Florida Life Insurance
IMPORTANT NUMBER FOR LIFE INSURANCE:
Free look period for life insurance policies. correct answers14 days
Grace period, from second notice, to which a life policy-owner at least 64
years of age is entitled. Free look period for Annuities and Variable Annuities.
correct answers21 days
Grace period for industrial life insurance. correct answers28 days
Grace period for life insurance. Notice agent must give Department after
felony conviction. Notice insurer must give Department of change in
appointed contact agent. Notice agent must give Department of name or
address change correct answers30 days
Time for conversion from group coverage. Grace period for Group
Life. correct answers31 days
Grace period (total) for policy-owner age 64 or older. correct
answers51 days
Rollover IRA must be reinvested. Rule of Constructive Receipt. correct
answers60 days Accidental Death must occur. correct answers90 days
Notice insurer must give insureds if terminating all individual or groups
policies. correct answers180 Days
Period in which an agent's commissions from controlled business cannot
exceed 50% Variable policies must report value to annuitant. correct
answers12 months
Incontestability period. Suicide Clause. correct
answers2 years Agents must keeps records. correct
answers5 years
Agents must keep records for annuity transactions. correct
answers5 years Fully insured under Social Security. correct
answers40 quarters
Currently insured under Social Security. Minimum required to receive
benefits. correct answers6 of 13 quarters
Maximum loan rate if fixed, (if variable, tied to Moody's Corporate Bond
Index), Penalty for withdrawal from an IRA prior to 59 1/2. correct
answers10%
IMPORTANT NUMBER FOR LIFE INSURANCE:
Free look period for life insurance policies. correct answers14 days
Grace period, from second notice, to which a life policy-owner at least 64
years of age is entitled. Free look period for Annuities and Variable Annuities.
correct answers21 days
Grace period for industrial life insurance. correct answers28 days
Grace period for life insurance. Notice agent must give Department after
felony conviction. Notice insurer must give Department of change in
appointed contact agent. Notice agent must give Department of name or
address change correct answers30 days
Time for conversion from group coverage. Grace period for Group
Life. correct answers31 days
Grace period (total) for policy-owner age 64 or older. correct
answers51 days
Rollover IRA must be reinvested. Rule of Constructive Receipt. correct
answers60 days Accidental Death must occur. correct answers90 days
Notice insurer must give insureds if terminating all individual or groups
policies. correct answers180 Days
Period in which an agent's commissions from controlled business cannot
exceed 50% Variable policies must report value to annuitant. correct
answers12 months
Incontestability period. Suicide Clause. correct
answers2 years Agents must keeps records. correct
answers5 years
Agents must keep records for annuity transactions. correct
answers5 years Fully insured under Social Security. correct
answers40 quarters
Currently insured under Social Security. Minimum required to receive
benefits. correct answers6 of 13 quarters
Maximum loan rate if fixed, (if variable, tied to Moody's Corporate Bond
Index), Penalty for withdrawal from an IRA prior to 59 1/2. correct
answers10%
