Maryland life and health insurance exam questions and answers already passed

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 with equal life expectancy Which of these annuity contract features is meant to discourage withdrawals and exchanges? Surrender charges Which of these is not used as selection criteria in the underwriting process of a life insurance application? national origin Which of the following is not a condition that must be met for an accidental death benefit to be paid? Cause of death must be from a job-related injury Julie is in need of assistance with one or two activities of daily living. She may be eligible for a(n) assisted living facility Doing the application process, a statement made by an applicant that becomes part of the contract is considered to be (an) Warranty Qualified long-term care premiums are treated for tax purposes as tax-deductible to the extent they exceed 7 1/2% AGI Where is the difference between a standard risk and is substandard risk reflected? Premium charges Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from the disability plan? Taxes must be paid on 75% of the benefits received Traditional Individual Retirement annuity (IRA) distributions must start by April 1st of the year following the participant attains age 70 1/2 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? 31 days A life insurance policyowner would like a dividend option that results in a limited current outlay of funds which dividend option would be chosen? Reduction of premium payment Which of these policies is considered a whole life policy? Single premium life Medicare part a coinsurance payments are covered by? Medicare Supplement Plan A The blank is responsible for determining the appropriateness of a Medicare supplement policy for an applicant. Producer Employers paid qualified, long-term care, insurance, premiums are typically Excluded from the employees gross income Under a deferred annuity, which contract feature initially charges a 5-10% fee that eventually reduces to $0 after a stated amount of time? surrender charge What is normally the conseq