Florida Life & Health Insurance Exam Bundle

T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death b...

Which Accident and Health policy provision addresses preexisting conditions? - Answer Time Limit on Certain Defenses Which of the following individual health insurance policies will provide the broadest protection? - Answer Major Medical Which of the following situations does NOT apply to the ...

Insured - Answer The person covered by the insurance policy. Rider - Answer A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - Answer A contract in which only one of the parties is legally bound to fulfill its obli...

All of these statements about Equity Indexed Life Insurance are correct, EXCEPT - Answer The premiums can be lowered or raised, based on investment performance With Accidental Death and Dismemberment policies, what is the purpose of the Grace Period? - Answer Gives the policy owner additional tim...

Which of the following statements about guaranteed renewable health insurance policy is correct? - Answer Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? - Answer Buyers guide and policy summary T would like to be assured $10,000 is avail...

Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information...

Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care - Answer Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a b...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - Answer Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that cove...

Accumulation units are converted into annuity units: - Answer at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Answer noncontributory If a disabled worker covered under Social Security disability ben...