Florida Life & Health Practice Test
A Business Overhead Expense coverage would cover which of the subsequent if a business
proprietor will become disabled? - ANS-Utilities and workplace hire
A function of Preferred Provider Organizations (PPOs) would be: - ANS-Discounted charges for
the patient
A creditor who calls for a debtor to acquire insurance from a specific organisation or agent as a
circumstance for a loan is guilty of - ANS-Coercion
A Disability Income policyowner these days submitted a claim for a continual neck trouble that
has now resulted in general disability. The authentic neck injury befell before the utility become
taken five years previous. The neck damage changed into in no way disclosed to the insurer at
the time of software. How will the insurer deal with this claim? - ANS-Claim might be paid and
coverage will continue to be in pressure
A Disability Income policyowner suffers a disability which changed into because of the identical
cause as a previous incapacity. Both disabilities came about inside a five-month period. The
insurer might also cowl the second disability without a new elimination duration below the -
ANS-Recurrent Disability provision
A lifestyles coverage application need to be signed by using all of these EXCEPT -
ANS-Beneficiary
A life insurance coverage that gives a policyowner with cash value along side a stage face
quantity is referred to as - ANS-Whole life
A life coverage coverage which ensures that the premium could be paid if the insured turns into
disabled has what kind of rider attached? - ANS-Waiver of Premium
A hospital treatment company which typically can provide health services at its very own local
scientific facility is called a - ANS-Health Maintenance Organization
A newly licensed agent MUST fulfill a persevering with training requirement of what number of
hours each years? - ANS-24
A policyowner is permitted to pay charges greater than once a year underneath which
provision? - ANS-Mode of Premium
,A pay as you go utility for individual Disability Income coverage was lately submitted to an
insurer. When the insurer acquired the Medical Information Bureau (MIB) file, the record
confirmed that the applicant had suffered a stroke 18 months in the past, some thing that
became not disclosed on the utility. Which of the following actions might the coverage enterprise
NOT take? - ANS-Send a observe to the MIB that the applicant turned into declined
A provision in a existence coverage coverage that can pay the policyowner an quantity that
doesn't surpass the guaranteed cash value is referred to as the - ANS-Policy Loan provision
A variable coverage coverage - ANS-does now not guarantee a return on its funding bills
According to Florida law, how frequently must a variable annuity policyholder be knowledgeable
of the amassed cost of the contract at some stage in the premium payment period? - ANS-At
least as soon as each 12 months
According to Florida statutes, all the following provisions have to be contained in a Medicare
Supplement coverage EXCEPT - ANS-A 12-month hindrance on pre-existing situations
According to the coverage code, an agent's managed commercial enterprise may additionally
NOT exceed a most of - ANS-50%
According to the Time Payment of Claims provision, the insurer should pay Disability Income
advantages no less frequently than which of the following alternatives? - ANS-Monthly
Additional coverage may be delivered to a Whole Life coverage by means of adding a(n) -
ANS-lowering time period rider
Agents can help potential insureds apprehend and buy the most suitable product via delivering -
ANS-a purchaser's guide
Agents advertising variable lifestyles coverage must be licensed and appointed as a life and
variable settlement agent, and a - ANS-dealer dealer
All of the subsequent are possible effects for putting with an unauthorized insurer EXCEPT -
ANS-conviction of a primary degree misdemeanor
All of the subsequent are unfair claim agreement practices EXCEPT - ANS-requiring written
documentation of claim info
All of these are taken into consideration assets of underwriting information approximately an
applicant EXCEPT - ANS-Rating Services
An agent takes an character Disability Income software, collects the perfect premium, and
issues the potential insured a conditional receipt. The next step the coverage organization will
, take is to - ANS-determine if the applicant is a suitable threat with the aid of finishing
fashionable underwriting techniques
An agent who makes a assertion that is maliciously important of every other individual's
monetary condition is responsible of - ANS-Defamation
An agent's license will terminate if the agent permits what period of time to elapse with out being
appointed for the elegance or training of coverage indexed at the license? - ANS-forty eight
months
An immediately annuity includes a - ANS-single premium
An character Disability Income coverage applicant can be required to put up all the following
facts EXCEPT - ANS-spouse's career
An individual has a Major Medical coverage with a $five,000 deductible and an 80/20
Coinsurance clause. How tons will the INSURED ought to pay if a complete of $15,000 in
covered clinical expenses are incurred? - ANS-$7,000
An person who purchases a Life annuity is given protection against - ANS-the chance of living
longer than anticipated
An insurance business enterprise licensed in Florida and domiciled in Pennsylvania is referred
to as - ANS-a overseas organization
An insured included with the aid of life coverage has just died. What will manifest if the number
one beneficiary had already died before the insured and contingent beneficiary? -
ANS-Proceeds will go to the contingent beneficiary
An insured is overdue on his life coverage premium, but continues to be in the Grace Period.
