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Chapter exam - florida laws and rules Test Questions and Answers.
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Chapter exam - floridalaws and rules Test
Questions and Answers
Denning [Date] [Course title]
, According to Florida law, an additional notice must be issued after the standard grace period has expired
for policyowners age - Correct Answers: 64
The waiting period for a pre-existing condition under a Medicare Supplement policy may NOT go beyond
- Correct Answers: 6 months
Which of the following employer tasks does a Professional Employer Organization normally handle? -
Correct Answers: Administration tasks
Which of the following is an example of an Unfair Trade Practice? - Correct Answers: coercion
Which two entities regulate variable annuities? - Correct Answers: 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? -
Correct Answers: Projection of the policy's future costs
Which action could result in a hearing being ordered by the Department of Financial Services? - Correct
Answers: Performing insurance transactions without a license
All of these are a prerequisite for becoming a licensed agent EXCEPT - Correct Answers: 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? - Correct Answers: 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 -
Correct Answers: 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? -
Correct Answers: First degree misdemeanor
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