Chapter Exam - Florida Laws and Rules
2024/25; Questions & Answers 100% Correct
According to Florida law, an additional notice must be issued after the standard
grace period has
expired for policyowners age 64
The waiting period for a pre-existing condition under a Medicare Supplement
polic...
Chapter Exam - Florida Laws and Rules
2024/25; Questions & Answers 100% Correct
According to Florida law, an additional notice must be issued after the standard
grace period has
expired for policyowners age ✔✔64
The waiting period for a pre-existing condition under a Medicare Supplement
policy may NOT
go beyond ✔✔6 months
Which of the following employer tasks does a Professional Employer
Organization normally
handle? ✔✔Administration tasks
Which of the following is an example of an Unfair Trade Practice? ✔✔coercion
Which two entities regulate variable annuities? ✔✔Department of Financial
Services; and
Securities Exchange Commission
Which of the following is NOT required in the Outline of Coverage for a health
insurance
policy? ✔✔Projection of the policy's future costs
Which action could result in a hearing being ordered by the Department of
Financial Services?
✔✔Performing insurance transactions without a license
, Chapter Exam - Florida Laws and Rules
2024/25; Questions & Answers 100% Correct
All of these are a prerequisite for becoming a licensed agent EXCEPT ✔✔to
graduate from high
school
W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years
later, the company discovered W's true age at issue had been 59. What would
the normal
procedure be under the misstatement of age provision in regard to the payment
of the death
claim? ✔✔The proceeds would be reduced based on whatever the premium
would have been if
purchased at age 59
In Florida, the underwriting and issuance of a master group health policy
requires that all
employees ✔✔are eligible to participate, regardless of their individual health
history
Which of the following is NOT a consequence for placing business with an
unauthorized
insurer? ✔✔First degree misdemeanor
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