Chapter Exam: Florida Life and Health
Laws and Rules Questions and Answers
FloridaArequiresAthatAcoverageAforAnewbornsAbeginsA"fromAtheAmomentAofAbirth"AandA
continuesAfor
-A18Amonths
-A6Amonths
-A12Amonths
-A31AdaysA-ACORRECTAANSWERSA-18Amonths
InAFlorida,AaAhealthApolicyAthatAisApaidAonAaAquarterlyAbasisArequiresAaAgraceAperiodAof
-A10Adays
-A45Adays
-A31Adays
-A7AdaysA-ACORRECTAANSWERSA-31Adays
WhatAtypeAofAinsuranceAcompanyAisAdomiciledAinAEngland,AbutAconductsAbusinessAinAFlori
da?
-AForeign
-AAlien
-ADomestic
-ATransatlanticA-ACORRECTAANSWERSA-Alien
TheAminimumAageAatAwhichAaApersonAcanAsignAaAlifeAinsuranceAapplicationAis
-A16Ayears
-A18Ayears
-A15Ayears
-A17AyearsA-ACORRECTAANSWERSA-15Ayears
WhatAwouldAbeAanAaccurateAdefinitionAofA"controlledAbusiness"?
-AInsuranceAbusinessAthatAisAwrittenAonAtheAagent'sAownAlife,Aproperty,AorAinterests
-AInsuranceAbusinessAobtainedAbyAanAagentAthroughAcoercion,Aintimidation,AorAboycotting
-
AInsuranceAbusinessAthatAisAobtainedAbyAreplacingAanAexistingApolicyAthroughAmisrepresen
tation
-AInsuranceAbusinessAthatAisAobtainedAthroughAfalseAadvertisingA-
ACORRECTAANSWERSA-
InsuranceAbusinessAthatAisAwrittenAonAtheAagent'sAownAlife,Aproperty,AorAinterests
UnderAaAlifeAinsuranceApolicy,AtheA________AhasAtheAauthorityAtoAnameAtheAbeneficiary.
-Aowner
-Aagent
, -Abeneficiary
-AunderwriterA-ACORRECTAANSWERSA-owner
AnAexampleAofAanAunfairAclaimsApracticeAwouldAbe
-ApayingAaAclaimApromptlyAafterAreceivingAproofAofAloss
-AfailingAtoAeffectuateAprompt,Afair,AandAequitableAsettlementsAofAaAclaim
-ArequestingAaAthird-partyAarbitratorAtoAresolveAaAdisagreement
-ArequiringAtheAinsuredAtoAgiveAaAstatementAunderAoathA-ACORRECTAANSWERSA-
failingAtoAeffectuateAprompt,Afair,AandAequitableAsettlementsAofAaAclaim
InAFlorida,AwhichAofAtheAfollowingApractitionersAnormallyAdoANOTAreceiveApaymentAfromAh
ealthAinsuranceApolicies?
-AOptometrists
-APediatricians
-ADentists
-ANaturopathsA-ACORRECTAANSWERSA-Naturopaths
AnAexampleAofAanAunfairAclaimsAsettlementApracticeAis
-ApayingAaAclaimAinAaAtimelyAmatter
-AmakingAitAmandatoryAthatAproofAofAlossAbeAprovidedAforAeachAclaim
-ArequiringAaAtimeAlimitAforAsubmittingAaAclaim
-AturningAdownAaAclaimAwithoutAprovidingAtheAbasisAofAdenialA-ACORRECTAANSWERSA-
turningAdownAaAclaimAwithoutAprovidingAtheAbasisAofAdenial
WhatAisAFlorida'sAdefinitionAofALifeAinsuranceAreplacement?
-AAAtransactionAinAwhichAgroupAlifeAcoverageAisAconvertedAtoAanAindividualApolicy
-AAAtransactionAinAwhichAaApolicyownerAreinstatesAaAlapsedApolicy
-AAAtransactionAinAwhichAcoverageAonAanAexistingApolicyAisAincreased
-AAAtransactionAinAwhichAaAnewApolicyAisAboughtAandAanAoldApolicyAisAterminatedA-
ACORRECTAANSWERSA-
AAtransactionAinAwhichAaAnewApolicyAisAboughtAandAanAoldApolicyAisAterminated
AnAexampleAofAfalseAadvertisingAwouldAbe
-APaidAtestimonialsAfromAcelebrityAendorsements
-AAnAinsurerAexaggeratingAitsAdividendsAinAaAmagazineAadvertisement
-AAnAagentAspendingAmoreAthanA$25AonAmarketingAgiftsAforAaAclient
-AAnAinsurerAadvertisingAinAanAinsuranceAtradeAjournalA-ACORRECTAANSWERSA-
AnAinsurerAexaggeratingAitsAdividendsAinAaAmagazineAadvertisement
TheAcoordinationAofAbenefitsA(COB)AprovisionAexistsAinAorderAto
-AavoidAexcessiveAhospitalization
-AmaximizeApatientAcare
-AlowerAinsuranceApremiums
-AavoidAduplicationAofAbenefitApaymentsA-ACORRECTAANSWERSA-
avoidAduplicationAofAbenefitApayments
Laws and Rules Questions and Answers
FloridaArequiresAthatAcoverageAforAnewbornsAbeginsA"fromAtheAmomentAofAbirth"AandA
continuesAfor
-A18Amonths
-A6Amonths
-A12Amonths
-A31AdaysA-ACORRECTAANSWERSA-18Amonths
InAFlorida,AaAhealthApolicyAthatAisApaidAonAaAquarterlyAbasisArequiresAaAgraceAperiodAof
-A10Adays
-A45Adays
-A31Adays
-A7AdaysA-ACORRECTAANSWERSA-31Adays
WhatAtypeAofAinsuranceAcompanyAisAdomiciledAinAEngland,AbutAconductsAbusinessAinAFlori
da?
