Md life insurance - Study guides, Class notes & Summaries

MD LIFE FINAL EXAM QUESTIONS AND ANSWERS 100% PASS All of the following actions are considered rebating EXCEPT 1. sharing commissions with other licensed and appointed agents ding part of the premium as an inducement for purchase ing special dividends 4. offering anything of value not specified in the policy 1. sharing commissions with other licensed and appointed agents Peter has a policy where 80% to 90% of the premium is invested in traditional fixed income securities and the remainder o...

MD Life and Health Insurance Exam Questions and answers with 100% Complete solutions | verified &updated 2024 | Graded A+ Accelerated benefits - riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental death benefits - a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance - an insurance policy that...

Chapter 3 The Balance Sheet and Financial Disclosures True/False Questions 1. The balance sheet reports a company's financial position at a point in time. Answer: True Level of Learning: 1 Easy Learning Objective: 03-01 Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember AACSB: Reflective thinking AICPA: BB Critical thinking AICPA: FN Measurement 2. A company’s market value is generally less than its book value. Answer: False Level of Learning: 1 Easy Learning...

MD Life and Health Final Exam Questions with Verified Solutions The difference between a Long Term Care Partnership Plan and a Non-Partnership Plan is which of the following? Asset Protection All of the following are considered appropriate uses of life insurance for business purposes EXCEPT Protecting the business by covering entry level employees with life insurance Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer a...

MD Insurance Exam - Life Questions And Answers Latest Update

MD Life And Health Insurance Exam Verified Solutions A group of more than 20 employees would have _____ available in any state. A. ERISA B. NAIC C. COBRA D. NAIS ️C. COBRA states that an employer with 20 or more employees must provide notification statements to eligible terminated individuals to extend their group coverage after a qualifying event. A pre-existing condition, is a condition for which an employee has sought Medical advice, diagnosis, or treatment within the previous __ ...

MD LIFE FINAL EXAM COMPLETE GUIDE A field underwriter's main task is n a risk classification to the insured t medical information to the Medical Information Bureau (MIB) ensure an applicant's medical information is accurate and complete approve or decline an applicant ️ ensure an applicant's medical information is accurate and complete A life insurance rider that allows an individual to purchase insurance as they grow older, regardless of insurability, is called a(n) 1. guarant...

MD LIFE FINAL Exam Set Test Questions With Revised Correct Answers <Guarantee Pass> All of the following actions are considered rebating EXCEPT 1. sharing commissions with other licensed and appointed agents ding part of the premium as an inducement for purchase ing special dividends 4. offering anything of value not specified in the policy - ANSWER : 1. sharing commissions with other licensed and appointed agents Peter has a policy where 80% to 90% of the premium is ...

A criterion for medication choice in an older adult is -long half-life to prevent frequent dosing -dosing of 3-4 times daily -pill color and shape for easy identification -half-life less than 24 hours - half-life less than 24 hours A liability policy that pays claims even after the policy is no longer active is termed -claims made policy' -tail coverage -liability protection -"all protect" - tail coverage A liability policy that pays claims only during the period that the policy is ...

ACO correct answers An acronym for Accountable Care Organization Actuary correct answers A person in the insurance field who decides insurance policy rates and reserves dividends, as well as conducts various other statistical analyses Parternship for Health ACT 1966 correct answers recognized health promotion and illness prevention as a " State of complete physical, mental, social well being Assessment tool and diagnostic tests correct answers tools used for evaluating risk and outcome...