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( 8 ) - Florida Laws and Rules Pertinent to Insurance Test Questions and Answers.
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( 8 ) - Florida Laws and Rules Pertinent to Insurance Test Questions and Answers.
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( 8 ) - Florida Laws andRules Pertinent to
Insurance Test Questions
and Answers
Denning [Date] [Course title]
, Insurance companies that are organized in countries outside the United States are referred to as?
Alien.
(An insurance company that is organized or chartered in a country other than the United States is
defined as alien.) - Correct Answers:
A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the
policy's face value.? - Correct Answers: Viatical settlement provider.
(To receive a percentage of the policy face value, an owner of a life policy may sell the policy to a viatical
settlement provider.)
Agents that have been licensed for less than six years must complete __ hours of continuing education
every two years.? - Correct Answers: 24.
(Florida agents licensed less than six years are required to complete 24 hours of continuing education.)
T is an employee covered under a Group Life policy. If T's employment is terminated, the conversion
privilege gives T the right to convert? - Correct Answers: To an individual policy upon employment
termination.
(When an employee covered on a Group Life policy leaves the group, the conversion privilege gives the
employee the right to convert to an individual policy upon termination of employment.
Which of the following activities will NOT result in the suspension of an agent's license? - Correct
Answers: Working for a foreign insurer.
(Working for a foreign insurance company does not result in the revocation or suspension of an agent's
license.)
In Florida, which of the following practitioners normally do NOT receive payment from health insurance
policies? - Correct Answers: Naturopaths.
(Health insurance policies in Florida must cover payment to all of these practitioners EXCEPT
naturopaths.)
An example of sliding would be? - Correct Answers: Charging for an additional product without the
applicant's consent".
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