FLORIDA 2 15 INSURANCE LICENSE EXAM 2
FINAL COMPREHENSIVE ASSESSMENT TEST
PAPER QUESTIONS AND SOLUTIONS
⩥ Which policy replaces lost income due to disability?
Answer: Disability income
⩥ Elimination period is best described as.
Answer: Waiting period before benefits
⩥ Which Medicare part covers hospital services.
Answer: Part A
⩥ Which is NOT a required provision in health policies.
Answer: Arbitration clause
⩥ Pre-existing condition provisions limit coverage for:.
Answer: Conditions before policy issue
⩥ A deductible is:.
Answer: Paid by insured
,⩥ Which plan allows the greatest freedom of provider choice?.
Answer: Indemnity
⩥ What is the primary purpose of annuities?.
Answer: Retirement income
⩥ During the accumulation phase, annuities grow:.
Answer: Tax-deferred
⩥ Which annuity guarantees a fixed return?.
Answer: Fixed
⩥ Annuitization means:.
Answer: Converting to income
⩥ Who bears investment risk in a variable annuity?.
Answer: Annuitant
⩥ How long is the Florida life insurance free-look period?.
Answer: 10 days
, ⩥ Twisting refers to:.
Answer: Policy replacement with misrepresentation
⩥ Rebating is:.
Answer: Illegal
⩥ An agent's license may be suspended for:.
Answer: Misrepresentation
⩥ Replacement regulations exist to:.
Answer: Protect consumers
⩥ Beneficiary designation that can't be changed without consent:.
Answer: Irrevocable
⩥ Which rider guarantees future purchase without proof of insurability?.
Answer: Guaranteed insurability
⩥ Group life insurance is typically:.
Answer: Convertible
⩥ Which policy pays benefits regardless of other coverage?.
FINAL COMPREHENSIVE ASSESSMENT TEST
PAPER QUESTIONS AND SOLUTIONS
⩥ Which policy replaces lost income due to disability?
Answer: Disability income
⩥ Elimination period is best described as.
Answer: Waiting period before benefits
⩥ Which Medicare part covers hospital services.
Answer: Part A
⩥ Which is NOT a required provision in health policies.
Answer: Arbitration clause
⩥ Pre-existing condition provisions limit coverage for:.
Answer: Conditions before policy issue
⩥ A deductible is:.
Answer: Paid by insured
,⩥ Which plan allows the greatest freedom of provider choice?.
Answer: Indemnity
⩥ What is the primary purpose of annuities?.
Answer: Retirement income
⩥ During the accumulation phase, annuities grow:.
Answer: Tax-deferred
⩥ Which annuity guarantees a fixed return?.
Answer: Fixed
⩥ Annuitization means:.
Answer: Converting to income
⩥ Who bears investment risk in a variable annuity?.
Answer: Annuitant
⩥ How long is the Florida life insurance free-look period?.
Answer: 10 days
, ⩥ Twisting refers to:.
Answer: Policy replacement with misrepresentation
⩥ Rebating is:.
Answer: Illegal
⩥ An agent's license may be suspended for:.
Answer: Misrepresentation
⩥ Replacement regulations exist to:.
Answer: Protect consumers
⩥ Beneficiary designation that can't be changed without consent:.
Answer: Irrevocable
⩥ Which rider guarantees future purchase without proof of insurability?.
Answer: Guaranteed insurability
⩥ Group life insurance is typically:.
Answer: Convertible
⩥ Which policy pays benefits regardless of other coverage?.
