Florida Life and Health Insurance Bundled Exams Questions and Answers Multiple Versions (2023/2024) (Complete, Accurate, and Verified)

Florida Health and Life Insurance State Exam Practice Part 1 (2023/2024) Rated A+ Which Accident and Health policy provision addresses preexisting conditions? Time Limit on Certain Defenses Which of the following individual health insurance policies will provide the broadest protection? Major Medic...

Florida Life Insurance Health Provisions Questions and Answers Already Passed The Notice of Claims provision requires a policyowner to notify an insurer of a claim within a specified time An insured must notify an insurer of a medical claim within how many days after an accident? 10 20 Which of th...

Exam Simulator- Florida Life and Health State Exam Simulator Latest 2024 Graded A 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 guide an...

Florida Insurance 2-14 Exam Terms 100% Correct Insurance Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance Is based on actuarial or mathematica...

Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regula...

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 pol...

FL 2-15 types of life insurance policies questions and answers graded A+ what policy component must decrease in decreasing term insurance? face amount can a business or a corporation be an annuitant? no, an annuitant must always be a natural person if the annuitant dies during the accumulation per...

Florida Insurance Exam Questions and Answers 100% Pass Risk the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. CHANCE Policy a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance...

Florida Statutes, Rules, and Regulations, Pertinent to Life Insurance Products Rated A+ Marketing Practices 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 pro...

Xcel 2-15 Florida Life & Health State Exam Simulator Already Passed 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 pre...

Florida Statutes Rules and regulations pertinent to life insurance Latest 2024 Already Passed Florida life insurance solicitation law Spells out the infirmation and procedures required of agents and insurers when proposing life insurance to a prospective buyer Florida Replacement rule Sets forth th...

Life Insurance/ annuities 2-14 Questions and Answers Rated A+ Which of the following individuals MUST be licensed as an agent? A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? The agent must ho...

Annuities Life Insurance Florida Questions and Answers Already Graded A Which of the following is a characteristic of a variable annuity? Underlying equity investments S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately...

FL Life, Health and Annuities Licensing 2-15 Latest 2024 Already Passed 3 ways insurance contracts are different than other legally binding documents Number one. They are aleatory. Meaning the insured pays a premium but may not receive anything back. Number 2. They are contracts of adhesion meaning ...

Florida Laws and Rules Pertinent to Insurance CH. 8 Already Graded A Which of the following is NOT required in the Outline of Coverage for a health insurance policy? Explanation of the policy's benefits Listing of the policy's exclusions and limitations Projection of the policy's future costs...

FL 214 License Questions and Answers Rated A+ Which of the following describes a participating insurance policy? Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? Upon completion of...

XCEL FL TEST STUDY GUIDE LATEST UPDATE GRADED A+ 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 his/her consent when a change of beneficiary is made? Irrevocable...

Florida 2-15 exam questions and answers already passed In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a pro...

Exam Simulator: Florida Life and Health State Exam Latest Update Graded A A nonforfeiture clause gives the policy owner guaranteed values even if the policy has lapsed P loses an arm is a farm accident and is paid $10k from his Accidental Death and Dismemberment policy. This benefit is known as the...

Florida Health Insurance Exam Latest Update 100% Pass Accident An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury Unplanned, unforese...

215 State Exam Simulator (All Q's Composed) with Verified Solutions A life insurance policy that provides a policyowner with cash value along with a level face amount is called Whole life T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring t...

Florida Laws and Rules Pertinent to Insurance Ch. 8 Already Passed How many hours of continuing education must a newly licensed agent complete every two years 24 A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a(n) broker dealer Whi...

Florida 2-15 Overview/ Study Guide (Fool Proof Guide): Annuities Rated A Annuity A savings plan within an insurance company instead of a bank. - An annuity is not considered insurance, but the life insurance industry handles them Fixed Annuity A savings plan with an insurance company with a minimum...

Florida Health 240 Insurance Latest 2024 Already Passed Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the ot...

Health Insurance Florida 2-40 Practice Exam Questions 1 with Certified Solutions Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical In...

Florida State Health Insurance Test with Certified Solutions neighbor An individual may purchase a life insurance policy on all of the following persons EXCEPT: a)dependent b)spouse c) business partner d) neighbor preexisting condition regarding long term care insurance, the existence of sympto...

Florida 240 Practice Exam Questions and Answers with Verified Solutions A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and e...

Health Insurance Florida 2-40 Practice Exam Questions #3 - Medical Expenses Already Passed Comprehensive Medical Expense Insurance combines which of the following coverage in one policy: A) Basic Hospital/Surgical and Major Medical B) Disability Income and Accidental Death and Dismemberment C) D...

Florida Health and Accident Insurance State Exam (A) Rated A+ Which mode of payment is NOT used by health insurance policies? Single Premium The Coordination of Benefits provision prevents an insured covered by two health plans from making a profit on a covered loss After an insured gives notice o...

Florida 2-40 Health License Exam Questions with Verified Answers owners rights if an individual health insurance policy provides a death benefit, the policyowner will be able to designate a beneficiary and, unless the beneficiary designation is irrevocable, to change the beneficiary. the power to ch...

Health Insurance Florida 2-40 Practice Exam Questions #2 Already Graded A Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care Business overhead expense (Explanation:Business Overhead Expense insurance is design...

Florida Insurance Exam (2-15) Questions and Answers with Certified Solutions A Supplementary Medical Expense policy combines the benefits of what two types of plans? Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? They mandate enro...

Florida Health Insurance Questions and Answers with Verified Solutions Health insurance benefits NOT covered due to an act of war are: excluded by the insurer in the contract provisions Which type of renewability best describes a Disability Income policy that covers an individual until the age of 6...

Florida Health Insurance 240 Chapters 1 – 5 Latest Update Graded A Consideration It is the binding force in any contract. Something of value that each party gives to the other. The insurer's _______ is the promise to pay for losses, while the insured's _______ is the premium and agreeing to abid...

Florida 240 License Questions and Answers Graded A+ The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: Reserves An insurance applicant MUST be informed of an investigation regarding his/her reputation...

Florida 2-20 Agents License Exam Questions with Verified Answers The Florida Surplus Service Lines Office (FSLSO) was created to oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: Seeking the license only to write contro...

Florida Health Insurance 240 Chapters 6 – 8 Already Passed Which renewability best describes a Disability Income Policy that covers an individual until the age of 65, but the insurer has the right to change the premium rate for the overall risk class? Guaranteed Renewable Describe a Guaranteed R...

Florida 2-40 health license chapter 1 questions and answers rated A+ Health insurance contracts are unilateral. What does that mean? Only one party makes a legally enforceable promise What are the two types of expenses that are covered by health insurance? Expenses related to health care, and expen...

Florida General Lines Agent Exam questions and answers graded A+ What is the definition of a risk that is insurable? a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain b.A chance of a loss or gain c.A risk where ...

FL Health Agent 240 Questions and Answers Already Passed An organization that transacts insurance only with its own members is a(n): Fraternal The ____________ has the power to issue rules and regulations to help enforce insurance laws. Commissioner, Superintendent, or Director All of the followin...