Copy Of Washington Regulation Quiz

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1. In health insurance- A guaranteed renewable policy must be renewed by the insurer if the insured pays the required premium, but the insurer may ___ rates by class.

Explanation

A guaranteed renewable policy in health insurance must be renewed by the insurer as long as the insured pays the required premium. However, the insurer has the option to decrease rates by class. This means that the insurer can lower the premium rates for certain groups or categories of insured individuals, based on factors such as age, location, or health condition. This allows the insurer to adjust rates to better reflect the risk associated with different groups, potentially making coverage more affordable for some policyholders.

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About This Quiz
Copy Of Washington Regulation Quiz - Quiz

This quiz, titled 'Copy of Washington Regulation Quiz', assesses knowledge on the Fair Credit Reporting Act (FCRA), focusing on its purpose, types of reports, and liabilities for violations.... see moreIt is designed to enhance understanding of consumer rights and legal responsibilities in credit reporting. see less

2. In General Insurance- The authority a principal intends to grant to an agent by means of the agent's contract. (Authority written in the contract. This is?

Explanation

The given explanation states that the authority granted to an agent is written in the contract. This implies that the principal explicitly expresses the authority they intend to give to the agent. Therefore, the correct answer is B. Expressed Authority.

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3. Fill in the blanks. In health insurance- a nable policy may not be canceled by the insurer for any reason during its term, except for _____ of the premium, nor can the insurer change any of the policy;s provisions or terms, including rates. 

Explanation

A nable policy in health insurance cannot be canceled by the insurer for any reason during its term, except for nonpayment of the premium. Additionally, the insurer is not allowed to make any changes to the policy's provisions or terms, including rates.

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4. In General Insurance- Authority that is not written in contract, but which the agent is assumed to have in order to transact the business of insurance for the principal. ___ authority in incidental and derives from express authority since not every single detail of an agent's authority can be spelled out in a written contract.

Explanation

Implied authority refers to the authority that is not explicitly stated in a contract but is assumed to exist in order for the agent to conduct insurance business on behalf of the principal. It is derived from express authority, as it is not possible to include every single detail of an agent's authority in a written contract. This type of authority is incidental and is assumed to exist based on the agent's role and responsibilities. Therefore, option A, Implied Authority, is the correct answer.

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5. Fill in the blanks. If a policyowner returns a new accident and health insurance policy within _____ days of delivery, the insurer must make a full refund of the premium within 30 days, or a 10% penalty applies.

Explanation

If a policyowner returns a new accident and health insurance policy within 10 days of delivery, the insurer must make a full refund of the premium within 30 days, or a 10% penalty applies.

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6. In General Insurance- The appearance/assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal has created. Example: if an agent uses insurer's stationery when soliciting coverage, an applicant may believe the agent is authorized to transact insurance on behalf of the insurer. This is?

Explanation

Apparent authority refers to the assumption of authority by an agent based on the actions, words, or deeds of the principal or due to circumstances created by the principal. In the given example, the agent's use of the insurer's stationery may lead the applicant to believe that the agent is authorized to conduct insurance transactions on behalf of the insurer. This demonstrates the concept of apparent authority, where the agent appears to have the authority to act on behalf of the principal even if they do not have explicit authorization (expressed authority). Therefore, the correct answer is C. Apparent Authority.

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7. The free look starts at _____ delivery.

Explanation

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8. Fill in the blank(s)- In General Insurance- A _____ is an agreement between two or more parties enforceable by law.

Explanation

In general insurance, a contract is an agreement between two or more parties that is legally enforceable. This means that all parties involved are bound by the terms and conditions outlined in the contract and can take legal action if any party fails to fulfill their obligations. In the context of general insurance, a contract is typically formed between an insurance company and an individual or business seeking insurance coverage. The contract outlines the terms of the insurance policy, including the coverage provided, the premium to be paid, and the responsibilities of both parties.

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9. True or False? A health care service contractor refers to any corporation, cooperative group, or association, which is sponsored by or otherwise intimately connected with a provider or group of providers, who not otherwise being engaged in the insurance business, accepts prepayments for health care services from or for the benefit of persons or groups of persons as consideration from providing such persons with any health care services.

Explanation

A health care service contractor refers to any organization that is connected to a provider or group of providers and accepts prepayments for health care services. This organization is not engaged in the insurance business but provides health care services in exchange for these prepayments. Therefore, the statement is true.

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10. Check all that apply. In General Insurance- Elements of a legal contract: in order for insurance contracts to be legally binding, they must have 4 essential elements-

Explanation

The correct answer is "Agreement-Offer/ Acceptance, Consideration, Competent Parties, Legal Purpose". In order for insurance contracts to be legally binding, all four of these essential elements must be present. Agreement refers to the offer and acceptance of the insurance contract terms. Consideration is the exchange of something of value between the parties involved. Competent parties are individuals who have the legal capacity to enter into a contract. Lastly, the contract must have a legal purpose, meaning it cannot be for an illegal or prohibited activity.

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11. A health care service contractor is not the same thing as a ____ administrator. Blue Cross/Blue Shield is an example of health care service contractor.

Explanation

A health care service contractor is not the same thing as a third-party administrator. Blue Cross/Blue Shield is an example of a health care service contractor. This means that Blue Cross/Blue Shield is not a third-party administrator, but rather a different type of entity within the healthcare industry.

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12. In General Insurance- There must be a definite offer by one party and the other party must accept this offer in its exact terms. In insurance the applicant usually makes the offer when submitting their application. Acceptance takes place when an insurer's underwriter approves the application and issues the policy. This is?

Explanation

In general insurance, the concept of offer and acceptance is applicable. The applicant makes an offer by submitting their application, and the acceptance occurs when the insurer's underwriter approves the application and issues the policy. This means that both parties have agreed to the terms of the insurance contract, making option B, Offer and Acceptance, the correct answer.

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13. In General Insurance- The binding force in any contract, and is something of value that each party gives to the other. Example ___ of the insured is payment of premium and ___ of insurer is the promise to pay in the event of a loss.

Explanation

Consideration is the correct answer because it refers to something of value that each party gives to the other in a contract. In this case, the example of consideration for the insured is the payment of premium, while the example of consideration for the insurer is the promise to pay in the event of a loss. Consideration is an essential element of a contract as it ensures that both parties have something to gain or lose, which helps to create a legally binding agreement.

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14. Check all that apply. A Health Care Service Contractor or HMO cannot deny coverage based upon a person's ___, ____, or ____ disability.

Explanation

A Health Care Service Contractor or HMO cannot deny coverage based upon a person's sensory, mental, or physical disability. This means that regardless of whether a person has a disability related to their senses, their mental health, or their physical abilities, they are entitled to receive coverage and cannot be denied based on these factors.

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15. In General Insurance- The parties of a contract must be capable of entering into a contract in the eyes of the law. Both parties must be of legal age, mentally competent, and not using drugs or alcohol. 

Explanation

In General Insurance, it is important for the parties of a contract to be capable of entering into a contract legally. This means that both parties must meet certain requirements. They must be of legal age, which means they must be above the age specified by the law to be considered adults. They must also be mentally competent, meaning they have the mental capacity to understand the terms and obligations of the contract. Additionally, they must not be under the influence of drugs or alcohol, as this may impair their judgment and ability to make informed decisions. Therefore, the correct answer is C. Competent Parties.

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16. HMOs (Health Maintenance Organizations) or PPOs (Preferred Provider Organizations) are written as prepaid service plans, where service providers are paid  directly.

Explanation

HMOs and PPOs are both types of prepaid service plans in which service providers are paid directly. This means that the healthcare providers receive payment from the HMO or PPO directly, rather than the patient having to pay out-of-pocket and then seek reimbursement. This system helps to streamline the payment process and ensure that healthcare providers are compensated for their services. Therefore, the statement "HMOs or PPOs are written as prepaid service plans, where service providers are paid directly" is true.

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17. In General Insurance- The purpose of the contract must be legal and not against public policy. To ensure ____ of a life insurance policy for example it must have both: insurable interest and consent. A contract without a ___ is considered void, and cannot be enforced by any party. 

Explanation

The purpose of the contract in general insurance must be legal and not against public policy. This means that the contract must not involve any illegal activities or go against the principles of public welfare. In the context of a life insurance policy, in order for it to be valid and enforceable, it must have both insurable interest and consent. However, even if a contract has these elements, if its purpose is illegal or against public policy, it is considered void and cannot be enforced by any party. Therefore, the correct answer is D. Legal Purpose.

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18. Fill in the blanks. Chemical dependency is defined as the psychological or physiological addiction to _____ substances and/or alcohol.

Explanation

Chemical dependency is defined as the psychological or physiological addiction to controlled substances and/or alcohol. This means that individuals who are chemically dependent have developed a reliance on substances that are regulated and controlled by law. These substances can include prescription medications, illicit drugs, and alcohol. The term "controlled" refers to the legal restrictions placed on these substances due to their potential for abuse and addiction.

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19. In General Insurance-  ___ is a provision in an insurance policy that states that in an event of loss, an insured or beneficiary is permitted to collect only to the extent of the financial loss, and is not allowed to gain financially because of the existence of an insurance contract. The purpose of insurance is to restore, but not let an insured or a beneficiary  profit from the loss. 

Explanation

The correct answer is C. Indemnity (Sometimes referred as reimbursement). Indemnity is a provision in an insurance policy that ensures the insured or beneficiary is only compensated for the financial loss suffered and not allowed to make a profit from the loss. The purpose of insurance is to restore the insured to their original financial position before the loss occurred, not to provide a financial gain. This principle of indemnity helps maintain fairness and prevent moral hazard in insurance contracts.

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20. True or False. All group insurance plans, health care service contracts, and HMO agreements may choose to deny coverage for the treatment of chemical dependency rendered by an approved treatment plan.

Explanation

All group insurance plans, health care service contracts and HMO agreements must provide coverage for chemical dependency.

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21. Group HMO coverage is convertible for ___ days following the date a person's eligibility for group coverage terminates.

Explanation

Group HMO coverage is convertible for 31 days following the date a person's eligibility for group coverage terminates. This means that individuals have a 31-day window after their eligibility for group coverage ends to convert their coverage to an individual policy without having to provide evidence of insurability. After this 31-day period, they may still be able to convert their coverage, but they would have to go through the underwriting process and may be subject to certain limitations or exclusions.

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22. In General Insurance- It is not always practical or necessary to state every direct and indirect provision or coverage offered by an insurance policy. If an agent implies through advertising, sales literature or statements that these provisions exist, an insured could reasonably expect coverage. 

Explanation

The explanation for the answer choice C, Reasonable Expectations, is that this principle acknowledges that insurance policies do not always explicitly state every provision or coverage offered. Instead, if an agent implies or suggests through advertising, sales literature, or statements that certain provisions exist, the insured can reasonably expect to have coverage for those provisions. This principle ensures that insured individuals are not misled or left without coverage due to ambiguous or undisclosed information.

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23. Group disability insurance is convertible to individual coverage without proof of insurability for __ days after coverage is terminated.

Explanation

Group disability insurance is convertible to individual coverage without proof of insurability for 31 days after coverage is terminated. This means that individuals who have group disability insurance can choose to convert their coverage to individual coverage within 31 days of their group coverage ending, without having to provide proof of their insurability.

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24. In General Insurance- The principal of ___ implies that there will be no fraud, misrepresentation or concealment between the parties, The insured is expected to provide accurate information in the application for insurance, and the insurer must clearly and truthfully describe policy features and benefits and must not conceal or mislead the insured. 

Explanation

The principle of Utmost Good Faith implies that there will be no fraud, misrepresentation, or concealment between the parties involved in a general insurance contract. Both the insured and the insurer have certain obligations under this principle. The insured is expected to provide accurate information in the application for insurance, while the insurer must clearly and truthfully describe policy features and benefits and must not conceal or mislead the insured. This principle ensures transparency and honesty in the insurance relationship.

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25. Check all that apply. A HCSC (Health Care Service Contractor) must include a _______, a ______, and a ______ in their conversion plans.

Explanation

A HCSC (Health Care Service Contractor) must include a major medical plan, comprehensive medical plan, and basic medical plan in their conversion plans. These three types of medical plans provide different levels of coverage and are essential for ensuring that individuals have access to necessary healthcare services. The major medical plan typically covers a wide range of medical expenses, including hospital stays and surgeries. The comprehensive medical plan provides coverage for a broader range of medical services, including preventive care and prescription medications. The basic medical plan offers essential coverage for basic healthcare needs, such as doctor visits and emergency care. By including all three types of plans, the HCSC can ensure that individuals have access to the necessary healthcare services they need.

