A+ Solutions

2-15 Florida Insurance Exam Questions with Correct Answers 100% Verified Risk - Correct Answer Can be defined as uncertainty regarding loss Pure Risk - Correct Answer Involve only the chance of loss; It's the only insurable risk. Speculative Risk - Correct Answer A chance for gain and a chance of loss. (Gambling, Stock Mkt, etc.) Peril - Correct Answer The immediate specific event causing loss and giving rise to risk. Hazard - Correct Answer Physical, Moral, and Morale Mortality...

Florida Health, Life & Annuity End of Course Exam 4 Questions with Correct Answers 100% Verified Identify the part of the application that would have the applicant's medical history: Select one: a. Part 1 b. Part 2 c. Part 3 d. All of the above - Correct Answer Part 2 of the application collects information about the applicant's medical history. The correct answer is: Part 2 All of the following demonstrate constructive delivery, EXCEPT: Select one: a. A conditional receipt i...

6 ________________________________________ Life, Health, and Annuity LAWS Florida Study Questions with Correct Answers 100% Verified policy forms must be filed at least ___ days before use. - Correct Answer 30 days Market conduct examinations at least once every ___ years. - Correct Answer 5 years Appointments renew every ___ months. - Correct Answer 24 Months An insurer that terminates an appointment must provide at least ___ days advance notice. - Correct Answer 60 days Term...

6 ________________________________________ (Health) 8 - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified The Bureau of Unclaimed Property is overseen by the - Correct Answer Chief Financial Officer The Chief Financial Officer oversees the Bureau of Unclaimed Property. An example of unfair discrimination would be - Correct Answer offering different terms of coverage for different policyowners having the same risk classification Providi...

Florida Insurance Study Questions with Correct Answers 100% Verified under cafeteria benefit plans - Correct Answer employee must make up the difference Which of the following does NOT fit in with basic forms of health insurance plans? - Correct Answer Key person insurance There are three basic levels of long-term care. Which of the following is NOT one? - Correct Answer Relative care What are the two features that have the greatest effect on the amount of additional interest that may ...

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

Florida Agent's Health & Life (including Annuities & Variable Contracts) Chapter 7 Study Questions with Correct Answers 100% Verified An insured has endured multiple surgeries and hospitalizations for an illness during the summer months. Her insurer no longer bills her for medical expenses. What term best describes the condition she has met? A Stop-Loss Limit B Out-of-Pocket Limit C Maximum Loss Threshold D Maximum Loss - Correct Answer A) A "stop-loss limit" is a specified dollar amou...

Florida Health, Life & Annuity End of Course Exam 3 Questions with Correct Answers 100% Verified How frequently must domestic insurers be examined by the Office of Insurance Regulation? Select one: a. Annually b. At least once every other year c. At least once every 5 years d. Upon the Office's discretion - Correct Answer Domestic insurers must be examined by the Office of Insurance Regulation at least once every 5 years. The correct answer is: At least once every 5 years In Flori...

Life Insurance, Annuities & Variable Contracts Questions with Corrections 100% Verified Ordinary Life - Correct Answer Individual life insurance that includes various life products. Whole life, endowment, universal life, variable universal life, etc. Ordinary life insurance is the most purchased type of insurance in the USA. Industrial Life - Correct Answer Small benefit amounts, usually $1,000 or $2,000 face amounts for burial purposes. Group Insurance - Correct Answer Coverage that is t...

FLA Health and Life and Annuity (inc.Var.Contracts) Agent (0215) - Textbook Terms & Exam Q/A 100% Verified and Graded A+ Unilateral Contract - Correct Answer one-sided contract agreement in which an offeror promises to pay only after the completion of a task by the offeree. Aleatory Contract - Correct Answer a contract where the values exchanged may not be equal but depend on an uncertain event. Contract of Adhesion - Correct Answer the insured must accept the entire contract with all of ...