FL Life and Health Insurance 2-15
Study Exam (165 questions)
A _____ day be aware to the policyholder is required for any health insurer that wishes to
cancel a medical insurance policy. - ANS-30
A 15-year loan is fine blanketed by using what kind of life policy? - ANS-15-12 months
decreasing time period
A 55 year vintage currently obtained a $30.000 distribution from a previous company's 401k
plan, minus $6,000 withholding. Which federal taxes follow if none of the finances have been
rolled over? - ANS-Income taxes plus a 10% penalty tax on $30,000
A catastrophic infection would be great covered via which of the subsequent health insurance
plans? - ANS-Major medical
A complete primary medical health insurance policy contains an Eligible Expenses provision
which identifies the kinds of fitness care services which might be protected. All of the
subsequent fitness care offerings are normally protected, EXCEPT for: - ANS-experimental and
investigative services
A agreement wherein one birthday party either accepts or rejects the terms of a agreement
written by using another birthday party is referred to as a settlement of - ANS-adhesion
A group plan turned into lately terminated. In Florida, what number of days are blanketed people
guaranteed insurance after a collection plan's termination? - ANS-31 days
A license may be denied, suspended, or revoked if the licensee is determined guilty of -
ANS-misrepresentation
A lifestyles insurance policy could be considered a wagering settlement WITHOUT: -
ANS-insurable hobby
A Major Medical coverage commonly carries a provision that calls for the insurer to pay only part
of a loss, while the stability is paid by the insured. This provision is referred to as -
ANS-Coinsurance
A Medical Information Report (MIB) document may additionally reveal which of the subsequent:
- ANS-previous use of marijuana
, A policyowner would love to alternate the beneficiary on a Life coverage policy and make the
change everlasting. Which type of designation could fulfill this need? - ANS-Irrevocable
A policyowner would like to trade the beneficiary on an Accidental Death and Dismemberment
(AD&D) insurance policy and make the trade permanent. Which type of designation would fulfill
this want? - ANS-Irrevocable
A policyowner's rights are limited beneath which beneficiary designation? - ANS-Irrevocable
A policyowner's rights are restricted underneath which beneficiary designation? -
ANS-Irrevocable
A Term Life rider gives the insured - ANS-additional existence insurance
According to Florida law, group life coverage conversion privileges should NOT: - ANS-require
proof of insurability.
According to Florida Law, wherein of the subsequent situations would a established
handicapped child NOT be covered below a Family Health coverage? - ANS-The rates for the
handicapped baby are not paid
According to Florida regulation, which of the following information does NOT need to be
received through an agent recommending an annuity buy? - ANS-Marital fame
According to Florida's life coverage substitute legal guidelines, a policyowner have to be
provided with a written Comparison and Summary Statement when it's asked by using -
ANS-the policyowner.
According to the Mandatory Uniform Policy Provisions, what is the most quantity of time after
the top rate due date throughout which the coverage stays in pressure even though the top rate
has no longer been paid? - ANS-31 days
Agents that have been certified for much less than six years should whole ____ hours of
persevering with education every two years. - ANS-24
All are genuine statements concerning the underwriting procedure, EXCEPT: - ANS-AIDS and
HIV virus checks may be carried out in a discriminatory fashion
All of the subsequent are Nonforfeiture Options EXCEPT: - ANS-Reduced Paid-Up Option
All of the subsequent statements about Major Medical blessings are authentic, EXCEPT: -
ANS-Benefits have no maximum restriction
Study Exam (165 questions)
A _____ day be aware to the policyholder is required for any health insurer that wishes to
cancel a medical insurance policy. - ANS-30
A 15-year loan is fine blanketed by using what kind of life policy? - ANS-15-12 months
decreasing time period
A 55 year vintage currently obtained a $30.000 distribution from a previous company's 401k
plan, minus $6,000 withholding. Which federal taxes follow if none of the finances have been
rolled over? - ANS-Income taxes plus a 10% penalty tax on $30,000
A catastrophic infection would be great covered via which of the subsequent health insurance
plans? - ANS-Major medical
A complete primary medical health insurance policy contains an Eligible Expenses provision
which identifies the kinds of fitness care services which might be protected. All of the
subsequent fitness care offerings are normally protected, EXCEPT for: - ANS-experimental and
investigative services
A agreement wherein one birthday party either accepts or rejects the terms of a agreement
written by using another birthday party is referred to as a settlement of - ANS-adhesion
A group plan turned into lately terminated. In Florida, what number of days are blanketed people
guaranteed insurance after a collection plan's termination? - ANS-31 days
A license may be denied, suspended, or revoked if the licensee is determined guilty of -
ANS-misrepresentation
A lifestyles insurance policy could be considered a wagering settlement WITHOUT: -
ANS-insurable hobby
A Major Medical coverage commonly carries a provision that calls for the insurer to pay only part
of a loss, while the stability is paid by the insured. This provision is referred to as -
ANS-Coinsurance
A Medical Information Report (MIB) document may additionally reveal which of the subsequent:
- ANS-previous use of marijuana
, A policyowner would love to alternate the beneficiary on a Life coverage policy and make the
change everlasting. Which type of designation could fulfill this need? - ANS-Irrevocable
A policyowner would like to trade the beneficiary on an Accidental Death and Dismemberment
(AD&D) insurance policy and make the trade permanent. Which type of designation would fulfill
this want? - ANS-Irrevocable
A policyowner's rights are limited beneath which beneficiary designation? - ANS-Irrevocable
A policyowner's rights are restricted underneath which beneficiary designation? -
ANS-Irrevocable
A Term Life rider gives the insured - ANS-additional existence insurance
According to Florida law, group life coverage conversion privileges should NOT: - ANS-require
proof of insurability.
According to Florida Law, wherein of the subsequent situations would a established
handicapped child NOT be covered below a Family Health coverage? - ANS-The rates for the
handicapped baby are not paid
According to Florida regulation, which of the following information does NOT need to be
received through an agent recommending an annuity buy? - ANS-Marital fame
According to Florida's life coverage substitute legal guidelines, a policyowner have to be
provided with a written Comparison and Summary Statement when it's asked by using -
ANS-the policyowner.
According to the Mandatory Uniform Policy Provisions, what is the most quantity of time after
the top rate due date throughout which the coverage stays in pressure even though the top rate
has no longer been paid? - ANS-31 days
Agents that have been certified for much less than six years should whole ____ hours of
persevering with education every two years. - ANS-24
All are genuine statements concerning the underwriting procedure, EXCEPT: - ANS-AIDS and
HIV virus checks may be carried out in a discriminatory fashion
All of the subsequent are Nonforfeiture Options EXCEPT: - ANS-Reduced Paid-Up Option
All of the subsequent statements about Major Medical blessings are authentic, EXCEPT: -
ANS-Benefits have no maximum restriction
