XCEL FL TEST STUDY GUIDE QUESTIONS & ANSWERS 2023/2024

XCEL FL TEST STUDY GUIDE QUESTIONS & ANSWERS 2023/2024 Which of the following types of health coverage frequently uses a deductible? - ANSWER-Major Medical policy What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? - ANSWER-Irrevocable beneficiary If a 10-Year Term Life policy contains a Renewability provision, the policy will renew - ANSWER-without evidence of insurability Under Florida law, a variable annuity policyowner must be notified of accumulated value of the contract - ANSWER-once a year Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100% premium refund? - ANSWER-30 During the course of an insurance transaction, if an agent makes a false or incomplete statement, he/she could be found guilty of - ANSWER-misrepresentation Accidental Death coverage is provided to commercial airline passengers in which of the following types of policies? - ANSWER-Blanket Accident policy An IRA owner can start making withdrawals and NOT be subjected to a tax penalty beginning at what age? - ANSWER-59 1/2 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