Florida Life Exam Bundle with Complete Solutions Latest Updated 2024

FL Life and Annuity Study Questions with Correct Answers 100% Verified and Graded A+ A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid - Correct Answer mandatory income tax withholding on the transfer amount C is trying to determine whether to conv...

Florida Life and Variable Annuity Insurance Study Questions with Correct Answers 100% Verified and Graded A+ Which of the following does a life insurance policy summary normally include? - Correct Answer The policy's cash value Nonprofit insurance providers that are covered by a special section...

Xcel Florida Life and Variable Annuity Insurance Only Course Study Questions with Correct Answers 100% Verified and Graded A+ reserve - Correct Answer funds held by the company to help fulfill future claims. Minimum reserves are set by the state Department of Insurance Multi-Line Insurer - Corre...

Florida Life Insurance Study Questions with Correct Answers 100% Verified and Graded A+ Mutual Insurance Companies - Correct Answer organized and incorporated under state laws. No stockholders. Mutual companies - Correct Answer Participating, they pay dividends. Stock company - Correct Answer...

________________________________________ Florida Life and Health Insurance Study Questions with Correct Answers 100% Verified and Graded A+ Insured - Correct Answer The person covered by the insurance policy. Rider - Correct Answer A written modification attached to a policy that increases ...

FL Life, Health and Annuities Licensing 2-15 Study Questions with Correct Answers 100% Verified and Graded A+ 3 ways insurance contracts are different than other legally binding documents - Correct Answer Number one. They are aleatory. Meaning the insured pays a premium but may not receive anything...

Florida Life and Variable Annuity Insurance FINAL EXAM part 2 Questions with Best Solutions Which of the following employers is required to follow ERISA regulations? - Correct Answer A local electrical supply company with 12 employees What is created after policy proceeds are obtained in a lump ...

Final Exam - Florida Life and Health Study Questions with Correct Answers 100% Verified Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Correct Answer Misrepresentation Who owns a stock company? - Correct Answ...

FL Life and Health Insurance 2-15 Study Exam (165 questions) with Correct Answers 100% Verified N is covered by a Term Life policy and does not make the required premium payment which was due August 1. N dies September 15. What action will the insurer take? - Correct Answer Claim will be denied. ...

Chapter 19/4: Florida Life Review ctd Study Questions with Correct Answers 100% Verified An agent must believe that the sale of a fixed, indexed, or variable annuity is: - Correct Answer An agent must believe that the sale of a fixed, indexed, or variable annuity is suitable for the person. The co...

Florida 2-15 Overview/ Study Guide (Fool Proof Guide): Annuities with Correct Answers 100% Verified Annuity - Correct Answer A savings plan within an insurance company instead of a bank. - An annuity is not considered insurance, but the life insurance industry handles them Fixed Annuity - Corre...

Florida Life Insurance Study Questions with Correct Answers 100% Verified In insurance, an offer is usually made when - Correct Answer An applicant submits an application to the insurer An individual is purchasing a permanent life insurance policy with a face value of $25,000. While this is all ...

Florida Agent's Health & Life (including Annuities & Variable Contracts) Chapter 2 Study Questions with Correct Answers 100% Verified and Graded A+ A Straight Life policy has what type of premium? A A variable annual premium for the life of the insured B A level annual premium for the life of th...

FL Statutes, Rules, Regs Pertinent to Life/Annuity Insurance Including Variable Products Study Questions with Correct Answers 100% Verified Florida Replacement Rule - Correct Answer the requirements and procedures to be followed by insurance companies and insurance producers when a proposal is bein...

Florida Health and Life Insurance State Exam Practice Part 1 with Correct Answers 100% Verified Which Accident and Health policy provision addresses preexisting conditions? - Correct Answer Time Limit on Certain Defenses Which of the following individual health insurance policies will provide th...

Florida Laws and Rules Pertinent to Insurance Ch. 8 Study Questions with Correct Answers 100% Verified How many hours of continuing education must a newly licensed agent complete every two years - Correct Answer 24 A variable life insurance agent must be licensed and appointed as a life and vari...

Chapter 17/5: Florida Life Regulations Continued (ctd.) Study Questions with Correct Answers 100% Verified All of the following practices must be used by agents selling annuities to senior citizens, EXCEPT: - Correct Answer Agents selling annuities to senior citizens must not use cold lead advertis...

( 8 ) - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified Insurance companies that are organized in countries outside the United States are referred to as? Alien. (An insurance company that is organized or chartered in a country other than the United...

Florida Statutes Rules and Regulations Pertinent to Life Insurance Study Questions with Correct Answers 100% Verified Florida life insurance solicitation law - Correct Answer Spells out the infirmation and procedures required of agents and insurers when proposing life insurance to a prospective buy...

Florida Health & Life (Including Annuities & Variable Contracts) Study Questions with Correct Answers 100% Verified Risk - Correct Answer Can be defined as uncertainty regarding financial loss Speculative Risks - Correct Answer You can Win or lose/ loss or gain Pure Risks - Correct Answer Onl...

2-15 Final Exam Questions with Correct Answers 100% Verified 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company - Correct Ans...

