Missed Quesations

what is the shortest possible elimination period for group short-term disability benefits provided by an employer

0 days

to avoid violations of unfair claims settlement regulations, insurers are required to acknowledge the receipt of a claim within how many days

10

any licensed person whose activities affect interstate commerce and who knowingly makes false material statements related to the business of insureance may be imprisoned for up to

10 years

prior to license renewal, all insurance producers must successfully complete a minimum of

24 credit hours

department may impose a civil penalty of..for knowingly violating the insurance code regarding unfair methods of competition

5,000 for each violation

little or no medical information required regarding plan participants in groups of

50 or more

to attain currently insured status under social security, a worker must have earned at least how many credits during the last 13 quartes

6 credits

10,000 IRA

8000, 60 days

most policies will pay the accident death benefits as long as the death is caused by the accident and occurs within

90 days

An employee quits his job and converts his group policy to an individual policy, the premium for the individual policy will be based on his

attained age

which of the following is not true of a disability buy sell coverage

benefits are considered taxable income to the business

a small hardware owner is involved

business overhead expense policy

all of the following are true about group disability income insurance except

coverage applies both on and off the job

which component increases in the increasing term insurance

death benefit

accelerated benefit provision effects...on the benefits paid to the beneficiary

decrease the benefits paid to the beneficiary

violation of unfair discrimination law may result in all of the following penalties except

fins of up to 1000 for each act

cocnerning insurance, the definition of a fiduciary responsibility is

handling insurer funds in a trust capacity

which of the following refers to "own occupation" disability

insured is unable to perform duties of the occupation for which he/she was educated and trained

during partial withdrawal from a universal life policy, which portion will be taxed

interest

which of the following does a producer not have the authority to do

issue policies

all of the folloiwing statements about medicare part b are correct except

it is a compulsory program

which of the following is true regarding the accumulation period of an annuity

it is a period during which the payments into the annuity grow tax deferred

which of the following is not true regarding a certificate of authority

it is issued to group insurance participants

which of the follwoing statements best describes the effect the accelerated benefit provision would have on time benefits paid to the beneficiary

it will decrease the benefits paid to the beneficiary

straight life

life income

which of the following is considered a presumptive disability under a disability income policy

loss of two limbs

under the fair credit reporting act, individuals rejected for insurance due to information contained in a consumer report

must be informed of the source of the report

under which plan does preventative dental treatment not apply toward the deductible

nonscheduled

incorrect about part b coverage

part b coverage is provided free of charge when an individual turns 65

prior to purchasing a medigap policy, a person must be enrolled in which of the following

parts a and b of medicare

a prospective insured receives a conditional receipt but dies before the policy is issued. The insurer will

pay the policy proceeds only if it would have issued the policy

which of the following is usually true of a participating life insurance policy

pays dividends to policyowners

spendthrift clause

protect the policy proceeds from creditors of the beneficiary

all of the following are penalties a producer may face for violating the insurance laws of this state except

re-examination

giving a client an inducement to a sale not stated in the policy is an unlawful practice known as

rebating

which of the following insurance options would be considered a risk sharing arrangement

reciprocal

insurance producers that do not have company appointments are considered a/an

representative of the consumer

when the insured initiates the cancellation of a policy, the unearned premium will be refunded on a

short rate basis

which of the following determines the length of time that benefits will be received under the fixed amount settlemetn option

size of each installment

which of the following would help prevent a univeral life policy from lapsing

target premium

same between qualified and nonqualified retirement plans

taxation on accumulation

Conditional receipts

temporary insuring agreements

which is not true about beneficiary designations

the beneficiary must have insurable interest in the insured

if a licensee wanrts to transact inuranbce under a different name

the change must be reported to the commissioner

which of the following entities established the do not call registry

the federal trade commission

all of the following are true statements regarding the accumulation at interest option exceptq

the interest is not taxable since it remains inside the insurance policy

the insuring clause of disability policy usually states all of the following except

the method of premium payment

what happens if a deferred annuity is surrendered before the annuitization period

