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Florida Laws and Rules Pertinent to Insurance Exam Questions Answered (50 Questions)
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Florida Laws and Rules Pertinent to Insurance Exam Questions Answered (50 Questions)
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Florida Laws and Rules Pertinent toInsurance Exam Questions Answered (50
Questions)
All of the following are Nonforfeiture Options EXCEPT
-Cash Surrender Option
-Extended Term Option
-Reduced Paid-Up Option
-Automatic Premium Loan Option - Correct Answer
✅Automatic Premium Loan Option
What do Dread Disease policies cover? - Correct Answer
✅a specific disease or illness
in Florida, most life insurance policies have a contestability
period of - Correct Answer ✅2 years
J is an agent who recently told a claimant that his rights
might be impaired if he does not complete a release form
within a specified time. What could this agent be found guilty
of? - Correct Answer ✅coercion
, Florida Laws and Rules Pertinent to
Insurance Exam Questions Answered (50
Questions)
Convincing a prospective insured to buy an insurance policy
based on exaggerations is called - Correct Answer
✅misrepresentation
Upon reaching the limiting age, a handicapped child can
extend their health insurance coverage as a dependent -
Correct Answer ✅only if the child is incapable of
employment and chiefly dependent on the policyowner
Which of the following provisions is NOT required in HMO
contracts/certificates?
-Enrollment
-Rates shall not be excessive
-No pre-existing exclusions for children
-Seven-day grace period - Correct Answer ✅7 day grace
period
Which of the following is a standard provision of the
conversion privileges in a Group Life policy? - Correct
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