Exam Simulator- Florida Life and Health State Exam Simulator/ 230+ Q&A/ .
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Course
Florida Life and Health
Institution
Florida Life And Health
Exam Simulator- Florida Life and Health State Exam Simulator/ 230+ Q&A/ . Terms like:
On delivery of policy, a signed statement of good health is typically request if? - Answer: The application was submitted without the initial premium.
K is the insured and P is the sole beneficiary on an ac...
Exam Simulator- Florida Life and Health State
Exam Simulator/ 230+ Q&A/ 2024-2025.
On delivery of policy, a signed statement of good health is typically request if? - Answer: The
application was submitted without the initial premium.
K is the insured and P is the sole beneficiary on an accidental death and dismemberment
insurance policy. Both are involved in a fatal accident where K dies before P. Under the common
disaster provision, which of these statements is true? - Answer: Proceeds will be paid to P's
estate
An insured is past due on his life insurance premium but is still within the grace period. What
will the beneficiary receive if the insured dies during the grace period.? - Answer: Full face
amount minus any past due premiums
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,A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - Answer: Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - Answer: 20
S is employer by large corporation that provides group health coverage for its employees and
their dependents. If S dies, The company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how many months on the cobra
regulations? - Answer: 36 months (under COBRA)
J is an agent who recently told a claimant that his rights might be impaired if he does not
complete a release form within a specified time. What could this agent be found guilty of? -
Answer: Coercion
An employer that offers a qualified retirement plan to its employees is eligible to? - Answer:
Make tax-deductible contribution to the plan
Which of the following employees may not be excluded from the group life plan? - Answer: Full-
time employees after the probation period.
When is the face amount of a whole life policy paid? - Answer: When the insured dies or at the
policies maturity date whichever happens first.
Major medical policies typically? - Answer: Contain deductible and coinsurance
Which of the following provisions is not required in HMO contracts certificates? - Answer:
Seven-day grace period
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, The health insurance program which is administrated by each state and founded by both the
federal and state government is called? - Answer: Madicaid
On insured pays premium on an annual basis for an individual health insurance policy. What is
the minimum number of days for the grace period Provision? - Answer: 31
Upon reaching the limiting age, a handicapped child can extend their health insurance coverage
as a dependent? - Answer: Only if the child is incapable of employment and chiefly depend on
the policy owner
P is producer who notice five questions on the life application where not answer. What action
would P take? - Answer: Set up meeting with the applicant to answer the remaining questions
K becomes ill after traveling overseas and is unable to work for three months, what kind of
policy would cover her loss of income? - Answer: Disability income
What are adjustable rates for life policy loan in Florida based on? - Answer: Moody's corporate
bond index
When determining the monthly benefit amount for disability income policy, the factor that
limits the amount a prospective insured may purchased is - Answer: Income
Basic hospital and surgical policy benefits are? - Answer: Lower than actual expenses incurred.
In Florida which the following practitioners normally do not receive payment from health
insurance policies? - Answer: Naturopath
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