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After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?
File written proof of loss
Which of these factors help determine an insured's life insurance premium?
Avocation (hobby)
The Life and Health Guaranty Corporation provides funds to carry out its powers and duties byÂ
assessing
Member insurers
Lifetime protection
A limited payment whole life policy provides
Decreasing term life
The least expensive option to pay off a 30-year mortgage balance would be?
May never raise premiums
In contrast to a guaranteed renewable policy, a noncancellable policy
What is an insurance policy's grace period?
Period of time after the premium is due but the policy remains in force
The standard grace period for a life insurance policy sold in Maryland is
30 days
Which of the following is NOT a requirement for soliciting insurance in Maryland?
At least 21 years old
Which type of plan would be most appropriate for an individual on Medicare and is concernedÂ
that Medicare will NOT pay for charges exceeding the approved amount?
Medicare supplement Plan F
A securities license is required for a life insurance producer to sell
Variable life insurance
What is the contract called that is issued to an employer for a Group Medical Insurance Plan?
Master policy
In regards to a life insurance contract, which of the following statements is NOT true regardingÂ
the concept of insurable interest?
Insurable interest can be established sufficiently by sentimental attachment alone
Which of the following is NOT information found in a life insurance buyer's guide?
How to take legal action against an insurance company
The premium for a Modified whole life policy is?
Lower than the typical whole life policy during the first few years and then higher than typicalÂ
for the remainder
A producer who is licensed in Maryland but resident in another state is called a?
Nonresident producer
Justin is receiving disability income benefits from a group policy paid for by his employer. HowÂ
are these benefits treated for tax purposes?
Taxable income
Excludes payments for a short-term illness or injury
The waiting period for a disability insurance policy
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