FLORIDA 2 15 INSURANCE LICENSE EXAM 2 CONCLUDING REVIEW SHEET PRACTICE SOLUTION BUNDLED FULLY VERIFIED ONE HUNDRED PERCENT PASS GUARANTEED

FLORIDA 2 15 INSURANCE LICENSE EXAM 2
CONCLUDING REVIEW SHEET PRACTICE
SOLUTION BUNDLED FULLY VERIFIED
ONE HUNDRED PERCENT PASS
GUARANTEED

⩥ The Free Look Period for long-term care policies is _______ days.
Answer: 30


⩥ AD&D Policies Benefit Payout
Answer: Payable as principal sum and capital sum


⩥ Effective Date with Conditional Receipt
Answer: Time insurer accepts application and issues policy


⩥ Service Providers in Medical Contracts
Answer: Sell medical and hospital care services


⩥ Hedge Against Inflation
Answer: Increasing term policies

, ⩥ IRA Withdrawal Penalty for Special Vacation
Answer: $400 penalty


⩥ Immediate Annuity Income Provision
Answer: Provides income immediately


⩥ Life with Period Certain Annuity Beneficiary
Answer: Harriet receives payments for remaining five years


⩥ Drafting Buy-Sell Agreements
Answer: Done by an attorney


⩥ Direct Access Requirement for HMOs and PPOs in Florida
Answer: Access to dermatologists, chiropractors, optometrists, OB
gynecologists, and podiatrists


⩥ Insurance Contract Principle
Answer: Contract of utmost good faith


⩥ The Deficit Reduction Act gives governors more flexibility to design
benefits that efficiently and affordably meet their states' needs.
Answer: Medicaid