Florida Rules and laws Exam Summary Questions with Answers 100% Verified

The Insurance Guaranty Fund Association is? - ***funded by admitted insurance companies through assessments • in Florida an element of an insurance transaction would be? - ***Issuing an insurance contract • Under which circumstance may a licensed agent in Florida represent an unauthorized entity? - ***Never • According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare Supplement applicant? - ***At the time of application • An agent may provide a prospective client with an advertising gift as long as the value of that gift does not exceed _______. - ***$100 • Under Florida law, which of the following provisions is NOT required in a medicare supplement policy? - ***Limitation on pre-existing conditions for up to 12 months • Which of the following is NOT required on every insurance application sold in Florida? - ***Addresses and phone number of the agent • Which of the following MUST be included in a medicare supplement policy's outline of coverage? - ***The policy's limitations and exceptions • What do families pay that are covered by the Florida healthy kids corporation ? - ***A portion of the premium • Which of the following is NOT required in the outline of coverage for a health insurance policy? - ***Projection of the policy's future costs • In Florida, the underwriting and issuance of a master group health policy requires that all employees? - ***are eligible to participate, regardless of their individual health history • In Florida, monthly-premium health insurance policies must provide a grace period of at least? - ***10 days • What do Dread Disease policies cover? - ***A specific disease or illness • A stock like insurance company that issues both participating and nonparticipating policies is doing business on? - ***a mixed plan • Agents that have been licensed for less than six years must complete __ hours of continuing education every two years? - ***24 hours • In Florida, a health policy that is paid on a quarterly basis requires a grace period of? - ***31 days • An agent selling medicare supplement policies must provide every applicant with an ? -