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26. Medical expense insurance policies that provide coverage for dependent children must cover newborns from the ___ of birth, including coverage for congenital birth defects.

Explanation

Medical expense insurance policies that provide coverage for dependent children must cover newborns from the moment of birth, including coverage for congenital birth defects. This means that as soon as the child is born, they are eligible for coverage under the policy. The term "moment" emphasizes the immediacy of coverage, indicating that there is no waiting period or delay in providing insurance benefits for newborns.

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27. HMO coverage provided for dependents may require notification of the birth or adoption and payment of any additional required premium within __ days.

Explanation

HMO coverage provided for dependents may require notification of the birth or adoption and payment of any additional required premium within 60 days. This means that if a dependent is added to the HMO coverage due to birth or adoption, the policyholder must inform the insurance company and pay any necessary additional premium within 60 days. Failing to do so may result in the dependent not being covered under the HMO plan.

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28. A producer involved in the issuance of an insurance contract must report to the insurer ___ amount of consideration charged as premium for the contract.

Explanation

The correct answer is D. exact. When a producer is involved in the issuance of an insurance contract, they must report the exact amount of consideration charged as a premium for the contract to the insurer. This means that they need to provide the precise and accurate information regarding the premium amount, without any rounding or approximation.

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29. In General Insurance- ___ is an absolutely true statement upon which the validity of the insurance policy depends. Breach of  __ can be considered grounds for voiding the policy or a return of premium. Because of such a strict definition, statements made by applicants for life and health insurance policies, for example, are usually not considered ___ warranties, except in cases of fraud. 

Explanation

A warranty is an absolutely true statement upon which the validity of the insurance policy depends. Breach of a warranty can be considered grounds for voiding the policy or a return of premium. Because of such a strict definition, statements made by applicants for life and health insurance policies, for example, are usually not considered warranty, except in cases of fraud.

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30. True or False. Premium amounts collected must be stated in the contract and in the records of the insurance agent?

Explanation

Premium amounts collected must be stated in the contract and in the records of the insurance agent to ensure transparency and accountability. This allows both the insurance agent and the policyholder to have a clear understanding of the financial aspects of the insurance agreement. It also helps in preventing any potential disputes or misunderstandings regarding the premium payments. By stating the premium amounts in the contract and maintaining records, the insurance agent can provide accurate information to the policyholder and regulatory authorities when required.

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31. In General Insurance- ___ is a legal term for the intentional  withholding of information of a material fact that is crucial in making a decision. In insurance concealment is the withholding of information by the applicant that will result in an imprecise underwriting decision. ___ may void policy.

Explanation

Concealment is the correct answer because it refers to the intentional withholding of information, specifically in the context of insurance. When an applicant fails to disclose important information that would impact the underwriting decision, it is considered concealment. This can result in the voiding of the insurance policy. Misrepresentation, on the other hand, refers to providing false information, while representation is a more general term that encompasses both concealment and misrepresentation. Warranty is not applicable in this context, and fraud is a broader term that includes intentional deception beyond just concealment.

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32. True or False? Agents who (if not entitled to) diverts or appropriates funds received in a fiduciary capacity or any portion to his/her own use is not guilty of anything.

Explanation

Agents who behave in this manner are guilty by larceny, by embezzlement.

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33. True or False? In General Insurance- Amanda files for insurance, the agent asks if she's seen a doctor with in 3 years, she says yes a dermatologist three months ago, however, she neglects to mention that she had seen a a cardiologist in the same three year period, but omitted that. This is fraud.

Explanation

This is an example of concealment.

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34. Check all that apply. A producer may receive the following compensation.

Explanation

A producer may receive compensation in the form of a commission paid by the insurer, a fee paid by the insurer, or a combination of commissions and a fee paid by the insurer.

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35. In General Insurance- ___ is the intentional misrepresentation or intentional concealment of a material fact. Used to induce another party to make or refrain from making a contract, or to deceive or cheat a party. __ is grounds for voiding an insurance contract. 

Explanation

Fraud is the intentional misrepresentation or concealment of a material fact in order to deceive or cheat another party. It is used to induce someone to make or refrain from making a contract. In the context of general insurance, fraud is grounds for voiding an insurance contract.

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36. Check all that apply. If compensation received by an insurance producer dealing directly with the insured includes a fee for each policy, the producer must disclose:

Explanation

The insurance producer must disclose the full amount of fee paid by the insured because it is important for the insured to know how much they are paying for the policy. They must also disclose the full amount of commission paid because it is important for the insured to know how much the producer is earning from the sale of the policy. Additionally, they must provide an explanation of any reimbursement of fees or commissions to ensure transparency. Finally, they must disclose the full name of the insurer paying commissions to provide clarity on who is compensating the producer.

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37. Disclosures signed by both the ___ and insured must be provided before the sale of a policy.

Explanation

Before the sale of a policy, it is necessary for both the insured and the agent to sign the disclosures. This ensures that both parties are aware of and agree to the terms and conditions of the policy. The agent plays a crucial role in the sale of the policy, as they are responsible for providing information and facilitating the transaction. Therefore, it is important for the agent to sign the disclosures along with the insured.

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38. Check all that apply.  Duties of the replacing insurance company:

Explanation

The duties of the replacing insurance company include requiring the agent to provide a list of the applicant's existing life insurance or annuity contracts to be replaced, as well as a copy of the replacement to the applicant. The replacing insurance company must also send a written notice to each existing insurance company within 3 business days of receiving the application, informing them of the replacement and including a policy summary. Additionally, the replacing insurance company must provide in the policy or notice delivered to the applicant the right to a full refund of all premiums paid within 20 days of receiving the policy (Free-Look Period).

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39. Check all that apply. Replacement regulations do not apply to:

Explanation

Replacement regulations do not apply to credit life insurance, group life/annuity contracts unless solicited on an individual basis, an application to the existing insurer when exercising a contractual change or conversion privilege, proposed life insurance that replaces existing insurance under a binding or conditional receipt issued by the same company, and transactions where the replacing insurer and existing insurer are the same, subsidiaries, or affiliates.

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40. Match the following. Disclosure Definitions.
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41. A company must use a Buyer's Guide no later than __ months after approval by the NAIC.

Explanation

A company is required to use a Buyer's Guide within 6 months after it has been approved by the NAIC (National Association of Insurance Commissioners). This suggests that the NAIC has a specific timeline in place for the implementation of the Buyer's Guide, and companies must adhere to this timeline to ensure compliance with regulations.

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42. True or False? Insurers must provide a buyer's guide and a policy summary.

Explanation

Insurers are required to provide a buyer's guide and a policy summary to potential buyers. These documents help buyers understand the terms and conditions of the insurance policy and make an informed decision. The buyer's guide provides general information about insurance products, while the policy summary provides specific details about the policy being offered. By providing these documents, insurers ensure transparency and help buyers make a well-informed choice. Therefore, the statement "Insurers must provide a buyer's guide and a policy summary" is true.

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43. Check all that apply. The following are general rules for disclosures in life insurance products.

Explanation

The correct answer includes multiple rules for disclosures in life insurance products. These rules state that insurers must maintain a complete file of authorized documents for a period of 3 years, agents cannot use certain terms to describe themselves, policy summaries cannot reference dividends or non-guaranteed elements, and any statements about cost comparison indexes must include an explanation of their limitations. These rules are designed to ensure transparency and accuracy in the disclosure of information to policyholders.

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44. True or False? An illustration is a presentation that includes nonguaranteed elements of a policy over a period of years.

Explanation

An illustration is a presentation that includes nonguaranteed elements of a policy over a period of years. This means that an illustration provides a visual representation of how a policy may perform, including elements that are not guaranteed such as investment returns or dividends. It helps individuals understand the potential outcomes and benefits of a policy over time. Therefore, the statement "True" is the correct answer.

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45. Check all that apply. Life insurance illustrations must:

Explanation

Life insurance illustrations must distinguish between guaranteed and projected amounts to provide transparency to the policyholder about the potential variations in the policy's performance. They must also clearly state that the illustration is not part of the contract to prevent any misunderstandings or misinterpretations. Additionally, they need to identify those values that are not guaranteed as such, ensuring that the policyholder is aware of the potential risks involved. Identifying all policy provisions is necessary to provide a comprehensive understanding of the policy terms and conditions.

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46. True or False. In Washington State Life insurance policy illustrations must adhere to guidelines set forth by the Office of teh Commissioner. 

Explanation

In Washington State, life insurance policy illustrations are required to follow the guidelines established by the Office of the Commissioner. This means that insurance companies must provide accurate and transparent information in their policy illustrations, ensuring that consumers have a clear understanding of the terms and benefits of the policy. Adhering to these guidelines helps protect consumers from misleading or deceptive practices in the life insurance industry. Therefore, the statement "True" is correct.

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47. Check all that apply. Excluded from illustration guidelines:

Explanation

The excluded items from the illustration guidelines include variable life insurance, individual/group policies, annuity contracts, credit life insurance, and policies with no illustrated death benefit on any individual exceeding $100.

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48. "Applicant" means:

Explanation

The term "applicant" refers to both A and C options. In the case of an individual medicare supplement insurance policy, the applicant is the person who is seeking to contract for insurance benefits. In the case of a group medicare supplement insurance policy, the applicant is the proposed certificate holder. Therefore, both options A and C accurately define the term "applicant."

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49.  "Certificate" means:

Explanation

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50.  "Disability insurance" is

Explanation

The correct answer is C. This option provides a comprehensive definition of disability insurance, stating that it includes insurance against bodily injury, disablement or death by accident, disablement resulting from sickness, and any other insurance relating to disability. It also clarifies that disability insurance can be offered by any issuer.

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51. "Health care expense costs," means: 

Explanation

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52. "Policy" means: 

Explanation

The correct answer is A because "policy" refers to agreements or contracts issued by any issuer. This definition encompasses the general understanding of what a policy is in the context of insurance or other contractual agreements. The other options provided in the question do not accurately define what "policy" means.

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53. "Policy form" means:

Explanation

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54. "Premium" means: 

Explanation

The correct answer is B because it accurately defines "premium" in the context of a medicare supplement insurance policy. It states that premium includes all sums charged, received, or deposited as consideration for the policy, as well as any additional fees or charges made by the issuer. It also explains that "earned premium" refers to the premium applicable to an accounting period, regardless of when it was received. This definition aligns with the common understanding of premium in insurance terminology.

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55. "Prestandardized medicare supplement benefit plan," means: 

Explanation

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56. "Replacement" means: 

Explanation

The correct answer is C. "Replacement" refers to any transaction where new medicare supplement coverage is being purchased, and it is known or should be known to the insurance producer or issuer that existing medicare supplement coverage has been or will be terminated. This means that when a person is purchasing new medicare supplement coverage, the insurance producer or issuer should be aware if the person already has an existing coverage that will be terminated.

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57. "Benefit period" or "medicare benefit period"

Explanation

The correct answer is A. "Benefit period" or "medicare benefit period" may not be defined more restrictively than as defined in the medicare program. This means that any definition of "benefit period" or "medicare benefit period" in a policy or certificate cannot impose more limitations or restrictions than what is already defined in the medicare program. This ensures that individuals receiving medicare benefits are not unfairly limited in their coverage.

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58. "Medicare eligible expenses" means:

Explanation

"Medicare eligible expenses" refers to the expenses that are covered by Medicare Parts A and B. These expenses must be recognized as reasonable and medically necessary by Medicare. This means that the expenses should be of the types that are typically covered by Medicare and are deemed necessary for the patient's medical care. Option B accurately describes this definition of "Medicare eligible expenses."

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59. What is the Fair Credit Reporting Act Purpose?

Explanation

The Fair Credit Reporting Act (FCRA) has two main purposes. First, it establishes procedures that consumer-reporting agencies must follow to ensure that records are confidential, accurate, relevant, and properly used. This helps protect consumers' privacy and ensures that the information reported about them is correct. Second, the FCRA protects consumers against the circulation of inaccurate or obsolete personal and financial information. This helps prevent individuals from being unfairly judged or denied opportunities based on incorrect or outdated information. Therefore, both options A and B are correct as they accurately describe the purposes of the FCRA.

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60. Check all that apply. Buyer's Guide

Explanation

Issuers of disability insurance policies or certificates that provide hospital or medical expense coverage to Medicare-eligible individuals must provide them with the "Guide to Health Insurance for People with Medicare" pamphlet. This pamphlet is developed jointly by the National Association of Insurance Commissioners and the Centers for Medicare and Medicaid Services (CMS). The guide must be easily readable by an average Medicare-eligible person and must have a minimum type size of 12 points. This requirement applies regardless of whether the policies or certificates are advertised, solicited, or issued as Medicare supplement insurance policies.

