Chapter 8 (Health) Study Questions with Correct Answers 100% Verified

Chapter 8 (Health) Study Questions with Correct Answers 100% Verified Chief Financial Officer - Correct Answer The Bureau of Unclaimed Property is overseen by the funded by admitted insurance companies through assessments - Correct Answer The Life and Health Insurance Guaranty Association is Performing insurance transactions without a license - Correct Answer Which action could result in a hearing being ordered by the Department of Financial Services? only if the child is incapable of employment and chiefly dependent on the policyowner - Correct Answer Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent Coercion - Correct Answer Which of the following is an example of an Unfair Trade Practice? offering a client something of value not stated in the contract in exchange for their business - Correct Answer An example of rebating would be failing to effectuate prompt, fair, and equitable settlements of a claim - Correct Answer An example of an unfair claims practice would be Mutual - Correct Answer Which type of insurance company allows their policyowners to elect a governing body? An agent guaranteeing a policy's dividends - Correct Answer Which of the following is considered to be misrepresentation? An insurer exaggerating its dividends in a magazine advertisement - Correct Answer An example of false advertising would be misrepresentation - Correct Answer Convincing a prospective insured to buy an insurance policy based on exaggerations is called Only if the agent-in-charge is present when insurance activity occurs - Correct Answer How can an agent-in-charge have more than one location? domestic company - Correct Answer In Florida, an insurer domiciled and incorporated in this state is called a(n) 24 - Correct Answer Agents that have been licensed for less than six years must complete __ hours of continuing education every two years