missed (law)
A
Which of the following is NOT among the benefits of the Illinois health insurance portability and accountability act (HIPAA) A. employers with 20 or more employees are required to extend group health coverage to terminated employees and their families B. those with less than perfect health may be covered under a new employer's group health plan C. it is easier to change from one group health plan to another without temporarily losing benefits D. employer group health plans can no longer medically underwrite an individual and deny coverage because of health issues
A
which of the following would NO be allowed to offer insurance advice for a fee or commission in this state? A. a director of an insurance company B. a trust officer of a bank C. a CPA D. a licensed attorney at law
15 days
a producer is required to maintain a premium fund trust account anytime they will be holding client's premiums how many days?
minor surgery
an enrollee is covered under a LHSO plan. within the last month, she has submitted several claims. which would be covered under her LHSO plan?
the condition must be covered under the insured's plan
an insured needs ongoing treatment for a diabetic condition. under PPACA,
B
any company or person who violates a written order under the regulatory examinations section of the insurance code may be subject to all of the following penalties EXCEPT A. having committed business offense B. imprisonment C. Monetary fine up to $20000 D. license suspension
$250
how much is the fee for a nonresident producer to obtain and maintain his or her insurance license?
reasonable extension of benefits
if a group health insurance plan discontinues its policy and a certificate holder is currently on total disability, what, if anything, must the insurer cover?
90 days
if a medicare supplement policyholder becomes eligible for medicaid, within what time period must the insurer be notified?
no sooner than 20 days and no later than 30 days after the notice is served
if the director serves a notice of a hearing upon an insurer, when must the hearing be held?
on a prorated basis
in an insurance policy is cancelled within 90 days following the inception date, in what manner will the fee be refunded?
apply and pay a fee to a nonresident state
in order to get a nonresident license is this state, producers must
180 days
temporary licenses may be issued to surviving spouses under certain circumstances. these licenses are good for how many days?
it is illegal to mention the association in advertisements
true regarding advertising that the insurance guaranty association would ensure payment of benefits in the event of insurer insolvency?
nothing
under standard circumstances, if a change occurs to a medicare supplement policy that increases benefits, what must occur?
insurer insolvency
what does the guaranty association guard against?
director
what entity ultimately determines the extent of a temporary licensee's authority?
no more than 1 per lifetime
what is the limit to the number of 90-day temporary licenses that a person may hold?
none
what is the maximum time allowed for the probationary period in an accident policy?
appointed by the governor
what is true about how the insurance director gets into office?
pay renewal fees and complete required CE hours
what must a producer do in order to retain a license?
C
which of the following is NOT specifically prohibited in advertising? A. using terms such as "liberal" or "generous" B. wording limitations as if they were advantages, such as "even pre-existing conditions are covered after two years" C. use of statistics D. not stating clearly and prominently if coverage is limited
D
which of the following is NOT true regarding a limited lines producer? A. he or she may represent more than 1 insurer B. licensee must be appointed by an insurance company C. the appointing company must pay license renewal fees D. his or her license must be renewed every 2 years
15 days
within what time period from the receipt must the insurer refund any premiums due to the insured?
embezzlement
a producer uses the premiums collected from policyowners for his personal use. what can the producer be charged with
D
all insurance companies are forbidden to do any of the following EXCEPT A. require an insured to give written notice of loss within a specified period of time to relieve the company of its obligations under the policy B. request or require an insured to submit to a polygraph examination C. require that an insured completes a proof of loss in less time than provided in the policy D. require proof of insurability
B
all of the following are prohibited under Illinois law EXCEPT A. failing to provide claimants necessary claims forms within 15 working days of request B. Stating which section the payment or denial of a claim is based upon C. offering a claimant less than they are owed, or would win in a court of law D. engaging in activities that result in excessive complaints filled by consumers
single premium nonrenewable
all policies must include a notice of the insured's unconditional right to return the policy within 10 days for a full refund except for what type of policy?
30 days
how long does a policy's free-look period last?
Maliciously criticize another insurance company
agent may be found guilty of defamation if they make false statements that are intended to
None
a trust officer of a bank wants to counsel people on their life insurance policy, for a small fee. what licensure must the officer receive in order to do this legally?
applied to all policies and insurance issuers
according to the Illinois insurance code, disclosure rule for life or health insurance solicitation