Florida Health and Life Insurance
newest Exam 149 questions with
answers
According to Mandatory Uniform Policy Provisions, what is the maximum
|| || || || || || || || || ||
amount of time after the premium due date during which the policy
|| || || || || || || || || || || ||
remains in force even though the premium has not been paid? - correct
|| || || || || || || || || || || || ||
answer ✔31 days || ||
G purchased a Family Income policy at age 40. The policy has a 20-year
|| || || || || || || || || || || || || ||
rider period. If G were to die at age 50, how long would G's family receive
|| || || || || || || || || || || || || || ||
an income? - correct answer ✔10 years
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E and F are business partners. Each takes out a $500,000 life insurance
|| || || || || || || || || || || || ||
policy on the other, naming himself as primary beneficiary. E and F
|| || || || || || || || || || || ||
eventually terminate their business, and four months later E dies. Although
|| || || || || || || || || || ||
E was married with three children at the time of death, the primary
|| || || || || || || || || || || || ||
beneficiary is still F. However, an insurable interest no longer exists. Where
|| || || || || || || || || || ||
will the proceeds from E's life insurance policy be directed to? - correct
|| || || || || || || || || || || || || ||
answer ✔F ||
The Health Insurance Portability and Accountability Act (HIPAA) gives
|| || || || || || || || ||
privacy protection for: - correct answer ✔health information
|| || || || || || ||
What do Dread Disease policies cover? - correct answer ✔A specific disease
|| || || || || || || || || || ||
or illness
|| ||
,When an insurance application is taken by a producer, which of these
|| || || || || || || || || || || ||
statements is true? - correct answer ✔Any changes made on the
|| || || || || || || || || || ||
application require the applicant's initials || || || ||
A student pilot can pay regular premium costs for her life insurance policy
|| || || || || || || || || || || || ||
with the addition of which of the following? - correct answer ✔Aviation
|| || || || || || || || || || || ||
exclusion
What is the consideration given by an insurer in the Consideration clause of
|| || || || || || || || || || || ||
a life policy? - correct answer ✔Promise to pay a death benefit to a
|| || || || || || || || || || || || || || ||
named beneficiary ||
Which of the following reimburses its insureds for covered medical
|| || || || || || || || || ||
expenses? - correct answer ✔Commercial insurers
|| || || || ||
Under Florida law, which of the following provisions is NOT required in a
|| || || || || || || || || || || || ||
Medicare Supplement policy? - correct answer ✔Limitation on pre-existing
|| || || || || || || || ||
conditions for up to 12 months || || || || ||
Which organization was established to provide funds to protect an insured
|| || || || || || || || || || ||
in the event of an insurer's insolvency? - correct answer ✔Florida Life and
|| || || || || || || || || || || || ||
Health Insurance Guaranty Association
|| || ||
Major Medical policies typically: - correct answer ✔contain a deductible and
|| || || || || || || || || ||
coinsurance
||
, The Life and Health Insurance Guaranty Association is - correct answer
|| || || || || || || || || || ||
✔funded by admitted insurance companies through assessments
|| || || || || ||
P and Q are married and have three children. P is the primary beneficiary
|| || || || || || || || || || || || || ||
on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister
|| || || || || || || || || || ||
R is the contingent beneficiary. P, Q, and R are involved in a car accident
|| || || || || || || || || || || || || || ||
and Q and R are killed instantly. The Accidental Death benefits will be paid
|| || || || || || || || || || || || ||
to: - correct answer ✔P only
|| || || || || ||
Which of the following is considered an accurate statement of an unfair
|| || || || || || || || || || || ||
trade practice? - correct answer ✔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
Which of the following is an example of an Unfair Trade Practice? - correct
|| || || || || || || || || || || || ||
answer ✔Coercison
|| ||
The Legal Actions provision of an insurance contract is designed to do all of
|| || || || || || || || || || || || ||
the following, EXCEPT: - correct answer ✔protect the producer
|| || || || || || || || ||
Which of these actions should a producer take when submitting an
|| || || || || || || || || || ||
insurance application to an insurer? - correct answer ✔Inform insurer of
|| || || || || || || || || || ||
relevant information not included on the application
|| || || || || ||
A Health Reimbursement Arrangement MUST be established: - correct
|| || || || || || || || ||