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61. Reports fall into what categories?

Explanation

Consumer reports and investigative consumer reports are two distinct categories of reports. Consumer reports provide information about products and services to help consumers make informed decisions. Investigative consumer reports, on the other hand, gather information about individuals' character, reputation, and personal characteristics for employment or insurance purposes. The correct answer, D, indicates that reports can fall into both categories, suggesting that some reports serve the purpose of providing consumer information while others focus on investigating individuals.

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62. Check all that apply. Requirements for application forms and replacement of medicare supplement insurance coverage.   

Explanation

The correct answer is that application forms must include questions about the applicant's current coverage and whether the Medicare supplement policy is intended to replace any other existing policy. Additionally, it is mentioned that you do not need more than one Medicare supplement policy and that if you are 65 or older, you may be eligible for Medicaid benefits and may not need a Medicare supplement policy. The answer also explains that if you become eligible for Medicaid after purchasing the policy, you can suspend the benefits and premiums under your Medicare supplement policy. It further states that if you have enrolled in a Medicare supplement policy due to disability and later become covered by an employer or union-based group health plan, the benefits and premiums under the Medicare supplement policy can be suspended. Lastly, it mentions that counseling services may be available to provide advice on purchasing Medicare supplement insurance and medical assistance through Medicaid.

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63.  True or False. Medical history: Any time that completion of a medical history of a patient is required in order for an application for a medicare supplement insurance policy to be accepted, that medical history must be completed by the applicant, a relative of the applicant, a legal guardian of the applicant, or a physician.

Explanation

In order for an application for a Medicare supplement insurance policy to be accepted, a medical history of the patient is required. This medical history can be completed by the applicant, a relative of the applicant, a legal guardian of the applicant, or a physician. Therefore, the statement is true.

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64. Investigative Consumer Reports:

Explanation

The correct answer is D. Both options B and C. This means that investigative consumer reports can include information obtained through an investigation and interviews with associates, friends, neighbors, as well as reports cannot be made unless the consumer is advised in writing about the report within 3 days of the date the report was requested.

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65.   Prohibition against preexisting conditions, waiting periods, and probationary periods in replacement policies or certificates.

Explanation

Both options A and B are correct because they both state that if a medicare supplement policy or certificate replaces another policy, the replacing issuer must waive any time periods applicable to preexisting conditions, waiting periods, elimination periods, and probationary periods. Option A specifically mentions that this applies to the extent that the time was spent under the original policy, while option B adds the condition that the original policy must have been in effect for at least three months. Therefore, both options A and B provide the same prohibition against preexisting conditions, waiting periods, and probationary periods in replacement policies or certificates.

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66. Someone unknowingly violating the Fair Credit Reporting Act (FCRA) is liable for?

Explanation

If someone unknowingly violates the Fair Credit Reporting Act (FCRA), they are liable for equal loss and attorney fees. This means that they would be responsible for compensating any losses suffered by the affected party, as well as covering the legal expenses incurred by the plaintiff in pursuing legal action. This is to ensure that individuals are held accountable for any violations of the FCRA, even if they were unaware of the act's provisions.

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67. True or False. Attained age rating prohibited: The commissioner has found and defines it to be an unfair act or practice and an unfair method of competition, and a prohibited practice, for any issuer, directly or indirectly, to use the increasing age of an insured, subscriber, or participant as the basis for increasing premiums or prepayment charges with respect to medicare supplement insurance. Accordingly, the rating practice commonly referred to as "attained age rating" is prohibited.

Explanation

The statement clearly states that the commissioner has defined "attained age rating" as an unfair act and practice, and prohibits issuers from using it as the basis for increasing premiums or charges for Medicare supplement insurance. Therefore, the correct answer is True.

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68. Knowingly obtaining information information on a consumer from a Consumer Reporting Agency under false pretenses you may...

Explanation

Knowingly obtaining information on a consumer from a Consumer Reporting Agency under false pretenses is a violation of privacy and can be considered as fraud. In such cases, the individual may be subject to imprisonment for a maximum period of 2 years. This punishment is meant to deter individuals from engaging in fraudulent activities and protect the privacy and security of consumers' information.

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69. Every issuer marketing medicare supplement insurance coverage in this state, directly or through its producers, must:

Explanation

The correct answer includes multiple requirements that issuers marketing medicare supplement insurance coverage must fulfill. They need to establish marketing procedures to ensure that any comparison of policies or certificates by their insurance producers is fair and accurate. They also have to establish procedures to prevent the sale or issuance of excessive insurance. Additionally, they must prominently display a notice on the first page of the policy or certificate stating that it may not cover all medical expenses. Lastly, they are required to inquire and make reasonable efforts to identify if a prospective applicant already has disability insurance and the details of such coverage.

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70. ____ is a level fixed premium, investment-based product. 

Explanation

Variable Life is a level fixed premium, investment-based product. This type of life insurance policy allows policyholders to allocate a portion of their premium payments towards investment accounts, such as stocks or bonds. The cash value of the policy can fluctuate based on the performance of the investments chosen by the policyholder. Variable Life policies offer the potential for higher returns but also come with greater risk compared to other types of life insurance policies.

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71. Under FCRA if a policy is declined or modified because of the information obtained in a consumer or investigative consumer report, the consumer must:

Explanation

Under the FCRA, if a policy is declined or modified based on information from a consumer or investigative consumer report, the consumer must be notified and provided with the name and address of the reporting agency. This requirement ensures that consumers have access to the information used in the decision-making process and allows them to address any inaccuracies or disputes directly with the reporting agency. Providing this information is essential for transparency and consumer protection.

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72. In addition to the acts and practices prohibited, the commissioner has found and hereby defines the following to be unfair acts or practices and unfair methods of competition, and prohibited practices for any issuer, or their respective appointed insurance producers either directly or indirectly:

Explanation

The given answer correctly identifies and defines the three unfair acts or practices and unfair methods of competition related to insurance. Twisting refers to making false or misleading statements about insurance policies to persuade someone to change their policy. High pressure tactics involve using force or intimidation to coerce someone into buying insurance. Cold lead advertising refers to marketing methods that do not clearly disclose that the purpose is to solicit insurance and that contact will be made by an insurance producer or company. These practices are considered unfair and are prohibited by the commissioner.

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73. Consumer reports cannot contain:

Explanation

Consumer reports cannot contain bankruptcies more than 10 years old, civil suits, records of arrests, convictions of crimes, and negative information such as delinquencies, late payments, insolvency, or any other form of default. Therefore, the correct answer is D, which states that both options B and C are not allowed in consumer reports.

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74. Check all that apply. Appropriateness of recommended purchase and excessive insurance.

Explanation

The correct answers are all related to regulations and requirements for insurance producers and issuers when recommending or selling Medicare supplement policies or certificates. The first answer states that insurance producers must make reasonable efforts to determine the appropriateness of a recommended purchase or replacement. This ensures that the recommended policy is suitable for the individual's needs. The second answer prohibits the sale of multiple Medicare supplement policies or certificates to one individual, preventing excessive coverage. The third answer states that an issuer cannot issue a Medicare supplement policy or certificate to an individual enrolled in Medicare Part C until after the termination date of their Part C coverage, ensuring that there are no overlapping coverage periods.

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75. True or False? The commissioner has found and hereby defines it to be an unfair act or practice and an unfair method of competition, and a prohibited practice, for any issuer, directly or indirectly, to provide commission to an insurance producer or other representative for the solicitation, sale, servicing, or renewal of a medicare supplement policy or certificate that is delivered or issued for delivery to a resident within this state unless the commission is identical as to percentage of premium for every policy year as long as the coverage under the policy or certificate remains in force with premiums being paid, or waived by the issuer, for the coverage.

Explanation

The given statement is true. According to the commissioner, it is considered an unfair act or practice and an unfair method of competition for any issuer to provide commission to an insurance producer or representative for the solicitation, sale, servicing, or renewal of a medicare supplement policy unless the commission remains identical as a percentage of premium for every policy year, as long as the coverage remains in force and premiums are being paid or waived by the issuer.

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76. If activity jeopardizes insurer, the punishment can be up to? 

Explanation

If an activity jeopardizes the insurer, the punishment can be up to 15 years.

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77. True or False? Where an issuer provides a portion of the total commission for the solicitation, sale, servicing, or renewal of a medicare supplement policy or certificate to an insurance producer, sales manager, district representative or other supervisor who has marketing responsibilities (other than a producing or successor insurance producer), while such portion of total commissions continues to be paid it must be identical as to percentage of premium for every policy year as long as coverage under the policy or certificate remains in force with premiums being paid, or waived by the issuer, for the coverage.

Explanation

When an issuer provides a portion of the total commission for the solicitation, sale, servicing, or renewal of a Medicare supplement policy to a supervisor or manager who has marketing responsibilities, that portion of the commission must remain identical as a percentage of the premium for every policy year. This requirement applies as long as the coverage remains in force and premiums are being paid or waived by the issuer. In other words, the percentage of the commission that is paid to the supervisor or manager cannot change over time as long as the policy is active. Therefore, the statement is true.

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78. If embezzlement is less than $5,000 prison time may be reduced to...

Explanation

If the embezzlement amount is less than $5,000, the prison time may be reduced to 1 year. This suggests that there is a specific threshold for the severity of the crime, and if the amount embezzled is below that threshold, the punishment is less severe.

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79. True or False? Each commission payment must be made by the issuer no later than sixty days following the date on which the applicable premiums, that are the basis of the commission calculation, were paid. Each payment must be paid to either the producing insurance producer who originally sold the policy or to a successor insurance producer designated by the issuer to replace the producing insurance producer, or shared between them on some basis. The distribution of the commission payments must be designated by the issuer in its various insurance producers' commission agreements and it may not terminate, reduce or keep the commission payment as long as the policy or certificate remains in force with premiums being paid, or waived by the issuer, for the coverage thereunder.

Explanation

The statement correctly states that each commission payment must be made by the issuer within sixty days of the date on which the applicable premiums were paid. The payment must be made to either the producing insurance producer or a successor designated by the issuer. The distribution of commission payments must be specified in the commission agreements and cannot be terminated, reduced, or kept by the issuer as long as the policy or certificate remains in force with premiums being paid. Therefore, the answer is true.

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80. Federal law makes it illegal for any individual convicted of a crime involving dishonesty, breach of trust or a violation of the violent crime control and law enforcement act of 1994 to work in the business of insurance affecting interstate commerce without receiving a letter of consent from an insurance regulatory official, this is...

Explanation

The correct answer is C. 1033 Waiver. This is because a 1033 Waiver refers to the specific provision in federal law that allows individuals convicted of crimes involving dishonesty, breach of trust, or a violation of the violent crime control and law enforcement act of 1994 to work in the insurance industry affecting interstate commerce, provided they receive a letter of consent from an insurance regulatory official.

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81. True or False? "commission" includes pecuniary or nonpecuniary remuneration of any kind relating to the solicitation, sale, servicing, or renewal of the policy or certificate, including but not limited to bonuses, gifts, prizes, advances on commissions, awards and finders fees.

Explanation

The statement is true because "commission" refers to both pecuniary (financial) and nonpecuniary (non-financial) forms of compensation related to the solicitation, sale, servicing, or renewal of a policy or certificate. This includes various forms of remuneration such as bonuses, gifts, prizes, advances on commissions, awards, and finders fees.

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82. True or False? Commissionsdoes not apply to salaried employees of an issuer who have marketing responsibilities if the salaried employee is not compensated, directly or indirectly, on any basis dependent upon the sale of insurance being made, including but not limited to considerations of the number of applications submitted, the amount or types of insurance, or premium volume. 

Explanation

The statement is true. According to the given information, commissions do not apply to salaried employees of an issuer who have marketing responsibilities if they are not compensated based on the sale of insurance. This means that if the salaried employee's compensation is not dependent on factors such as the number of applications submitted, the amount or types of insurance, or premium volume, they are not eligible for commissions.

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83. Section 1034...

Explanation

The correct answer is C because it states that the Attorney General may bring a civil action in the appropriate U.S. district court against any person who engages in conduct that is in violation of Section 1033 and imposes penalties and injunctions for violations of Section 1033. Therefore, both options A and B are correct.

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84. What is the Code of Washington?

Explanation

The Code of Washington refers to the codified laws of the state of Washington. It is a collection of statutes that have been enacted by the Washington State Legislature. The correct answer is A. Title 48 because it indicates that Title 48 of the Code of Washington contains the relevant laws for the state of Washington.

