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Florida Insurance Law and Rules Actual Test Containing 80 Questions & Answers 2024 $12.99
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Florida Insurance Law and Rules Actual Test Containing 80 Questions & Answers 2024

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Terms like: Which of the following is a standard provision of the conversion privileges in a Group Life policy? - ANS: Group Life coverage can be converted to an individual policy at regular rates on an attained-age basis What are adjustable rates for life policy loans in Florida based on? - ANS...

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  • May 26, 2024
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  • Florida Insurance Law and Rules Actual Tst
  • Florida Insurance Law and Rules Actual Tst

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By: Nursexpert • 1 week ago

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Benzo
Florida Insurance Law and Rules Actual
Test Containing 80 Questions & Answers
2024
Which of the following is a standard provision of the conversion privileges in a
Group Life policy? - ANS: Group Life coverage can be converted to an individual
policy at regular rates on an attained-age basis


What are adjustable rates for life policy loans in Florida based on? - ANS: Moody's
corporate bond index




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, A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value. - ANS: viatical settlement provider


What do Dread Disease policies cover? - ANS: A specific disease or illness


What is the required minimum percentage of employee participation for a
noncontributory group health insurance plan according to Florida Law? - ANS: 0


All of the following entries are classified under the four principal areas of Florida
insurance law EXCEPT - ANS: An agent's commission


K is an agent who made an improper sale of an annuity to a client. Which of the
following corrective actions would the Department of Financial Services likely
order K to take? - ANS: Pay monetary restitution to the client


Under an Individual Disability policy in Florida, what is the minimum schedule of
time in which claims must be made to an insured? - ANS: Monthly


Which of the following acts is an agent NOT authorized to do on behalf of an
insurer? - ANS: Authorize claim payments


All of these are a prerequisite for becoming a licensed agent EXCEPT - ANS:
Graduate from high school




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