-AForeign
-AAlien
-ADomestic
-ATransatlanticA-ACORRECTAANSWERSA-Alien
TheAminimumAageAatAwhichAaApersonAcanAsignAaAlifeAinsuranceAapplicationAis
-A16Ayears
-A18Ayears
-A15Ayears
-A17AyearsA-ACORRECTAANSWERSA-15Ayears
WhatAwouldAbeAanAaccurateAdefinitionAofA"controlledAbusiness"?
-AInsuranceAbusinessAthatAisAwrittenAonAtheAagent'sAownAlife,Aproperty,AorAinterests
-AInsuranceAbusinessAobtainedAbyAanAagentAthroughAcoercion,Aintimidation,AorAboycotting
-
AInsuranceAbusinessAthatAisAobtainedAbyAreplacingAanAexistingApolicyAthroughAmisrepresen
tation
-AInsuranceAbusinessAthatAisAobtainedAthroughAfalseAadvertisingA-
ACORRECTAANSWERSA-
InsuranceAbusinessAthatAisAwrittenAonAtheAagent'sAownAlife,Aproperty,AorAinterests
UnderAaAlifeAinsuranceApolicy,AtheA________AhasAtheAauthorityAtoAnameAtheAbeneficiary.
-Aowner
-Aagent
, -Abeneficiary
-AunderwriterA-ACORRECTAANSWERSA-owner
AnAexampleAofAanAunfairAclaimsApracticeAwouldAbe
-ApayingAaAclaimApromptlyAafterAreceivingAproofAofAloss
-AfailingAtoAeffectuateAprompt,Afair,AandAequitableAsettlementsAofAaAclaim
-ArequestingAaAthird-partyAarbitratorAtoAresolveAaAdisagreement
-ArequiringAtheAinsuredAtoAgiveAaAstatementAunderAoathA-ACORRECTAANSWERSA-
failingAtoAeffectuateAprompt,Afair,AandAequitableAsettlementsAofAaAclaim
InAFlorida,AwhichAofAtheAfollowingApractitionersAnormallyAdoANOTAreceiveApaymentAfromAh
ealthAinsuranceApolicies?
-AOptometrists
-APediatricians
-ADentists
-ANaturopathsA-ACORRECTAANSWERSA-Naturopaths
AnAexampleAofAanAunfairAclaimsAsettlementApracticeAis
-ApayingAaAclaimAinAaAtimelyAmatter
-AmakingAitAmandatoryAthatAproofAofAlossAbeAprovidedAforAeachAclaim
-ArequiringAaAtimeAlimitAforAsubmittingAaAclaim
-AturningAdownAaAclaimAwithoutAprovidingAtheAbasisAofAdenialA-ACORRECTAANSWERSA-
turningAdownAaAclaimAwithoutAprovidingAtheAbasisAofAdenial
WhatAisAFlorida'sAdefinitionAofALifeAinsuranceAreplacement?
-AAAtransactionAinAwhichAgroupAlifeAcoverageAisAconvertedAtoAanAindividualApolicy
-AAAtransactionAinAwhichAaApolicyownerAreinstatesAaAlapsedApolicy
-AAAtransactionAinAwhichAcoverageAonAanAexistingApolicyAisAincreased
-AAAtransactionAinAwhichAaAnewApolicyAisAboughtAandAanAoldApolicyAisAterminatedA-
ACORRECTAANSWERSA-
AAtransactionAinAwhichAaAnewApolicyAisAboughtAandAanAoldApolicyAisAterminated
AnAexampleAofAfalseAadvertisingAwouldAbe
-APaidAtestimonialsAfromAcelebrityAendorsements
-AAnAinsurerAexaggeratingAitsAdividendsAinAaAmagazineAadvertisement
-AAnAagentAspendingAmoreAthanA$25AonAmarketingAgiftsAforAaAclient
-AAnAinsurerAadvertisingAinAanAinsuranceAtradeAjournalA-ACORRECTAANSWERSA-
AnAinsurerAexaggeratingAitsAdividendsAinAaAmagazineAadvertisement
TheAcoordinationAofAbenefitsA(COB)AprovisionAexistsAinAorderAto
-AavoidAexcessiveAhospitalization
-AmaximizeApatientAcare
-AlowerAinsuranceApremiums
-AavoidAduplicationAofAbenefitApaymentsA-ACORRECTAANSWERSA-
avoidAduplicationAofAbenefitApayments