Shared Flashcard Set

Details

Missouri Life/Health Insurance
Chapter 16-
15
Other
Professional
01/13/2011

Additional Other Flashcards

 


 

Cards

Term
One of the duties of the Director of Insurance is to prescribe the forms and procedures to be followed by the Department of Insurance. (T or F)
Definition
-True
Term
A producer who knowingly violates any state insurance law may have his/her license revoked. (T or F)
Definition
True
Term
A preexisting condition may be excluded for a period of ______ _____ when an individual is covered by the Missouri Health Insurance Pool.
Definition
-12 months
Term
Credit life and Group life insurers must comply with the Missouri replacement regulations. (T or F)
Definition
-False
Term
If the Department of Insurance denies a license, the applicant may request a _____ within _____ days of the denial.
Definition
-hearing, 30
Term
Every insurer writing business in Missouri must receive a ______ of _____ .
Definition
Certificate Authority
Term
The free look period is _______ days for LTC and Medicare Supplement policies.
Definition
-30
Term
If an insurer attempts to settle a claim for less than what an insured is entitled, then that insurer is guilty of an ____ ______ ______
Definition
Unfair Claim Settlement
Term
Insurers must notify the Director of either appointments or termination of agents within ____ _____.
Definition
30 days
Term
A producer must notify the Director of Insurance of any change of residence or business address within _____ ____ .
Definition
30 days
Term
Making a false statement about the benefits of the nature of the policy is known as a _______.
Definition
Misrepresentation
Term
Producers in Missouri are held responsible in a _____ _____ for any money collected from an insured.
Definition
-Fiduciary capacity
Term
Licensed life & health producers must complete _____ hours of continuing education every _____ years.
Definition
16, 2
Term
Completed continuing education course work that is in excess of the requirements may be carried forward for credit during the next license renewal period. (T or F)
Definition
-True
Term
A producer's license renews _____ on the anniversary date of its issuance.
Definition
Biennially
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