XCel 2-15 florida life & health state exam
simulator newest exam 200 questions with
answers
1.what is considered to be a characteristic of an immediate
|| || || || || || || || || ||
annuity: benefit payments start within one payment
|| || || || || || ||
period of purchase || ||
2.which of these characteristics is consistent with a straight
|| || || || || || || || ||
life policy: pre- miums are payable for as long as there is
|| || || || || || || || || || || ||
insurance coverage in force || || ||
3.an insureds inability to perform two or more activities of
|| || || || || || || || || ||
daily living may trigger which type of life policy rider: long
|| || || || || || || || || || ||
term care ||
4.B recently died and was insured with a life insurance policy
|| || || || || || || || || || ||
for over five years. During the claims process, the insurer
|| || || || || || || || || |
discovered that B had understat- ed his age by 5 years at the || || || || || || || || || || || || ||
time of application. In this situation, the insurer will: pay the
|| || || || || || || || || || ||
amount that the premium would have purchased at the
|| || || || || || || || ||
correct age ||
5.what action can a policyowner take if an application for a bank
|| || || || | || | | || | | ||
1 || / || 34
,loan requires collateral: assign policy ownership to the bank
|| || || || || || || ||
6.what is required in the Florida Employee Health Care
|| || || || || || || || ||
Access Act: small group benefit plans are to be issued || || || || || || || || || ||
on a guarantee issue basis
|| || || ||
7.P is a forty year old woman and would like to purchase an
|| || || || || || || || || || || || ||
annuity that will provide a lifetime income stream beginning at
|| || || | | | | | || |
age sixty. Which of the following did she NOT buy?: an
|| || || || || || || || || || ||
immediate annuity ||
8.the situation in which a group of physicians are salaried
|| || || || || || || || || ||
employees and conduct business in an hmo facility is || || || || || || || || ||
called: closed panel || ||
9.T sends proof of loss to her insurer for an acceptable medical
|| || || || || | | || | | | |
expense claim under her individual Health Insurance policy. || || || || || || || ||
Upon receipt, the insurer must pay the benefits: immediately
|| || || || || || || ||
10.an application for medicare supplement coverage may not
|| || || || || || ||
|| be denied by the insurer if the application was submitted
|| || || || || || || || || ||
within ||
month(s) after the applicant reaches the age 65: six || || || || || || || ||
11.when a policyowner cash surrenders a universal life || || || || || || | |
insurance policy in its early years, this may be considered a || || || || || || || || || || ||
red flag for a(n): anti money laundering violation
|| || || || || || ||
12.When is a Group Health policy required to provide coverage || || || || | || || || || ||
for a newborn child?: at the moment of birth
|| || || || || || || ||
2 || / || 34
,13.which of the following situations does not apply to the florida
|| || || || | || || || || || ||
replacement rule: an existing policyholder purchases an || || || || || || ||
additional policy from the same insurer || || || || ||
14.under a renewable term policy: the renewal premium is
|| || || | || || || || ||
calculated on the basis of the insured's attained age || || || || || || || ||
15. D owns a Whole Life policy that was purchased 10 years
|| || || || || | || | || || |
ago. If the premium payments suddenly stop and D takes no
|| || || || || || | | | | |
additional action, which Nonforfeiture Option will the insurer
|| || || || || || || ||
likely proceed with?: extended term
|| || || ||
16.In Florida, which employee is eligible for an employer's
|| || || || || || || || ||
group term life plan?: employee who works more than 40
|| || || || || || || || ||
|| hours per week || ||
17.which of the following statements is correct regarding an
|| || || || || || || || ||
employer/em- ployee group health plan: the employer || || || || || || ||
receives a master policy and the employ- ees receive
|| || || || || || || || ||
certificates
18.all of the following statements regarding a tax sheltered
|| || || || || || || || ||
annuity (tsa) are true except: income derived from the tsa is
|| || || || || || || || || ||
|| received income tax free || || ||
19.How would a contingent beneficiary receive the policy
|| || || || || || || ||
proceeds in an Ac- cidental Death and Dismemberment|| || || || || || || ||
(AD&D) policy?: if the primary beneficiary dies before the
|| || || || || || || || ||
insured
3 || / || 34
, 20.A student pilot can pay regular premium costs for her life
|| || || || || || || | | || |
insurance policy with the addition of which of the following?: || || || || || || || || || ||
aviation exclusion ||
21.which of these statements is incorrect regarding a || || || || || || || ||
preferred provider organization (ppo)?: ppos are not a|| || || || || || || ||
type of managed care systems
|| || || ||
22.which of the following is considered an accurate || || || || || || || ||
statement of an unfair trade practice?: twisting involves an || || || || || | || || ||
agent using misrepresentation to convince a
|| || || || || ||
policyowner to cancel their current policy so that they || || || || || || || || ||
can purchase a new life insurance policy with another
|| || || || || || || || ||
company
23.what is floridas definition of life insurance replacement:
|| || || || || || || |
a transaction in which a new policy is bought and an old
|| || || || || || || || || || ||
|| policy is terminated || ||
24.a sole proprietor may use this plan only if the employees of
|| || || || || || || || || || || ||
this business are included: keogh pension plan
|| || || || || ||
25.a primary beneficiary has died before the insured in a life
|| || | | | | | | | | |
insurance policy. a contingent beneficiary is also named in the || || || || | | || | || |
policy. which of the following will occur when the insured dies:
|| || || || | || || || || || ||
proceeds will go to the contingent beneficiary || || || || || ||
26.Upon delivery of a rated life insurance policy, the
|| || || || || || || | ||
Producer must obtain each of the following EXCEPT: signed
|| || || || || || || ||
