Illinois laws and rules pertinent to insurance
A producer must complete _ hours of ethics per continuing education reporting period
3
A long term care policy holder has _ days to return the policy after policy delivery and receive a full premium refund
30
Within _____ days after policy delivery, both Medicare Supplement and Long-Term Care policies can be returned for a 100% premium refund
30
A nondisabled individual is first eligible for a Medicare Supplement policy at age
65
Guaranty Fund
A state-established fund that provides a system for the payment of some of the unpaid claims of insolvent insurers licensed in that state, generally funded by assessments collected from all insurers licensed in the state.
Once a producers license has been revoked the producer must wait a minimum of __ years to reapply for any insurance license
3
An example of unfair claims practice is
Failing to effectuate a prompt fair and equitable settlements of claims
What is the required renewability status of all Medicare supplement policies
Guaranteed renewable
What service is not covered under a limited health service organization
Home health care
A _ lines producer may sell travel accident insurance in Illinois
Limited
What is a valid reason for an enrollee to be cancelled by a hmo plan
No payment of coverage
Which circumstance requires the pre existing condition clause in a long term care policy be waived
The new policy replaces existing coverage with the same insurer
Who issues Medicare Supplement policies
insurance companies
If a medicare supplement policy involves replacement, it must be verified on a question located
On the application
