Florida Insurance Exam| 150 Questions| Correct 100%

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWER Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used? - ANSWER Conditional A life insurance arrangement which circumvents insurable interest statutes is called: - ANSWER Investor-Originated Life Insurance Which of the following health policy provisions states that the producer does NOT have the authority to change the policy or waive any of its provisions? - ANSWER Entire Contract Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100% premium refund? - ANSWER 30 Which of the following is NOT an unfair claim settlement practice? - ANSWER Needing written documentation of claim details Who is NOT required to sign a life insurance application? - ANSWER Beneficiary To be eligible for Social Security disability benefits, an employee must be unable to perform: - ANSWER any occupation The type of annuity that can be purchased with one monetary deposit is called a(n): - ANSWER Immediate annuity A life insurance application must be signed by all of these, EXCEPT: - ANSWER beneficiary Which of the following is considered an accurate statement of an unfair trade practice? - ANSWER Twisting involves an agent using misrepresentation to convince a policyowner to cancel their current policy so that they can purchase a new life insurance policy with another company