According to erisa Study guides, Class notes & Summaries

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

Which of the following Annuities would potentially be the most negatively impacted by the overall stock market falling in value? - ANSWER-Variable According to Arkansas law, a resident insurance agent in the state of Arkansas: - ANSWER-Must be at least 18 years old Which provision is an Optional Uniform Provision? - ANSWER-Relation of Earnings to Insurance ERISA sets ________ standards for pension plans in private industry. - ANSWER-Minimum An application for health insurance was sub...

20-44 Personal Lines Agent PreXam Flashcards ALL SETS Questions and Answers 100% Pass the cost to replace an item or property at the time of loss, minus depreciation - Correct Answer ️️ -Actual Cash Value (ACV) a type of policy limit which limits coverage to a specified total amount for all losses occuring w/in the policy period - Correct Answer ️️ -Aggregate Limit conviction of a 3rd degree felony, liability for all unpaid claims, suspencion or revocation of all insurance license...

Under a long-term care insurance policy, adult day care coverage will provide for part time care at a facility for elderly individuals who live at home Which of the following is NOT true regarding a family policy that covers children? Conversion of child's coverage to permanent insurance requires evidence of insurability How long is a person expected to be disabled in order to receive Social Security disability benefits? 12 months Which of the following describes the number of deaths in ...

Law and Ethics in the Workplace Exam Questions With 100% Correct Answers Employment - answerProcess of providing work, engaging services of labor, and paying for the work performed. What is at the heart of human resources employment? - answerEmployment. Employers - answerThose persons, businesses, or organizations that provide the work, engage the services or labor, and pay for the work performed. Employees - answerIndividual hired by another, such as a business firm, to work for wages a...

Law and Ethics in the Workplace Exam Questions With 100% Correct Answers Employment - answerProcess of providing work, engaging services of labor, and paying for the work performed. What is at the heart of human resources employment? - answerEmployment. Employers - answerThose persons, businesses, or organizations that provide the work, engage the services or labor, and pay for the work performed. Employees - answerIndividual hired by another, such as a business firm, to work for wages a...

Exam Simulator FL-LH - FL Health and Life and Annuity (Complete Questions and Answers, A+ Rated) Latest 2023/2024 Exam Simulator FL-LH - FL Health and Life and Annuity (Complete Questions and Answers, A+ Rated) Latest 2023/2024 A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the...

SHRM-CP Practice Test 150 Questions with Verified Answers What is Human Capital Planning? - CORRECT ANSWER Human Capital planning is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies to meet the requirements to fulfill those goals. A Human Management Capital plan is forward thinking; the questions asked look at the present and into the future. What is an environmental scan and how does it pertain to strategi...

CPFA License Exam | (Certified Plan Fiduciary Advisor) Practice Questions What are the 4 basic fiduciary standards under the Fiduciary Standard of Care? (Section 404) 1.) Loyalty - (Exclusive purpose rule - Providing benefits to participants and their beneficiaries; and defraying reasonable expenses of administering the plan) 2.) Prudence - (Act with prudence by investigating before making any plan decisions, documenting the decision-making process, hiring experts when they don't possess ...

Exam Simulator FL-LH - FL Health and Life and Annuity Already Rated A+ A non-contributory plan requires _________ participation of all eligible employees A characteristic of preferred provider organizations (PPOS) would be: 100% Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): What benefit does the payor clause on...