Florida Life and Health Insurance State Exam Review (2-15) Questions and Answers

Florida Life and Health Insurance State Exam Review (2-15) Questions and Answers Under Florida Law, which of the following provisions is NOT required in a medicare supplement policy? - Ans: -limitation on pre-existing conditions for up to 12 months M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the denial before the policy will be automatically placed back in force? - Ans: -45 days Florida's 14-day free-look period for life insurance policies begins at the - Ans: -date of delivery K made a fraudulent statement on her health insurance policy application. In the event of a claim on this policy, the insurance company is required to pay - Ans: -nothing What type of rider would be added to an Accident and Health policy if the policyowner wants to ensure the policy will continue if he/she ever becomes totally disabled? - Ans: -waiver of premium rider Dividends paid from a life insurance policy are - Ans: -issued by the insurer Asset protection can be provided by a long-term care partnership policy if the policyholder qualifies for - Ans: -medicaid which of the following BEST describes warranty? - Ans: -Statement guaranteed to be true When does a life insurance contract become effective if the initial premium is not collected during the application process? - Ans: -when producer delivers policy and collects initial premium Which statement is TRUE in regards to a policy loan? - Ans: -past-due interest on a policy loan is added to the total debt When must insurable interest exist for a life insurance contract to be valid? - Ans: -inception of the contract S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to change the policy or waive any of its provisions. Which health policy provision is this? - Ans: -entire contract