answer ✔by the employer || || ||
newest Exam 149 questions with
answers
According to Mandatory Uniform Policy Provisions, what is the maximum
|| || || || || || || || || ||
amount of time after the premium due date during which the policy
|| || || || || || || || || || || ||
remains in force even though the premium has not been paid? - correct
|| || || || || || || || || || || || ||
answer ✔31 days || ||
G purchased a Family Income policy at age 40. The policy has a 20-year
|| || || || || || || || || || || || || ||
rider period. If G were to die at age 50, how long would G's family receive
|| || || || || || || || || || || || || || ||
an income? - correct answer ✔10 years
|| || || || || || ||
E and F are business partners. Each takes out a $500,000 life insurance
|| || || || || || || || || || || || ||
policy on the other, naming himself as primary beneficiary. E and F
|| || || || || || || || || || || ||
eventually terminate their business, and four months later E dies. Although
|| || || || || || || || || || ||
E was married with three children at the time of death, the primary
|| || || || || || || || || || || || ||
beneficiary is still F. However, an insurable interest no longer exists. Where
|| || || || || || || || || || ||
will the proceeds from E's life insurance policy be directed to? - correct
|| || || || || || || || || || || || || ||
answer ✔F ||
The Health Insurance Portability and Accountability Act (HIPAA) gives
|| || || || || || || || ||
privacy protection for: - correct answer ✔health information
|| || || || || || ||
What do Dread Disease policies cover? - correct answer ✔A specific disease
|| || || || || || || || || || ||
or illness
|| ||
,When an insurance application is taken by a producer, which of these
|| || || || || || || || || || || ||
statements is true? - correct answer ✔Any changes made on the
|| || || || || || || || || || ||
application require the applicant's initials || || || ||
A student pilot can pay regular premium costs for her life insurance policy
|| || || || || || || || || || || || ||
with the addition of which of the following? - correct answer ✔Aviation
|| || || || || || || || || || || ||
exclusion
What is the consideration given by an insurer in the Consideration clause of
|| || || || || || || || || || || ||
a life policy? - correct answer ✔Promise to pay a death benefit to a
|| || || || || || || || || || || || || || ||
named beneficiary ||
Which of the following reimburses its insureds for covered medical
|| || || || || || || || || ||
expenses? - correct answer ✔Commercial insurers
|| || || || ||
Under Florida law, which of the following provisions is NOT required in a
|| || || || || || || || || || || || ||
Medicare Supplement policy? - correct answer ✔Limitation on pre-existing
|| || || || || || || || ||
conditions for up to 12 months || || || || ||
Which organization was established to provide funds to protect an insured
|| || || || || || || || || || ||
in the event of an insurer's insolvency? - correct answer ✔Florida Life and
|| || || || || || || || || || || || ||
Health Insurance Guaranty Association
|| || ||
Major Medical policies typically: - correct answer ✔contain a deductible and
|| || || || || || || || || ||
coinsurance
||
, The Life and Health Insurance Guaranty Association is - correct answer
|| || || || || || || || || || ||
✔funded by admitted insurance companies through assessments
|| || || || || ||
P and Q are married and have three children. P is the primary beneficiary
|| || || || || || || || || || || || || ||
on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister
|| || || || || || || || || || ||
R is the contingent beneficiary. P, Q, and R are involved in a car accident
|| || || || || || || || || || || || || || ||
and Q and R are killed instantly. The Accidental Death benefits will be paid
|| || || || || || || || || || || || ||
to: - correct answer ✔P only
|| || || || || ||
Which of the following is considered an accurate statement of an unfair
|| || || || || || || || || || || ||
trade practice? - correct answer ✔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
Which of the following is an example of an Unfair Trade Practice? - correct
|| || || || || || || || || || || || ||
answer ✔Coercison
|| ||
The Legal Actions provision of an insurance contract is designed to do all of
|| || || || || || || || || || || || ||
the following, EXCEPT: - correct answer ✔protect the producer
|| || || || || || || || ||
Which of these actions should a producer take when submitting an
|| || || || || || || || || || ||
insurance application to an insurer? - correct answer ✔Inform insurer of
|| || || || || || || || || || ||
relevant information not included on the application
|| || || || || ||
A Health Reimbursement Arrangement MUST be established: - correct
|| || || || || || || || ||
answer ✔by the employer || || ||