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85. Check all that apply.  Each medicare supplement policy shall be guaranteed renewable and:

Explanation

The correct answer is that each medicare supplement policy shall be guaranteed renewable and the issuer may not cancel or nonrenew the policy solely on the ground of health status of the individual. Additionally, the issuer may not cancel or nonrenew the policy for any reason other than nonpayment of premium or material misrepresentation. This means that regardless of the individual's health status, the policy cannot be canceled or nonrenewed. The only valid reasons for cancellation or nonrenewal are nonpayment of premium or material misrepresentation.

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86. What is the Washington Administrative Code (WAC)?

Explanation

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87. How long is the Commissioner's term in Washington?

Explanation

The Commissioner's term in Washington is 4 years. This means that once elected, the Commissioner will serve a 4-year term before having to run for re-election. This allows for stability and continuity in the position, as well as providing enough time for the Commissioner to implement their policies and initiatives.

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88.  If an individual is a certificate holder in a group medicare supplement policy and the individual terminates membership in the group, the issuer must:

Explanation

If an individual is a certificate holder in a group medicare supplement policy and terminates membership in the group, the issuer must offer the certificate holder the conversion opportunity described (Option A). Additionally, at the option of the group policyholder, the issuer must offer the certificate holder continuation of coverage under the group policy (Option B). Therefore, both options A and B are correct, as stated in answer choice C.

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89. Commissioner's main duties are?

Explanation

The correct answer is D. Administration and enforcement of the rules of the Insurance Code. The main duties of a Commissioner involve overseeing the implementation and enforcement of the rules and regulations outlined in the Insurance Code. This includes ensuring that insurance companies comply with the code, investigating any violations, and taking appropriate administrative and enforcement actions. The Commissioner plays a crucial role in maintaining the integrity and fairness of the insurance industry by upholding the standards set forth in the Insurance Code.

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90. True or False? Termination of a medicare supplement policy or certificate must be without prejudice to any continuous loss which commenced while the policy was in force, but the extension of benefits beyond the period during which the policy was in force may be conditioned upon the continuous total disability of the insured, limited to the duration of the policy benefit period, if any, or payment of the maximum benefits. Receipt of medicare Part D benefits will not be considered in determining a continuous loss.

Explanation

The termination of a Medicare supplement policy or certificate must be without prejudice to any continuous loss that started while the policy was in force. However, the extension of benefits beyond the policy period may be conditioned upon the insured's continuous total disability or payment of the maximum benefits. The receipt of Medicare Part D benefits is not considered when determining a continuous loss. Therefore, the statement is true.

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91. Title 48 is the Washington Insurance Code and it...

Explanation

Title 48 of the Washington Insurance Code is designed to protect the public. This means that the regulations and provisions outlined in this code are aimed at ensuring that insurance companies operate in a fair and ethical manner, providing adequate coverage and protection to policyholders. The code likely includes regulations regarding consumer rights, claims handling procedures, and licensing requirements for insurance agents, all of which are intended to safeguard the interests of the public. Therefore, option C is the correct answer.

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92. A medicare supplement policy or certificate must provide that benefits and premiums under the policy or certificate are suspended at the request of the policyholder or certificate holder for the period not to exceed _months in which the policyholder or certificate holder has applied for and is determined to be entitled to medical assistance under Title XIX of the Social Security Act, but only if the policyholder or certificate holder notifies the issuer of the policy or certificate within ninety days after the date the individual becomes entitled to assistance.

Explanation

The correct answer is C. 24 months. The explanation for this answer is that a medicare supplement policy or certificate must provide that benefits and premiums are suspended for a period not to exceed 24 months when the policyholder or certificate holder applies for and is determined to be entitled to medical assistance under Title XIX of the Social Security Act. This suspension of benefits and premiums only applies if the policyholder or certificate holder notifies the issuer of the policy or certificate within ninety days after becoming entitled to assistance.

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93. General powers, duties and responsibilities include:

Explanation

The correct answer is I. All of the above. This is because all of the options listed in the question are general powers, duties, and responsibilities that are typically associated with the role of a commissioner in enforcing the provisions of the Insurance Code. These include following rules and regulations, conducting examinations and investigations, maintaining confidentiality, issuing cease and desist orders, issuing licenses or certificates of authority, spreading information about insurance laws, and appointing deputies.

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94. Check all that apply.  Reinstitution of coverages as described in this section:

Explanation

The correct answer is that the reinstatement of coverages described in this section must meet three requirements. First, there must not be any waiting period for the treatment of preexisting conditions. Second, the coverage must be resumed in a way that is substantially equivalent to the coverage that was in effect before the suspension. Lastly, the premiums must be classified on terms that are at least as favorable to the policyholder or certificate holder as they would have been if the coverage had not been suspended.

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95. Check all that apply. Every issuer of medicare supplement insurance benefit plans A, B, C, D, F, F with high deductible, G, M, and N must make available a policy or certificate including only the following basic "core" package of benefits to each prospective insured. An issuer may make available to prospective insureds any of the other medicare supplement insurance plans in addition to the basic core package, but not in lieu of it.

Explanation

The correct answer includes the following benefits: coverage of Part A Medicare eligible expenses for hospitalization from the 61st day through the 90th day in any Medicare benefit period, coverage of Part A Medicare eligible expenses incurred for hospitalization for each Medicare lifetime inpatient reserve day used, coverage of one hundred percent of Part A Medicare eligible expenses for hospitalization upon exhaustion of Medicare hospital inpatient coverage, coverage under Medicare Parts A and B for the reasonable cost of the first three pints of blood, coverage for the coinsurance amount of Medicare eligible expenses under Part B, and coverage of cost sharing for all Part A Medicare eligible hospice care and respite care expenses.

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96. ___ insurance is issued to the sponsoring organization and covers the lives of more than one individual member of that group. 

Explanation

Group insurance is issued to the sponsoring organization and covers the lives of more than one individual member of that group. This means that the insurance policy is obtained by an organization on behalf of its members, providing coverage for all members of the group. It allows the organization to negotiate better rates and terms with the insurance provider, making it a cost-effective option for the members.

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97. Examination of an Alien insurer may be...

Explanation

The correct answer is D. limited to its transactions in the U.S. When examining an Alien insurer, the examination is focused on the insurer's transactions within the United States. This means that the examination is limited to the insurer's activities, operations, and financial transactions that occur within the U.S. It does not consider the amount of insurance or the number of insureds. The examination is specifically concerned with the insurer's compliance with U.S. regulations and laws.

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98. Check all that apply. The following additional benefits must be included in medicare supplement benefit plans B, C, D, F, F with high deductible, G, M, and N as provided by WAC

Explanation

The correct answer includes all the additional benefits that must be included in the mentioned Medicare supplement benefit plans. These benefits include coverage for the Medicare Part A inpatient hospital deductible amount per benefit period, coverage for the coinsurance amount for posthospital skilled nursing facility care, coverage for the Medicare Part B deductible amount per calendar year, coverage for the difference between actual Medicare Part B charges and the Medicare-approved charge, and coverage for medically necessary emergency care received in a foreign country.

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99. The Commissioner may rely on an audit report from an...

Explanation

The Commissioner may rely on an audit report from an independent certified public accountant because they are professionals who have the expertise and knowledge to conduct thorough and unbiased audits. Their independence ensures that their findings and conclusions are objective and reliable. This allows the Commissioner to make informed decisions based on the audit report's findings. The IRS, on the other hand, is a government agency responsible for enforcing tax laws and collecting taxes, but they may not have the same level of expertise and independence as a certified public accountant. Therefore, option B is the correct answer.

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100. True or False? Every issuer of a standardized medicare supplement plan B, C, D, F, F with high deductible, G, K, L, M, or N issued on or after June 1, 2010, must issue to an individual who was eligible for both medicare hospital and physician services prior to January 1, 2020, without evidence of insurability, coverage under a 2010 plan B, C, D, F, F with high deductible, G, G with high deductible, K, L, M, or N to any policyholder if the medicare supplement policy or certificate replaces another medicare supplement policy or certificate B, C, D, F, F with high deductible, G, G with high deductible, K, L, M, or N or other more comprehensive coverage, including any standardized medicare supplement policy issued prior to June 1, 2010.

Explanation

Every issuer of a standardized medicare supplement plan B, C, D, F, F with high deductible, G, K, L, M, or N issued on or after June 1, 2010, is required to provide coverage to an individual who was eligible for both medicare hospital and physician services before January 1, 2020, without requiring evidence of insurability. This coverage must be provided if the medicare supplement policy replaces another medicare supplement policy or certificate B, C, D, F, F with high deductible, G, G with high deductible, K, L, M, or N or other more comprehensive coverage, including any standardized medicare supplement policy issued prior to June 1, 2010. Therefore, the statement is true.

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101. State Administrative Code makes the procedures that the...

Explanation

The State Administrative Code outlines the procedures that the office of the Insurance Commissioner must follow. This includes providing the public with full access to public records. This means that any information regarding insurance or general accounts that is considered public record must be made available to the public. Therefore, option C is the correct answer as it encompasses both insurance information and general account information.

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102. True or False? Every issuer of a standardized medicare supplemental plan B, D, G, G with high deductible, K, L, M, or N issued on or after January 1, 2020, must issue to an individual who was eligible for both medicare hospital and physician services on or after January 1, 2020, without evidence of insurability, coverage under a 2010 plan B, D, G, G with high deductible, K, L, M, or N to any policyholder if the medicare supplemental policy or certificate replaces another medicare supplemental policy or certificate B, D, G, G with high deductible, K, L, M, or N or other more comprehensive coverage.

Explanation

The statement is true because it states that every issuer of a standardized medicare supplemental plan B, D, G, G with high deductible, K, L, M, or N issued on or after January 1, 2020, must issue coverage to an individual who was eligible for both medicare hospital and physician services on or after January 1, 2020, without evidence of insurability. This coverage must be provided if the medicare supplemental policy or certificate replaces another medicare supplemental policy or certificate B, D, G, G with high deductible, K, L, M, or N or other more comprehensive coverage.

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103. True or False?  Every issuer of a standardized medicare supplement plan A issued on or after June 1, 2010, must issue, without evidence of insurability, coverage under a 2010 plan A to any policyholder if the medicare supplement policy or certificate replaces another medicare supplement plan A issued prior to June 1, 2010.

Explanation

Every issuer of a standardized medicare supplement plan A issued on or after June 1, 2010, must issue, without evidence of insurability, coverage under a 2010 plan A to any policyholder if the medicare supplement policy or certificate replaces another medicare supplement plan A issued prior to June 1, 2010. This means that if a policyholder had a medicare supplement plan A issued before June 1, 2010, and wants to replace it with a plan A issued after June 1, 2010, the issuer must provide coverage without requiring evidence of insurability. Therefore, the statement is true.

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104. A Licensee may request to have a ____ present at a hearing

Explanation

A licensee may request to have an administrative law judge present at a hearing. Administrative law judges are impartial individuals who preside over administrative hearings and make decisions based on the facts and evidence presented. They ensure that the hearing is conducted fairly and in accordance with the law.

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105. True or False? The certification must be provided to the commissioner by the insurer annually on or before March 31st. The certification must be sent via email to the producer licensing and oversight program manager in the commissioner's office. 

Explanation

The given statement is true. The certification must be provided to the commissioner by the insurer annually on or before March 31st. Additionally, the certification must be sent via email to the producer licensing and oversight program manager in the commissioner's office.

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106. Check all that apply.  Reciprocity-Application of Long-Term Care Credits to continuing education requirement: All insurance producers who sell, solicit, negotiate, or otherwise transact long-term care insurance are subject to the eight-hour, one-time long-term care training and the four-hour long-term care continuing education requirements

Explanation

Insurance producers who sell long-term care insurance are required to complete an eight-hour long-term care training and a four-hour long-term care continuing education requirement. The answer states that successful completion of long-term care training that meets the requirements in this state or any other state will satisfy the long-term care training requirement in this state. Additionally, resident insurance producers who complete long-term care insurance courses approved in this state can count those course credits towards fulfilling their Washington continuing education requirement.

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107. If an insurer, including a health care service contractor or a health maintenance organization, intends to rely on an applicant's or enrollee's answers to health questions in an application to determine eligibility for coverage or the existence of a preexisting condition, such questions must be clear and precise. Simply asking whether the applicant has been under the care of a physician during the preceding year, for example, is not sufficient to require a "yes" answer where the applicant has been using medications that were prescribed prior to the start of the preceding year and the applicant has not seen a physician for more than a year.

Explanation

The statement is true because if an insurer wants to rely on an applicant's or enrollee's answers to health questions in determining eligibility for coverage or the existence of a preexisting condition, the questions must be clear and precise. Simply asking if the applicant has seen a physician in the preceding year is not enough to require a "yes" answer if the applicant has been using medications prescribed before that time and has not seen a physician for over a year. This emphasizes the importance of asking specific and detailed questions to gather accurate information.

