Notice to the applicant - Study guides, Class notes & Summaries

Under which circumstance may an insurer discontinue a small employer group medical plan? - ANSWER-Employer fails to pay the premium prior to the end of the grace period An insured is covered with a health insurance policy. If the insured would like to cancel the policy, he/she must - ANSWER-notify the insurance company in writing Who is protected with the "other insurance with this insurer" provision? - ANSWER-Insurance company When a producer submits an application that discloses per...

Examination of Records - The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing - the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner - the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order - the commissioner may issue this order to any person committed ...

be responsible for maintenance of plumbing systems. - answerowner or owner's agent Plumbing systems, lawfully in existence at the time of the adoption of this code shall be permitted to have their use, maintenance, or repair continued as long as the original design has no hazard to _________________________________ created by such plumbing system. - answerlife, health, or property When the requirements within the jurisdiction of this plumbing code conflict with the requirements of the me...

During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D Designate a new producer for a replaced policy - B Which of the following documents must be provided to the policyowner or applicant during policy replacement? A Buyer's Guide and Policy Summary...

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...

GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct] 1 acre is how many square feet? *Ans* 43,560 A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the seller was looking for A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker must deposit the check by close of business on which day? *Ans* Thursday A spouse who is left out of a will can claim? *Ans* Elective share 30% Abstract Continuation *Ans* history of ti...

A Home Improvement Contractor is a person who offers to... - Answer-perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? - Answer-$500 What is the MAXIMUM amount that a home improvement contactor may pay to a homeowner for referring a client to the contractor? - Answer-The contractor is NOT permitted to compensate the homeowner for referrals. An applicant was denied a license after a hearing. When may the applicant rea...

NJ Life Producer Exam Correct answers latest update Which of the following amounts must decrease in a decreasing term? Death benefit In life insurance, insurable interest must exist at the time the.. Producer writes an on a proposed insured An applicant makes an offer to the insurer when they pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? Premium Schedule An insurer that...

A characteristic unique to surplus lines insurance is that it - ANSWER-May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - ANSWER-5 years Which of these insurance professionals investigates or settles claims for a fee or commission - ANSWER-Adjuster A producer offers a prospective buyer a trip to Jamaica in order the persuade him to buy a policy. I...

A Home Improvement Contractor is a person who offers to... - perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? - $500 What is the MAXIMUM amount that a home improvement contactor may pay to a homeowner for referring a client to the contractor? - The contractor is NOT permitted to compensate the homeowner for referrals. An applicant was denied a license after a hearing. When may the applicant reapply? - 6 months. Wha...