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Florida Life and Variable Annuity Insurance FINAL EXAM part 2 Questions with Best Solutions $7.49   Add to cart
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Florida Life and Variable Annuity Insurance FINAL EXAM part 2 Questions with Best Solutions
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Florida Life and Variable Annuity Insurance FINAL EXAM part 2 Questions with Best Solutions Which of the following employers is required to follow ERISA regulations? - Correct Answer A local electrical supply company with 12 employees What is created after policy proceeds are obtained in a lump...

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  • July 23, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • which of the following employers is required to fo
  • what is created after policy proceeds are obtained
  • which of these describes the result of a modified
  • which of the following situations are not subjec

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  • Florida Life and Variable Annuity Insurance
  • Florida Life and Variable Annuity Insurance

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Florida Life and Variable Annuity Insurance FINAL
EXAM part 2 Questions with Best Solutions
Which of the following employers is required to follow ERISA regulations? - Correct Answer A local electrical supply company with 12 employees
What is created after policy proceeds are obtained in a lump sum and then immediately invested? - Correct Answer estate
Which of these describes the result of a modified endowment contract that failed to meet the seven-pay test? - Correct Answer Pre-death distributions are typically taxable
Which of the following situations are NOT subject to Florida life insurance laws? - Correct Answer Insurance companies' day-to-day operations
An insurance producer is often responsible for field underwriting during the application process. All of these are possible field underwriting roles
EXCEPT - Correct Answer providing commission information to the applicant
A type of group that has a constitution and bylaws and has been organized for purposes
other than obtaining insurance is called a(n) - Correct Answer association or labor group
All the following are eligibility requirements for association group life insurance EXCEPT
- Correct Answer Contributory plans require a minimum of 25 participants
Which type of annuity stops all pajanents upon the death of the annuitant? - Correct Answer Life annuity
In Florida, an element of an insurance transaction would be - Correct Answer issuing an
insurance contract
How many days does an insurance company have to reject a reinstatement application before it is automatically reinstated? - Correct Answer "45"
An insurance company incorporated under the laws of the state in which its home office is located is called a(n)
company. - Correct Answer domestic
Which of the following does a life insurance policy summary normally include? - Correct Answer The policy's cash value
An insurer has a right to screen applicants for HIV in which of the following ways? - Correct Answer Blood test for HIV
All of these are characteristics of a universal life insurance policy EXCEPT - Correct Answer Fixed surrender value

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