the owner will receive the surrender value of the annuity

if an insured continually uses the automatic premium loan option to pay the policy premium

the policy will terminate when the cash value is reduced to nothing

which of the following is true about nonforfeiture values

they are required by state law to be included in the policy

which of the following statements about medicare supplement insurance policies are correct except

they cover the cost of extended nursing home care

which provision states that the insurance company must pay medical expense claims immediately

time of payment of claims

viatical settlment brokers represent

viators

when would a 20 pay whole life policy endow

when the insured reaches age 100

federal law makes it illegal for any individual convicted of a crime involving dishonesty or breach of trust to work in the business of insurance affecting interstate commerce

without receiving written consent from an insurance regulatory authority

the two types of assignments are

absolute and collateral

two types of assignments are

absolute and collateral

what is the amount a physician or supplier bills for a particular service or supply

actual charge

an individual wants to purchase a life insurance policy. His agent asls if the transaction will involve replacing any existing life insurance polocies. If the customer replies yes, whivh of the following

agen must provide a replacement notice to the applicant

what documentation grants express authority to an agent

agents contract with the principal

in which medicare supplements policies are the core benefits found

all plans

Bob purchases a policy to provide coverage on himself, his wife, and their two children. all of them would need to prove insurability except

any children born to them after the inception of the contract

according to the time limit on certain defenses provision, the insurer cannot void the policy for any misstatements on the application if the policy was in force for what time period

3 years

for group medical and dental expense insurance, what percentage of premium paid by the employer is deductible as a business expense

100%

a client has a new individual disability income policy with a 20 day probationary period and a 30 day elimination period. 10 days later, the client breaks their leg and is off work for 45 days. how many days of disability benefits will the policy pay

15 days

minimum age for obtaining an insurance producer's license in this state

18

to be eligible under HIPPA regulations, for how long should an individual converting to an individual health plan have been covered under the previous group plan

18 months

how long does a temporaray producers license last for the surviving spouse of a deceased producer

180 days

An insured was involved in an accident and could not perform her current job for 3 years. But can reasonably perform another job utilizing similar skills after 1 month. How long would she be receiving benefits under "own occupation" disability plan

2 years

once a mail order solicitation has been filed, how long may it be used

2 years

What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act

2,500

within how many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtaines

3 days

the insurance code identifies all of these as prohibited acts that can cause suspension, revocation, or denial of an insurance producer license for a licensee or applicant, with the exception of

commission of any misdemeanor

if an insurer appoints a producer, which authority must be notified

department of insurance

all of the following could be considered rebates if offered to an insured in the state of insurance except

dividends from a mutual insurer

when the insured selects the extended term nonforfeiture option, the cash value will be used to purachase term insurance with what face amount

equal to the original policy for as long as the cash value will purchase

how often must the commissioner examine rating organizations

every 5 years

correct concerning taxation of long term care insurance

excessive benefits may be taxable

which of the following are the authorities that an agent can hold

express and implied

what does level refer to in level term insuranc

face amount

which policy component decreases in decreasing term insurance

face amount

protects consumers against the curculation of inaccurate or obsolete personal or financial information

fair credit reporting act

what is true about the cash surrender nonforfeiture option

funds exceeding the premium paid are taxable as ordinary income

all of the following are licensing requirements for a business entity except

having all employees complete continuing education courses every 2 yearsa

which of the following health care plans would most likely provide the insured/subscriber with comprehensive health care coverage

health maintenance organization plan

on a participating insurance policy issued by a mutual insurance company, dividends paid to policyholders are

not taxable since the IRS treats them as a return of a portion of the premium paid

ABC insurance wishes to begin transacting business in PA. Before it can do so, it must do which of the followin

obtain a certificate of authority

a producer has become disabled. in order to keep his business going what may his designee do

obtain a temporary license

a rider attached to a life insurance policy that provides coverage on the insured's family members is called the

other-insured rider

the part of medicare that helps pay for inpatient care in a skilled nursing facility, home health care and hospice care is known as

part a