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FL Life and Health Insurance 2-15 Study Exam || Most
Recent Exam Actual Complete 165 Real Verified Exam
Questions And Correct Answers (Verified Answers)
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According to the 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? - Answer-31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - Answer-Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - Answer-A portion of the
premium
Which statement regarding third-party ownership of a life
insurance policy is true? - Answer-It is used extensively in
estate planning as well as business circumstances.
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Which of the following employees may NOT be excluded
from a group life plan? - Answer-Full-time employees after
the probationary period.
Which of the following statements BEST describes what
the Legal Actions provision of an Accident and Health
policy requires? - Answer-An insured must wait at least 60
days after Proof of Loss has been submitted before a
lawsuit can be filed.
What percentage of eligible persons must a policy cover in
a noncontributory group? - Answer-100%
What are adjustable rates for life policy loans in Florida
based on? - Answer-Moody's corporate bond index.
An underwriter determines that a life insurance applicant's
risk should be reclassified due to a health issue. This
policy may be issued with a(n): - Answer-exclusion for the
medical condition
What is the initial requirement for an insured to become
eligible for benefits under the Waiver of Premium
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provision? - Answer-Insured must be under a physician's
care
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
Answer-Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - Answer-adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - Answer-Benefits have no
maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of
age provision in regard to the payment of the death claim?
- Answer-The proceeds would be reduced based on
whatever the premium would have been if purchased at
age 59.
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All of these are considered sources of underwriting
information about an applicant, EXCEPT: - Answer-
Inspection Report
J has a Disability Income policy that does NOT provide
benefits for losses occurring as the result of his
employment. What kind of coverage is this? - Answer-
Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is
considered to be a(n) - Answer-certificate holder
According to Florida law, which of the following information
does NOT need to be obtained by an agent
recommending an annuity purchase? - Answer-Marital
status
Dividends paid from a life insurance policy are - Answer-
taxable
S takes out a health insurance policy which contains a
provision that states the agent does not have the authority
FL Life and Health Insurance 2-15 Study Exam || Most
Recent Exam Actual Complete 165 Real Verified Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ | Guaranteed Success!!|| Brand
New Exam!!
According to the 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? - Answer-31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - Answer-Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - Answer-A portion of the
premium
Which statement regarding third-party ownership of a life
insurance policy is true? - Answer-It is used extensively in
estate planning as well as business circumstances.
,2|Page
Which of the following employees may NOT be excluded
from a group life plan? - Answer-Full-time employees after
the probationary period.
Which of the following statements BEST describes what
the Legal Actions provision of an Accident and Health
policy requires? - Answer-An insured must wait at least 60
days after Proof of Loss has been submitted before a
lawsuit can be filed.
What percentage of eligible persons must a policy cover in
a noncontributory group? - Answer-100%
What are adjustable rates for life policy loans in Florida
based on? - Answer-Moody's corporate bond index.
An underwriter determines that a life insurance applicant's
risk should be reclassified due to a health issue. This
policy may be issued with a(n): - Answer-exclusion for the
medical condition
What is the initial requirement for an insured to become
eligible for benefits under the Waiver of Premium
,3|Page
provision? - Answer-Insured must be under a physician's
care
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
Answer-Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - Answer-adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - Answer-Benefits have no
maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of
age provision in regard to the payment of the death claim?
- Answer-The proceeds would be reduced based on
whatever the premium would have been if purchased at
age 59.
, 4|Page
All of these are considered sources of underwriting
information about an applicant, EXCEPT: - Answer-
Inspection Report
J has a Disability Income policy that does NOT provide
benefits for losses occurring as the result of his
employment. What kind of coverage is this? - Answer-
Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is
considered to be a(n) - Answer-certificate holder
According to Florida law, which of the following information
does NOT need to be obtained by an agent
recommending an annuity purchase? - Answer-Marital
status
Dividends paid from a life insurance policy are - Answer-
taxable
S takes out a health insurance policy which contains a
provision that states the agent does not have the authority