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108. True or False? Every health carrier that provides coverage for maternity services must permit the attending provider, in consultation with the mother, to make decisions on the length of inpatient stay, rather than making such decisions through contracts or agreements between providers, hospitals, and insurers. These decisions must be based on accepted medical practice.

Explanation

Health carriers that provide coverage for maternity services must allow the attending provider, in consultation with the mother, to decide on the length of inpatient stay. This means that the decision cannot be made through contracts or agreements between providers, hospitals, and insurers. The decisions must be based on accepted medical practice. Therefore, the statement is true.

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109. Every filing containing a certificate by the Chief Executive Officer (CEO) of the Insurer, attesting that the filing complies with the Washington Administrative Code (WAC), may be used ____ after the filing. 

Explanation

The CEO of the Insurer can use the filing immediately after submitting it, as long as it contains a certificate attesting that it complies with the Washington Administrative Code (WAC). There is no waiting period specified, so the filing can be used right away.

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110. True or False? Coverage for the newly born child must be no less than the coverage of the child's mother for no less than three weeks, even if there are separate hospital admissions.

Explanation

The statement is true because it states that the coverage for the newly born child must be no less than the coverage of the child's mother for no less than three weeks, even if there are separate hospital admissions. This means that the insurance coverage for the child cannot be less than the coverage of the mother, and it must be maintained for at least three weeks, regardless of whether the mother and child have separate hospital admissions.

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111. At the end of 30 days the form is approved unless...

Explanation

The correct answer is A. the Commissioner denies the form. This means that if the Commissioner denies the form at the end of the 30-day period, then it will not be approved. This implies that if the Commissioner does not deny the form, it will be approved. The other options (B, C, and D) do not necessarily prevent the form from being approved, as they either involve additional conditions (B and C) or are unrelated to the approval process (D).

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112. Commissioner may extend the approval period for forms by a maximum of ____ days, if notice of extension is given before expiration of 30 days.

Explanation

The correct answer is C. 15 days. The question states that the Commissioner may extend the approval period for forms by a maximum of ____ days, if notice of extension is given before expiration of 30 days. This means that the approval period can be extended for a maximum of 15 days, as long as the notice of extension is given before the initial 30-day expiration period.

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113. If extension period is over and notice of disapproval is not given, the form is deemed to be

Explanation

If the extension period is over and no notice of disapproval is given, it implies that the form has not been rejected. Therefore, it can be inferred that the form is deemed to be approved.

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114. Check all that apply. An issuer and an employee welfare benefit plan, whether insured or self funded, as defined in the employee retirement income security act may not deny enrollment of a child under the health plan of the child's parent on the grounds that:

Explanation

According to the passage, an issuer and an employee welfare benefit plan cannot deny enrollment of a child under the health plan of the child's parent based on the grounds that the child was born out of wedlock, the child is not claimed as a dependent on the parent's federal tax return, or the child does not reside with the parent or in the issuer's service area. Therefore, all of these options are correct and apply to the situation described in the passage.

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115. Commissioner can withdraw approval at...

Explanation

The correct answer is B. anytime. This means that the Commissioner has the authority to withdraw approval at any given time, without any specific timeframe or restrictions. This suggests that the Commissioner has the flexibility to revoke their approval whenever they deem necessary, regardless of how much time has passed since the initial approval was granted.

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116. True or False? Where a child does not reside in the issuer's service area, an issuer shall cover no less than urgent and emergent care. Where the issuer offers broader coverage, whether by policy or reciprocal agreement, the issuer shall provide such coverage to any child otherwise covered that does not reside in the issuer's service area.

Explanation

This statement is true. It states that if a child does not reside in the issuer's service area, the issuer is required to cover at least urgent and emergent care. Additionally, if the issuer offers broader coverage through policy or reciprocal agreement, they must provide that coverage to any child who is otherwise covered but does not reside in their service area.

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117. The Commissioner may suspend, revoke, or refuse to issue or renew a producer license; as well as fine for violations in any of the following areas:

Explanation

The correct answer is A. Laws, rules or regulations of the Insurance Code. This means that the Commissioner has the authority to suspend, revoke, or refuse to issue or renew a producer license, as well as impose fines, if there are violations of the laws, rules, or regulations outlined in the Insurance Code. This includes any violations related to insurance laws, regulations, or requirements that govern the insurance industry.

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118. Not disenroll, or eliminate coverage of, such child who is otherwise eligible for the coverage unless the issuer or insured or self funded employee welfare benefit plan is provided satisfactory written evidence that:

Explanation

The correct answer is D. Both A and B. This means that an issuer or insured or self-funded employee welfare benefit plan cannot disenroll a child who is otherwise eligible for coverage unless they have satisfactory written evidence that either the court order is no longer in effect or the child will be enrolled in comparable health coverage through another issuer, or insured or self-funded employee welfare benefit plan, which will take effect before the disenrollment date.

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119. An insurance contract is...

Explanation

The correct answer is C. An agreement between the policyowner and an insurer. This answer is correct because an insurance contract is a legally binding agreement between the policyowner (the person purchasing the insurance policy) and an insurer (the insurance company). The contract outlines the terms and conditions of the insurance coverage, including the premiums to be paid and the benefits to be provided. The insurer agrees to provide financial protection to the policyowner in exchange for the payment of premiums.

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120. True or False? An issuer, or insured or self funded employee welfare benefit plan, that has been assigned the rights of an individual eligible for medical assistance under medicaid and coverage for health benefits from the issuer, or insured or self funded employee welfare benefit plan, may not impose requirements on the health care authority that are different from requirements applicable to an agent or assignee of any other individual so covered.

Explanation

The given statement is true. It states that an issuer, insured, or self-funded employee welfare benefit plan that has been assigned the rights of an individual eligible for medical assistance under Medicaid and coverage for health benefits cannot impose different requirements on the health care authority compared to an agent or assignee of any other individual covered. This means that the issuer or benefit plan cannot discriminate or treat the assigned individual differently in terms of requirements or conditions for receiving health benefits.

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121. The insurer agrees for a ___, to compensate for ___of the insured by specific events.

Explanation

The correct answer is B. payment, loss. In insurance, the insurer agrees to make a payment to the insured in the event of a loss. The payment is meant to compensate for the financial loss suffered by the insured due to specific events that are covered by the insurance policy. This can include events such as accidents, theft, or damage to property. The insurer's agreement to make a payment is a key aspect of the insurance contract, as it provides financial protection to the insured in case of unexpected events.

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122. True or False? Every individual medicare supplement insurance policy issued after January 1, 1982, and every certificate issued pursuant to a group medicare supplement policy after January 1, 1982, shall have prominently displayed on the first page of the policy form or certificate a notice stating in substance that the person to whom the policy or certificate is issued shall be permitted to return the policy or certificate within thirty days of its delivery to the purchaser and to have the premium refunded if, after examination of the policy or certificate, the purchaser is not satisfied with it for any reason. An additional ten percent penalty shall be added to any premium refund due which is not paid within thirty days of return of the policy to the insurer or insurance producer. If a policyholder or purchaser, pursuant to such notice, returns the policy or certificate to the insurer at its home or branch office or to the insurance producer through whom it was purchased, it shall be void from the beginning and the parties shall be in the same position as if no policy or certificate had been issued.

Explanation

After January 1, 1982, every individual Medicare supplement insurance policy and every certificate issued under a group Medicare supplement policy must prominently display a notice on the first page stating that the policyholder has the right to return the policy within 30 days of delivery and receive a refund of the premium if they are not satisfied with it. If the policy is returned within the specified time frame, an additional 10% penalty will be added to any premium refund that is not paid within 30 days. If the policy is returned as per the notice, it will be considered void from the beginning, and the parties will be in the same position as if no policy had been issued.

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123. In Washington state any of the following is considered transacting insurance:

Explanation

The correct answer is D. Both B and C. This means that in Washington state, transacting insurance includes both the activities of solicitation, negotiations preliminary to execution, and putting into effect an insurance contract (option B), as well as the activities from the transaction of a contract under consideration to the execution of the contract and insuring (option C). In other words, any activity related to the process of selling and executing an insurance contract is considered as transacting insurance in Washington state.

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124. "Applicant" for group long-term care insurance means: the proposed certificate holder.

Explanation

In group long-term care insurance, the term "applicant" refers to the proposed certificate holder. This means that the person who is applying for the insurance coverage is also the one who will hold the certificate once it is approved. Therefore, the statement is true.

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125. The face value of the policy: the original amount invested before the earnings. 

Explanation

The face value of a policy refers to the original amount invested before any earnings or interest have been added. It is the initial amount that the policyholder has invested in the policy. This amount is also known as the principal amount. Option C, Principal Amount, is therefore the correct answer.

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126. Types of licenses include?

Explanation

The question asks about the types of licenses, and the correct answer is "D. Individual and Temporary." This suggests that there are different types of licenses, and two of them are "Individual" and "Temporary." These types of licenses may refer to specific permissions granted to individuals for a limited period of time, such as for a specific project or event.

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127. "Issuer" includes _____, fraternal benefit societies, health care service contractors, health maintenance organizations, or other entity delivering or issuing for delivery any long-term care insurance policy, contract, or rider.

Explanation

The term "issuer" in this context refers to any entity that delivers or issues long-term care insurance policies, contracts, or riders. This includes insurance companies, as they are the primary providers of insurance products. Other entities such as fraternal benefit societies, health care service contractors, and health maintenance organizations are also included in the definition of "issuer" for long-term care insurance.

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128. ____ are characteristics of an insurance contract and are fairly universal with different policies.

Explanation

Provisions are characteristics of an insurance contract that are fairly universal with different policies. Provisions refer to the specific terms and conditions outlined in the contract that define the rights and obligations of both the insurer and the insured. These provisions include details about coverage limits, deductibles, exclusions, claim procedures, and other important aspects of the insurance agreement. While riders, options, and policies are all related to insurance contracts, provisions specifically refer to the contractual terms and conditions.

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129. Individual licenses are:

Explanation

Individual licenses are categorized as either resident or nonresident licenses. A resident license is issued to individuals who are permanent residents of a particular state or country, while a nonresident license is issued to individuals who do not reside permanently in that state or country. This categorization helps differentiate between individuals who are eligible for certain privileges and benefits based on their residency status.

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130. "Long-term care insurance" means:

Explanation

The correct answer is B because it accurately defines "long-term care insurance" as an insurance policy or contract that provides coverage for at least twelve consecutive months for a covered person. It specifies that the coverage may be provided on an expense incurred, indemnity, prepaid, or other basis, and includes necessary or medically necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services. It also mentions that long-term care insurance includes benefits based upon cognitive impairment or the loss of functional capacity.

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131. ____ are added to a policy to modify a provisions that already exists. 

Explanation

Riders are added to a policy to modify provisions that already exist. Riders are additional clauses or amendments that can be attached to an insurance policy to provide extra coverage or modify existing terms and conditions. They allow policyholders to customize their coverage according to their specific needs and preferences. By adding riders, policyholders can enhance or alter the provisions of their policy to better suit their individual requirements.

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132. A temporary license is?

Explanation

A temporary license is valid for 180 days and is issued to maintain the existing business. This suggests that the temporary license is a short-term authorization that allows a business to continue its operations while it goes through the necessary processes to obtain a permanent license. The 180-day duration provides a reasonable amount of time for the business to complete any required paperwork or meet any specific requirements before obtaining a long-term license.

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133. License must be renewed every?

Explanation

A license must be renewed every 2 years. This means that after obtaining a license, the individual must go through a renewal process every 2 years to ensure that their license remains valid. This renewal process may involve submitting updated documentation, paying a renewal fee, and possibly completing any required continuing education or training. Renewing a license helps to ensure that the individual's qualifications, knowledge, and skills are up to date and in line with current regulations and standards.

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134. No license is required for people who do not receive ___?

Explanation

No license is required for people who do not receive commissions. This means that if an individual does not earn any income from commissions, they do not need to obtain a license. This implies that licenses are only necessary for individuals who receive commissions as part of their income.

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135. "Group long-term care insurance" means a long-term care insurance policy or contract that is delivered or issued for delivery in this state and is issued to:

Explanation

Group long-term care insurance refers to a policy or contract that is provided to either one or more employers, labor organizations, or a trust established by employers or labor organizations for their current or former employees or members. It can also be issued to a professional, trade, or occupational association for its members or former or retired members. Therefore, the correct answer is C, as it includes both options A and B.

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136. ___ pays policy premiums and is also the person who must have insurable interest in insured during time of application for insurance. 

