FLORIDA 2 15 INSURANCE LICENSE EXAM
CONCLUDING REVIEW SHEET PRACTICE
SOLUTION BUNDLED FULLY VERIFIED
ONE HUNDRED PERCENT PASS
GUARANTEED
⩥ What is a key benefit of Section 1035 Exchanges when moving
annuity funds?
Answer: income tax free
⩥ Which titles can a life insurance agent use when conducting business?
Answer: Neither financial planner, consultant, or investment advisor
⩥ Must group health insurers provide or offer chiropractic coverage?
Answer: TRUE
⩥ Does a term life insurance policy's cash value build over time?
Answer: FALSE
⩥ When must insurable interest exist?
Answer: the time of application
, ⩥ Who regulates retirement plans in Florida?
Answer: ERISA (Employee Retirement Income Security Act)
⩥ Most Common Insurance in Group Life Plans
Answer: Annual Renewable Term
⩥ Purpose of Medigap Policies
Answer: Pay for some healthcare services not covered by Medicare,
cover most deductibles and copayments, supplement Medicare benefits
⩥ Age Requirement for Traditional IRA
Answer: 70 1/2
⩥ Non-Valued Insurance Contracts
Answer: Medical Expense Plans
⩥ Disability Insurance Qualification Threshold
Answer: 20% disabled
⩥ Legal Representative in Law of Agency
Answer: Principal
CONCLUDING REVIEW SHEET PRACTICE
SOLUTION BUNDLED FULLY VERIFIED
ONE HUNDRED PERCENT PASS
GUARANTEED
⩥ What is a key benefit of Section 1035 Exchanges when moving
annuity funds?
Answer: income tax free
⩥ Which titles can a life insurance agent use when conducting business?
Answer: Neither financial planner, consultant, or investment advisor
⩥ Must group health insurers provide or offer chiropractic coverage?
Answer: TRUE
⩥ Does a term life insurance policy's cash value build over time?
Answer: FALSE
⩥ When must insurable interest exist?
Answer: the time of application
, ⩥ Who regulates retirement plans in Florida?
Answer: ERISA (Employee Retirement Income Security Act)
⩥ Most Common Insurance in Group Life Plans
Answer: Annual Renewable Term
⩥ Purpose of Medigap Policies
Answer: Pay for some healthcare services not covered by Medicare,
cover most deductibles and copayments, supplement Medicare benefits
⩥ Age Requirement for Traditional IRA
Answer: 70 1/2
⩥ Non-Valued Insurance Contracts
Answer: Medical Expense Plans
⩥ Disability Insurance Qualification Threshold
Answer: 20% disabled
⩥ Legal Representative in Law of Agency
Answer: Principal
