Maryland life and health insurance exam . QUESTIONS WITH 100% CORRECT AND VERIFIED ANSWERS. A+ GRADED.

Maryland life and health insurance exam . QUESTIONS WITH 100% CORRECT AND VERIFIED ANSWERS. A+ GRADED. Which of the following regulates the quality of care provided by a health maintenance organization (HMO)? - CORRECT >> -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. - CORRECT >> -Direct response An insurer is life insurance premium rate must be the same for all individuals - CORRECT >> -In the same risk class with equal life expectancy Which of these annuity contract features is meant to discourage withdrawals and exchanges? - CORRECT >> -Surrender charges Which of these is not used as selection criteria in the underwriting process of a life insurance application? - CORRECT >> -national origin Which of the following is not a condition that must be met for an accidental death benefit to be paid? - CORRECT >> -Cause of death must be from a jobrelated injury Julie is in need of assistance with one or two activities of daily living. She may be eligible for a(n) - CORRECT >> -assisted living facility Doing the application process, a statement made by an applicant that becomes part of the contract is considered to be (an) - CORRECT >> -Warranty Qualified long-term care premiums are treated for tax purposes as - CORRECT >> - tax-deductible to the extent they exceed 7 1/2% AGI   Where is the difference between a standard risk and is substandard risk reflected? - CORRECT >> -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? - CORRECT >> -Taxes must be paid on 75% of the benefits received Traditional Individual Retirement annuity (IRA) distributions must start by - CORRECT >> -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? - CORRECT >> -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? - CORRECT >> -Reduction of premium payment Which of these policies is considered a whole life policy? - CORRECT >> Single premium life Medicare part a coinsurance payments are covered by? - CORRECT >> Medicare Supplement Plan A The blank is responsible for determining the appropriateness of a Medicare supplement policy for an applicant. - CORRECT >> -Producer Employers paid qualified, long-term care, insurance, premiums are typically - CORRECT >> -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? - CORRECT >> - surrender charge What is normally the consequence for not obtaining pre-admission certification prior to receiving inpatient medical care? - CORRECT >> -A reduction in benefits Kate received a group accident and health termination notice. How many days does she have to apply for a converted policy? - CORRECT >> -31 days Which of the following is not covered by a comprehensive long term care policy? - CORRECT >> -acute care Which of these is not a true statement of war exclusion? - CORRECT >> -It applies to civil insurrections A change in a licensees name or address must be provided to the Commissioner within days - CORRECT >> -30