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2024 WEIGHTED REAL TIME FLORIDA HEALTH AND LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS
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2024 WEIGHTED REAL TIME FLORIDA HEALTH AND LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS
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2024 WEIGHTED REAL TIMEFLORIDA HEALTH AND LIFE
INSURANCE EXAM WITH 100%
CORRECT ANSWERS
A policy under may generate taxable income from which of the following
dividend options - CORRECT ANSWERS- Accumulation of interest
The reason for backdating a policy is - CORRECT ANSWERS- to obtain a
premium rate based on an earlier age
What must the policy provide to the insured for validation that a loss has
occurred? - CORRECT ANSWERS- Proof of loss
Which health policy clause stipulates that insurance company must attach a
copy of the application to the policy to ensure that it is part of the contract -
CORRECT ANSWERS- Entire contract
An insurance company must act in an accident and health insurance
application for reinstatement within days - CORRECT ANSWERS- 45
A medical care provider which typically delivers health services at own local
medical facility is known as a - CORRECT ANSWERS- Health, maintenance
organization
An individual covered under a group life insurance policy is considered to be
A - CORRECT ANSWERS- certificate holder
What is the underlying concept regarding level premiums? - CORRECT
ANSWERS- The early years are charged more than what is needed
Which of the following situations does a critical illness plan cover? - CORRECT
ANSWERS- leukemia
The premiums paid by an employer for his employee's group life insurance
are usually considered to be - CORRECT ANSWERS- tax-deductible to the
employer
, When a policy or exchanges the term policy for a whole life policy, without
providing proof of good health, which of these apply - CORRECT ANSWERS-
Conversion provision,
A return of premium life insurance policy is - CORRECT ANSWERS- Whole life
and Increasing term
What kind of life insurance product covers children under their parents
policy? - CORRECT ANSWERS- Term rider
A life insurance policy, Grace 💗. Entitled the insured period of no less than
______ days to make the premium payment. - CORRECT ANSWERS- 30
In Florida when agents recommend changes be made for existing coverage,
the agent must follow established procedures. The name of this rule is called
the. - CORRECT ANSWERS- Florida Replacement Rule
The incontestable clause allows an insurer to - CORRECT ANSWERS- contest
a claim during the contestable period
An agent selling Medicare supplement policies must provide every applicant
with - CORRECT ANSWERS- Suitability form
T is covered by an accidental death and dismemberment (AD&D) policy that
has a revocable beneficiary. What action with the insurance company take if
T request a change of beneficiary - CORRECT ANSWERS- Request of the
change will be refused
Many small business owners worry how their business would survive
financially, if the owner becomes disabled, the policy which Best addresses
this concern is - CORRECT ANSWERS- Business Overhead Expense
According to Florida law group, life insurance conversion privileges must not
- CORRECT ANSWERS- require evidence of insurability
Which of the following situations does not apply to the Florida replacement
rule - CORRECT ANSWERS- An existing policyholder purchases an additional
policy from the same insurer
The federal income tax, treatment of employer provider group, medical
expense insurance can be accurately described as - CORRECT ANSWERS-
Employees premiums paid by the employers tax deductible to the employer
as a business expenditure
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