FLORIDA 2 15 INSURANCE LICENSE FULLY
SOLVED TEST PAPER GRADED A+
◉ Basic Forms of Insurance: Level, Decreasing, Increasing
Answer: Term
◉ Coverage of Hospice Services under Medicare Part A
Answer: TRUE
◉ Requirement for Group Health Insurers in Florida Regarding
Mental and Nervous Disorder Insurance
Answer: TRUE
◉ Comparison of Deductibles: Group Major Medical vs. Individual
Health Plans
Answer: $1,000 plus
◉ Benefits Package Requirement for Every HMO Subscriber
Answer: Copy of HMO contract, certificate, and member's handbook
◉ Condition for Reinstatement of Life Insurance Policy
Answer: Not surrendered for cash value
,◉ Types of Permanent Life Insurance
Answer: Term Life
◉ Signature Requirement in Florida for Minor Purchasing Life
Insurance
Answer: Parent or Legal Guardian
◉ Offense of Damaging a Competing Agent's Reputation
Answer: Defamation
◉ Policy Values Used to Purchase Another Policy for Additional
Premiums
Answer: Churning
◉ Outcome of Office of Insurance Regulation Review for Insurance
Business Application
Answer: Certificate of Authority
◉ Coverage Requirement for Diabetes Treatment in Florida Health
Insurance
Answer: TRUE
, ◉ Tax Deduction for Insured Reimbursement of Medical Expenses
Answer: NO
◉ Key Person Insurance Benefit Exclusion
Answer: Wage Control
◉ Requirement for Social Security Survivor Benefits Eligibility
Answer: Six Credits during the 13-Quarter Period
◉ Provision for Individual Variable Insurance Contract Sales
Presentation
Answer: Must Accompany Every Sales Presentation
◉ Most Group Disability Policies Calculation Method
Answer: Percentage
◉ Group Health Plans Experience-Rated Premium Changes
Answer: False
◉ Group Life Insurance Employee Classification Exception
Answer: Gender
SOLVED TEST PAPER GRADED A+
◉ Basic Forms of Insurance: Level, Decreasing, Increasing
Answer: Term
◉ Coverage of Hospice Services under Medicare Part A
Answer: TRUE
◉ Requirement for Group Health Insurers in Florida Regarding
Mental and Nervous Disorder Insurance
Answer: TRUE
◉ Comparison of Deductibles: Group Major Medical vs. Individual
Health Plans
Answer: $1,000 plus
◉ Benefits Package Requirement for Every HMO Subscriber
Answer: Copy of HMO contract, certificate, and member's handbook
◉ Condition for Reinstatement of Life Insurance Policy
Answer: Not surrendered for cash value
,◉ Types of Permanent Life Insurance
Answer: Term Life
◉ Signature Requirement in Florida for Minor Purchasing Life
Insurance
Answer: Parent or Legal Guardian
◉ Offense of Damaging a Competing Agent's Reputation
Answer: Defamation
◉ Policy Values Used to Purchase Another Policy for Additional
Premiums
Answer: Churning
◉ Outcome of Office of Insurance Regulation Review for Insurance
Business Application
Answer: Certificate of Authority
◉ Coverage Requirement for Diabetes Treatment in Florida Health
Insurance
Answer: TRUE
, ◉ Tax Deduction for Insured Reimbursement of Medical Expenses
Answer: NO
◉ Key Person Insurance Benefit Exclusion
Answer: Wage Control
◉ Requirement for Social Security Survivor Benefits Eligibility
Answer: Six Credits during the 13-Quarter Period
◉ Provision for Individual Variable Insurance Contract Sales
Presentation
Answer: Must Accompany Every Sales Presentation
◉ Most Group Disability Policies Calculation Method
Answer: Percentage
◉ Group Health Plans Experience-Rated Premium Changes
Answer: False
◉ Group Life Insurance Employee Classification Exception
Answer: Gender
