NEW MEXICO LAWS AND RULES PERTINENT TO INSURANCE EXAM 2024

NEW MEXICO LAWS AND RULES PERTINENT TO INSURANCE EXAM 2024 When an insured under a group life insurance plan in New Mexico elects the conversion option, the new policy is issued - correct answer without requiring evidence of insurability An agent who publicly and erroneously announces that an insurance company is insolvent may be found guilty of - correct answer defamation Insurance agent Kelly offers insured a $500 shopping card if they purchase an insurance product through her. What is this an example of? - correct answer rebating, which is an unfair trade practice An example of an endodontic treatment is - correct answer root canal When a Medicare Supplement insurance policy is being replaced, who must sign the notice of replacement? - correct answer The agent and the applicant Which is an example of an unfair claim settlement practice? - correct answer Offering settlements that are less than the fair value to offset insurer expenses A terminated employee has how many days upon termination to convert group life insurance coverage to an individual policy? - correct answer 31 days A licensee who attempts to intimidate a prospective insured is guilty of - correct answer Coercion