Life and Health Insurance (Florida) ExamFX Simulation Questions | Questions with 100% Correct Answers | Updated & Verified

Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated? a) Those who have worked in the company for at least 3 years b) Those who have dependents c) Those who have no history of claims d) Those who have been insured under the plan for at least 5 years - d) Those who have been insured under the plan for at least 5 years According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT a) Unearned premiums are retained by the insurance company. b) The insurer must provide the insured a written notice of the cancellation. c) Claims incurred before cancellation must be honored. d) An insurance company may cancel the policy at any time. - a) Unearned premiums are retained by the insurance company. Another term used to describe "no deductible" is a) Comprehensive. b) Total coverage. c) Immediate cooperative