Missouri Laws & Rules Questions 100% Solved (rated A)

Missouri Laws & Rules Questions 100% Solved (rated A) A health insurance policy application may ONLY be altered with the written consent of the -ANSWER Applicant All of these statements concerning a licensee's responsibility for premiums received are true EXCEPT -ANSWER The licensee shall hold them in a fiduciary capacity before transmitting them to the insurance company In order to terminate a producer's appointment, the insurer MUST -ANSWER Send a notice of the termination to the Director Health insurance plans that cover physical therapy visits may NOT impose a copay that -ANSWER Are greater than the copay or coinsurance for primary care office visits Which of the following is a requirement to attain a Missouri resident producer license? -ANSWER Must be 18 years or older Which of these is considered an unfair trade practice? -ANSWER A producer who tells a client that dividends are guaranteed Credit Life Insurance is -ANSWER Issued in an amount not to exceed the amount of indebtness The grace period for group life policy is _____ days -ANSWER 31 days In Missouri, all health policies must address diabetes coverage in which way? -ANSWER Apply the same deductible and copays to covered diabetic supplies as other medical conditions When an insured receives chiropractic service, the copayment may NOT exceed _____ of the total cost of providing the service -ANSWER 50% Coverage for human leukocyte antigen testing for bone marrow transplant is REQUIRED to be provided in all -ANSWER Group comprehensive health insurance Which of these is NOT a required group life policy provision? -ANSWER Right to loan proceeds Which of the following type of life insurance policies involves an investment account that is separate from the insurer's general account? -ANSWER Variable life A licensee must complete ____ hours of continuing education every 2 years -ANSWER 16 hours After a life insurance policy has been in force for a MAXIMUM of ______ years, it becomes incontestable -ANSWER 2 years Which of these statements regarding health coverage for physically handicapped dependents is FALSE? -ANSWER The dependent must have been over 10 years of age when the handicap was incurred If the sale of a Medicare Supplement involves replacement, all of these actions must be performed by the producer EXCEPT -ANSWER Notify the replaced insurance company Jasmine Is a salaried employee of an insurance company. Which of the following duties would require her to be licensed as an insurance producer? -ANSWER Soliciting insurance policies A producer must report any personal felony charges within ___ days of pre-trial hearing. -ANSWER 30 days A foreign insurance company CANNOT conduct business in Missouri without -ANSWER A certificate of authority Missouri requires that an insurance producer must complete ____ hours of continuing education on the subject of law and ethics every reporting period -ANSWER 3 hours Which of the following may NOT be issued after the Director of Insurance finds an insurance code violation committed by a licensee? -ANSWER Warrant for arrest Which of the following is a requirement for obtaining a resident producer license in Missouri? -ANSWER Pay a $100 license fee A producer is circulating incorrect information about the benefits of a policy. This producer may be found guilty of -ANSWER Misrepresentation ABC insurance company would like to issue a small group policy in this state. Before do