@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
FLORIDA LIFE AND HEALTH INSURANCE,
FLORIDA 215 LIFE, HEALTH, INSURANCE LAW
PRACTICE EXAM, XCEL 2-15 FLORIDA LIFE &
HEALTH STATE EXAM SIMULATOR, FLORIDA 2-
15 INSURANCE LICENSE EXAM, FLORIDA
HEALTH AND LIFE INSURANCE EXAM, FINAL
EXAM: FLORIDA LIFE AND HEALTH TEST BANK
ALL VERSIONS
FLORIDA LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS
FLORIDA 215 LIFE, HEALTH, INSURANCE LAW PRACTICE EXAM QUESTIONS
AND ANSWERS
XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM SIMULATOR QUESTIONS AND
ANSWERS
FLORIDA 2-15 INSURANCE LICENSE EXAM QUESTIONS AND ANSWERS
FLORIDA HEALTH AND LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
FINAL EXAM: FLORIDA LIFE AND HEALTH QUESTIONS AND ANSWERS
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
__________ is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions. -
CORRECT ANSWER - Churning
___________ refers to the monies set aside by insurers for future claims costs. -
CORRECT ANSWER - Reserve funds
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. –
CORRECT ANSWER - Level
_____________ health insurance is issued to cover a group who may be exposed to
the same risks, but the composition of the group is constantly changing. -
CORRECT ANSWER - Blanket
_______________ policies are commonly used as a hedge against inflation to ward off
decreased purchasing power. –
CORRECT ANSWER - Increasing term
__________________ are the two most important factors in the health insurance
underwriting process. –
CORRECT ANSWER - Medical history and occupation
"ACC" refers to the type of disability that prevents someone from performing the job he
was performing prior to the disability. -
CORRECT ANSWER - FALSE
Under the USA Patriot Act, insurers are required to report receipt of cash payments in
excess of: -
CORRECT ANSWER - $10,000
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
N is covered under an individual Disability policy with a 30 day Elimination period and a
monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received
on this claim is? -
CORRECT ANSWER - $1250 break down $500+$500+250= $1250 after the 30 day
elimination period has been satisfied
An employee with $25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a:
CORRECT ANSWER - $25,000 individual whole life policy
An employee with $25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a:
CORRECT ANSWER - $25,000 whole life policy( A terminated employee may convert
to a $25,000 individual whole life policy)
J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance clause. If J
is hospitalized and receives a bill for $10,000, J would Pay?
CORRECT ANSWER - $3,600 the math is $2,000(Deductible) + 20% of the remaining
bill = $3,600
S buys a $50,000 whole life policy with a $50,000 Accidental Death and
Dismemberment rider. S dies 1 year later of natural causes. How much will the insurer
pay the beneficiary?
CORRECT ANSWER - $50,000
An individual has a Major Medical policy with a $5,000 deductible and an 80/20
Coinsurance clause. How much will the INSURED have to pay if a total of $15,000 in
covered medical expenses are incurred?
ANSWER - $7,000 ($5,000 + 20% of the remaining bill = $7,000)
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
$7,000 breakdown $5,000 + 20% of the remaining bill = $7,000 –
CORRECT ANSWER - An individual has a Major Medical policy with a $5,000
deductible and an 80/20 Coinsurance clause. How much will the INSURED have to pay
if a total $15,000 in covered medical expenses are incurred?
What percent of personal life insurance premiums is usually deductible for federal
income tax purposes?
CORRECT ANSWER - 0%
T would like to be assured $10,000 is available in 10 years to replace a roof on his
house. What kind of $10,000 policy should T purchase?
CORRECT ANSWER - 10 Year Endowment
G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If
G were to die at age 50, how long would G's family receive an income?
CORRECT ANSWER - 10 years
A life policy loan in Florida cannot charge a fixed rate of interest higher than
CORRECT ANSWER - 10%
Premature IRA distributions are assessed a penalty tax of:
CORRECT ANSWER - 10%
What percentage of eligible persons must a policy cover in a noncontributory group?
CORRECT ANSWER - 100%
A 15-year mortgage is best protected by what kind of life policy?
