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215 FL LICENSE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
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215 FL LICENSE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
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215 FL LICENSE EXAM QUESTIONSWITH CORRECT DETAILED ANSWERS
GRADED A+
QUESTION; Medicare part B does not cover - ANSWER-inpatient hospital services
QUESTION; Which plan is intended to be used by a sole proprietor and employees of that business? -
ANSWER-Keogh Plan
QUESTION; Which of the following provisions is not required in HMO contracts/certificates? - ANSWER-
Seven-day grace period
QUESTION; In Florida, and ensure license to conduct business in Florida, but domiciled in New Jersey, is
called a(n) - ANSWER-Foreign company
QUESTION; Which of these types of policies may not have the automatic premium loan provision
attached to it? - ANSWER-Decreasing term
QUESTION; Which of the following documents must an agent submit to the replacing insurance company
during the replacement of an existing life insurance policy? - ANSWER-Notice to existing and replacing
insurers of intention to replace
QUESTION; Which of the following is not considered rebating? - ANSWER-Sharing commissions with an
agent licensed in the same line of business
QUESTION; According to Florida law which of the following statements accurately describes an admitted
mail order insurance company? - ANSWER-It may solicit insurance business by mail without the
assistance of a licensed agent
QUESTION; If an insurance company issues a disability income policy that it cannot cancel or for which it
cannot increase premiums the type of renewability that best describes this policy is called - ANSWER-
noncancellable
,QUESTION; How does group insurance differ from individual insurance? - ANSWER-Premiums are lower
QUESTION; The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the - ANSWER-Insuring clause
QUESTION; Medicare part B does not cover - ANSWER-inpatient hospital services
QUESTION; Which plan is intended to be used by a sole proprietor and employees of that business? -
ANSWER-Keogh Plan
QUESTION; Which of the following provisions is not required in HMO contracts/certificates? - ANSWER-
Seven-day grace period
QUESTION; In Florida, and ensure license to conduct business in Florida, but domiciled in New Jersey, is
called a(n) - ANSWER-Foreign company
QUESTION; Which of these types of policies may not have the automatic premium loan provision
attached to it? - ANSWER-Decreasing term
QUESTION; N purchases an annuity by making payments in an amount no less than $100 quarterly. This
describes which of the following annuities? - ANSWER-Flexible Installment Deferred
QUESTION; The insurer must provide a perspective buyer with a(n) - ANSWER-Buyers guide and policy
summary
QUESTION; P is an employee who quits her job and wants to convert her group health coverage to an
individual policy. After the expiration of COBRA laws, Which of the following statements is true? -
ANSWER-She does NOT need to provide evidence of insurability
QUESTION; Which of the following consist of an offer, acceptance, and consideration? - ANSWER-
Contract
, QUESTION; Which of the following health insurance policy provisions specifies the healthcare services a
policy will provide? - ANSWER-Insuring clause
QUESTION; Group/voluntary long-term care policy premiums are typically deducted from the employees
income and, - ANSWER-are less costly as compared to individual long term care coverage
QUESTION; During the application process, the agents primary Responsibility is to - ANSWER-insurance
company
QUESTION; I am complete an application for life insurance but does not pay the initial premium. All of
these actions must occur before M's policy goes into effect except - ANSWER-Free look period has
expired
QUESTION; With accidental death and dismemberment policies, what is the purpose of the grace
period? - ANSWER-Gives the policyowner additional time to pay past due premiums
QUESTION; A mutual insirandw company and a stock insurance company have one main difference
between them. What is this major contrast? - ANSWER-Stock company is invited shareholders. Mutual
company is owned by its policyholders.
QUESTION; The notice of claims provision requires a policy owner to - ANSWER-Notify an insurer of a
claim within a specified time
QUESTION; What percentage of eligible persons must a policy cover in a non-contributory group? -
ANSWER-100%
QUESTION; And insurer receives proof Of loss for an acceptable medical expense claim under an
individual health insurance policy. Under the time of payment of claims provision, the insurer must pay
the benefits - ANSWER-Immediately
QUESTION; A father who dies within three years after purchasing a life insurance policy on his infant
daughter can have the policy premiums waved under which provision? - ANSWER-Payor Provision
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