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FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED VERIFID BY EXPERTS CA$26.54   Add to cart
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FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED VERIFID BY EXPERTS
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FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED VERIFID BY EXPERTS

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  • January 6, 2024
  • 28
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida life and health
  • florida life
  • florida life and health 2 15 final exam 300 quest
  • florida life and health 2 15
  • florida life and health 2 15 final exam

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  • FLORIDA LIFE AND HEALTH 2-15
  • FLORIDA LIFE AND HEALTH 2-15

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FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS
AND CORRECT DETAILED ANSWERS 2023-2024 UPDATE
ALREADY A GRADED VERIFID BY EXPERTS

The COBRA gives workers (and their families) whose employment has been terminated the right to... -
CORRECT ANSWER Continue group health benefits



Under Florida law, which of the following provisions is NOT required in a Medicare Supplement policy? -
CORRECT ANSWER Limitation on pre-existing conditions for up to 12 months.



What are adjustable rates for life policy loans in Florida based on? -CORRECT ANSWER Moody's
corporate bond index



A policyowner's rights are limited under which beneficiary designation? -CORRECT ANSWER Irrevocable



A trustee-to-trustee transfer or rollover funds in a qualified plan allows a participant to avoid: -CORRECT
ANSWER Mandatory income tax withholding on the transfer amount.



J is an agent who has induced an insured through misrepresentation to surrender an existing insurance
policy. What is J guilty of? -CORRECT ANSWER Twisted (got me twisted)



Who's life is covered on a life insurance policy that contains a payor benefit clause? -CORRECT ANSWER
Child



Which of the following annuities pays benefits based on units rather that specific dollar amounts -
CORRECT ANSWER A Variable annuity



the USA Patriot Act was enacted in -CORRECT ANSWER 2001

,Which of the following factors affect the amount of monthly disability benefits payable under social
security? -CORRECT ANSWER The THE AMOUNT OF BENEFITS AVAILABLE from other sources




Which of these types of coverage is best described as a short term medical policy -CORRECT ANSWER
INTERIM coverage



Which of the following provisions specifies how long a policy owner's health coverage will remain in
effect if the policy owner does not pay the premium when it is due? -CORRECT ANSWER Grace period



As a condition for a loan, a bank requires the borrower to purchase credit insurance from a specific
company. What is the bank guilty of? -CORRECT ANSWER Coercion




What type of rider would be added to an Accident and Health Policy if the policy owner wants to ensure
the policy will continue if he/she ever becomes totally disabled? -CORRECT ANSWER Waiver of Premium
Rider

A physician opens up a new practice and qualifies for a $7,000/monthly Disability income policy. What
rider would the physician add if he wants the ability to increase his policy benefits as his practice and
income grow? -CORRECT ANSWER Guaranteed insurability option rider




A Disability Income policyowner suffers a disability which was due to the same cause as a previous
disability. Both disabilities occurred within a five-month period. The insurer may cover the second
disability without a new elimination period under the: -CORRECT ANSWER Recurrent disability provision



What is the purpose of the Life and Health Insurance Guaranty Association? -CORRECT ANSWER Protect
policy owners against insolvent insurance companies

, In Florida, which of the following practitioners normally do NOT receive payment from health insurance
policies? -CORRECT ANSWER Naturopaths



S would like to use dividends from her life insurance policy to purchase paid-up additions. All of these
would be factors that determine how much coverage can be purchased EXCEPT -CORRECT ANSWER S's
attained age



In regards to representations or warranties which of these statements is true -CORRECT ANSWER if
materialto the Risk, false representation will void the policy



Which of these action should be a producer take went to submitting and insurance application to an
insurer? -CORRECT ANSWER Inform insure relevant information not included on the application



An immediate annuity consist of a: -CORRECT ANSWER Single premium



A life insurance application must be signed by all of these except -CORRECT ANSWER The beneficiary
(kid)



Additional coverage can be added to a whole life policy by adding a(n): -CORRECT ANSWER Decreasing
term rider



Under what system do a group of doctors and hospitals in a designated area contact with an insurer to
provide any service to a prearrange cost to the insured -CORRECT ANSWER PPO



W is a 39-year-old female who just purchased an annuity to provide income for life starting at age 60. All
of these would be acceptable annuity choices except -CORRECT ANSWER Immediate annuity



Florida 14 day free look period for life insurance policy begins at the -CORRECT ANSWER Date of delivery

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