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Florida 215 Exam Questions with Correct Answers 100% Verified A medigap policy is a Medicare supplement insurance policy sold by private insurance companies to : - Correct Answer Fill the gaps in medicare part a and b Generally Noncontributory group health plans require what percentage of participation by eligible members ? - Correct Answer 100% Are there certain standards and procedures that must be followed in order to make reccomendations for annuity products to consumers age 65 and ol...

Chapter 8 (Health) Study Questions with Correct Answers 100% Verified The Bureau of Unclaimed Property is overseen by the - Correct Answer Chief Financial Officer The Life and Health Insurance Guaranty Association is - Correct Answer funded by admitted insurance companies through assessments Which action could result in a hearing being ordered by the Department of Financial Services? - Correct Answer Performing insurance transactions without a license Upon reaching the limiting age, a ...

Florida Life Insurance Study Questions with Correct Answers 100% Verified the receipt given to a life insurance applicant when the application is completed and the initial premium is recieved is called an Insurable Receipt Conditional receipt unconditional receipt ensuring receipt - Correct Answer conditional receipt Statements in the app that are believed to be true warranties representations waivers ambiguties - Correct Answer warranties All of the following apply to the wai...

Insurance Exam Chapter 9 Questions with Correct Answers 100% Verified earliest a single premium immediate annuity can be paid is - Correct Answer 1 month annuities can liquidate - Correct Answer an estate When the annuitization period starts, the accumulated value no longer belongs to the annuity owner... - Correct Answer and no additional premiums can be paid annuity pays the highest monthly income - Correct Answer life-only Susan and Tim are married, and they chose an annuity opti...

Florida Statutes, Rules, and Regulations, Pertinent to Life Insurance Products 18% Study Questions with Correct Answers 100% Verified Marketing Practices - Correct Answer Insurance agents are required to be familiar with ALL Florida insurance regulations. The MOST important of these are: 1. Florida Life Insurance Solicitation Law - details information and procedures required of agents and insurers when proposing life insurance to a prospective buyer. 2. The Florida Replacement Rule - e...

Florida Health, Life & Annuity End of Course Exam 2 Questions with Correct Answers 100% Verified When Claire's father took out a policy on her life, he was the policy owner and Claire was the insured. This is an example of: Select one: a. Third party ownership b. Maximum benefit rider c. Dependent coverage d. Variable life - Correct Answer This is an example of third party ownership of a policy. When someone other than the insured is the owner of the policy. If Claire was a minor child,...

Florida Life & Health Practice Test Questions with Correct Answers 100% Verified T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death benefit will the mother receive? - Correct Answer $0 Which statement regarding the Change of Beneficiary provision i...

8 - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified A mutual insurance company and a stock insurance company have one main difference between them. What is this major contrast? - Correct Answer Stock company is owned by its shareholders. Mutual company is owned by its policyholders. Which of the following situations does NOT apply to the Florida Replacement Rule? *An existing policy is reissued with a reduction in cash value *A new polic...

Florida Health and Life Insurance Exam Questions with Correct Answers 100% Verified 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 10 years E a...

Florida State Exam Life Insurance Questions with Correct Answers 100% Verified What does the insuring agreement in a Life insurance contract establish? - Correct Answer An insurer's basic promise Which statement about a whole life policy is true? - Correct Answer Cash value may be borrowed against S buys a $10,000 Whole Life policy in 2003 and pays an annual premium of $100. S dies 5 years later in 2008 and the insurer pays the beneficiary $10,500. What kind of rider did S include on the...