Florida Health and Life Insurance State Exam Practice Part 1/ 149 Q&A.
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Course
Florida Health and Life Insurance
Institution
Florida Health And Life Insurance
Florida Health and Life Insurance State Exam Practice Part 1/ 149 Q&A. Terms like:
D was actively serving in the Marines when he was killed in an automobile accident while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How much will D's beneficiaries receive? - Answer...
Florida Health and Life Insurance State Exam
Practice Part 1/ 149 Q&A.
D was actively serving in the Marines when he was killed in an automobile
accident while on leave. His $100,000 Whole life policy contains a War Exclusion
clause. How much will D's beneficiaries receive? - Answer: The full-face amount
N is covered under an individual Disability policy with a 30-day Elimination period
and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total
benefit received on this claim is: - Answer: $1,250
No benefits are available during the elimination period.
Page 1 of 23
,Who does an agent represent during the solicitation or insurance? - Answer: The
insurance company
Which of the following costs would a Basic Hospital/Surgical policy likely cover? -
Answer: Sugically removing a facial birthmark
The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: - Answer: Employee's premiums paid by
the employer is tax-deductible to the employer as a business expenditure
Premiums paid by an employer for an employee's coverage are deductible by the
employer as a buisness expense
What must the policyowner provide to the insurer for validation that a loss has
occurred? - Answer: proof of loss
Association Plans that are designed to provide health benefits to their members
are regulated by the state because - Answer: They are insured by and authorized
insurer
Which of the following statements is CORRECT about the period in which a Term
Policy can be converted? - Answer: It varies according to contracts
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, When does a life insurance contract become effective if the initial premium is not
collected during the application process? - Answer: When producer delives policy
and collects initial premium
A provision in a life insurance policy that pays the policyowner an amount that
does not surpass the guaranteed cash value is called the: - Answer: Policy Loan
Provision
Medicare Part A and Part B do no pay for: - Answer: Dental Work
When a misrepresentation on a life insurance policy application is discovered,
what action may an insurance company take? - Answer: Void the policy only if it is
discovered during the Contestable period and proven to be material
The insuring Clause - Answer: States the scope and limits of the coverage
An applicant's medical information recieved from the Medical Information Bureau
(MIB) may be furnished to the: - Answer: Applicant's physician
K has an Accidental Death and Dismemberment (AD&D) insurance policy where
her husband is beneficiary and her daughter is contingent beneficiary. Under the
Common Disaster clause, if K and her husband are both killed in an automobile
accident, where would the death proceeds be directed? - Answer: Daughter
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