Florida Health Insurance 2-40 Practice Test bank Actual Exam Questions and Answer Rated[ A+ ]2024 /Health Insurance Florida 2-40 Practice Exam Questions #2.

Florida Health Insurance 2-40 Practice Test bank Actual Exam Questions and Answer Rated[ A+ ]2024 /Health Insurance Florida 2-40 Practice Exam Questions #2. _____ are set aside by an insurance company and designated for the payment of future claims. A) Reserves B) Dividends C) Capital accounts D) Premiums - CORRECT ANSWERS-Reserves 'Insurance Transaction' includes? A) Negotiations. B) Informal conversation among producers. C) Setting up an unattended brochure stand. D) Taking a random phone survey. - CORRECT ANSWERS-Negotiations A bank or credit union will not give a loan unless the borrower buys insurance from a specific company. This is known as? A) Misrepresentation B) Rebating C) Churning D) Coercion - CORRECT ANSWERS-Coercion (It is an unfair trade practice to enter into any agreement to commit, any act of boycott, coercion, or intimidation resulting in an unreasonable restraint of, or monopoly in, the business of insurance.) A court reporter develops arthritis making it impossible to continue this employment. The reporter now has other employment at a reduced salary and receives a monthly benefit from an insurance contract due to which of the following policy provisions? A) Residual Disability B) Recurrent Disability C) Partial Disability D) Total Disability - CORRECT ANSWERS-Residual Disabil