, 10/13/24, 6:09 AM FLORIDA LIFE AND HEALTH INSURANCE EXAM 2024 VERSION QUESTIONS WITH DETAILED VERIFIED ANSWERS A…
The requirement that Fiduciary
agents must account for
and promptly remit all
insurance funds collected
is known as what type of
agent responsibility?
What is a third-party An insurance arrangement in which the policy
ownership? owner and the insured are not the same person.
Factors that determine if an insurance product is
Suitability
appropriate for a particular customer.
A payment by the policy owner to the insurance
Premium
company to keep the policy in force.
Providing sufficient information to help someone
Disclosure
make informed decision.
An agent offer a client Rebating
free tickets to a sporting
event in exchange for the
purchase of an insurance
policy. What is the agent
guilty of?
If an insurer meets the Authorized
states financial
requirements and is
approved to transact
business in the state, it is
considered what type of
insurer?
What information are the Adverse medical information about the applicants
members of the medical or insureds.
information bureau
required to report?
What type of beneficiary Revocable
can be changed at any
point by the policy
owner?
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