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A whole life insurance policyowner does not wish to continue making premium payments. Which of the following enables the policyowner to sell the policy for more than its cash value? - Life settlement contract What is the maximum number of employees (earning at least $5,000) that an employer can have in order to start a simple retirement plan? - 100 A term life rider offer the insured - Additional coverage The Department of business regulations may revoke a producer's license for e...

What is insurance? - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - Pure risk is when you'll lose it all or there will be no change. Speculative risk you can either win or lose. What is peril? - peril is the causes of loss insured against in an insurance policy What is hazard? - conditions that increase the probability of something bad happening ...

The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 - Ans C. 30 A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker - Ans C. Business entity An individual applying for an insura...

Which of the following is a standard provision of the conversion privileges in a Group Life Policy? - Group Life coverage can be converted to an individual policy without providing evidence of insurability It is a legitimate insurance marketing practice to obtain business from a competitor by all of the following means, EXCEPT - agreeing to reduce commissions in order to obtain a sale What is the best description of an Insurer? - person or company that underwrites an insurance risk and ...

Health Care Accounts and Dependent Care Accounts - >>> What are the 2 types of Flexible Spending Accounts? Cash value is guaranteed - >>> Concerning a Whole Life Policy, which of the following statements is correct? Unearned premiums are retained by the insurance company - >>> According to the Rights of Renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT Assets - >>...

physician expenses - Medicare Part B covers disability physician expenses hospitalization long-term care 3 - A producer must complete ___ hour(s) of ethics per continuing education reporting period. $500 per violation - What is the maximum fine that can be imposed by the Commissioner to a producer who violates an insurance law? premium - A(n) __________ is a consideration or payment for insurance coverage. Ensures that claims filed against insolvent insurance companies will b...

Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. He then becomes disabled from an accident on February 1 and the disability last until July 1 the same year. She will become eligible to receive benefits starting on? - March 1. The elimination period is the period of time between the onset of a disability, and the time you're eligible for benefits. It is best thought of as a deductible. ...

What age must every insurer that offers health insurance policies that provide coverage for dependent children provide that coverage? - up the the age of 26 proof of dependency - required within 31 days of the child attaining the maximum age; required annually after a 2-year period following attainment of maximum age coordination of benefits provision - limits the total amount of claims paid from all insurers covering the patient to no more than the total allowable medical expenses s...

What are the 2 types of Flexible Spending Accounts? - Ans Health care accounts and Dependent care accounts Concerning a Whole Life Policy, which of the following statements is correct? - Ans Cash value is guaranteed According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT - Ans Unearned premiums are retained by the insurance company

Human Resource Management (HRM) - - refers to policies, practices and systems that influence employees' behaviors, attitudes and performance - Many companies refer to HRM as involving "people practices." - HR professionals have to be able to use and analyze data to make a business case for ideas and problem solutions - HRM may be the most important lever for companies to gain a competitive advantage over both domestic and foreign competitors