215 FL License exam | Questions and Correct
Solutions | latest Update 2024/2025| Graded A+
Which plan is intended to be used by a sole proprietor and employees of that
business? - ANSWER -Keogh Plan
Which of the following provisions is not required in HMO contracts/certificates? -
ANSWER -Seven-day grace period
In Florida, and ensure license to conduct business in Florida, but domiciled in
New Jersey, is called a(n) - ANSWER -Foreign company
Which of these types of policies may not have the automatic premium loan
provision attached to it? - ANSWER -Decreasing term
N purchases an annuity by making payments in an amount no less than $100
quarterly. This describes which of the following annuities? - ANSWER -Flexible
Installment Deferred
The insurer must provide a perspective buyer with a(n) - ANSWER -Buyers guide
and policy summary
P is an employee who quits her job and wants to convert her group health
coverage to an individual policy. After the expiration of COBRA laws, Which of
the following statements is true? - ANSWER -She does NOT need to provide
evidence of insurability
Which of the following consist of an offer, acceptance, and consideration? -
ANSWER -Contract
Which of the following health insurance policy provisions specifies the healthcare
services a policy will provide? - ANSWER -Insuring clause
, Group/voluntary long-term care policy premiums are typically deducted from the
employees income and, - ANSWER -are less costly as compared to individual long
term care coverage
During the application process, the agents primary Responsibility is to -
ANSWER -insurance company
I am complete an application for life insurance but does not pay the initial
premium. All of these actions must occur before M's policy goes into effect except
- ANSWER -Free look period has expired
With accidental death and dismemberment policies, what is the purpose of the
grace period? - ANSWER -Gives the policyowner additional time to pay past due
premiums
A mutual insirandw company and a stock insurance company have one main
difference between them. What is this major contrast? - ANSWER -Stock
company is invited shareholders. Mutual company is owned by its policyholders.
The notice of claims provision requires a policy owner to - ANSWER -Notify an
insurer of a claim within a specified time
What percentage of eligible persons must a policy cover in a non-contributory
group? - ANSWER -100%
And insurer receives proof Of loss for an acceptable medical expense claim under
an individual health insurance policy. Under the time of payment of claims
provision, the insurer must pay the benefits - ANSWER -Immediately
A father who dies within three years after purchasing a life insurance policy on his
infant daughter can have the policy premiums waved under which provision? -
ANSWER -Payor Provision
According to Florida law, group life insurance conversion privileges must not -
ANSWER -require evidence of insurability
, He licensed agent must be appointed by an insurance company to solicit insurance
in Florida. The agents license will terminate if a certain period of time elapses
without being appointed. How long is this period of time? - ANSWER -48 months
And insured must notify an insurer of a medical claim within how many days after
an accident? - ANSWER -20
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent
beneficiary. Five years later, S dies of natural causes and the father is killed in a
scuba accident shortly afterwards. How much of the death benefit will the mother
receive? - ANSWER -$0
And health insurance policies, a waiver of premium provision keeps the coverage
in force without premium payments - ANSWER -After an insured has become
totally disabled as defined in the policy
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent - ANSWER -only if the child is incapable of
employment and chiefly dependent on the policyowner
A person insured under a health policy is required to give the insurance company a
notice of claim within how many days after a covered loss? - ANSWER -20
Which of the following documents must an agent submit to the replacing insurance
company during the replacement of an existing life insurance policy? - ANSWER -
Notice to existing and replacing insurers of intention to replace
Which of the following is not considered rebating? - ANSWER -Sharing
commissions with an agent licensed in the same line of business
Solutions | latest Update 2024/2025| Graded A+
Which plan is intended to be used by a sole proprietor and employees of that
business? - ANSWER -Keogh Plan
Which of the following provisions is not required in HMO contracts/certificates? -
ANSWER -Seven-day grace period
In Florida, and ensure license to conduct business in Florida, but domiciled in
New Jersey, is called a(n) - ANSWER -Foreign company
Which of these types of policies may not have the automatic premium loan
provision attached to it? - ANSWER -Decreasing term
N purchases an annuity by making payments in an amount no less than $100
quarterly. This describes which of the following annuities? - ANSWER -Flexible
Installment Deferred
The insurer must provide a perspective buyer with a(n) - ANSWER -Buyers guide
and policy summary
P is an employee who quits her job and wants to convert her group health
coverage to an individual policy. After the expiration of COBRA laws, Which of
the following statements is true? - ANSWER -She does NOT need to provide
evidence of insurability
Which of the following consist of an offer, acceptance, and consideration? -
ANSWER -Contract
Which of the following health insurance policy provisions specifies the healthcare
services a policy will provide? - ANSWER -Insuring clause
, Group/voluntary long-term care policy premiums are typically deducted from the
employees income and, - ANSWER -are less costly as compared to individual long
term care coverage
During the application process, the agents primary Responsibility is to -
ANSWER -insurance company
I am complete an application for life insurance but does not pay the initial
premium. All of these actions must occur before M's policy goes into effect except
- ANSWER -Free look period has expired
With accidental death and dismemberment policies, what is the purpose of the
grace period? - ANSWER -Gives the policyowner additional time to pay past due
premiums
A mutual insirandw company and a stock insurance company have one main
difference between them. What is this major contrast? - ANSWER -Stock
company is invited shareholders. Mutual company is owned by its policyholders.
The notice of claims provision requires a policy owner to - ANSWER -Notify an
insurer of a claim within a specified time
What percentage of eligible persons must a policy cover in a non-contributory
group? - ANSWER -100%
And insurer receives proof Of loss for an acceptable medical expense claim under
an individual health insurance policy. Under the time of payment of claims
provision, the insurer must pay the benefits - ANSWER -Immediately
A father who dies within three years after purchasing a life insurance policy on his
infant daughter can have the policy premiums waved under which provision? -
ANSWER -Payor Provision
According to Florida law, group life insurance conversion privileges must not -
ANSWER -require evidence of insurability
, He licensed agent must be appointed by an insurance company to solicit insurance
in Florida. The agents license will terminate if a certain period of time elapses
without being appointed. How long is this period of time? - ANSWER -48 months
And insured must notify an insurer of a medical claim within how many days after
an accident? - ANSWER -20
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent
beneficiary. Five years later, S dies of natural causes and the father is killed in a
scuba accident shortly afterwards. How much of the death benefit will the mother
receive? - ANSWER -$0
And health insurance policies, a waiver of premium provision keeps the coverage
in force without premium payments - ANSWER -After an insured has become
totally disabled as defined in the policy
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent - ANSWER -only if the child is incapable of
employment and chiefly dependent on the policyowner
A person insured under a health policy is required to give the insurance company a
notice of claim within how many days after a covered loss? - ANSWER -20
Which of the following documents must an agent submit to the replacing insurance
company during the replacement of an existing life insurance policy? - ANSWER -
Notice to existing and replacing insurers of intention to replace
Which of the following is not considered rebating? - ANSWER -Sharing
commissions with an agent licensed in the same line of business