Explanation

The policyowner is the person who pays the policy premiums and must also have an insurable interest in the insured at the time of application for insurance. This means that the policyowner is financially responsible for the policy and has a vested interest in the well-being of the insured. The policyowner is typically the person who will receive the benefits of the policy if the insured were to experience a covered event.

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137. Disciplinary actions include:

Explanation

The correct answer is D. All of the above. Disciplinary actions in this context refer to the actions that can be taken against an individual or organization for violating rules or regulations. These actions can include denial of license, suspension, revocation, refusal to renew, cease and desist orders, and fines. Therefore, the correct answer is D, as all of these actions are included in disciplinary actions.

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138. Check all that apply: Making false claims, concealing information-Penalty-Exclusions

Explanation

The correct answer includes multiple statements that describe actions that are prohibited and the penalties associated with them. These actions include making false claims, presenting false claims, making false statements, concealing information, and willfully collecting amounts in violation of an agreement. The answer also states that violating these rules is a class C felony and clarifies that certain statements made on an application for health care coverage are exempt from these rules.

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139. Minimum age for a producer license is?

Explanation

The minimum age for a producer license is 18 years old. This means that individuals who are at least 18 years old are eligible to obtain a producer license.

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140. "Adjusted community rate" means:

Explanation

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141. Producer licensing period is for?

Explanation

The correct answer is C. 2 years. This means that the producer licensing period lasts for a period of 2 years. This implies that producers, who are individuals or companies engaged in the production of goods or services, are required to obtain a license to operate in their respective industry. This license is valid for a period of 2 years, after which it needs to be renewed. This allows regulatory authorities to ensure that producers are complying with the necessary standards and regulations, and helps to maintain the quality and integrity of the goods or services being produced.

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142. License reinstatement period is?

Explanation

The correct answer is B. 12 months. This means that the period for license reinstatement is 12 months.

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143.  "Basic health plan services" means:

Explanation

The correct answer is A because it accurately defines "basic health plan services" as a schedule of covered health services that must be provided to an enrollee under the basic health plan. It also includes the description of how those benefits are to be administered. The definition is subject to revision over time.

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144. This provision allows the policyowner 10 days from receipt to look over policy and if dissatisfied for any reason, return it for a full refund of premium.

Explanation

The explanation for the correct answer, C. Right to Examine (Free-Look), is that this provision grants the policyowner a period of 10 days from receiving the policy to review its terms and conditions. During this time, if the policyowner is dissatisfied with any aspect of the policy, they have the right to return it and receive a full refund of the premium paid. This provision ensures that policyholders have the opportunity to thoroughly examine the policy and make an informed decision about whether to keep it or not.

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145. "catastrophic health plan" means:

Explanation

A catastrophic health plan refers to a health benefit plan that requires a high deductible and out-of-pocket expenses for covered benefits. Option A states the requirements for a catastrophic health plan for a single enrollee, while option D states the requirements for a catastrophic health plan for multiple enrollees. Therefore, both options A and D are correct and provide a comprehensive definition of a catastrophic health plan.

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146. ___ period starts when policyowner receives policy (policy deliver) not when insurer issues policy. Certain transactions, such as replacement, may require a longer ___ period. 

Explanation

The correct answer is C. Free-Look. The explanation is that the free-look period starts when the policyowner receives the policy, not when the insurer issues the policy. This period allows the policyowner to review the policy and if they are not satisfied, they can return it for a full refund. Certain transactions, such as replacement, may require a longer free-look period.

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147. Time period to complete Continuing Education (CE) requirements?

Explanation

The correct answer is C. 2 years. Continuing Education (CE) requirements typically need to be completed within a specific time period to ensure professionals stay up to date with the latest advancements and knowledge in their field. In this case, the requirement is to complete the CE within 2 years. This allows professionals enough time to fulfill their educational obligations without rushing or falling behind.

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148.  "Concurrent review" means:

Explanation

"Concurrent review" refers to the utilization review that is conducted while a patient is receiving treatment in a hospital or during their course of treatment. This type of review is aimed at ensuring that the medical services being provided are necessary, appropriate, and meet the standards of care. It helps to identify any potential issues or discrepancies in the treatment plan and allows for timely interventions or adjustments to be made if needed. This review process helps to optimize the quality and efficiency of healthcare delivery.

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149. ____ are the types of risks the policy will not cover.

Explanation

The correct answer is D. Exclusions. Exclusions refer to the types of risks that the policy will not cover. These are specific situations or circumstances that the insurance policy explicitly states will not be included in the coverage. Exclusions are important to understand as they outline the limitations of the policy and help the insured to determine what risks they are responsible for managing on their own.

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150. How many hours of CE credit are required for each licensing period?

Explanation

Each licensing period requires 24 hours of CE credit.

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151. "Covered person" or "enrollee" means:

Explanation

The correct answer is A. "Covered person" or "enrollee" refers to an individual who is covered by a health plan. This includes various categories such as an enrollee, subscriber, policyholder, beneficiary of a group plan, or an individual covered by any other health plan. This definition encompasses a wide range of individuals who have health coverage under different types of plans.

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152. How many CE credit hours are required in ethics?

Explanation

In order to maintain professional standards and ethical practices, professionals are required to complete a certain number of Continuing Education (CE) credit hours in ethics. The correct answer is B. 3 hours, as this is the minimum requirement for ethics CE credit hours.

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153.  "Dependent" means:

Explanation

The correct answer is C because it states that a dependent is at least the legal spouse and dependent children who qualify for coverage under the enrollee's health benefit plan. This definition aligns with the common understanding of a dependent in the context of health insurance coverage.

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154. Producers must retain CE certification of completion for?

Explanation

Producers must retain CE certification of completion for 3 years. This is because CE certification ensures that a product meets the necessary health, safety, and environmental standards required within the European Economic Area (EEA). By retaining the certification for 3 years, producers can demonstrate that their product complied with these standards during that period, ensuring transparency and accountability.

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155. The maximum length of a temporary license is?

Explanation

The maximum length of a temporary license is 180 days. This means that individuals who are granted a temporary license can legally operate for a period of 180 days before they are required to obtain a permanent license. This longer duration allows individuals to fulfill certain requirements or complete necessary training before obtaining a permanent license.

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156.  Check all that apply: "Essential health benefit categories" means:

Explanation

"Essential health benefit categories" refers to the different types of healthcare services that are required to be covered by health insurance plans under the Affordable Care Act. These categories include ambulatory patient services (outpatient care), emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services (including behavioral health treatment), prescription drugs, rehabilitative and habilitative services and devices, laboratory services, preventive and wellness services, chronic disease management, and pediatric services (including oral and vision care). These categories ensure that individuals have access to a comprehensive range of healthcare services.

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157. How many days for a licensee to reply to an inquiry from the Commissioner regarding the business of insurance?

Explanation

A licensee is required to reply to an inquiry from the Commissioner regarding the business of insurance within 15 days. This time frame allows the licensee sufficient time to gather the necessary information and provide a timely response to the Commissioner's inquiry. It is important for licensees to promptly address any inquiries from the Commissioner to ensure compliance with regulatory requirements and maintain a transparent and accountable business operation.

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158. How many days after receiving notice from the Commissioner, for a producer to request a hearing?

Explanation

Producers have 90 days to request a hearing after receiving notice from the Commissioner. This means that they have three months to respond to the notice and request a hearing if they wish to do so. It is important for producers to be aware of this timeline and ensure that they take the necessary steps within the 90-day period to protect their rights and interests.

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159. "Health care service" means that service offered or provided by health care facilities and health care providers relating to the prevention, cure, or treatment of illness, injury, or disease.

Explanation

The statement is defining what "health care service" means, stating that it refers to services provided by health care facilities and providers for the prevention, cure, or treatment of illness, injury, or disease. Therefore, the correct answer is True.

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160. How many years does a producer need to maintain records of compensation disclosures?

Explanation

Producers are required to maintain records of compensation disclosures for a period of 5 years. This is important for transparency and accountability purposes, as it allows regulators and stakeholders to access and review these records to ensure compliance with regulations and ethical standards. By keeping these records for 5 years, producers can demonstrate their adherence to proper compensation practices and provide evidence of any disclosures made during that period if needed.

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161. "Health carrier" or "carrier" means a disability insurer regulated, a health care service contractor (HCSC), or a _____, (HMO) and  includes "issuers" as that term is used in the patient protection and affordable care act.

Explanation

A "health carrier" or "carrier" refers to a disability insurer regulated, a health care service contractor (HCSC), or a health maintenance organization (HMO). In this context, a health maintenance organization is considered a type of health carrier. The term "issuers" mentioned in the patient protection and affordable care act also includes health maintenance organizations.

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162. True or False? Prizes, goods or merchandise is allowed and not considered rebating as long as they are no more than $100?

Explanation

According to the given statement, prizes, goods, or merchandise are allowed and not considered rebating as long as they are no more than $100. This implies that offering prizes or goods as an incentive or reward for a certain action, such as purchasing a product, is permissible as long as the value of those prizes or goods does not exceed $100. Therefore, the statement is true.

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163. _____ proves the insurer has the power to write insurance contracts?

Explanation

A Certificate of Authority proves that the insurer has been authorized by the regulatory authority to write insurance contracts. It is a document that grants the insurer the power and legal permission to operate and provide insurance coverage to policyholders. This certificate ensures that the insurer meets the necessary requirements and regulations to carry out insurance activities in a specific jurisdiction. Therefore, the correct answer is B. Certificate of Authority.

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164. "Individual market" means:

Explanation

The correct answer is C. "Individual market" refers to the market for health insurance coverage that is offered to individuals who are not part of a group health plan. This means that individuals can purchase health insurance coverage on their own, rather than through their employer or any other group. This term is used to distinguish it from the group market, which refers to health insurance coverage that is offered to individuals through their employer or another group.

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165. True or False. A person who sells insurance, on behalf of an unauthorized insurer will not be held personally liable?

Explanation

A person who sells insurance on behalf of an unauthorized insurer can be held personally liable. Selling insurance on behalf of an unauthorized insurer means that the person is selling insurance without proper authorization or licensing. In such cases, the person may be held responsible for any damages or losses suffered by the insured parties. This is because they are engaging in illegal or fraudulent activities by selling insurance without the necessary permissions. Therefore, the statement that a person who sells insurance on behalf of an unauthorized insurer will not be held personally liable is false.

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166. "Material modification" means:

Explanation

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167. Unauthorized insurer- Each violation will have a separate offense punishable by ____ or ___ of a ____, and a maximum fine of _____?

Explanation

Each violation of being an unauthorized insurer will result in a separate offense. The offense is punishable by the suspension or revocation of the license, and a maximum fine of $25,000.

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168.  "Open enrollment" means: 

Explanation

"Open enrollment" refers to a specific period each year when individuals can enroll in a health benefit plan without having to go through health screening or provide evidence of insurability. This option accurately defines open enrollment as a period of time during which applicants can enroll in a carrier's individual health benefit plan without any additional requirements.

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169. The Commissioner may also order a ___ of policies improperly issued with an ___ ____ to a ___ ___.

Explanation

The Commissioner may order a replacement of policies improperly issued with an unauthorized insurer to an authorized insurer. This means that if policies are issued by an unauthorized insurer, the Commissioner has the authority to order those policies to be replaced with policies issued by an authorized insurer. This ensures that policyholders are protected and that their policies are valid and backed by a reputable insurer.

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170. True or False. If certain coverages cannot be obtained through authorized insurers these coverages are considered "surplus lines?

Explanation

Certain coverages that cannot be obtained through authorized insurers are considered "surplus lines." Surplus lines refer to insurance policies that are provided by non-admitted or unlicensed insurers. These insurers are not subject to the same regulations and requirements as authorized insurers, allowing them to offer specialized or unique coverages that may not be available through traditional channels. Surplus lines insurance is typically used for high-risk or hard-to-place risks, and it provides an alternative option for obtaining coverage when authorized insurers cannot meet specific needs.

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171. "Preexisting condition" means:

Explanation

"Preexisting condition" refers to any medical condition, illness, or injury that existed prior to the start of the health insurance coverage. This means that if an individual already had a medical condition before getting the insurance, it may not be covered or may have limitations or exclusions. This is an important factor for insurance companies to assess the risk and determine the coverage and premiums for individuals.

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172. Check all that apply. Surplus lines maybe obtained from unauthorized insurers as long as:

Explanation

Surplus lines may be obtained from unauthorized insurers as long as insurance is solicited through a surplus line broker, the potential insured has made an effort and failed to obtain insurance from authorized insurers, and coverage is not obtained from an unauthorized insurer to have a lower premium than an authorized insurer. Permission from the Commissioner is not required.

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173. Washington Life and Disability Insurance Guaranty Association protects policyowners, insureds and beneficiaries from financial losses caused by insurers who become unable to pay or meet contractual agreements. 

