Chapter Michigan laws

A producer may give an insurance AppleCare and article of merchandise having an involved value of blank or less

$5

XYZ insurance company receives satisfactory proof of loss for a claim. If XYZ does not pay the claim within 60 days of receipt, the insurer must pay simple interest of blank per annum

12%

A producer is hired to sell insurance for an insurer. Upon submission of the agency contract application, the producer must be appointed by the insurer within

15 days

In Michigan, legal action can be taken for up to blank years against an insurer for failure to pay health insurance claim after proof of loss was submitted

3 years

In Michigan legal action may be taken against an insurer for up to blank years for failing to pay life insurance claims after proof of loss was submitted

6 years

In Michigan, legal action may be taken against an insurer for up to blank years for failing to pay a life insurance claim after proof of loss was submitted

6 years

A producer has allowed his/her insurance to lapse by failing to complete the required continuation education credits. The license may be restrained by completing the requirements within blank days of renewal dates

90 days

In the Michigan insurance code chapter 5 insurance fraud defines financial loss as all of the following except

Additional premiums

Under which circumstances the consumer privacy regulations allow an insured financial information be

An authorized agent and makes a written request to be in charge during an insurance fraud investigation

And insured dies from what appears to be accidental causes. When confirming the cause of death, which of these actions by the insured takes precedence?

Autopsy

In Michigan, a person providing insurance advice to a person or business for a B is required to hold which license

Counselors license

Which of the following is considered to be an active miss representation

Falsifying the terms benefits advantage or conditions Of an insurance policyf

Upon receiving a producer complaint, the commissioner may immediately

Issue a cease and desist order

A Medicare supplement policy issued in the state of Michigan is required to provide each of the following except

It must include outpatient prescription drug coverage

Under Michigan insurance code, chapter 45, financial loss can be defined as

Loss of income

Which of the following is an example of The illegal act of defamation

Making a statement that is false or maliciously critical of the financial conditions of an insurer

An insured would be committing unfair discrimination if coverage was denied based upon

Marital status

What do these actions would not result in a producers license revocation

Not maintaining an adequate level of sales

Which of the following is not covered under workers compensation

Pain and suffering

Producer's Fiduciary duty requires that

Premiums are forwarded to the insurer on a timely basis

Which of these is the best example of misrepresentation

Providing incorrect misleading incomplete or materially untrue information and a license application

In the state of Michigan a licensed producer

Represents the insurer

A life insurance application may be backdated to

Save on premiums

Which of the following actions is required by a producer who is replacing an existing life insurance policy?

Submit to the replacing ensure a list of policies to be

According to the Taft Hartley act, the group insurance premiums payments made by an employer must be paid to be

Trust

The active misrepresentation to induce an insured person to terminate an existing policy and purchase a new one is referred to as

Twisting

The active blank insurance does not require an individual to hold an insurance producers license

Underwriting

I feel insurance and their child is in capable or self supported because of mental handicap at how long was this child be provided health coverage for under the parents policy

Until policy termination with proof of incapacity

And example of intimidation is

Using threats

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

preventative and diagnostic services

A baby is born to a husband and wife covered under a family accident and health insurance policy. If the newborn is covered at birth, the first payment for the additional coverage would become due and blank days

31

Any change of address by a licensee requires a notice within 30 days to which of the following

Commissioner

In determining whether a pre-existing condition applies, the enroll he cannot have more than how many days gaps in Health and

63

Under Michigan law, which of the following would not be considered an illegal inducement

A promotional item with the producers name and address valued at five dollars

An example of an unfair claims settlement practices

Failing to properly provide a reasonable explanation for the denial of claims

Paul the producer has provided a false statement in relation to an insurance claim. Which legal hacked husband committed

Fraud

HMO plans are required to provide

Home healthcare

A foreign insurance company doing business in Michigan

Is a company domicile under the laws of another state

The acceptance of a credit life application requires the submission of a certificate of insurance to the insured within blank days

30

A universal life policy holder must receive a notice of Casher undervalue at least every

Year

Mission requires that a licensee complete blank hours of continuing education on the subject of ethics every reporting.

3

For individual health insurance, coverage for pre-existing conditions may be excluded for up to blank months after issuance of the policy

12

Individual playing for Michigan residents producers license must have completed three quired pre-licensing education within blank months of the licensing application

12 montgs

To be classified as a small employer in Michigan employer must employ

2-50

Group dental plans for frequently place a limit on animal no benefits in order to minimize

Adverse selection

The producers insurance license may only be revoked by

Department of insurance and financial services or DIFS

A common exclusion allocation of dental policies is

Endodontics

The branch of dentistry which deal with the replacement of missing parts is called?

Prosthodontics

Which of the following is an example of a producers fiduciary duty

Recording receipts and remittance of premiums due to the insurance company

Do you know which circumstance my miter receive proceeds from a death benefit

The minor must have an appointed guardian

A life insurance policy sold in Michigan may be contested by the insurer only during the first blank year's contract

Two