In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an
insurer unless there is an agreement in place between the producer and insurer. This
agreement is called a(n)
Correct Answer: appointment
what kind of insurance provides coverage for one or more necessary or...
1 XCEL CHAPTER 11 - LAWS AND RULES EXAM | QUESTIONS & A NSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. This agreement is called a(n) Correct Answer: appointment what kind of insurance provi des coverage for one or more necessary or appropriate diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services in a setting order than an acute care unit of a hospital? Correct Answer: long-term care Twisting is Correct Answer: the unfair trade practice of replacing an insurance policy from one insurer to another based on misrepresentation. All of these activities require an individual to hold a producer's license EXCEPT Correct Answer: providing referrals 2 An insurance producer is BEST defined as Correct Answer: a person who has a contract with an insurance company to represent it Proceeds payable under a life insurance contract to a policyowner in anticipation of death or upon the occurrence of specified li fe-threatening conditions as defined by the policy are best described as Correct Answer: accelerated benefits which of the following life events would allow an uninsured employee to qualify for special enrollment in a small employer health benefit plan ? Correct Answer: Adoption of a child Who is required to notify the producer in the event of appointment termination? Correct Answer: Insurer All of these may be an unfair claims practice EXCEPT Correct Answer: Refusing to pay persons bringing false or fraudulent claims An example of misrepresentation is Correct Answer: providing incorrect, misleading, incomplete, or materially untrue information in the license application 3 All of the following are typically included in a life insurance policy illustration EXCEPT Correct Answer: Names of the beneficiaries Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Maryland? Correct Answer: Health Insurance Producer License At minimum, a carrier is required to offer which of the following health benefit plans to small employers? Correct Answer: The standard plan A producer's renewal date for his/her resident insurance license is on or before Correct Answer: the last day of the licensee's birth month A domestic insurance company in Maryland MUST Correct Answer: be formed under Maryland insurance laws Which of the following is required for an insurer to conduct business in this state? Correct Answer: Certificate of Authority Under a small group health plan, an insurer is required to provide a newly -married employee at least ____ days to add the new spouse to the plan. Correct Answer: 60 days enrollment period
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