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FLORIDA LIFE AND HEALTH STATE EXAM SIMULATOR EXAM LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!$23.99
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FLORIDA LIFE AND HEALTH STATE EXAM SIMULATOR EXAM LATEST 2024-
2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ 100% GUARANTEED PASS!
Which of the following statements about guaranteed renewable health
insurance policy is correct? - ANSWER-Premiums normally increase at the time
of renewal.
The issuer must provide a perspective buyer with an? - ANSWER-Buyers guide
and policy summary
T would like to be assured $10,000 is available in 10 years to replace a roof on
his house. What kind of $10,000 policy should T purchase? - ANSWER-Ten-year
Endowment
According to the time payment of claims provision, the insurer must pay
disability income benefits no less frequently then which of the following
options? - ANSWER-Monthly
Which of the following is the most important factor when deciding how much
disability income coverage an applicant should purchase? - ANSWER-Applicants
monthly income
Which two entitles regulate variable annuities? - ANSWER-Department of
Financial Services; Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - ANSWER-The
insured's total loan value
,The provision that can be used to put on insurance policy back in force after it
has lapsed due to nonpayment is called? - ANSWER-Reinstatement
Which product would best serve a retired individual looking to invest a lump-
sum of money through an insurance company? - ANSWER-Annuity
According to Florida law, a group life insurance policy requires a minimum how
many insureds? - ANSWER-No minimum
Multiple employer welfare arrangement (MEWA) provides what type of
benefits? - ANSWER-Insurance
In a qualified retirement plan, the yearly contributions to an employee's
account? - ANSWER-Are restricted to maximum level set by the IRS
All of the following entries are classified under the four principal areas of
Florida insurance law except? - ANSWER-An agent's commission
According to Florida's life insurance replacement law, about policyowner must
be provided with the written comparison and summary statement when it's
required by? - ANSWER-The policyowner
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
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.
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