Florida Health and Life Insurance State Exam Bundle

Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care - Answer Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a b...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - Answer Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that cove...

Accumulation units are converted into annuity units: - Answer at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Answer noncontributory If a disabled worker covered under Social Security disability ben...

T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death b...

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 N...

Insured - Answer The person covered by the insurance policy. Rider - Answer A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - Answer A contract in which only one of the parties is legally bound to fulfill its obli...

Which of the following statements about guaranteed renewable health insurance policy is correct? - Answer Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? - Answer Buyers guide and policy summary T would like to be assured $10,000 is avail...