Explanation

The statement is true because the Washington Life and Disability Insurance Guaranty Association exists to protect policyowners, insureds, and beneficiaries in the event that an insurance company becomes unable to fulfill their financial obligations. This association ensures that individuals do not suffer financial losses due to the insolvency of an insurance company.

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174. "Utilization review" means the prospective, concurrent, or _____  assessment of the necessity and appropriateness of the allocation of health care resources and services of a provider or facility, given or proposed to be given to an enrollee or group of enrollees.

Explanation

Utilization review refers to the assessment of the necessity and appropriateness of healthcare resources and services before, during, or after they are provided to an enrollee or group of enrollees. In this context, "retrospective" would not be a suitable answer because it means looking back at past events or data. Since the question is asking for the type of assessment that is done before or during the provision of healthcare services, "prospective" or "concurrent" would be the correct choices.

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175. Check all that apply. Guaranty Association also helps the Commissioner to detect and prevent insurer...

Explanation

The Guaranty Association assists the Commissioner in detecting and preventing impairments and insolvencies of insurers. This means that the association helps identify and stop situations where insurers are unable to meet their financial obligations or become insolvent. This is important for protecting policyholders and ensuring the stability of the insurance market. The answer does not include "delinquencies" or "cancellations" as these terms are not mentioned in the given statement.

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176. Fill in the blanks. In health insurance- A grace period of _____ for weekly premiums, 10 days for monthly premium policies, 31 days for all other premium policies; will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force. (A policy which contains a cancellation provision may add, at the end of the above provision: "subject to the right of the insurer to cancel in accordance with the cancellation provision hereof." A policy in which the insurer reserves the right to refuse any renewal shall have, at the beginning of the above provision: "Unless not less than five days prior to the premium due date the insurer has delivered to the insured or has mailed to his or her last address as shown by the records of the insurer written notice of its intention not to renew this policy beyond the period for which the premium has been accepted.")

Explanation

A grace period of 7 days for weekly premiums, 10 days for monthly premium policies, 31 days for all other premium policies will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force. This means that if the premium is not paid within the specified time frame, the policy will still remain active during the grace period. However, it is important to note that if the policy contains a cancellation provision, the insurer may cancel the policy in accordance with that provision.

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177. True or False. Nonresidents may qualify for coverage by the Guaranteed Association?

Explanation

Nonresidents may qualify for coverage by the Guaranteed Association. This means that individuals who do not reside in a particular area or country can still be eligible for coverage through the Guaranteed Association. This could be beneficial for nonresidents who require insurance coverage and are unable to obtain it through traditional means.

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178. REINSTATEMENT: If any renewal premium be not paid within the time granted the insured for payment, a subsequent acceptance of premium by the insurer or by any insurance producer duly authorized by the insurer to accept such premium, without requiring in connection therewith an application for reinstatement, shall reinstate the policy: PROVIDED, HOWEVER, That if the insurer or such insurance producer requires an application for reinstatement and issues a conditional receipt for the premium tendered, the policy will be reinstated upon approval of such application by the insurer or, lacking such approval, upon the forty-fifth day following the date of such conditional receipt unless the insurer has previously notified the insured in writing of its disapproval of such application. The reinstated policy shall cover only loss resulting from such accidental injury as may be sustained after the date of reinstatement and loss due to such sickness as may begin more than ten days after such date. 

Explanation

The explanation for the correct answer, True, is that if a renewal premium is not paid within the given time, the policy can still be reinstated if the insurer or an authorized insurance producer accepts the premium without requiring an application for reinstatement. However, if an application for reinstatement is required and a conditional receipt is issued, the policy will be reinstated upon approval of the application by the insurer or after 45 days from the date of the conditional receipt, unless the insurer has already notified the insured of disapproval. The reinstated policy will only cover losses resulting from accidental injury after the reinstatement date and sickness that begins more than 10 days after the reinstatement date.

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179. ____ provision stipulates that the policy and a copy of application, along with any riders or amendments, constitute the entire contract. No statements made before the contract can be to alter contract after it's written. Neither insurer no insured can make changes unless both agree.

Explanation

The provision that stipulates that the policy and a copy of the application, along with any riders or amendments, constitute the entire contract means that the written documents mentioned are the only binding agreement between the insurer and the insured. It states that no statements made before the contract can be used to alter the contract after it is written. Furthermore, it highlights that neither the insurer nor the insured can make changes to the contract unless both parties agree. This provision ensures clarity and prevents any misunderstandings or disputes regarding the terms of the insurance contract.

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180. NOTICE OF CLAIM: Written notice of claim must be given to the insurer within twenty days after the occurrence or commencement of any loss covered by the policy, or as soon thereafter as is reasonably possible. Notice given by or on behalf of the insured or the beneficiary to the insurer at . . . . . . . . . (insert the location of such office as the insurer may designate for the purpose), or to any authorized agent of the insurer, with information sufficient to identify the insured, shall be deemed notice to the insurer. (In a policy providing a loss-of-time benefit which may be payable for at least two years, an insurer may at its option insert the following between the first and second sentences of the above provision: "Subject to the qualifications set forth below, if the insured suffers loss of time on account of disability for which indemnity may be payable for at least two years, he or she shall at least once in every six months after having given notice of claim, give to the insurer notice of continuance of said disability, except in the event of legal incapacity. The period of six months following any filing of proof by the insured or any payment by the insurer on account of such claim or any denial of liability in whole or in part by the insurer shall be excluded in applying this provision. Delay in the giving of such notice shall not impair the insured's right to any indemnity which would otherwise have accrued during the period of six months preceding the date on which such notice is actually given.")

Explanation

The explanation for the given correct answer is that the statement in the policy states that notice of claim must be given to the insurer within twenty days after the occurrence or commencement of any loss covered by the policy, or as soon thereafter as is reasonably possible. It also states that notice given by or on behalf of the insured or the beneficiary to the insurer at the designated office or to any authorized agent of the insurer, with sufficient information to identify the insured, shall be deemed notice to the insurer. Therefore, the answer is true.

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181. ____ modes- policy stipulates when premiums are due or how often to be paid (monthly, quartley, semi-annually, annually) and to whom. ___ mode is the manner or frequency the policyowner pays premium. If insured dies during period of time for which premium has been paid, insurer must refund any unearned premium along with policy proceeds. 

Explanation

The correct answer is Premium Payment. The explanation is that premium payment refers to the manner or frequency in which the policyowner pays the premiums for the insurance policy. It stipulates when the premiums are due and how often they should be paid, such as monthly, quarterly, semi-annually, or annually. If the insured dies during the period for which the premium has been paid, the insurer must refund any unearned premium along with the policy proceeds.

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182. CLAIM FORMS: The insurer, upon receipt of a notice of claim, will furnish to the claimant such forms as are usually furnished by it for filing proofs of loss. If such forms are not furnished within fifteen days after the giving of such notice the claimant shall be deemed to have complied with the requirements of this policy as to proof of loss upon submitting, within the time fixed in the policy for filing proofs of loss written proof covering the occurrence, the character and the extent of the loss for which claim is made.

Explanation

The explanation for the given correct answer, which is True, is that according to the statement provided, the insurer is required to furnish claim forms to the claimant upon receipt of a notice of claim. If the insurer fails to provide these forms within fifteen days, the claimant is considered to have complied with the policy's requirements by submitting written proof of the occurrence, character, and extent of the loss within the specified time frame. Therefore, it is true that the insurer is obligated to provide claim forms to the claimant.

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183. ___ period of time after policy is due, that policyowner has to pay the premium before policy lapses (usually 30 or 31 days). ___ protects policyholder against unintentional lapse of policy. If insured dies during ___, the death benefit is still payable, however, any unpaid premium will be deducted from the death benefit. 

Explanation

The grace period is a period of time after the policy is due, in which the policyowner has to pay the premium before the policy lapses. It is designed to protect the policyholder against the unintentional lapse of the policy. If the insured dies during the grace period, the death benefit is still payable, but any unpaid premium will be deducted from the death benefit.

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184. Check all the apply. Benefits that the Guaranty Association is obligated to cover must NOT exceed the lesser of the amount the insurer would have been liable for, or $500,000 for any of the following:

Explanation

The Guaranty Association is obligated to cover the total net cash surrender and net cash withdrawal values for life insurance, the life insurance death benefit, the health/disability insurance benefit, and the present value of annuity benefits. These benefits must not exceed the lesser of the amount the insurer would have been liable for or $500,000.

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185. PROOFS OF LOSS: Written proof of loss must be furnished to the insurer at its said office in case of claim for loss for which this policy provides any periodic payment contingent upon continuing loss within ninety days after the termination of the period for which the insurer is liable and in case of claim for any other loss within ninety days after the date of such loss. Failure to furnish such proof within the time required shall not invalidate nor reduce any claim if it was not reasonably possible to give proof within such time, provided such proof is furnished as soon as reasonably possible and in no event, except in the absence of legal capacity, later than one year from the time proof is otherwise required.

Explanation

The given statement is true. According to the policy, written proof of loss must be provided to the insurer within ninety days after the termination of the period for which the insurer is liable or within ninety days after the date of the loss. However, if it was not reasonably possible to provide proof within this time, the claim will not be invalidated or reduced as long as the proof is furnished as soon as reasonably possible, and in no event later than one year from the time proof is otherwise required.

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186. ___ provision allows a lapsed policy to be put back in force. Maximum time limit usually 3 years after policy has lapsed. If policyowner reinstates policy he/she will have to prove insurability. Advantages of ____ is policy will be restored to its original status and retain all the values that were established at the insured's issue age. A policy that has been surrendered cannot be reinstated.

Explanation

Reinstatement allows a lapsed policy to be put back in force within a maximum time limit, usually 3 years after the policy has lapsed. If the policyowner chooses to reinstate the policy, they will have to prove insurability. The advantage of reinstatement is that the policy will be restored to its original status and retain all the values that were established at the insured's issue age. It is important to note that a policy that has been surrendered cannot be reinstated.

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187. The Association performs its functions under the plan of operation established and approved under the ___.

Explanation

The correct answer is B. Insurance Code. The explanation for this is that the Association operates and carries out its functions according to the plan of operation that has been established and approved under the Insurance Code. The Insurance Code is a set of laws and regulations that govern the insurance industry, including the operations and functions of insurance companies and associations. Therefore, it is the most appropriate and relevant option for the given question.

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188. ___ clause prevents an insurer from denying a claim due to statements in the application after the policy has been in force for 2 years, even if there has been material misstatement of facts or concealment of a material fact. During first 2 years of policy insurer can contest claim if insurer feels there's inaccurate or misleading information in the application. ____ does not apply if premiums are not paid. Doe not usually apply to age or sex or identity. 

Explanation

The incontestability clause prevents an insurer from denying a claim due to statements in the application after the policy has been in force for 2 years, even if there has been a material misstatement of facts or concealment of a material fact. This means that after the initial 2-year period, the insurer cannot use any inaccurate or misleading information in the application as a reason to contest the claim. However, it is important to note that this clause does not apply if premiums are not paid and usually does not apply to factors such as age, sex, or identity.

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189. True or False? PHYSICAL EXAMINATIONS AND AUTOPSY: The insurer at its own expense shall have the right and opportunity to examine the person of the insured when and as often as it may reasonably require during the pendency of a claim hereunder and to make an autopsy in case of death where it is not forbidden by law.

Explanation

The statement is true. According to the given information, the insurer has the right to conduct physical examinations on the insured person when needed and as often as necessary during the claim process. Additionally, the insurer is also allowed to perform an autopsy in the event of the insured person's death, as long as it is not prohibited by law.

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190. Age and gender are important to the premium that will be charged. ____ provision which allows insurer to adjust the policy at anytime due to ____. If applicant misstated his/her age or gender on application, in the event of a claim, the insurer is allowed to adjust the benefits to an amount that the premium at correct age or gender would have purchased.

Explanation

The correct answer is "misstatement of age/sex (gender)". This provision allows the insurer to adjust the policy at any time if the applicant misstated their age or gender on the application. In the event of a claim, the insurer is allowed to adjust the benefits to an amount that the premium at the correct age or gender would have purchased. This ensures that the premium charged accurately reflects the risk associated with the insured's age and gender.

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191. True or False. Under supervision of the Commissioner the Guaranty Association maintains 2 accounts: the disability account, and the life and annuity account.

Explanation

Under the supervision of the Commissioner, the Guaranty Association maintains two accounts: the disability account and the life and annuity account. This means that the statement is correct and the answer is true.

