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No Surprise Medical Bill -New Federal Law

As of January 1, 2022, consumers have new billing protections when getting emergency care, non-emergency care from out-of-network providers at in-network facilities, and air ambulance services from out-of-network providers. Through new rules aimed to protect consumers, excessive out-of-pocket costs are restricted, and emergency services must continue to be covered without any prior authorization, and regardless …

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What is the contestable period in a life insurance policy?

Since the applicant is asked questions about their  occupation, hobbies, height, weight and health history, the insurance company has the right to check if those answers were correct for two years following the issue date of the policy.  The “burden of proof” is on the insurance company that a answer concealed something that had the …

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Are insureds entitled to interest on delayed claims?

Almost all states have statues dealing with this issue.  In each state, the requirement is for the company to pay claims promptly (within 30 days) once their liability is clear.  Interest rates vary from state to state.  A common issue found in market conduct examination by the state regulators is lack of notice of the …

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My Iowa insurance license is coming up for renewal, what must I do?

Every licensed Iowa resident producer must complete a minimum of 36 credits for each CE term in courses approved by the Iowa division. Three of these credits must be in the subject of ethics. Producers are no longer required to do 18 hours of classroom CE.   A producer may receive CE credits for self-study courses …

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How many hours of Continuing Education do I need to renew my Missouri Insurance License?

If you are a Missouri Resident, it depends on your license type.  Look at the chart below: Type of license Minimum CE requirement Life and/or health 16 hours every two years, which must include 3 hours of ethics Property/casualty/personal lines 16 hours every two years, which must include 3 hours of ethics Title 8 hours …

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