Florida life - Study guides, Class notes & Summaries

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)

FLORIDA INSURANCE EXAM NEWEST UPDATE / 150 ACTUAL TEST QUESTIONS WITH DETAILED VERIFIED ANSWERS / ALREADY GRADED A The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: Insuring clause Practice questions for this set Terms in this set (150) K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the...

FLORIDA 2-15 INSURANCE LICENSE EXAM (220+ Q&A) ACCURATE EXPERT VERIFIED QUESTIONS & ANSWERS FOR GUARANTEED PASS / LATEST UPDATE Accumulation units are converted into annuity units: at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. noncontributory Practice questions for this set Terms in this set (149) If a disabled worker covered under Social Security disability benefits recovers and then is...

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...

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 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...

A business overhead expens policy would cover which of the following if a business owner becomes disabled? Ans Utilities and office rent A disability income policy owner suffers a disability which was due to the same cause as the previous disability. Both disabilities occured with the five months. The insurer may cover the second disability without the new elimination period Under the? Ans Recurrent disability provision A group plan was recently terminated. In Florida, how many days are co...

a 20000 life insurance policy application is completed, however the producer does not collect the initial premium. at what point does the coverage go into effect Ans when the applicant receives the policy and pays the initial premium a business disability buyout plan policy is designed Ans to pay benefits to the corporation or other shareholders a business overhead expense policy would cover which of the following if a business owner becomes disabled Ans utilities and office rent a disa...

FLORIDA HEALTH AND LIFE INSURANCE EXAM AND PRACTICE EXAM LATEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+