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2-15 Final Exam Questions with Correct Answers 100% Verified 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company - Correct Answer a 2. With regard to life insurance, all of the following statements are correct EXCEPT a. all individuals are considered to have insurable interests in themselves b. spouses are autom...

Variable Products Exam Questions with Correct Answers 100% Verified All of the following are incorrect about variable annuities EXCEPT - Correct Answer The amount of the monthly income payout is not guaranteed. Mr and Mrs Williams have purchased a joint and two-thirds survivor immediate variable annuity. Upon the death of the first of them, the survivor will receive - Correct Answer A monthly payment for life that is equal to two-thirds of what the annuity units would have provided prior to ...

Life, Health, Variable Annuity Study Questions with Correct Answers 100% Verified The purpose of Disability Income insurance is to provide: - Correct Answer protection against economic death Old Man AnnaCee, 67 yrs old, has had a policy for 16 years. In addition to his regular grace period he will have an additional grace period of how many days? 30 days 21 days 31 days there are no additional days - Correct Answer 21 days Which premium factor is not common to both life and health i...

Series 215 Health Insurance License Study Questions with Correct Answers 100% Verified A group plan was recently terminated. In Florida, how many days are covered individuals guaranteed coverage after a group plan's terminated - Correct Answer 31 Days Which. of these is NOT a legal entity for selling life insurance in Florida - independent agency system - risk management advisors - career agency system -personal producing general agency - Correct Answer Risk Management Advisors Fl...

Florida Health & Life (Including Annuities & Variable Contracts) Study Questions with Correct Answers 100% Verified Risk - Correct Answer Can be defined as uncertainty regarding financial loss Speculative Risks - Correct Answer You can Win or lose/ loss or gain Pure Risks - Correct Answer Only change is Loss Peril - Correct Answer defined as the immediate specific event causing loss and giving rise to risk. Hazard - Correct Answer A factor that give rise to a Peril 1- physical Ha...

Florida Statutes Rules and Regulations Pertinent to Life Insurance Study Questions with Correct Answers 100% Verified Florida life insurance solicitation law - Correct Answer Spells out the infirmation and procedures required of agents and insurers when proposing life insurance to a prospective buyer Florida Replacement rule - Correct Answer Sets forth the requirements and procedures to be followed by insurance companies and agents when a proposal is being made in which a prospective life in...

( 8 ) - Florida Laws and Rules Pertinent to Insurance Study Questions with Correct Answers 100% Verified Insurance companies that are organized in countries outside the United States are referred to as? Alien. (An insurance company that is organized or chartered in a country other than the United States is defined as alien.) - Correct Answer A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.? - Correct Answer Viat...

Life & Health Annuities & Variable Contracts (FLORIDA) Study Questions with Correct Answers 100% Verified Human Life Value is the economic valuation of an individual based on the individual's ____________ both present and future. - Correct Answer earning potential: This earning's potential valuation extends to the individual's dependents as their existence and subsidence depends on the individual's viability as a wage earner and financial provider. Never flying in a plane will greatly re...

Chapter 17/5: Florida Life Regulations Continued (ctd.) Study Questions with Correct Answers 100% Verified All of the following practices must be used by agents selling annuities to senior citizens, EXCEPT: - Correct Answer Agents selling annuities to senior citizens must not use cold lead advertising, high pressure tactics or twisting. The correct answer is: Cold lead advertising Which of the following must appear on the first page of an application for an annuity? - Correct Answer All app...

Florida Laws and Rules Pertinent to Insurance Ch. 8 Study Questions with Correct Answers 100% Verified How many hours of continuing education must a newly licensed agent complete every two years - Correct Answer 24 A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a(n) - Correct Answer broker dealer Which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing li...