Whole; Florida 2-15 Insurance License Exams Solved 100% With Correct Answers

Florida 2-15 Insurance License Exam (150 Questions and Answers) Verified Answers 2023/2024 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....

Florida 2-15 Insurance license Solved 100% Correct With Rationale All of the following benefits are available under Social Security EXCEPT A. welfare benefits B. death benefits C. old-age or retirement benefits D. disability benefits [Answer: - A. Social Security provides death benefits, old-...

Florida 2-15 Test Solved 100% Correct When a stock life insurance company issues both participating and nonparticipating policies, it is referred to as a company doing business as a: [Answer: Mixed plan A peril is the cause of a risk. A hazard is the source of danger. [Answer: Peril, hazard S...

Florida 2-15 Exam Questions and Answers In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? [Ans: - 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer...

Florida 2-15 Exam Questions and Answers With Rationale What is the minimum free look period for life insurance policies in Florida? Select one: a. 14 days b. 21 days c. 30 days d. 31 days Rationale: The unconditional refund time (free look period) for life insurance policies in Florida is at...

Florida 2-15 Health & Life License - Section #1 (Insurance Concepts) Questions and Answers When a party is forbidden by legal action from exercising a right it is known as a. Estoppel b. Waiver c. Exclusion d. Forbearance (Answer: - Estoppel - occurs when a company is not allowed to exercise a ...

Florida Insurance 2-15 Questions and Answers 2023/2024

Florida Insurance Exam (2-15) With Complete Solutions (Solved 100% Correct) A policyowner has just informed the agent that she is younger than what was stated in the policy. The agent should: - Ans: - notify the insurance company for a possible adjustment of the policy. Which medical expense pla...

Florida Life and Health Insurance State Exam Review (2-15) 2023/2024 With all Correct Answers

Florida Life and Health Insurance State Exam Review (2-15) Answered When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as [Answer: - Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to [Answ...

Life and Health Insurance- Florida 2-15 Exam 2023 Solved 100% Which of these arrangements allows one to bypass insurable interest laws? (Answer: - Investor-Originated Life Insurance What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a chang...