Florida replacement rule - Study guides, Class notes & Summaries

Florida 2-15 Final Exam Questions and Answers A+ Rated 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 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 automatically considered to have insurable ...

XCel 2-15 Florida Life & Health State Exam simulator Questions and Answers Latest. what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger w...

A life policy loan in Florida cannot charge a fixed rate of interest higher than 7% 8% 9% 10% - ###10% If an agent combines premiums collected with their personal funds, they have engaged in Twisting commingling defamation Rebating - ###commingling According to Florida's life insurance replacement laws, a policyowner must be provided with a written Comparison and Summary Statement when it's requested by The policyowner The insurer The chief financial officer - ###The policyown...

Which Accident and Health policy provision addresses preexisting conditions? - correct answer Time Limit on Certain Defenses Which of the following individual health insurance policies will provide the broadest protection? - correct answer Major Medical Which of the following situations does NOT apply to the Florida Replacement Rule? - correct answer An existing policyholder purchases an additional policy from the same insurer Agent J takes an application and initial premium from an app...

Florida Statutes, Rules, and Regulations, Pertinent to Life Insurance Products 18% Exam with 100% correct Answers | Verified & Updated 2024 Marketing Practices - 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...

Within how many days must a licensee notify the Department of Financial Services of a change in address? - Answer 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - Answer 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? - Answer The amount of premium collected at this location Florida requires that an ins...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger which type ...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...

Florida 2-15 Final Exam Questions and Answers A+ Rated Florida 2-15 Final Exam Questions and Answers A+ Rated 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 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 ...