Exam (elaborations)
Michigan Laws & Rules Exam Questions and Answers (Graded A)
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Michigan Laws & Rules Exam Questions and Answers
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Michigan Laws & Rules Exam Questionsand Answers
To be eligible for small employer group coverage, an employee must work a MINIMUM
of _____ hours in a typical week. - Answer -17.5
Newborn coverage under health insurance policies MUST include coverage for -
Answer -birth abnormalities
A producer's insurance license may ONLY be revoked by the - Answer -Department of
Insurance and Financial Services (DIFS)
Which of the following is an example of the illegal act of defamation? - Answer -Making
a statement that is false or maliciously critical of the financial condition of an insurer.
Upon receiving a producer complaint, the Commissioner may immediately - Answer -
issue a cease and desist order
An insured dies from what appears to be accidental causes. When confirming the cause
of death, which of these actions by the insurer takes precedence? - Answer -Autopsy
Under which circumstance may a minor receive proceeds from a death benefit? -
Answer -The minor must have an appointed guardian
A Medicare Supplement policy issued in the state of Michigan is required to provide
each of the following EXCEPT - Answer -It must include outpatient prescription drug
coverage
An individual applying for a Michigan resident producer license must have completed
the required pre-licensing education within _____ months of license application. -
Answer -12
A life insurance application may be backdated to - Answer -save on premiums
A producer has allowed his/her license to lapse by failing to complete the required
continuing education credits. The license may be reinstated by completing the
requirement within _____ days of the renewal date. - Answer -90
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