XCel 2-15 Florida Life & Health State Exam Simulator/ 197 Q&A.
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Course
Florida Life & Health
Institution
Florida Life & Health
XCel 2-15 Florida Life & Health State Exam Simulator/ 197 Q&A. Terms like:
when a policyowner cash surrenders a universal life insurance policy in its early years, this may be considered a red flag for a(n) - Answer: anti money laundering violation
When is a Group Health policy required to p...
XCel 2-15 Florida Life & Health State Exam
Simulator/ 197 Q&A.
when a policyowner cash surrenders a universal life insurance policy in its early
years, this may be considered a red flag for a(n) - Answer: anti money laundering
violation
When is a Group Health policy required to provide coverage for a newborn child? -
Answer: at the moment of birth
which of the following situations does not apply to the florida replacement rule -
Answer: an existing policyholder purchases an additional policy from the same
insurer
Page 1 of 30
,under a renewable term policy - Answer: the renewal premium is calculated on
the basis of the insured's attained age
D owns a Whole Life policy that was purchased 10 years ago. If the premium
payments suddenly stop and D takes no additional action, which Nonforfeiture
Option will the insurer likely proceed with? - Answer: extended term
In Florida, which employee is eligible for an employer's group term life plan? -
Answer: employee who works more than 40 hours per week
which of the following statements is correct regarding an employer/employee
group health plan - Answer: the employer receives a master policy and the
employees receive certificates
all of the following statements regarding a tax sheltered annuity (tsa) are true
except - Answer: income derived from the tsa is received income tax free
How would a contingent beneficiary receive the policy proceeds in an Accidental
Death and Dismemberment (AD&D) policy? - Answer: if the primary beneficiary
dies before the insured
A student pilot can pay regular premium costs for her life insurance policy with
the addition of which of the following? - Answer: aviation exclusion
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, which of these statements is incorrect regarding a preferred provider organization
(ppo)? - Answer: ppos are not a type of managed care systems
which of the following is considered an accurate statement of an unfair trade
practice? - Answer: twisting involves an agent using misrepresentation to
convince a policyowner to cancel their current policy so that they can purchase a
new life insurance policy with another company
what is floridas definition of life insurance replacement - Answer: a transaction in
which a new policy is bought and an old policy is terminated
a sole proprietor may use this plan only if the employees of this business are
included - Answer: keogh pension plan
a primary beneficiary has died before the insured in a life insurance policy. a
contingent beneficiary is also named in the policy. which of the following will
occur when the insured dies - Answer: proceeds will go to the contingent
beneficiary
Upon delivery of a rated life insurance policy, the Producer must obtain each of
the following EXCEPT - Answer: signed hipaa disclosure
which of these is not relevant when the determining the amount of personal life
insurance needed - Answer: local unemployment rates
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