FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM ACTUAL EXAM 300 DETAILED QUESTIONS AND GUARANTEED ANSWERS ALRREADY A GRADE
6 views 0 purchase
Course
FLORIDA LIFE AND HEALTH 2-15
Institution
FLORIDA LIFE AND HEALTH 2-15
FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM
ACTUAL EXAM 300 DETAILED QUESTIONS
AND GUARANTEED ANSWERS ALRREADY A
GRADEFLORIDA LIFE AND HEALTH 2-15 FINAL EXAM
ACTUAL EXAM 300 DETAILED QUESTIONS
AND GUARANTEED ANSWERS ALRREADY A
GRADE
FLORIDA LIFE AND HEALTH 2 -15 FINAL EXAM ACTUAL EXAM 300 DETAILED QUESTIONS AND GUARANTEED ANSWERS ALRREADY A GRADE. What is the main reason for regulating the insurance industry - ANSWER - Maintain the solvency of insurance company Which of the following situations are not subject to Florida life insurance law - ANSWER - Insurance companies day -to-day operations The provision that the fonts to Home Depot sure will pay and benefits to is called - ANSWER - Payment of claims How long does individual have to rollover funds from an IRA or qualified plan? - ANSWER - 60 days According to Florida law a group life insurance policy requires a minimum of how many insureds? - ANSWER - No minimum 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? - ANSWER - Guaranteed insurability option rider Which of these types of coverage is best described as a short term medical policy - ANSWER - INTERIM coverage The COBRA gives workers (and their families) whose employment has been terminated the right to... - ANSWER - Continue group health benefits Under Florida law, which of the following provisions is NOT required in a Medicare Supplement policy? - ANSWER - Limitation on pre -existing conditions for up to 12 months. What are adjustable rates for life policy loans in Florida based on? - ANSWER - Moody's corporate bond index A policyowner's rights are limited under which beneficiary designation? - ANSWER - Irrevocable A trustee -to-trustee transfer or rollover funds in a qualified plan allows a participant to avoid: - 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? - ANSWER - Twisted (got me twisted) Who's life is covered on a life insurance policy that contains a payor benefit clause? - ANSWER - Child Which of the following annuities pays benefits based on units rather that specific dollar amounts - ANSWER - A Variable annuity Which of the following factors affect the amount of monthly disability benefits payable under social security? - ANSWER - The THE AMOUNT OF BENEFITS AVAILABLE from other sources 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? - 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? - ANSWER - Coercion the USA Patriot Act was enacted in - ANSWER - 2001 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? - ANSWER - Waiver of Premium 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: - ANSWER - Recurrent disability provision What is the purpose of the Life and Health Insurance Guaranty Association? - ANSWER - Protect policy owners against insolvent insurance companies In Florida, which of the following practitioners normally do NOT receive payment from health insurance policies? - 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 - ANSWER - S's attained age In regards to representations or warranties which of these statements is true - ANSWER - if materialto the Risk, false representation will void the policy
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 or Stuvia-credit 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 mikedoc. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
