Series 215 Health Insurance License Questions & Answers
3 views 0 purchase
Module
Series 215 Health Insurance License
Institution
Series 215 Health Insurance License
A group plan was recently terminated. In Florida, how many days are covered individuals guaranteed coverage after a group plan's terminated - ANSWERS31 Days
Which. of these is NOT a legal entity for selling life insurance in Florida
- independent agency system
- risk management advisors
- ...
florida requires that coverage for newborns begins
Written for
Series 215 Health Insurance License
Series 215 Health Insurance License
Seller
Follow
Bestgrades2
Content preview
Series 215 Health Insurance License
Questions & Answers
A group plan was recently terminated. In Florida, how many days are covered
individuals guaranteed coverage after a group plan's terminated - ANSWERS31 Days
Which. of these is NOT a legal entity for selling life insurance in Florida
- independent agency system
- risk management advisors
- career agency system
-personal producing general agency - ANSWERSRisk Management Advisors
Florida requires that coverage for newborns begins "from the moment of birth" and
continues for - ANSWERS18 months
Under Florida law, which of the following provisions is NOT required in a Medicare
Supplement policy?
- Suitability Form
- Guaranteed issue
- Free-Look period of 30 days
-Limitation on pre existing conditions for up to 12 months - ANSWERSLimitation on pre-
existing conditions for up to 12 months
T is an employee covered under a group life policy. If T's employment terminated, the
conversion for your privilege gives T the right to convert. - ANSWERSTo an individual
policy upon employment termination
Which of the following employees may not be excluded from group life plan? -
ANSWERSFull-time employees after the probationary period.
In order for a domestic foreign or alien insurance company to conduct business, must
be authorized by whom? - ANSWERSThe state where they are conducting business
,An example of rebating would be - ANSWERSoffering a client something of value not
stated in the contract in exchange for their business
According to Florida law, a group life insurance policy requires a minimum of how many
insureds? - ANSWERSNo minimum
K is insured under a Group Life Insurance policy. K is considered to be a(n) -
ANSWERScertificate holder
A long-term care lapse notice must be delivered to both applicant and -
ANSWERSSecondary addressee
An agent may provide a prospective client with an advertising gift, as long as the value
about a gift does not exceed - ANSWERS$100
During the course of an insurance transaction, if an agent makes a false claim, he, or
she can be found guilty of - ANSWERSMisrepresentation
What is Florida's definition of life insurance replacement? - ANSWERSA transaction in
which a new policy is bought and an old policy is terminated
When replacing or exchanging an annuity, the agent must disclose the annuitant -
ANSWERSthe possible tax ramifications as a result of the transaction
Group life policy is in Florida are required to contain a conversion privilege that allows
for conversion - ANSWERSTo individual policy for stated period of time
Eligibility for coverage under the Florida healthy kids corporation requires a Family to be
within ?% a federal poverty level. - ANSWERS200%
In Florida, which employee is eligible for an employer's group term life plan? -
ANSWERSEmployee who works more than 40 hours per week
Example of an unfair claim practice would be - ANSWERSFailing to effectuate prompt,
Fair, and equitable settlements of a claim
J owns a business and has a Group Life policy covering her employees. J decides to
cancel the policy by letting it lapse on the renewal date. What action must be taken? -
ANSWERSAll of the employees must be notified of the cancellation either by the
insurance company or through J
Which of the following professional organizations has its code of ethics incorporated into
Florida law? - ANSWERSNAIFA (National Association of Insurance and Financial
Advisors)
,Association plans that are designed to provide health benefits, for their members are
regulated by the state because - ANSWERSThey are insured by an authorized insurer
Who does an agent represent during the solicitation of insurance? -
ANSWERSinsurance company
Under which circumstance me a licensed agent in Florida, represent an unauthorized
entity? - ANSWERSNever
An insurance company must act on Accident and Health insurance application for the
reinstatement within how many days? - ANSWERS45 days
During the application process, the agent's primary responsibility is to -
ANSWERSinsurance company
Which Under Trade Practice involves an agent, telling a prospective client that a
policies dividends are guaranteed? - ANSWERSMisrepresentation
A Multiple Employer Welfare Agreement (MEWA) provide what type of benefits? -
ANSWERSInsurance (insurance benefits)
What do families pay that are covered by the Florida Healthy Kids Corporation? -
ANSWERSA portion of the premium.
(Families with children covered by the Florida Healthy Kids Corporation program pay
only a portion of the premium.)
An example of an unfair trade practice is - ANSWERSan agent making a material
misrepresentation to the insured
A license may be denied, suspended, or revoked if the licensee - ANSWERSis found
guilty of misrepresentation
When is a group health policy required to provide coverage for a newborn child? -
ANSWERSAt the moment of birth
The Bureau of Unclaimed Property is overseen by the - ANSWERSChief Financial
Officer
Which of the following documents must an agent submit to the replacing insurance
company during the replacement of an existing life insurance policy? -
ANSWERSNotice to existing and replacing insurers of intention to replace
Which entity approve the insurance policy form is used in Florida? - ANSWERSOffice of
Insurance Regulation (OIR)
, S takes out a health insurance policy, which contains a provision that states that the
agent does not have the authority to change the policy or waive any of its provisions.
Which health policy provision is this? - ANSWERSEntire Contract
What is the required minimum percentage of an employee participation for non
contributory group health insurance plan, according to Florida law? - ANSWERS0%
A life insurance policy owner may sell their policy to a ________ In order to receive a
percentage of the policies base value. - ANSWERSViatical settlement provider
Within how many days after policy delivery can a Medicare supplement policy be
returned for 100% premium refund? - ANSWERS30 days
Which of the following MUST be included in a Medicare Supplement policy's Outline of
Coverage?
-future costs
-limitations and exceptions
-agent's contact info
-copy of the MIB report - ANSWERSThe policy's limitations and exceptions
Which of the following acts is an agent NOT authorized to do on behalf of an insurer?
-accept premiums from policy owners
-complete insurance applications
-authorize claim payments
-ask health related questions - ANSWERSAuthorize claim payments
In Florida, an insurer licensed to conduct business in Florida, but domiciled in New
Jersey, is called a(n)
-non-admitted company
-Foreign company
-Domestic company
-Alien company - ANSWERSforeign company
A life insurance policies grace period entitles the insured a period of no less than ___
days to make the premium payment
25
30
35
40 - ANSWERS30 days
According to Florida's rules on disclosure, life insurance application is expected to be
provided with
-certificate of coverage and buyers guide
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bestgrades2. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.96. You're not tied to anything after your purchase.
