ch 8 health laws and regulations quiz

A temporary license may be issued for a MAXIMUM period of how many days?

180 days

The approved prelicensing course of study requirement for health insurance is

20 hours

The conversion period for a terminated employee to convert group life coverage to an individual plan is

31 days

Unless specifically excluded in the policy, a Medicare Supplement policy must provide coverage for pre-existing conditions after the policy has been in effect for a minimum of how many months?

6 months

Which of the following individuals MUST be licensed as a producer?

A person who places insurance on behalf of anyone seeking insurance

Tennessee insurance law specifically allows the Commissioner to issue a temporary license to which of the following individuals?

A surviving spouse of a deceased producer

Defamation is BEST described as publishing or circulating which of the following types of information?

Brochures falsely criticizing the financial condition of an insurance company

According to the Entire Contract Changes provision for health policies, what is required for a change to a policy to be valid?

Changes in the policy must be approved by an executive officer of the insurer, endorsed, and attached to the policy

Which provision MUST an individual health policy contain?

Payment of Claims

Continuing education requirements in Tennessee apply to which of the following persons?

Resident producers

Which of the following would be considered misrepresentation by an insurance agent?

Stating that dividends are guaranteed

Which of the following statements regarding referral fees is CORRECT?

The Commissioner may establish by rule a maximum amount for each referral

Disclosure standards require that which of the following be delivered with a Medicare Supplement policy?

The Outline of Coverage

According to Tennessee insurance law, which entity is liable for claims against contracts of insurance unlawfully made in Tennessee by a Tennessee producer with an insurance company NOT authorized to do business in this state?

The producer is liable

An insurance company that is incorporated in New York and does business in Tennessee is defined in Tennessee as

a foreign insurer

According to Tennessee insurance law, an "individual" is defined as a "person" and also includes

an individual's legal representative

A company can be held responsible for any act of boycott, coercion, or intimidation by its producer if the company

approves or acquiesces to such act

In order to sell, solicit, or negotiate Long-term Care insurance, an individual must meet all of the following requirements EXCEPT

complete a one-time 4 hour course on estate planning

A CORRECT statement about the regulatory authority of the Commissioner with respect to insurance producers is that the Commissioner may

establish guidelines for continuing education as a part of the producer license renewal procedure

The life insurance and annuity replacement regulation defines replacement as

exchanging an existing policy for a new policy

An insurance company that promises lower insurance rates than any other company in the country may be charged with

false advertising

The Commissioner does NOT have the power to

incarcerate a producer

In Tennessee, a producer's license must be renewed every

must complete 24 hours of continuing education every 2 years to keep their license active. 3 of those hours must be in ethics.

Which action by an insurance producer is considered rebating?

plitting commissions with a policyholder who has purchased additional coverage

An individual who in any manner sells, solicits, or negotiates insurance on behalf of insurance companies for compensation is an insurance

producer

All of the following actions are considered rebating EXCEPT

sharing commissions with other licensed and appointed producers

According to Tennessee insurance law, while transacting insurance business, producers act as representatives of

the insurer

The Free-Look provision of any health policy begins the date

the policy is delivered to the insured

The Commissioner must examine each domestic insurance company AT LEAST every

three years

Before holding a hearing that may lead to suspension or revocation of a producer's license, the Insurance Commissioner MUST give

written notice to the producer