Maryland life and health - Study guides, Class notes & Summaries

A broker requests a hearing with the Commissioner. Within how many days of the request must the hearing be held? - 30 Collision coverage extends to rented passenger vehicles that have been rented for - No more than 30 days. Every vehicle insurance policy issued and delivered in Maryland must provide coverage for medical, hospital and disability benefits, unless - Waived by the first named insured. When an insurer desires to cancel or non-renew a property insurance policy, they must give ad...

Maryland life and health insurance exam questions and answers already passed Which of the following regulates the quality of care provided by a health maintenance organization (HMO)? Secretary of the department of health and mental hygiene. A marketing system, which utilizes mass media advertising and mail, instead of a producer, is called an blank, blank marketing system. Direct response An insurer is life insurance premium rate must be the same for all individuals In the same risk class wit...

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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...

If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - correct answer at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - correct answer the premium to purchase the coverage comes from the policy's cash value Which of the following is not a reason for a business to buy key person life insurance? - correct answer an incre...

MARYLAND LIFE AND HEALTH INSURANCE FINAL EXAM 2024

Final Exam - Maryland Life and Health Questions and Answers 100% Solved How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)? taxed as ordinary income in the year received Life Insurance replacement can be best defined as _______? a transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrendered According the the affordable care act (ACA), dependent children may remain on their parent's plan until what ag...

After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - correct answer File written proof of loss Which of these factors help determine an insured's life insurance premium? - correct answer Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing - correct answer Member insurers Lifetime protection - correct answer A limited payment whole life policy provides Decreasing term ...

If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - the premium to purchase the coverage comes from the policy's cash value Which of the following is not a reason for a business to buy key person life insurance? - an increased pension liability if the key employee di...

Maryland Life and Health Insurance Licensing Exam Questions and Answers Already Passed After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? File written proof of loss Which of these factors help determine an insured's life insurance premium? Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing Member insurers Lifetime protection A limited payment whole life policy provides Decr...

Maryland Life and Health exam latest update with certified solutions facultative one of the 2 types of resinsurance agreements which allow the resinsurer the opportunity to reject risks presented to it or to price them higher based on the risk exposure treaty one of the 2 types of insurance agreements which automatically accepts all new risks presented by the ceding company law of agency states the principle is responsble for acts of their agents commissioner has the power to issue rules and ...