life and health insurance exam konnor
a producer is required to remit premiums from a trust account to the insurer how many days of receipt
45 days
a producer is required to remit premiums from a trust account to the insurer within how many days of receipt
45 days
as a conditon of initial licensure an individual applicant for a producer license in one line of authority will be required to complete approved relicensing education of how many hours
50
to qualify as a smaller employer a business must have employed no more than how many eligiblle employees in the preceding calendar year
50 eligible employees
benefit periods for individual short term disability policies will usually continue from
6 months to 2 years
when can an insured initiate legal action against the insurer
60 days after submitting proof of loss
which of the following provisions is mandatory for health insurance policies
physical examination and autopsy
under the accidental death and dismemberment ad&d coverage what type of benefit will be paid to the beneficiary in the event of the insured accidental death
principal sum
in respect to the consideration clause which of the following is consideration on the part of the insurer
promising to pay in accordance with the contract terms
when an insurer combines two periods of disability into one the insured must have suffered a
recurrent disability
which of the following is NOT provided by an HMO
reimbursement
which of the following scenarios would be an example of coercion on the part of a lender
requiring the debtor to acquire a policy from a specific producer
regarding long term care policies which of the following would NOT be included in activities of daily living
sleeping, talking
what is the best way to change an application
start over with a fresh application
regarding investigations of insurers the Colorado commissioner of insurance may
subpoena witnesses whenever he or she deems c=necessary
in order to facilitate responses to inquires from the division of insurance companies must maintain all records for at least
the current calendar year plus the 2 prior calendar years
who is responsible for covering the expenses associated with the examination of domestic insurers
the examined insurer
the benefits available to newborn children must include coverage for injury or sickness and all medically necessary care and treatment for how many days of a newborns life
the first 31 days
in a disability policy the elimination period or waiting period refers to the period between
the first day of disability and the day the insured starts receiving benefits
which of the following is NOT a feature of a noncancellable policy
the insurer may terminate the contract only at renewal for certain conditions
which of the following would provide an underwriter with information concerning an applicants health history
the medical information bureau
the insuring clause of a disability policy usually states all of the following EXCEPT
the method of premium payment
which of the following statements is true regarding deductibles and coinsurance for treatment of mental illness
they may not differ from those established for other conditions
believing a producer has violated provisions of the insurance code the commissioner will schedule a hearing
to allow the producer to show why penalties should not be accessed
an insured pays a monthly premium of 100 for her health insurance what would be the duration of the grace period under her policy
10 days
an insured notifies the insurance company that he has become disabled what provision states that claims must be paid immediately upon written proof of loss
time of payment claims
if the commissioner believes a producer has committed a violation of an insurance law commissioner will hold a hearing what is the purpose of the hearing
to allow the aggrieved party to be heard
an all individual and small employer benefit plans how long is the grace period for persons receiving the federal advance payment tax credit
3 months
in all individual and all employer health benefit plans how long is the grace period for persons receiving the federal advance payment tax credit
3 months
how many hours of continuing education must cover ethics
3 hours
all of the following statements concerning medicaid are correct EXCEPT
Medicaid is a state funded program that provides health care to persons over 65 only
all of the following are correct about the required provisions of a health insurance policy except
a reinstated policy provides immediate coverage for an illness
the insured health policy only pays for medical costs related to accidents which of the following types of policies does the insured have
accident only
the premium charged for exercising the guaranteed insurability rider is based upon the insured
attained age
an inusrace contract must contain all of the following to be considered legally binding EXCEPT
beneficiary consent
which of the following would NOT be used in preventive care
chemotherapy
an insurance producer just sold an insurance policy to his sister what kind of business is this
controlled
if an insured changes the premium payment mode from monthly to annually what happens to the Total premium
decreases
an applicant is discussing his options for medicare supplement coverage with his agent the applicant is 65 years old and has just enrolled in medicare part A and B what is the insurance company obligated to do
differ the supplement policy on a guaranteed issue basis
which agreement specifies how a business will transfer hands when one of the owners dies or becomes disabled
disability buy-sell
who can provide skilled nursing care
doctor
all of the following are advantages of an HMO or PPO for a medicare recipient EXCEPT
elective cosmetic procedures are covered
which of the following is NOT covered by health maintenance organizations hmos
elective services
an insurance producer is prohibited from charging separate feed for any of the following services EXCEPT
financial planning
an insured is involved in an accident that renders him permanently deaf although he does not sustain any other major injuries the insured is still able to preform his current job to what extent will he receive presumptive disability benefits
full benefits
before an agent delivers a policy the insurer makes a last minute change and he accepts it in response the agent must
have the insured sign a statement acknowledging that he is aware of the change
what are the 2 types of flexible spending accounts
heath care accounts and dependent care accounts
during a sale of a medicare supplement policy an agent must give out a copy of the buyers guide and an outline of coverage the outline must state all of the following EXCEPT
how the agents commission is paid
during a sale of a medicare supplement policy an agent must give out a copy of the buyers guide and an outline of coverage the outline must state all of the following except
how the agents commission is paid
which of the following riders would NOT increase the premium for a policy owner
impairment rider
all of the following are differences between individual and group health insurance EXCEPT
individual insurance does not require medical examinations while group insurance does require medical examinations
which of the following best describes the MIB
it is a nonprofit organization that maintains underwriting information on applicants for life and health insurance
concerning medicare part b which statement is INCORRECT
it is fully funded by social security taxes FICA
an insurer receives an examination request form dated june 2 from the division of insurance the insurer must respond by
june 12th
the provision which prevents the insured from bringing any legal action against the company for at least 60 days after proof of loss is known as
legal actions
a policy owner has a health insurance policy with his wife listed as the primary beneficiary he would like to change the primary beneficiary to his sister which of the following is true
unless the policy designated the current beneficiary as irrevocable the policyowner can make changed at any time
under the physical exam and autopsy provision how many times can an insurer have the insured examined at its own expense while a claim is pending
unlimited
