nm 2 (law)
HMO
a portion of a patient's open-heart surgery costs is paid by the organization that provided the surgery and post-operative care. which type of organization is this?
misrepresentation
an insurance agent visits a potential client and explains various types of policies. the customer displays a lack of interest, so the agent guarantees higher dividends then he knows would be possible. which term describes what the agent has done?
offering an inducement of something of value not specified in the policy
defines the unfair trade practice of rebating
24 mounths
if a medicare supplement policyholder becomes eligible for medicaid, what is the maximum time period for which the medicare supplement policy premiums could be suspended?
controlled business
when an agent writes insurance for himself, his spouse, or his own business, this is called
certain number of hours must be completed in a classroom setting
which of the following is a requirement for pre-licensing education for producers in this state?
B
all of the following are true about the completion of pre-licensing training EXCEPT A. a lecture class must be taken to complete a portion of the training B. the requirement can be fulfilled by completing training through lecture course, home study or online C. a license must be renewed within one year of a lapse or the licensee will be required to retake pre-licensing courses and the examination D. the completion is good for one year
30 days
disability income benefits must be payable if the loss occurs within how many days of the accident?
establish a premium fund trust account
due to a large volume of transactions, a producer may have to hold the premiums he collects for more than 15 days before he can remit the premiums to the insurer. which of the following would be an appropriate plan of action by the producer?
1
firms must have producers that will be responsible for their compliance with state laws and regulations. what is the minimum number of producers that must be present in a given firm?