Florida life - Study guides, Class notes & Summaries

Florida Life and Health Insurance State Exam Review (2-15) Questions and Answers Under Florida Law, which of the following provisions is NOT required in a medicare supplement policy? - Ans: -limitation on pre-existing conditions for up to 12 months M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...

Test Bank For Florida Life and Health Insurance Exams 300 Combined Set Questions And Correct Answers| AS PER MARKING SCHEME | GUARANTEE PASS 1. A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can have the policy premiums waived under which provision - ANSWER Payor Provision 2. Which of the following actions is NOT possible with Universal Life policy - ANSWER Premiums may be applied as a credit against income tax 3. A life policy w...

2023 Florida 2-15 Insurance License Exam Mastery: In-Depth Study Guide & Test Bank | Over 350 Verified Questions for Ultimate Preparation and A+ Success in the Florida Life, Health, and Annuities Insurance Exam In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur C. The concept of insurance developed from the need to mini...

Final Exam - Florida Life and Health | all 2023/24 questions and answers Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Misrepresentation Who owns a stock company? - A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Coercion Which of these options can an individual use their medical flexible spending account to pay for...

2024/2025 Florida Health and Life Insurance State Exam Prep COMPLETE EXAM WITH ANSWERS (ANSWERED BY VERIFIED TUTORS)

Within how many days must a licensee notify the Department of Financial Services of a change in address? - 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - The amount of premium collected at this location Florida requires that an insurance agent must com...

Florida requires that coverage for newborns begins "from the moment of birth" and continues for 12 months 6 months 18 months 31 days - Ans: 18 months In Florida, a health policy that is paid on a quarterly basis requires a grace period of 7 days 31 days 45 days 10 days - Ans: 31 days In Florida, monthly-premium health insurance policies must provide a grace period of at least 31 days 7 days 10 days 14 days - Ans: 10 days Which action could result in a hearing being ord...

Florida Health and Life Insurance Exam|Questions with Correct Answers- Latest 2024. According to Mandatory Uniform Policy Provisions, what is the maximum amount of time after the premium due date during which the policy remains in force even though the premium has not been paid? - Correct Answer - 31 days G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at age 50, how long would G's family receive an income? - Correct Answer...

214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of paymen...