FLA Health and Life and Annuity (inc.Var.Contracts) Agent (0215) - Textbook Terms & Exam Q/A 100% Verified and Graded A+ Unilateral Contract - Correct Answer one-sided contract agreement in which an offeror promises to pay only after the completion of a task by the offeree. Aleatory Contract - C...

Florida Health, Life & Annuity End of Course Exam 3 Questions with Correct Answers 100% Verified How frequently must domestic insurers be examined by the Office of Insurance Regulation? Select one: a. Annually b. At least once every other year c. At least once every 5 years d. Upon the Offic...

Florida Agent's Health & Life (including Annuities & Variable Contracts) Chapter 7 Study Questions with Correct Answers 100% Verified An insured has endured multiple surgeries and hospitalizations for an illness during the summer months. Her insurer no longer bills her for medical expenses. What t...

Florida Insurance Study Questions with Correct Answers 100% Verified under cafeteria benefit plans - Correct Answer employee must make up the difference Which of the following does NOT fit in with basic forms of health insurance plans? - Correct Answer Key person insurance There are three bas...

6 ________________________________________ (Health) 8 - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified The Bureau of Unclaimed Property is overseen by the - Correct Answer Chief Financial Officer The Chief Financial Officer oversees the Bure...

6 ________________________________________ Life, Health, and Annuity LAWS Florida Study Questions with Correct Answers 100% Verified policy forms must be filed at least ___ days before use. - Correct Answer 30 days Market conduct examinations at least once every ___ years. - Correct Answer...

Florida Health, Life & Annuity End of Course Exam 4 Questions with Correct Answers 100% Verified Identify the part of the application that would have the applicant's medical history: Select one: a. Part 1 b. Part 2 c. Part 3 d. All of the above - Correct Answer Part 2 of the application col...

2-15 Florida Insurance Exam Questions with Correct Answers 100% Verified Risk - Correct Answer Can be defined as uncertainty regarding loss Pure Risk - Correct Answer Involve only the chance of loss; It's the only insurable risk. Speculative Risk - Correct Answer A chance for gain and a chan...

Florida State Exam Life Insurance Questions with Correct Answers 100% Verified What does the insuring agreement in a Life insurance contract establish? - Correct Answer An insurer's basic promise Which statement about a whole life policy is true? - Correct Answer Cash value may be borrowed agai...

Florida Health and Life Insurance Exam Questions with Correct Answers 100% Verified According to Mandatory Uniform Policy Provisions, what is the maximum amount of time after the premium due date during which the policy remains in force even though the premium has not been paid? - Correct Answer 31...

8 - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified A mutual insurance company and a stock insurance company have one main difference between them. What is this major contrast? - Correct Answer Stock company is owned by its shareholders. Mutual compa...

Florida Life & Health Practice Test Questions with Correct Answers 100% Verified 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 th...

Florida Health, Life & Annuity End of Course Exam 2 Questions with Correct Answers 100% Verified When Claire's father took out a policy on her life, he was the policy owner and Claire was the insured. This is an example of: Select one: a. Third party ownership b. Maximum benefit rider c. Dep...

Florida Statutes, Rules, and Regulations, Pertinent to Life Insurance Products 18% Study Questions with Correct Answers 100% Verified Marketing Practices - Correct Answer Insurance agents are required to be familiar with ALL Florida insurance regulations. The MOST important of these are: 1. ...

Insurance Exam Chapter 9 Questions with Correct Answers 100% Verified earliest a single premium immediate annuity can be paid is - Correct Answer 1 month annuities can liquidate - Correct Answer an estate When the annuitization period starts, the accumulated value no longer belongs to the ann...

Florida Life Insurance Study Questions with Correct Answers 100% Verified the receipt given to a life insurance applicant when the application is completed and the initial premium is recieved is called an Insurable Receipt Conditional receipt unconditional receipt ensuring receipt - Correct A...

Florida 215 Exam Questions with Correct Answers 100% Verified A medigap policy is a Medicare supplement insurance policy sold by private insurance companies to : - Correct Answer Fill the gaps in medicare part a and b Generally Noncontributory group health plans require what percentage of partic...

Florida Insurance Law and Rules Study Questions with Correct Answers 100% Verified Which of the following is a standard provision of the conversion privileges in a Group Life policy? - Correct Answer Group Life coverage can be converted to an individual policy at regular rates on an attained-age ba...

Life and Health Insurance- Florida 2-15 Study Questions with Correct Answers 100% Verified Which of these arrangements allows one to bypass insurable interest laws? - Correct Answer Investor-Originated Life Insurance What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary re...

Florida Insurance Laws Study Questions with Correct Answers 100% Verified Chief Financial Officer (CFO) - Correct Answer Serves as head of the Florida Department of Financial Services (FLDFS) Financial Services Commission - Correct Answer Administers banking and securities regulation through the...

FL 2-15 Practice Questions with Correct Answers 100% Verified What type of insurance contract contains unequal contingencies on the potential for profit or loss on both parties in the contract? - Correct Answer Aleatory of contract There is an element of chance for both parties. Dollar given by...