Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
Indiana Health and Life Insurance Exam Practice 3
100% of eligible persons - ANS-In a noncontributory group, the policy must cover:
30 - ANS-All licenses are required to notify the Department of Financial Service of a change in
address within how many days?
31 days - ANS-Florida Insurance Law requires the minimum grace period on a health insurance
policy on a quaterly basis:
5 years - ANS-The Department of Financial Services requires agents to keep policy records for
a MINIMUM of:
50% - ANS-According to the insurance code, an agent's controlled business may NOT exceed a
maximum of:
75 - ANS-What minimum percentage of eligible employee must participate for a company to
offer a Contributory group insurance plan?
75% - ANS-Under Florida Law, what percentage of full-time employees MUST be eligible for
participation in a noncontributory group health insurance plan?
8% - ANS-In Florida the maximum fixed interest allowed on a policy loan is:
a buyer's guide - ANS-Agents can help prospective insureds understand and purchase the most
appropriate product by delivering:
a foreign insurer - ANS-An insurance company formed under the laws of another state is:
A prospect's statement on an application that held to be substantially true - ANS-Which of the
following situations describes representation?
a reduction in the company
's interest earnings and increase in administrative expenses - ANS-An insurance company may
charge a higher total premium to an insured who pays a policy quarterly rather than annually
because the quarterly payment results in:
A residual Benefit clause - ANS-A doctor who is receiving Disability Income benefits is not able
to return to work full time but continue receiving benefits
A variable aunnity - ANS-Which of the following annuities pays benefits based on units rather
than specific dollar amounts?
Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
,Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
Add a newborn child to the policy without providing proof of insurability - ANS-Under an
individual Major Medical policy, a married policyowner has the right to take which of the
following.
Adjust the benfits - ANS-The Misstatements of Age provision in an Accident and Health policy
allows an insurance company to take which of the following actions if an insured has
understated the insured's age on the policy application?
agent's office address and telephone number - ANS-All of the following information must be
shown on every insurance application in Florida EXCEPT the:
an advisory board certified by the Department of Financial Services - ANS-An admitted
insurance company doing business in this state must operate under:
An employee usually has up to one year to convert coverage to an individual. - ANS-Which
statement about conversion privileges in Group Life policies sold is CORRECT?
Ant-money laundering rules - ANS-A customer surrenders a recently issued whole life policy
and requests proceeds be made payable to an unrelated third party, This would be a red flag
potential violation of the :
Any person who directs or participates in the conduct of affairs of a licensee and who is an offer,
stockholder, owner or other person who directly controls a company - ANS-What does the term
"Affiliated Party " mean?
At least once each year - ANS-According to Florida law, how often must a variable annuity
contract holder be informative the accumulated value of the contract during the premium
payment period?
Basic Hospital - ANS-Which of the following kinds of policies typically contains a limited daily
room and board benefits and provides coverage on an in-hospital basis only?
becomes disable - ANS-Under a Guaranteed Renewable provision in a policy issued to a group
of person an insurance company may NOT terminate coverage on a group member if the
member:
beneficiary is the insured's spouse. - ANS-Upon the death of an insured , a creditor MAY be
able to file a claim if the:
charge a lower premium for the initial period of coverage - ANS-A life insurer that accepts an
incomplete application and issues a policy is obligated to:
Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
Indiana Health and Life Insurance Exam Practice 3
100% of eligible persons - ANS-In a noncontributory group, the policy must cover:
30 - ANS-All licenses are required to notify the Department of Financial Service of a change in
address within how many days?
31 days - ANS-Florida Insurance Law requires the minimum grace period on a health insurance
policy on a quaterly basis:
5 years - ANS-The Department of Financial Services requires agents to keep policy records for
a MINIMUM of:
50% - ANS-According to the insurance code, an agent's controlled business may NOT exceed a
maximum of:
75 - ANS-What minimum percentage of eligible employee must participate for a company to
offer a Contributory group insurance plan?
75% - ANS-Under Florida Law, what percentage of full-time employees MUST be eligible for
participation in a noncontributory group health insurance plan?
8% - ANS-In Florida the maximum fixed interest allowed on a policy loan is:
a buyer's guide - ANS-Agents can help prospective insureds understand and purchase the most
appropriate product by delivering:
a foreign insurer - ANS-An insurance company formed under the laws of another state is:
A prospect's statement on an application that held to be substantially true - ANS-Which of the
following situations describes representation?
a reduction in the company
's interest earnings and increase in administrative expenses - ANS-An insurance company may
charge a higher total premium to an insured who pays a policy quarterly rather than annually
because the quarterly payment results in:
A residual Benefit clause - ANS-A doctor who is receiving Disability Income benefits is not able
to return to work full time but continue receiving benefits
A variable aunnity - ANS-Which of the following annuities pays benefits based on units rather
than specific dollar amounts?
Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
,Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
Add a newborn child to the policy without providing proof of insurability - ANS-Under an
individual Major Medical policy, a married policyowner has the right to take which of the
following.
Adjust the benfits - ANS-The Misstatements of Age provision in an Accident and Health policy
allows an insurance company to take which of the following actions if an insured has
understated the insured's age on the policy application?
agent's office address and telephone number - ANS-All of the following information must be
shown on every insurance application in Florida EXCEPT the:
an advisory board certified by the Department of Financial Services - ANS-An admitted
insurance company doing business in this state must operate under:
An employee usually has up to one year to convert coverage to an individual. - ANS-Which
statement about conversion privileges in Group Life policies sold is CORRECT?
Ant-money laundering rules - ANS-A customer surrenders a recently issued whole life policy
and requests proceeds be made payable to an unrelated third party, This would be a red flag
potential violation of the :
Any person who directs or participates in the conduct of affairs of a licensee and who is an offer,
stockholder, owner or other person who directly controls a company - ANS-What does the term
"Affiliated Party " mean?
At least once each year - ANS-According to Florida law, how often must a variable annuity
contract holder be informative the accumulated value of the contract during the premium
payment period?
Basic Hospital - ANS-Which of the following kinds of policies typically contains a limited daily
room and board benefits and provides coverage on an in-hospital basis only?
becomes disable - ANS-Under a Guaranteed Renewable provision in a policy issued to a group
of person an insurance company may NOT terminate coverage on a group member if the
member:
beneficiary is the insured's spouse. - ANS-Upon the death of an insured , a creditor MAY be
able to file a claim if the:
charge a lower premium for the initial period of coverage - ANS-A life insurer that accepts an
incomplete application and issues a policy is obligated to:
Life
!!!!!!#######################Indiana
Insurance
IndianaExam
Health
Practice
and Life
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
InsuranceHealthExam and Practice
Life Insurance
3.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################
Exam Practice 3.pdfIndiana Health and Life Insurance Exam Practice 3.
