EXAM SIMULATOR FLORIDA-LIFE & HEALTH / FL HEALTH &
LIFE AND ANNUITY COMPLETE STUDY GUIDE (SOURCE
Xcel solutions – Pearson) 400+ ACTUAL TEST QUESTIONS
WITH DETAILED VERIFIED ANSWERS / ALREADY GRADED A
Terms in this set (407)
A non-contributory plan 100%
requires _________
participation of all eligible
employees
A characteristic of preferred Discounted fees for the patient
provider organizations
(PPOS) would be:
Which of the following areas Commerce
of state regulation is NOT
protected by the saving
clause in ERISA?
Additional coverage can be decreasing term rider
added to a whole Life policy
by adding a(n):
What benefit does the payor Premiums are waived if the payor becomes disabled
clause on a Juvenile Life
policy provide?
According to Florida law, At the time of application
when must an agent deliver
the outline of Coverage to a
Medicare
Supplement applicant?
,N is a student pilot with a Exclusion
large life insurance policy.
Which of these features
would limit the insurer's
obligation in the event N was
killed while flying as a
student pilot?
Which statement is true Normally, a guarding is required to be appointed in the
regarding a minor Beneficiary clause of the contract
beneficiary ?
A sole proprietor may use Individual Retirement Account (IRA)
this plan ONLY if the
employees of this business
are included.
Which of the following Seven-day grace period
provisions is NOT required in
HMO contracts/certificated?
The Bureau of Unclaimed Chief Financial Officer
Property is overseen by the
A life policy that contains a Variable Universal Life policy
monthly mortality charge as
well as selfdirected
investment choices is called
a(n)
insurer dated the policy
An insurance company
normally has 2 years to
contest information provided
on an accident and health
application. This 2 year
period begins on the date
that the:
,P is a new employee and will Sign an enrollment card
be obtaining noncontributory
group Major Medical
insurance from her employer.
Which of the following
actions must she take during
the open enrollment period?
Which of the following They are nonprofit organizations
statements is true about
most Blue Cross/Blue Shield
organizations?
A "reimbursement policy" Actual covered expenses up to the daily maximum
pays what amount of
covered Long-Term care
expenses?
An individual covered certificate holder
under a group life
insurance policy is
considered to be a (n)
The __________ has the policyowner
right to change a life
insurance policy's
beneficiary.
Which of the following Notice to existing and replacing insurers of intention to
documents must an agent replace
submit to the replacing
insurance company during
the replacement of an
existing life insurance policy?
Which of these statements Normally includes an Elimination period
concerning an individual
Disability income policy is
TRUE?
, A statement made by an a representation
insured in an insurance
application that must be
true to the best of one's
knowledge and which
becomes a part of the
contract is known as
A foreign insurance is a company that was formed under the laws of another
company doing business state
in Florida
An insurer must provide an 15
insured with claim forms
within __ days after
receiving notice of a loss.
When an insurer issues a exclusion
policy that refuses to cover
certain risks, this is referred
to as a(n)
:
What is the initial source Application containing statements from the insured
of underwriting for an
insurance policy?
T, age 70, withdraws cash Income that cannot be outlived by the owner
from a profit-sharing plan
and purchases a Straight life
Annuity. What will this
transaction provide?
If Tom's employment is terminated, 20% of the funds would be
Tom has a qualified forfeited
retirement plan with his
employer that is currently
considered to be 80%
"vested". How can this be
interpreted?
LIFE AND ANNUITY COMPLETE STUDY GUIDE (SOURCE
Xcel solutions – Pearson) 400+ ACTUAL TEST QUESTIONS
WITH DETAILED VERIFIED ANSWERS / ALREADY GRADED A
Terms in this set (407)
A non-contributory plan 100%
requires _________
participation of all eligible
employees
A characteristic of preferred Discounted fees for the patient
provider organizations
(PPOS) would be:
Which of the following areas Commerce
of state regulation is NOT
protected by the saving
clause in ERISA?
Additional coverage can be decreasing term rider
added to a whole Life policy
by adding a(n):
What benefit does the payor Premiums are waived if the payor becomes disabled
clause on a Juvenile Life
policy provide?
According to Florida law, At the time of application
when must an agent deliver
the outline of Coverage to a
Medicare
Supplement applicant?
,N is a student pilot with a Exclusion
large life insurance policy.
Which of these features
would limit the insurer's
obligation in the event N was
killed while flying as a
student pilot?
Which statement is true Normally, a guarding is required to be appointed in the
regarding a minor Beneficiary clause of the contract
beneficiary ?
A sole proprietor may use Individual Retirement Account (IRA)
this plan ONLY if the
employees of this business
are included.
Which of the following Seven-day grace period
provisions is NOT required in
HMO contracts/certificated?
The Bureau of Unclaimed Chief Financial Officer
Property is overseen by the
A life policy that contains a Variable Universal Life policy
monthly mortality charge as
well as selfdirected
investment choices is called
a(n)
insurer dated the policy
An insurance company
normally has 2 years to
contest information provided
on an accident and health
application. This 2 year
period begins on the date
that the:
,P is a new employee and will Sign an enrollment card
be obtaining noncontributory
group Major Medical
insurance from her employer.
Which of the following
actions must she take during
the open enrollment period?
Which of the following They are nonprofit organizations
statements is true about
most Blue Cross/Blue Shield
organizations?
A "reimbursement policy" Actual covered expenses up to the daily maximum
pays what amount of
covered Long-Term care
expenses?
An individual covered certificate holder
under a group life
insurance policy is
considered to be a (n)
The __________ has the policyowner
right to change a life
insurance policy's
beneficiary.
Which of the following Notice to existing and replacing insurers of intention to
documents must an agent replace
submit to the replacing
insurance company during
the replacement of an
existing life insurance policy?
Which of these statements Normally includes an Elimination period
concerning an individual
Disability income policy is
TRUE?
, A statement made by an a representation
insured in an insurance
application that must be
true to the best of one's
knowledge and which
becomes a part of the
contract is known as
A foreign insurance is a company that was formed under the laws of another
company doing business state
in Florida
An insurer must provide an 15
insured with claim forms
within __ days after
receiving notice of a loss.
When an insurer issues a exclusion
policy that refuses to cover
certain risks, this is referred
to as a(n)
:
What is the initial source Application containing statements from the insured
of underwriting for an
insurance policy?
T, age 70, withdraws cash Income that cannot be outlived by the owner
from a profit-sharing plan
and purchases a Straight life
Annuity. What will this
transaction provide?
If Tom's employment is terminated, 20% of the funds would be
Tom has a qualified forfeited
retirement plan with his
employer that is currently
considered to be 80%
"vested". How can this be
interpreted?
