Florida insurance law and rules Exam Questions and Correct Answers
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Florida insurance law and rules
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Florida Insurance Law And Rules
Florida insurance law and rules Exam Questions and Correct Answers
Which of the following is a standard provision of the conversion privileges in a Group Life policy? - ANSWER Group Life coverage can be converted to an individual policy at regular rates on an attained-age basis
What a...
Florida insurance law and rules Exam Questions and Correct A nswers Which of the following is a standard provision of the conversion privileges in a Group Life policy? - ANSWER Group Life coverage can be converted to an individual policy at regular rates on an attained -age basis What are adjustable rates for life policy loans in Florida based on? - ANSWER Moody's corporate bond index A life insurance policyowner may sell their policy to a(n) _____ in order to re ceive a percentage of the policy's face value. - ANSWER viatical settlement provider What do Dread Disease policies cover? - ANSWER A specific disease or illness What is the required minimum percentage of employee participation for a noncontributory group health insurance plan according to Florida Law? - ANSWER 0 All of the following entries are classified under the four principal areas of Florida insuranc e law EXCEPT - ANSWER An agent's commission K is an agent who made an improper sale of an annuity to a client. Which of the following corrective actions would the Department of Financial Services likely order K to take? - ANSWER Pay moneta ry restitution to the client Under an Individual Disability policy in Florida, what is the minimum schedule of time in which claims must be made to an insured? - ANSWER Monthly Which of the following acts is an agent NOT authorized to do on behal f of an insurer? - ANSWER Authorize claim payments All of these are a prerequisite for becoming a licensed agent EXCEPT - ANSWER Graduate from high school Florida requires that coverage for newborns begins "from the moment of birth" and continues for - ANSWER 18 months` Which of the following situations does NOT apply to the Florida Replacement Rule? - ANSWER An existing policyholder purchases an additional policy from the same insurer According to Florida law, which of t he following information does NOT need to be obtained by an agent recommending an annuity purchase? - ANSWER Marital status Which of the following situations are NOT subject to Florida life insurance laws? - ANSWER Insurance companies' day -to-day operations In Florida, an insurer domiciled and incorporated in this state is called a(n) - ANSWER domestic company In Florida, which of the following practitioners normally do NOT receive payment from health insurance policies? - ANSWER Naturopaths Which of the following is NOT required in the Outline of Coverage for a health insurance policy? - ANSWER Projection of the policy's future costs The minimum age at which a person can sign a life insurance application is - ANSWER 15 years The Florida Employee Health Care Access Act was established to make - ANSWER group health insurance available to employers with up to 50 employees Florida's 14 -day free -look period for life insurance policies begins at the - ANSWER date of delivery A Multiple Employer Welfare Arrangement (MEWA) provides what type of benefits? - ANSWER Insurance The act of an insurance company publis hing misleading information about its policy's provisions is called - ANSWER false advertising
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