Florida value policy law Study guides, Class notes & Summaries

Exam Simulator- Florida Life and Health State Exam Simulator (Questions and Answers, 100% Correct) Updated 2023/2024 Exam Simulator- Florida Life and Health State Exam Simulator (Questions and Answers, 100% Correct) Updated 2023/2024 Florida Life and Health State Exam Simulator Which of the following statements about guaranteed renewable health insurance policy is correct? Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? Buyers...

FAIA 221 Questions Which of the following is not a qualification for obtaining a General Lines License? A. Florida Resident B. Not for "controlled business" C. Successfully complete a 200 hour department approved course D. Six months "all-lines" experience as a full time employee - D. Six months "all-lines" experience as a full time employee All of the following are duties and functions of the Department of Financial Services EXCEPT: A. approve and review forms, ruled and rates...

Final exam -Florida life and health questions and answers already passed Which of the following factors affect the amount of monthly disability benefits payable under social security? The THE AMOUNT OF BENEFITS AVAILABLE from other sources Which of the following provisions specifies how long a policy owner's health coverage will remain in effect if the policy owner does not pay the premium when it is due? Grace period As a condition for a loan, a bank requires the borrower to purchase credit...

Florida 2-15 Insurance License Exam |150 Questions and Answers 2023/2024 An insurance clause is a distinct article in a formal document that establishes the rules in the contract that _____________________ must adhere to. (Correct Ans: - both the insurer and the insured "ACC" refers to the type of disability that prevents someone from performing the job he was performing prior to the disability. (Correct Ans: - FALSE Which statement is CORRECT about the Department of Financial Service...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Correct) Insurance concept founded on the ability to predict the approximate number of deaths or frequency of disabilities within a certain group during a specific time. - CORRECT ANSWERS Law of Averages An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an ...

S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately furnish her with a guaranteed income for life. What type of annuity is best suited for her situation? - Single Premium. Immediate Annuities are purchased with a single lump sum payment and will start providing income payments within the first year, but usually starting 30 days from the purchase date. What type of group plan involves employees sharing the cost?...

Florida Insurance Exam Questions and Answers 100% Correct Risk - Correct Answer ️️ -the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - Correct Answer ️️ -CHANCE Policy - Correct Answer ️️ -a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - Correct Answer ️️ -a contract where one undertakes to indemnify another or pay a specific amount determined on ...

FL 0215 Health and Life Ins Exam Questions and Answers Which of these is NOT a source of funding for Social Security benefits? - Answer-Federal Government An architecture firm would stand to lose a lot of money in the event of the death of its project manager. Which type of policy should be the firm purchase on its project manager? - Answer-Key Person Life Policy P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Answer-Set up ...

XCEL FL TEST STUDY GUIDE VERIFIED ANSWERS Which of the following types of health coverage frequently uses a deductible? ️ Major Medical policy. What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires consent when a change of beneficiary is made? ️ Irrevocable beneficiary. If a 10-Year Term Life policy includes a Renewability provision, the policy will renew: ️ Without evidence of insurability. Under Florida law, how often must a variable ...

Florida Life and Health Insurance Practice Questions With Complete Solutions 30 Within how many days must a licensee notify the Department of Financial Services of a change in address? All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... 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? The amount of pr...