Florida Life and Health Insurance practice questions & Answers(GRADED A)Bundled ExamsFlorida Life and Health Insurance practice questions & Answers(GRADED A)Bundled ExamsFlorida Life and Health Insurance practice questions & Answers(GRADED A)Bundled ExamsFlorida Life and Health Insurance practice q...
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The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWER Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that cove...
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Add to cartThe clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWER Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that cove...
In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - ANSWER 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with ...
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Add to cartIn a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - ANSWER 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with ...
risk pooling - ANSWER spreading risk over a large group of people law of large numbers - ANSWER larger the group, the more certain the predictions
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Add to cartrisk pooling - ANSWER spreading risk over a large group of people law of large numbers - ANSWER larger the group, the more certain the predictions
Insurance - ANSWER Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - ANSWER Is based on actuarial or mathematical principles and guarantees...
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Add to cartInsurance - ANSWER Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - ANSWER Is based on actuarial or mathematical principles and guarantees...
A Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANSWER Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANSWER They mandate enrollment for groups of 25 or more
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Add to cartA Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANSWER Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANSWER They mandate enrollment for groups of 25 or more
When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as - ANSWER Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to - ANSWER Prevent overinsurance Which of the following statements is NOT t...
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Add to cartWhen life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as - ANSWER Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to - ANSWER Prevent overinsurance Which of the following statements is NOT t...
The Role of Insurance - ANSWER Security is peace of mind. To protect your dependents from financial hardships brought about by premature death. The Role of Health Insurance - ANSWER To provide funds for medical expenses or to cover the loss of income due to sickness or injury. Medical expenses ca...
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Add to cartThe Role of Insurance - ANSWER Security is peace of mind. To protect your dependents from financial hardships brought about by premature death. The Role of Health Insurance - ANSWER To provide funds for medical expenses or to cover the loss of income due to sickness or injury. Medical expenses ca...
Insured - ANSWER The person covered by the insurance policy. Rider - ANSWER A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - ANSWER A contract in which only one of the parties is legally bound to fulfill its obli...
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Add to cartInsured - ANSWER The person covered by the insurance policy. Rider - ANSWER A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - ANSWER A contract in which only one of the parties is legally bound to fulfill its obli...
Within how many days must a licensee notify the Department of Financial Services of a change in address? - ANSWER 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - ANSWER An agent's commission Which of the following factors is N...
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Add to cartWithin how many days must a licensee notify the Department of Financial Services of a change in address? - ANSWER 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - ANSWER An agent's commission Which of the following factors is N...
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