MI laws & rules questions and answers already passed

MI laws & rules questions and answers already passed An employee is REQUIRED to work AT LEAST how many hours in a normal week to be eligible for small employer group insurance? 17.5 According the the taft hartley act, group insurance premium payments made by an employer must be paid to the trust If an insured, unmarried child is incapable of self support because of a mental handicap, how long must this chide be provided health coverage under the parents policy? Until policy termination with proof of incapacity Stock company owned by its stockholders a producer has allowed his/her license to lapse by failing to complete the required continuing education credits. The license may be reinstated by completing the requirement within ___ days of the renewal date in michigan 90 In michigan, a person providing insurance advice to a person or buissness for a fee is required to hold which lisence Counselor a foreign insurance company doing business in michigan is a company domiciled under the laws of another state A life insurance applicant in MI may backdate the application for up to how many months 6 a universal life policy owner must receive a notice of cash surrender value at least every year example of intimidation using threat or force to restrict fair trade in the transaction of insurance According to the Michigan Insurance Code, which of the following MUST a producer do when replacing a Life Insurance policy? Submit to the replacing insurer a list of all Life Insurance policies or annuity contracts proposed to be replaced Misrepresentation Falsifying the terms, benefits, advantages or conditions of an insurance policy Which of these actions would not results in a producers license revocation Not maintaining an adequate level of sales Twisting The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as Under which circumstance may a minor receive proceeds from a death benefit The minor must have an appointed guardian A producer is hired to sell insurance. Upon submission