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Activities of Daily Living (ADLs) - answer-a person's essential activities that include bathing, dressing, eating, transferring, toileting, continence Adverse Selection - answer-insuring risks that are more prone to losses than the average risk Agent/Producer - answer-a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Aggregate - answer-combined, total Applicant - answer-a person ...

A domestic insurer issuing variable contracts must establish one or more? - answer-separate accounts A insured may reject the policy all together or accept, this is called? - answer-adhesion a lender is requiring that a borrower purchases an insurance policy thought a particular insurer as a condition to the extension of credit. What is this called? - answer-unfair practice of coercion a participant in a 401K plan takes a distrubiton and rolls inover to an IRA within 60 days. Is the amo...

_________ review is a set of formal techniques for monitoring the use or clinical necessity of health care, or for determining if an exclusion applies or a treatment is medically necessary. - answer-Utilization ______________ is a form of whole life in which the insurance company can change the premiums or interest rate being credited to the account based on current money market rates. - answer-Current Assumption Whole Life A life insurance applicant's answers on the application indicat...

Agents Report - answer-Personal Observations Aleatory Contract - answer-Exchange of unequal amounts of values Application - answer-The main source of underwriting Attending Physician's Statement (APS) - answer-Doctor's Records Needs written consent Beneficiary - answer-Insured Buyers Guide - answer-Basis and Generic information about life insurance policies offered at the time of application Competent Parties - answer-Parties to a contract must be capable of entering a c...

when does a certificate of authority expire - answer-June 30th when do you report administrative actions - answer-within 30 days Penalty for license denial, suspension, or revocation - answer-3,000 Penalties for falsifying books/documents - answer-maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - answer-3000 maximum per violation 30,000 maximum aggregate 30,000 insurer maximum per 750,000 insurer maximum aggregate ...

A license is deemed to be used for controlled business if, during any 12 month period, the total premiums on controlled business ____ the total premiums on all other business. - answer-Exceed A producer must remit premiums to insurer within ____ days after receipt. - answer-45 A producer must return all premium to the insured within ____ days. - answer-30 After the policy has been in force ____ year, the insurer may not deny death benefits (other than accidental death) due to suicide. -...

$100 - answer-All group and individual health plans issued in Colorado that provide coverage for hospital, surgical, or medical expenses must cover diabetes, including equipment, supplies, and, when administered by a professional diabetes expert, outpatient self-management training and education. This includes how much $ for a 30-day insulin supply? $3,000 - answer-The Commissioner may assign penalties in addition to those authorized by law, including: fine the producer up to $? for the viola...

The individual has earned the designation from a for-profit organization is an example of - answer-individuals when using senor-specific designations The insured may purchase additional coverage at the attained age. The insured may purchase additional insurance up to the amount specified in the base policy. It allows the insured to purchase additional amounts of insurance without proving insurability only at specified dates or events. - answer-guaranteed insurability rider The minimum in...

Applied Research - answer-scientific study that aims to solve practical problems. Basic Research - answer-pure science that aims to increase the scientific knowledge base. Behavioral Psychology - answer-the scientific study of observable behavior, and its explanation by principles of learning. Behaviorism - answer-the view that psychology (1) should be an objective science that (2) studies behavior without reference to mental processes. • Most research psychologists today agree with (...

Biological Psychology - answer-a branch of psychology that studies the links between biological (including neuroscience and behavior genetics) and psychological processes. Biopsychosocial Approach - answer-an integrated approach that incorporates biological, psychological, and social-cultural levels of analysis. Clinical Psychology - answer-a branch of psychology that studies, assesses, and treats people with psychological disorders. Cognitive Neuroscience - answer-the interdisciplinary...