4 || / || 34
simulator newest exam 200 questions with
answers
1.what is considered to be a characteristic of an immediate
|| || || || || || || || || ||
annuity: benefit payments start within one payment
|| || || || || || ||
period of purchase || ||
2.which of these characteristics is consistent with a straight
|| || || || || || || || ||
life policy: pre- miums are payable for as long as there is
|| || || || || || || || || || || ||
insurance coverage in force || || ||
3.an insureds inability to perform two or more activities of
|| || || || || || || || || ||
daily living may trigger which type of life policy rider: long
|| || || || || || || || || || ||
term care ||
4.B recently died and was insured with a life insurance policy
|| || || || || || || || || || ||
for over five years. During the claims process, the insurer
|| || || || || || || || || |
discovered that B had understat- ed his age by 5 years at the || || || || || || || || || || || || ||
time of application. In this situation, the insurer will: pay the
|| || || || || || || || || || ||
amount that the premium would have purchased at the
|| || || || || || || || ||
correct age ||
5.what action can a policyowner take if an application for a bank
|| || || || | || | | || | | ||
1 || / || 34
,loan requires collateral: assign policy ownership to the bank
|| || || || || || || ||
6.what is required in the Florida Employee Health Care
|| || || || || || || || ||
Access Act: small group benefit plans are to be issued || || || || || || || || || ||
on a guarantee issue basis
|| || || ||
7.P is a forty year old woman and would like to purchase an
|| || || || || || || || || || || || ||
annuity that will provide a lifetime income stream beginning at
|| || || | | | | | || |
age sixty. Which of the following did she NOT buy?: an
|| || || || || || || || || || ||
immediate annuity ||
8.the situation in which a group of physicians are salaried
|| || || || || || || || || ||
employees and conduct business in an hmo facility is || || || || || || || || ||
called: closed panel || ||
9.T sends proof of loss to her insurer for an acceptable medical
|| || || || || | | || | | | |
expense claim under her individual Health Insurance policy. || || || || || || || ||
Upon receipt, the insurer must pay the benefits: immediately
|| || || || || || || ||
10.an application for medicare supplement coverage may not
|| || || || || || ||
|| be denied by the insurer if the application was submitted
|| || || || || || || || || ||
within ||
month(s) after the applicant reaches the age 65: six || || || || || || || ||
11.when a policyowner cash surrenders a universal life || || || || || || | |
insurance policy in its early years, this may be considered a || || || || || || || || || || ||
red flag for a(n): anti money laundering violation
|| || || || || || ||
12.When is a Group Health policy required to provide coverage || || || || | || || || || ||
for a newborn child?: at the moment of birth
|| || || || || || || ||
2 || / || 34
,13.which of the following situations does not apply to the florida
|| || || || | || || || || || ||
replacement rule: an existing policyholder purchases an || || || || || || ||
additional policy from the same insurer || || || || ||
14.under a renewable term policy: the renewal premium is
|| || || | || || || || ||
calculated on the basis of the insured's attained age || || || || || || || ||
15. D owns a Whole Life policy that was purchased 10 years
|| || || || || | || | || || |
ago. If the premium payments suddenly stop and D takes no
|| || || || || || | | | | |
additional action, which Nonforfeiture Option will the insurer
|| || || || || || || ||
likely proceed with?: extended term
|| || || ||
16.In Florida, which employee is eligible for an employer's
|| || || || || || || || ||
group term life plan?: employee who works more than 40
|| || || || || || || || ||
|| hours per week || ||
17.which of the following statements is correct regarding an
|| || || || || || || || ||
employer/em- ployee group health plan: the employer || || || || || || ||
receives a master policy and the employ- ees receive
|| || || || || || || || ||
certificates
18.all of the following statements regarding a tax sheltered
|| || || || || || || || ||
annuity (tsa) are true except: income derived from the tsa is
|| || || || || || || || || ||
|| received income tax free || || ||
19.How would a contingent beneficiary receive the policy
|| || || || || || || ||
proceeds in an Ac- cidental Death and Dismemberment|| || || || || || || ||
(AD&D) policy?: if the primary beneficiary dies before the
|| || || || || || || || ||
insured
3 || / || 34
, 20.A student pilot can pay regular premium costs for her life
|| || || || || || || | | || |
insurance policy with the addition of which of the following?: || || || || || || || || || ||
aviation exclusion ||
21.which of these statements is incorrect regarding a || || || || || || || ||
preferred provider organization (ppo)?: ppos are not a|| || || || || || || ||
type of managed care systems
|| || || ||
22.which of the following is considered an accurate || || || || || || || ||
statement of an unfair trade practice?: twisting involves an || || || || || | || || ||
agent using misrepresentation to convince a
|| || || || || ||
policyowner to cancel their current policy so that they || || || || || || || || ||
can purchase a new life insurance policy with another
|| || || || || || || || ||
company
23.what is floridas definition of life insurance replacement:
|| || || || || || || |
a transaction in which a new policy is bought and an old
|| || || || || || || || || || ||
|| policy is terminated || ||
24.a sole proprietor may use this plan only if the employees of
|| || || || || || || || || || || ||
this business are included: keogh pension plan
|| || || || || ||
25.a primary beneficiary has died before the insured in a life
|| || | | | | | | | | |
insurance policy. a contingent beneficiary is also named in the || || || || | | || | || |
policy. which of the following will occur when the insured dies:
|| || || || | || || || || || ||
proceeds will go to the contingent beneficiary || || || || || ||
26.Upon delivery of a rated life insurance policy, the
|| || || || || || || | ||
Producer must obtain each of the following EXCEPT: signed
|| || || || || || || ||
4 || / || 34
