8 - Maryland Laws and Rules Pertinent
to Insurance Test. Questions with
Correct Verified Answers. Graded A
A Maryland insurance producer solicits a life insurance policy. In the event
of a controversy between the insured and the company, the producer is
considered to represent the – ANS company
A nonprofit health service plan may NOT issue a contract that covers which
of the following types of benefits - ANS Disability income benefits
A person who, for a fee, gives advice or recommendations on benefits
provided by an insurance contract is called - ANSan advisor
A policy of life insurance may NOT be delivered unless the policy has a -
ANSlegible and brief description of the policy on the first page
A producer who is licensed in Maryland but resident in another state is
called a - ANSnonresident producer
A producer who sells an individual life insurance policy in Maryland MUST
deliver to the policyowner - ANSA Policy Summary and Buyer's Guide
1
, A SHOP Exchange Navigator may seek to replace a health benefit plan
already offered by a small employer if - ANSthe small employer is eligible
for a Federal tax credit available only through the SHOP Exchange
After completing an application for insurance, the insurance producer
collects the premiums but deposits the check in the insurance producer's
checking account. What crime has been committed? - ANSFraud
After the date of marriage, an insurer is REQUIRED to provide what
MINIMUM period of time for an employee to add a new spouse to a small
group health plan? - ANS60 days
All advertisements for health insurance shall make clear the identity of the -
ANSinsurer
All of the following are considered to be fraud EXCEPT - ANS
An employer may qualify for health care tax credits through SHOP
Marketplace if that employer has fewer than how many employees? -
ANS25
An employer may qualify for health care tax credits through SHOP
Marketplace if that employer has fewer than how many employees? -
ANSat least the standard plan
An employer MUST have how many employees for a terminated employee
to be eligible for COBRA? - ANS20
2
to Insurance Test. Questions with
Correct Verified Answers. Graded A
A Maryland insurance producer solicits a life insurance policy. In the event
of a controversy between the insured and the company, the producer is
considered to represent the – ANS company
A nonprofit health service plan may NOT issue a contract that covers which
of the following types of benefits - ANS Disability income benefits
A person who, for a fee, gives advice or recommendations on benefits
provided by an insurance contract is called - ANSan advisor
A policy of life insurance may NOT be delivered unless the policy has a -
ANSlegible and brief description of the policy on the first page
A producer who is licensed in Maryland but resident in another state is
called a - ANSnonresident producer
A producer who sells an individual life insurance policy in Maryland MUST
deliver to the policyowner - ANSA Policy Summary and Buyer's Guide
1
, A SHOP Exchange Navigator may seek to replace a health benefit plan
already offered by a small employer if - ANSthe small employer is eligible
for a Federal tax credit available only through the SHOP Exchange
After completing an application for insurance, the insurance producer
collects the premiums but deposits the check in the insurance producer's
checking account. What crime has been committed? - ANSFraud
After the date of marriage, an insurer is REQUIRED to provide what
MINIMUM period of time for an employee to add a new spouse to a small
group health plan? - ANS60 days
All advertisements for health insurance shall make clear the identity of the -
ANSinsurer
All of the following are considered to be fraud EXCEPT - ANS
An employer may qualify for health care tax credits through SHOP
Marketplace if that employer has fewer than how many employees? -
ANS25
An employer may qualify for health care tax credits through SHOP
Marketplace if that employer has fewer than how many employees? -
ANSat least the standard plan
An employer MUST have how many employees for a terminated employee
to be eligible for COBRA? - ANS20
2