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192. Fill in the blanks. LEGAL ACTIONS: No action at law or in equity shall be brought to recover on this policy prior to the expiration of _____ days after written proof of loss has been furnished in accordance with the requirements of this policy. No such action shall be brought after the expiration of three years after the time written proof of loss is required to be furnished.

Explanation

The correct answer is 60. This is the number of days that must pass after written proof of loss has been furnished before a legal action can be brought to recover on this policy. Additionally, no legal action can be brought after three years from the time written proof of loss is required to be furnished.

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193. True or False. It is unfair trade practice to make any statement that an insurer's policies are guaranteed by the existence of the insurance Guaranty Association.

Explanation

It is considered unfair trade practice to make any statement that an insurer's policies are guaranteed by the existence of the insurance Guaranty Association. This is because the existence of the Guaranty Association does not guarantee the policies of the insurer, and making such a statement can mislead customers into thinking that their policies are completely safe and protected. In reality, the Guaranty Association provides limited protection in case of insurer insolvency, but it does not guarantee the full coverage of policies.

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194. Fill in the blanks. Discrimination Prohibited: No health care service contractor shall deny coverage to any person solely on account of race, religion, national origin, or the presence of any _____, mental, or physical handicap. Nothing in this section shall be construed as limiting a health care service contractor's authority to deny or otherwise limit coverage to a person when the person because of a medical condition does not meet the essential eligibility requirements established by the health care service contractor for purposes of determining coverage for any person.

Explanation

The given passage states that no health care service contractor can deny coverage to any person solely based on their race, religion, national origin, or the presence of any sensory, mental, or physical handicap. This means that discrimination based on sensory disabilities is prohibited. The passage also mentions that a health care service contractor can deny or limit coverage to a person if they do not meet the essential eligibility requirements established by the contractor for determining coverage, due to a medical condition.

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195. True or False? The purpose of licensing is to make sure the person meets educational and ethical standards required to fulfill agents responsibilities to the insurer and to the public.

Explanation

Licensing is a process that ensures individuals have met the necessary educational and ethical standards to carry out their responsibilities as insurance agents. This includes meeting the requirements set by the insurer and the public, which helps to protect both parties. By obtaining a license, agents demonstrate their competence and commitment to upholding professional standards, which ultimately benefits the insurer and the public by ensuring they receive reliable and trustworthy services. Therefore, the statement is true.

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196. True or False? Continuation option to be offered- very health care service contractor that issues group contracts providing group coverage for hospital or medical expense shall offer the contract holder an option to include a contract provision granting a person who becomes ineligible for coverage under the group contract, the right to continue the group benefits for a period of time and at a rate agreed upon. The contract provision shall provide that when such coverage terminates, the covered person may convert to a contract.

Explanation

The statement in the question is stating that every healthcare service contractor that issues group contracts must offer the contract holder an option to include a provision allowing individuals who become ineligible for coverage to continue the group benefits for a specific period of time and at an agreed-upon rate. The statement also mentions that the contract provision should allow the covered person to convert to a contract when their coverage terminates. Therefore, the correct answer is True, as the statement accurately reflects the requirement for offering a continuation option in group contracts.

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197. Insurance companies may defer a policy loan request for up to __ months, unless reason for loan is to pay policy premium. Policy loans are not subject to income tax.

Explanation

Insurance companies may defer a policy loan request for up to 6 months, unless the reason for the loan is to pay the policy premium. This means that if the policyholder needs to take out a loan for any reason other than paying the premium, the insurance company can defer the request for up to 6 months. However, if the loan is specifically meant to cover the policy premium, there is no deferral period and the loan can be granted immediately. It is important to note that policy loans are not subject to income tax.

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198. True or False? Continuation option to be offered- Every health maintenance organization that issues agreements providing group coverage for hospital or medical care shall offer the agreement holder an option to include an agreement provision granting a person who becomes ineligible for coverage under the group agreement, the right to continue the group benefits for a period of time and at a rate agreed upon. The agreement provision shall provide that when such coverage terminates the covered person may convert to an agreement.

Explanation

Health maintenance organizations that issue agreements providing group coverage for hospital or medical care are required to offer the agreement holder an option to include a provision granting a person who becomes ineligible for coverage the right to continue the group benefits for a period of time and at an agreed-upon rate. This provision also allows the covered person to convert to an individual agreement when their coverage terminates. Therefore, the statement is true.

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199. ____ options are methods used to pay the death benefits to a beneficiary upon insured's death or to pay the endowment benefit if the insured lives to the endowment date. Policyowner may choose a ___ option during application and may also change as long as insured is alive.

Explanation

Settlement options are methods used to pay the death benefits to a beneficiary upon the insured's death or to pay the endowment benefit if the insured lives to the endowment date. The policyowner may choose a settlement option during application and may also change it as long as the insured is alive.

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200. "Carrier" means:

Explanation

The term "carrier" is defined as a health maintenance organization, an insurer, a health care service contractor, or any other entity that is responsible for the payment of benefits or provision of services under a group or individual contract. This means that a carrier can be any organization or entity that is responsible for managing and providing healthcare services to individuals or groups of individuals. This definition encompasses various types of entities involved in the healthcare industry, including insurers, health maintenance organizations, and service contractors. Therefore, option A is the correct answer.

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In health insurance- A guaranteed renewable policy must be renewed by...
In General Insurance- The authority a principal intends to grant to an...
Fill in the blanks. ...
In General Insurance- Authority that is not written in contract, but...
Fill in the blanks. ...
In General Insurance- The appearance/assumption of authority based on...
The free look starts at _____ delivery.
Fill in the blank(s)- ...
True or False? ...
Check all that apply. ...
A health care service contractor is not the same thing as a ____...
In General Insurance- There must be a definite offer by one...
In General Insurance- The binding force in any contract, and is...
Check all that apply. ...
In General Insurance- The parties of a contract must be capable of...
HMOs (Health Maintenance Organizations) or PPOs (Preferred Provider...
In General Insurance- The purpose of the contract must be legal and...
Fill in the blanks. ...
In General Insurance-  ___ is a provision in an insurance policy...
True or False. ...
Group HMO coverage is convertible for ___ days following the date a...
In General Insurance- It is not always practical or necessary to state...
Group disability insurance is convertible to individual coverage...
In General Insurance- The principal of ___ implies that there will be...
Check all that apply. ...
Medical expense insurance policies that provide coverage for dependent...
HMO coverage provided for dependents may require notification of the...
A producer involved in the issuance of an insurance contract must...
In General Insurance- ___ is an absolutely true statement upon which...
True or False. ...
In General Insurance- ___ is a legal term for the...
True or False? ...
True or False? ...
Check all that apply. ...
In General Insurance- ___ is the intentional misrepresentation or...
Check all that apply. ...
Disclosures signed by both the ___ and insured must be provided before...
Check all that apply.  ...
Check all that apply. Replacement regulations do not apply to:
Match the following. Disclosure Definitions.
A company must use a Buyer's Guide no later than __ months after...
True or False? ...
Check all that apply. ...
True or False? ...
Check all that apply. Life insurance illustrations must:
True or False. ...
Check all that apply. Excluded from illustration guidelines:
"Applicant" means:
 "Certificate" means:
 "Disability insurance" is
"Health care expense costs," means: 
"Policy" means: 
"Policy form" means:
"Premium" means: 
"Prestandardized medicare supplement benefit plan,"...
"Replacement" means: 
"Benefit period" or "medicare benefit period"
"Medicare eligible expenses" means:
What is the Fair Credit Reporting Act Purpose?
Check all that apply. Buyer's Guide
Reports fall into what categories?
Check all that apply. ...
 True or False. ...
Investigative Consumer Reports:
  ...
Someone unknowingly violating the Fair Credit Reporting Act (FCRA) is...
True or False. ...
Knowingly obtaining information information on a consumer from a...
Every issuer marketing medicare supplement insurance coverage in this...
____ is a level fixed premium, investment-based product. 
Under FCRA if a policy is declined or modified because of the...
In addition to the acts and practices prohibited, the commissioner has...
Consumer reports cannot contain:
Check all that apply. ...
True or False? ...
If activity jeopardizes insurer, the punishment can be up to? 
True or False? ...
If embezzlement is less than $5,000 prison time may be reduced to...
True or False? ...
Federal law makes it illegal for any individual convicted of a crime...
True or False? ...
True or False? ...
Section 1034...
What is the Code of Washington?
Check all that apply. ...
What is the Washington Administrative Code (WAC)?
How long is the Commissioner's term in Washington?
 If an individual is a certificate holder in a group medicare...
Commissioner's main duties are?
True or False? ...
Title 48 is the Washington Insurance Code and it...
A medicare supplement policy or certificate must provide that benefits...
General powers, duties and responsibilities include:
Check all that apply. ...
Check all that apply. ...
___ insurance is issued to the sponsoring organization and covers the...
Examination of an Alien insurer may be...
Check all that apply. ...
The Commissioner may rely on an audit report from an...
True or False? ...
State Administrative Code makes the procedures that the...
True or False? ...
True or False? ...
A Licensee may request to have a ____ present at a hearing
True or False? ...
Check all that apply.  ...
If an insurer, including a health care service contractor or a health...
True or False? ...
Every filing containing a certificate by the Chief Executive Officer...
True or False? ...
At the end of 30 days the form is approved unless...
Commissioner may extend the approval period for forms by a maximum of...
If extension period is over and notice of disapproval is not given,...
Check all that apply. ...
Commissioner can withdraw approval at...
True or False? ...
The Commissioner may suspend, revoke, or refuse to issue or renew a...
Not disenroll, or eliminate coverage of, such child who is otherwise...
An insurance contract is...
True or False? ...
The insurer agrees for a ___, to compensate for ___of the insured by...
True or False? ...
In Washington state any of the following is considered transacting...
"Applicant" for group long-term care insurance...
The face value of the policy: the original amount invested before the...
Types of licenses include?
"Issuer" includes _____, fraternal benefit...
____ are characteristics of an insurance contract and are fairly...
Individual licenses are:
"Long-term care insurance" means:
____ are added to a policy to modify a provisions that already...
A temporary license is?
License must be renewed every?
No license is required for people who do not receive ___?
"Group long-term care insurance" means a long-term care...
___ pays policy premiums and is also the person who must have...
Disciplinary actions include:
Check all that apply: ...
Minimum age for a producer license is?
"Adjusted community rate" means:
Producer licensing period is for?
License reinstatement period is?
 "Basic health plan services" means:
This provision allows the policyowner 10 days from receipt to look...
"catastrophic health plan" means:
___ period starts when policyowner receives policy (policy deliver)...
Time period to complete Continuing Education (CE) requirements?
 "Concurrent review" means:
____ are the types of risks the policy will not cover.
How many hours of CE credit are required for each licensing period?
"Covered person" or "enrollee" means:
How many CE credit hours are required in ethics?
 "Dependent" means:
Producers must retain CE certification of completion for?
The maximum length of a temporary license is?
 Check all that apply: ...
How many days for a licensee to reply to an inquiry from the...
How many days after receiving notice from the Commissioner, for a...
"Health care service" means that service offered or provided...
How many years does a producer need to maintain records of...
"Health carrier" or "carrier" means a disability...
True or False? Prizes, goods or merchandise is allowed and not...
_____ proves the insurer has the power to write insurance contracts?
"Individual market" means:
True or False. A person who sells insurance, on behalf of an...
"Material modification" means:
Unauthorized insurer- Each violation will have a separate offense...
 "Open enrollment" means: 
The Commissioner may also order a ___ of policies improperly issued...
True or False. If certain coverages cannot be obtained through...
"Preexisting condition" means:
Check all that apply. ...
Washington Life and Disability Insurance Guaranty Association protects...
"Utilization review" means the prospective, concurrent, or...
Check all that apply. ...
Fill in the blanks. ...
True or False. ...
REINSTATEMENT: If any renewal premium be not paid within the time...
____ provision stipulates that the policy and a copy of application,...
NOTICE OF CLAIM: Written notice of claim must be given to the insurer...
____ modes- policy stipulates when premiums are due or how often to be...
CLAIM FORMS: The insurer, upon receipt of a notice of claim, will...
___ period of time after policy is due, that policyowner has to pay...
Check all the apply. ...
PROOFS OF LOSS: Written proof of loss must be furnished to the insurer...
___ provision allows a lapsed policy to be put back in force. Maximum...
The Association performs its functions under the plan of operation...
___ clause prevents an insurer from denying a claim due to statements...
True or False? ...
Age and gender are important to the premium that will be charged. ____...
True or False. ...
Fill in the blanks. ...
True or False. ...
Fill in the blanks. ...
True or False? ...
True or False? ...
Insurance companies may defer a policy loan request for up to __...
True or False? ...
____ options are methods used to pay the death benefits to a...
"Carrier" means:
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