What will the beneficiary acquire if the insured dies at some point of this Grace Period? -
ANS-Full face amount minus any late premiums
An insured pays premiums on an annual basis for an character medical health insurance
coverage. What is the MINIMUM quantity of days for the Grace Period provision? - ANS-31
An underwriter determines that an applicant's chance must be recategorized because of a
fitness difficulty. This life coverage policy may be issued with a(n) - ANS-extra top class
Any adjustments made on an insurance software requires the initials of whom? - ANS-Applicant
At what factor ought to a life insurance applicant be knowledgeable in their rights that fall under
the Fair Credit Reporting Act? - ANS-Upon final touch of the application
A Business Overhead Expense coverage would cover which of the subsequent if a business
proprietor will become disabled? - ANS-Utilities and workplace hire
A function of Preferred Provider Organizations (PPOs) would be: - ANS-Discounted charges for
the patient
A creditor who calls for a debtor to acquire insurance from a specific organisation or agent as a
circumstance for a loan is guilty of - ANS-Coercion
A Disability Income policyowner these days submitted a claim for a continual neck trouble that
has now resulted in general disability. The authentic neck injury befell before the utility become
taken five years previous. The neck damage changed into in no way disclosed to the insurer at
the time of software. How will the insurer deal with this claim? - ANS-Claim might be paid and
coverage will continue to be in pressure
A Disability Income policyowner suffers a disability which changed into because of the identical
cause as a previous incapacity. Both disabilities came about inside a five-month period. The
insurer might also cowl the second disability without a new elimination duration below the -
ANS-Recurrent Disability provision
A lifestyles coverage application need to be signed by using all of these EXCEPT -
ANS-Beneficiary
A life insurance coverage that gives a policyowner with cash value along side a stage face
quantity is referred to as - ANS-Whole life
A life coverage coverage which ensures that the premium could be paid if the insured turns into
disabled has what kind of rider attached? - ANS-Waiver of Premium
A hospital treatment company which typically can provide health services at its very own local
scientific facility is called a - ANS-Health Maintenance Organization
A newly licensed agent MUST fulfill a persevering with training requirement of what number of
hours each years? - ANS-24
A policyowner is permitted to pay charges greater than once a year underneath which
provision? - ANS-Mode of Premium
,A pay as you go utility for individual Disability Income coverage was lately submitted to an
insurer. When the insurer acquired the Medical Information Bureau (MIB) file, the record
confirmed that the applicant had suffered a stroke 18 months in the past, some thing that
became not disclosed on the utility. Which of the following actions might the coverage enterprise
NOT take? - ANS-Send a observe to the MIB that the applicant turned into declined
A provision in a existence coverage coverage that can pay the policyowner an quantity that
doesn't surpass the guaranteed cash value is referred to as the - ANS-Policy Loan provision
A variable coverage coverage - ANS-does now not guarantee a return on its funding bills
According to Florida law, how frequently must a variable annuity policyholder be knowledgeable
of the amassed cost of the contract at some stage in the premium payment period? - ANS-At
least as soon as each 12 months
According to Florida statutes, all the following provisions have to be contained in a Medicare
Supplement coverage EXCEPT - ANS-A 12-month hindrance on pre-existing situations
According to the coverage code, an agent's managed commercial enterprise may additionally
NOT exceed a most of - ANS-50%
According to the Time Payment of Claims provision, the insurer should pay Disability Income
advantages no less frequently than which of the following alternatives? - ANS-Monthly
Additional coverage may be delivered to a Whole Life coverage by means of adding a(n) -
ANS-lowering time period rider
Agents can help potential insureds apprehend and buy the most suitable product via delivering -
ANS-a purchaser's guide
Agents advertising variable lifestyles coverage must be licensed and appointed as a life and
variable settlement agent, and a - ANS-dealer dealer
All of the subsequent are possible effects for putting with an unauthorized insurer EXCEPT -
ANS-conviction of a primary degree misdemeanor
All of the subsequent are unfair claim agreement practices EXCEPT - ANS-requiring written
documentation of claim info
All of these are taken into consideration assets of underwriting information approximately an
applicant EXCEPT - ANS-Rating Services
An agent takes an character Disability Income software, collects the perfect premium, and
issues the potential insured a conditional receipt. The next step the coverage organization will
, take is to - ANS-determine if the applicant is a suitable threat with the aid of finishing
fashionable underwriting techniques
An agent who makes a assertion that is maliciously important of every other individual's
monetary condition is responsible of - ANS-Defamation
An agent's license will terminate if the agent permits what period of time to elapse with out being
appointed for the elegance or training of coverage indexed at the license? - ANS-forty eight
months
An immediately annuity includes a - ANS-single premium
An character Disability Income coverage applicant can be required to put up all the following
facts EXCEPT - ANS-spouse's career
An individual has a Major Medical coverage with a $five,000 deductible and an 80/20
Coinsurance clause. How tons will the INSURED ought to pay if a complete of $15,000 in
covered clinical expenses are incurred? - ANS-$7,000
An person who purchases a Life annuity is given protection against - ANS-the chance of living
longer than anticipated
An insurance business enterprise licensed in Florida and domiciled in Pennsylvania is referred
to as - ANS-a overseas organization
An insured included with the aid of life coverage has just died. What will manifest if the number
one beneficiary had already died before the insured and contingent beneficiary? -
ANS-Proceeds will go to the contingent beneficiary
An insured is overdue on his life coverage premium, but continues to be in the Grace Period.
What will the beneficiary acquire if the insured dies at some point of this Grace Period? -
ANS-Full face amount minus any late premiums
An insured pays premiums on an annual basis for an character medical health insurance
coverage. What is the MINIMUM quantity of days for the Grace Period provision? - ANS-31
An underwriter determines that an applicant's chance must be recategorized because of a
fitness difficulty. This life coverage policy may be issued with a(n) - ANS-extra top class
Any adjustments made on an insurance software requires the initials of whom? - ANS-Applicant
At what factor ought to a life insurance applicant be knowledgeable in their rights that fall under
the Fair Credit Reporting Act? - ANS-Upon final touch of the application
