An individual currently owns a long term care policy. At the time of application for
similar coverage, which item must be signed by the applicant and retained by the
insurer?
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State insurance departments A replacement notice
When a medicare supplement insurance policy is being replaced, who must sign the
notice of replacement?
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The agent and the applicant
,An example of unfair claims settlement practice is
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turning down a claim without providing the basis of denial
Replacement rules are designed primarily to protect the interest of the
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Policyowner
Greg had recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy?
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31 days
Pointing out to a prospective client that the life insurance policy you are presenting is
covered by the New Mexico Life and Health Insurance guaranty association is
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Prohibited by law
,In New Mexico, a life insurance policy loan shall bear interest at a specified rate, not
in excess of
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8%
When the superintendent believes an agent is causing substantial and material harm,
the superintendent has the authority to
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issue a cease and desist order against the agent
Under small group health benefit plans, a carrier may discontinue coverage or may
refuse to renew such a plan if the employer
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fails to pay the premium prior to the end of the grace period
A cease and desist order issued by the Superintendent against an agent
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, Prohibits a specific practice listed in the order
Medicare advantage plans are sometimes called
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Part C
Under what circumstances must an agent's insurance business records be provided to
the New Mexico Superintendent of Insurance?
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Upon request of the Superintendent
According to federal fraud and false statements regulation, what is required for a
prohibited person to transact insurance business in this state?
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Written consent from the state insurance regulatory agency
First year commissions on Medicare supplements may not exceed
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similar coverage, which item must be signed by the applicant and retained by the
insurer?
No worries, learning is a process!
State insurance departments A replacement notice
When a medicare supplement insurance policy is being replaced, who must sign the
notice of replacement?
Give this one a try later!
The agent and the applicant
,An example of unfair claims settlement practice is
Give this one a try later!
turning down a claim without providing the basis of denial
Replacement rules are designed primarily to protect the interest of the
Give this one a try later!
Policyowner
Greg had recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy?
Give this one a try later!
31 days
Pointing out to a prospective client that the life insurance policy you are presenting is
covered by the New Mexico Life and Health Insurance guaranty association is
Give this one a try later!
Prohibited by law
,In New Mexico, a life insurance policy loan shall bear interest at a specified rate, not
in excess of
Give this one a try later!
8%
When the superintendent believes an agent is causing substantial and material harm,
the superintendent has the authority to
Give this one a try later!
issue a cease and desist order against the agent
Under small group health benefit plans, a carrier may discontinue coverage or may
refuse to renew such a plan if the employer
Give this one a try later!
fails to pay the premium prior to the end of the grace period
A cease and desist order issued by the Superintendent against an agent
Give this one a try later!
, Prohibits a specific practice listed in the order
Medicare advantage plans are sometimes called
Give this one a try later!
Part C
Under what circumstances must an agent's insurance business records be provided to
the New Mexico Superintendent of Insurance?
Give this one a try later!
Upon request of the Superintendent
According to federal fraud and false statements regulation, what is required for a
prohibited person to transact insurance business in this state?
Give this one a try later!
Written consent from the state insurance regulatory agency
First year commissions on Medicare supplements may not exceed
Give this one a try later!