CORRECT ANSWER - 15-year mortgage is best protected by a 15-year decreasing
term
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
FLORIDA LIFE AND HEALTH INSURANCE,
FLORIDA 215 LIFE, HEALTH, INSURANCE LAW
PRACTICE EXAM, XCEL 2-15 FLORIDA LIFE &
HEALTH STATE EXAM SIMULATOR, FLORIDA 2-
15 INSURANCE LICENSE EXAM, FLORIDA
HEALTH AND LIFE INSURANCE EXAM, FINAL
EXAM: FLORIDA LIFE AND HEALTH TEST BANK
ALL VERSIONS
FLORIDA LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS
FLORIDA 215 LIFE, HEALTH, INSURANCE LAW PRACTICE EXAM QUESTIONS
AND ANSWERS
XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM SIMULATOR QUESTIONS AND
ANSWERS
FLORIDA 2-15 INSURANCE LICENSE EXAM QUESTIONS AND ANSWERS
FLORIDA HEALTH AND LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
FINAL EXAM: FLORIDA LIFE AND HEALTH QUESTIONS AND ANSWERS
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
__________ is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions. -
CORRECT ANSWER - Churning
___________ refers to the monies set aside by insurers for future claims costs. -
CORRECT ANSWER - Reserve funds
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. –
CORRECT ANSWER - Level
_____________ health insurance is issued to cover a group who may be exposed to
the same risks, but the composition of the group is constantly changing. -
CORRECT ANSWER - Blanket
_______________ policies are commonly used as a hedge against inflation to ward off
decreased purchasing power. –
CORRECT ANSWER - Increasing term
__________________ are the two most important factors in the health insurance
underwriting process. –
CORRECT ANSWER - Medical history and occupation
"ACC" refers to the type of disability that prevents someone from performing the job he
was performing prior to the disability. -
CORRECT ANSWER - FALSE
Under the USA Patriot Act, insurers are required to report receipt of cash payments in
excess of: -
CORRECT ANSWER - $10,000
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
N is covered under an individual Disability policy with a 30 day Elimination period and a
monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received
on this claim is? -
CORRECT ANSWER - $1250 break down $500+$500+250= $1250 after the 30 day
elimination period has been satisfied
An employee with $25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a:
CORRECT ANSWER - $25,000 individual whole life policy
An employee with $25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a:
CORRECT ANSWER - $25,000 whole life policy( A terminated employee may convert
to a $25,000 individual whole life policy)
J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance clause. If J
is hospitalized and receives a bill for $10,000, J would Pay?
CORRECT ANSWER - $3,600 the math is $2,000(Deductible) + 20% of the remaining
bill = $3,600
S buys a $50,000 whole life policy with a $50,000 Accidental Death and
Dismemberment rider. S dies 1 year later of natural causes. How much will the insurer
pay the beneficiary?
CORRECT ANSWER - $50,000
An individual has a Major Medical policy with a $5,000 deductible and an 80/20
Coinsurance clause. How much will the INSURED have to pay if a total of $15,000 in
covered medical expenses are incurred?
ANSWER - $7,000 ($5,000 + 20% of the remaining bill = $7,000)
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
,@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
$7,000 breakdown $5,000 + 20% of the remaining bill = $7,000 –
CORRECT ANSWER - An individual has a Major Medical policy with a $5,000
deductible and an 80/20 Coinsurance clause. How much will the INSURED have to pay
if a total $15,000 in covered medical expenses are incurred?
What percent of personal life insurance premiums is usually deductible for federal
income tax purposes?
CORRECT ANSWER - 0%
T would like to be assured $10,000 is available in 10 years to replace a roof on his
house. What kind of $10,000 policy should T purchase?
CORRECT ANSWER - 10 Year Endowment
G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If
G were to die at age 50, how long would G's family receive an income?
CORRECT ANSWER - 10 years
A life policy loan in Florida cannot charge a fixed rate of interest higher than
CORRECT ANSWER - 10%
Premature IRA distributions are assessed a penalty tax of:
CORRECT ANSWER - 10%
What percentage of eligible persons must a policy cover in a noncontributory group?
CORRECT ANSWER - 100%
A 15-year mortgage is best protected by what kind of life policy?
CORRECT ANSWER - 15-year mortgage is best protected by a 15-year decreasing
term
@@@@@@@@@@@@@@@################################################################################!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NSURANCE
FLORIDA
LAW, XCEL
LIFE AND
2-15 HEALTH
FLORIDAINSURANCE,
SIMULATOR LICENSE
TEST BANK
EXAM,
ALL FINAL
VERSIONS.pdf!@@@@@@@@@@@@@@@@@@@@@@@@@@@@#################
EXAM, FLORIDA 215 LIFE, HEALTH, INSURANCE LAW, XCEL 2-15 FLORIDA SIMULATOR
