XCel 2-15 florida life & health state exam simulator
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1. what is considered to be a characteristic of benefit payments start
an immediate annuity within one payment period
of purchase
2. which of these characteristics is consistent premiums are payable for
with a straight life policy as long as there is insur-
ance coverage in force
3. an insureds inability to perform two or more long term care
activities of daily living may trigger which
type of life policy rider
4. B recently died and was insured with a life pay the amount that the
insurance policy for over five years. During premium would have pur-
the claims process, the insurer discovered chased at the correct age
that B had understated his age by 5 years at
the time of application. In this situation, the
insurer will
5. what action can a policyowner take if an ap- assign policy ownership to
plication for a bank loan requires collateral the bank
6. what is required in the Florida Employee small group benefit plans
Health Care Access Act are to be issued on a guar-
antee issue basis
7. P is a forty year old woman and would like an immediate annuity
to purchase an annuity that will provide a
lifetime income stream beginning at age sixty.
Which of the following did she NOT buy?
8. the situation in which a group of physicians closed panel
are salaried employees and conduct busi-
ness in an hmo facility is called
9. T sends proof of loss to her insurer for an immediately
acceptable medical expense claim under her
individual Health Insurance policy. Upon re-
ceipt, the insurer must pay the benefits
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_d1uhap
10. an application for medicare supplement cov- six
erage may not be denied by the insurer if
the application was submitted within ______
month(s) after the applicant reaches the age
65
11. when a policyowner cash surrenders a uni- anti money laundering vio-
versal life insurance policy in its early years, lation
this may be considered a red flag for a(n)
12. When is a Group Health policy required to at the moment of birth
provide coverage for a newborn child?
13. which of the following situations does not an existing policyholder
apply to the florida replacement rule purchases an additional
policy from the same insur-
er
14. under a renewable term policy the renewal premium is cal-
culated on the basis of the
insured's attained age
15. D owns a Whole Life policy that was pur- extended term
chased 10 years ago. If the premium pay-
ments suddenly stop and D takes no addition-
al action, which Nonforfeiture Option will the
insurer likely proceed with?
16. In Florida, which employee is eligible for an employee who works more
employer's group term life plan? than 40 hours per week
17. which of the following statements is cor- the employer receives a
rect regarding an employer/employee group master policy and the em-
health plan ployees receive certificates
18. all of the following statements regarding a tax income derived from the
sheltered annuity (tsa) are true except tsa is received income tax
free
19.
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_d1uhap
How would a contingent beneficiary receive if the primary beneficiary
the policy proceeds in an Accidental Death dies before the insured
and Dismemberment (AD&D) policy?
20. A student pilot can pay regular premium aviation exclusion
costs for her life insurance policy with the
addition of which of the following?
21. which of these statements is incorrect re- ppos are not a type of man-
garding a preferred provider organization aged care systems
(ppo)?
22. which of the following is considered an accu- twisting involves an agent
rate statement of an unfair trade practice? using misrepresentation to
convince a policyowner to
cancel their current policy
so that they can purchase
a new life insurance policy
with another company
23. what is floridas definition of life insurance a transaction in which a
replacement new policy is bought and
an old policy is terminated
24. a sole proprietor may use this plan only if the keogh pension plan
employees of this business are included
25. a primary beneficiary has died before the in- proceeds will go to the con-
sured in a life insurance policy. a contingent tingent beneficiary
beneficiary is also named in the policy. which
of the following will occur when the insured
dies
26. Upon delivery of a rated life insurance policy, signed hipaa disclosure
the Producer must obtain each of the follow-
ing EXCEPT
27. which of these is not relevant when the deter- local unemployment rates
mining the amount of personal life insurance
needed
Study online at https://quizlet.com/_d1uhap
1. what is considered to be a characteristic of benefit payments start
an immediate annuity within one payment period
of purchase
2. which of these characteristics is consistent premiums are payable for
with a straight life policy as long as there is insur-
ance coverage in force
3. an insureds inability to perform two or more long term care
activities of daily living may trigger which
type of life policy rider
4. B recently died and was insured with a life pay the amount that the
insurance policy for over five years. During premium would have pur-
the claims process, the insurer discovered chased at the correct age
that B had understated his age by 5 years at
the time of application. In this situation, the
insurer will
5. what action can a policyowner take if an ap- assign policy ownership to
plication for a bank loan requires collateral the bank
6. what is required in the Florida Employee small group benefit plans
Health Care Access Act are to be issued on a guar-
antee issue basis
7. P is a forty year old woman and would like an immediate annuity
to purchase an annuity that will provide a
lifetime income stream beginning at age sixty.
Which of the following did she NOT buy?
8. the situation in which a group of physicians closed panel
are salaried employees and conduct busi-
ness in an hmo facility is called
9. T sends proof of loss to her insurer for an immediately
acceptable medical expense claim under her
individual Health Insurance policy. Upon re-
ceipt, the insurer must pay the benefits
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_d1uhap
10. an application for medicare supplement cov- six
erage may not be denied by the insurer if
the application was submitted within ______
month(s) after the applicant reaches the age
65
11. when a policyowner cash surrenders a uni- anti money laundering vio-
versal life insurance policy in its early years, lation
this may be considered a red flag for a(n)
12. When is a Group Health policy required to at the moment of birth
provide coverage for a newborn child?
13. which of the following situations does not an existing policyholder
apply to the florida replacement rule purchases an additional
policy from the same insur-
er
14. under a renewable term policy the renewal premium is cal-
culated on the basis of the
insured's attained age
15. D owns a Whole Life policy that was pur- extended term
chased 10 years ago. If the premium pay-
ments suddenly stop and D takes no addition-
al action, which Nonforfeiture Option will the
insurer likely proceed with?
16. In Florida, which employee is eligible for an employee who works more
employer's group term life plan? than 40 hours per week
17. which of the following statements is cor- the employer receives a
rect regarding an employer/employee group master policy and the em-
health plan ployees receive certificates
18. all of the following statements regarding a tax income derived from the
sheltered annuity (tsa) are true except tsa is received income tax
free
19.
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_d1uhap
How would a contingent beneficiary receive if the primary beneficiary
the policy proceeds in an Accidental Death dies before the insured
and Dismemberment (AD&D) policy?
20. A student pilot can pay regular premium aviation exclusion
costs for her life insurance policy with the
addition of which of the following?
21. which of these statements is incorrect re- ppos are not a type of man-
garding a preferred provider organization aged care systems
(ppo)?
22. which of the following is considered an accu- twisting involves an agent
rate statement of an unfair trade practice? using misrepresentation to
convince a policyowner to
cancel their current policy
so that they can purchase
a new life insurance policy
with another company
23. what is floridas definition of life insurance a transaction in which a
replacement new policy is bought and
an old policy is terminated
24. a sole proprietor may use this plan only if the keogh pension plan
employees of this business are included
25. a primary beneficiary has died before the in- proceeds will go to the con-
sured in a life insurance policy. a contingent tingent beneficiary
beneficiary is also named in the policy. which
of the following will occur when the insured
dies
26. Upon delivery of a rated life insurance policy, signed hipaa disclosure
the Producer must obtain each of the follow-
ing EXCEPT
27. which of these is not relevant when the deter- local unemployment rates
mining the amount of personal life insurance
needed
