underwriting information on applicants for life and health insurance

concerning medicare part b which statement is INCORRECT

it is fully funded by social security taxes FICA

an insurer receives an examination request form dated june 2 from the division of insurance the insurer must respond by

june 12th

the provision which prevents the insured from bringing any legal action against the company for at least 60 days after proof of loss is known as

legal actions

a policy owner has a health insurance policy with his wife listed as the primary beneficiary he would like to change the primary beneficiary to his sister which of the following is true

unless the policy designated the current beneficiary as irrevocable the policyowner can make changed at any time

under the physical exam and autopsy provision how many times can an insurer have the insured examined at its own expense while a claim is pending

unlimited