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Florida insurance law and rules Test Questions and Answers.
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Florida insurance law andrules Test Questions and
Answers
Denning [Date] [Course title]
, Which of the following is a standard provision of the conversion privileges in a Group Life policy? -
Correct Answers: 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? - Correct Answers: Moody's corporate
bond index
A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the
policy's face value. - Correct Answers: viatical settlement provider
What do Dread Disease policies cover? - Correct Answers: 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? - Correct Answers: 0
All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT -
Correct Answers: 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? - Correct Answers: 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? - Correct Answers: Monthly
Which of the following acts is an agent NOT authorized to do on behalf of an insurer? - Correct Answers:
Authorize claim payments
All of these are a prerequisite for becoming a licensed agent EXCEPT - Correct Answers: Graduate from
high school
Florida requires that coverage for newborns begins "from the moment of birth" and continues for -
Correct Answers: 18 months`
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