XCel 2-15 florida life & health state exam
simulator
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
3 multiple choice options
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
3 multiple choice options
an insureds inability to perform two or more activities of daily living may trigger which type of life
policy rider
long term care
3 multiple choice options
B recently died and was insured with a life insurance policy for over five years. During the claims
process, the insurer discovered that B had understated his age by 5 years at the time of
application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
3 multiple choice options
what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
3 multiple choice options
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
3 multiple choice options
P is a forty year old woman and would like to purchase an annuity that will provide a lifetime
income stream beginning at age sixty. Which of the following did she NOT buy?
an immediate annuity
3 multiple choice options
,the situation in which a group of physicians are salaried employees and conduct business in an
hmo facility is called
closed panel
3 multiple choice options
T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
3 multiple choice options
an application for medicare supplement coverage may not be denied by the insurer if the
application was submitted within ______ month(s) after the applicant reaches the age 65
six
3 multiple choice options
when a policyowner cash surrenders a universal life insurance policy in its early years, this may
be considered a red flag for a(n)
anti money laundering violation
3 multiple choice options
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
3 multiple choice options
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
3 multiple choice options
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
3 multiple choice options
D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely
proceed with?
, extended term
3 multiple choice options
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
3 multiple choice options
which of the following statements is correct regarding an employer/employee group health plan
the employer receives a master policy and the employees receive certificates
3 multiple choice options
all of the following statements regarding a tax sheltered annuity (tsa) are true except
income derived from the tsa is received income tax free
3 multiple choice options
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
if the primary beneficiary dies before the insured
3 multiple choice options
A student pilot can pay regular premium costs for her life insurance policy with the addition of
which of the following?
aviation exclusion
3 multiple choice options
which of these statements is incorrect regarding a preferred provider organization (ppo)?
ppos are not a type of managed care systems
3 multiple choice options
which of the following is considered an accurate statement of an unfair trade practice?
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
3 multiple choice options
what is floridas definition of life insurance replacement
a transaction in which a new policy is bought and an old policy is terminated
simulator
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
3 multiple choice options
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
3 multiple choice options
an insureds inability to perform two or more activities of daily living may trigger which type of life
policy rider
long term care
3 multiple choice options
B recently died and was insured with a life insurance policy for over five years. During the claims
process, the insurer discovered that B had understated his age by 5 years at the time of
application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
3 multiple choice options
what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
3 multiple choice options
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
3 multiple choice options
P is a forty year old woman and would like to purchase an annuity that will provide a lifetime
income stream beginning at age sixty. Which of the following did she NOT buy?
an immediate annuity
3 multiple choice options
,the situation in which a group of physicians are salaried employees and conduct business in an
hmo facility is called
closed panel
3 multiple choice options
T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
3 multiple choice options
an application for medicare supplement coverage may not be denied by the insurer if the
application was submitted within ______ month(s) after the applicant reaches the age 65
six
3 multiple choice options
when a policyowner cash surrenders a universal life insurance policy in its early years, this may
be considered a red flag for a(n)
anti money laundering violation
3 multiple choice options
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
3 multiple choice options
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
3 multiple choice options
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
3 multiple choice options
D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely
proceed with?
, extended term
3 multiple choice options
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
3 multiple choice options
which of the following statements is correct regarding an employer/employee group health plan
the employer receives a master policy and the employees receive certificates
3 multiple choice options
all of the following statements regarding a tax sheltered annuity (tsa) are true except
income derived from the tsa is received income tax free
3 multiple choice options
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
if the primary beneficiary dies before the insured
3 multiple choice options
A student pilot can pay regular premium costs for her life insurance policy with the addition of
which of the following?
aviation exclusion
3 multiple choice options
which of these statements is incorrect regarding a preferred provider organization (ppo)?
ppos are not a type of managed care systems
3 multiple choice options
which of the following is considered an accurate statement of an unfair trade practice?
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
3 multiple choice options
what is floridas definition of life insurance replacement
a transaction in which a new policy is bought and an old policy is terminated
