Exam Simulator- Florida Life and Health
State Exam Simulator
Which of the following statements about guaranteed renewable health
insurance policy is correct? correct answersPremiums normally increase at
the time of renewal.
The issuer must provide a perspective buyer with an? correct answersBuyers
guide and policy summary
T would like to be assured $10,000 is available in 10 years to replace a
roof on his house. What kind of $10,000 policy should T purchase?
correct answersTen-year Endowment
According to the time payment of claims provision, the insurer must
pay disability income benefits no less frequently then which of the
following options? correct answersMonthly
Which of the following is the most important factor when deciding how
much disability income coverage an applicant should purchase? correct
answersApplicants monthly income
Which two entitles regulate variable annuities? correct answersDepartment
of Financial Services; Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? correct
answersThe insured's total loan value
The provision that can be used to put on insurance policy back in force
after it has lapsed due to nonpayment is called? correct
answersReinstatement
Which product would best serve a retired individual looking to invest a
lump-sum of money through an insurance company? correct
answersAnnuity
According to Florida law, a group life insurance policy requires a minimum
how many insureds? correct answersNo minimum
Multiple employer welfare arrangement (MEWA) provides what type of
benefits? correct answersInsurance
In a qualified retirement plan, the yearly contributions to an employee's
account? correct answersAre restricted to maximum level set by the IRS
,All of the following entries are classified under the four principal areas
of Florida insurance law except? correct answersAn agent's
commission
According to Florida's life insurance replacement law, about policyowner
must be provided with the written comparison and summary statement
when it's required by? correct answersThe policyowner
On delivery of policy, a signed statement of good health is typically
request if? correct answersThe application was submitted without the
initial premium.
K is the insured and P is the sole beneficiary on an accidental death and
dismemberment insurance policy. Both are involved in a fatal accident
where K dies before P. Under the common disaster provision, which of
these statements is true? correct answersProceeds will be paid to P's
estate
An insured is past due on his life insurance premium but is still within the
grace period. What will the beneficiary receive if the insured dies during the
grace period.? correct answersFull face amount minus any past due
premiums
A business overhead expens policy would cover which of the following if
a business owner becomes disabled? correct answersUtilities and office
rent
Employers with less then —— employees are affected by Florida health
insurance coverage continuation act (Mini COBRA)? correct answers20
S is employer by large corporation that provides group health coverage for
its employees and their dependents. If S dies, The company must allow his
surviving spouse and dependents to continue their group health coverage
for a maximum of how many months on the cobra regulations? correct
answers36 months (under COBRA)
J is an agent who recently told a claimant that his rights might be
impaired if he does not complete a release form within a specified time.
What could this agent be found guilty of? correct answersCoercion
An employer that offers a qualified retirement plan to its employees is
eligible to? correct answersMake tax-deductible contribution to the
plan
Which of the following employees may not be excluded from the group life
plan? correct answersFull-time employees after the probation period.
When is the face amount of a whole life policy paid? correct answersWhen
the insured dies or at the policies maturity date whichever happens first.
Major medical policies typically? correct answersContain deductible and
coinsurance
, Which of the following provisions is not required in HMO contracts
certificates? correct answersSeven-day grace period
The health insurance program which is administrated by each state and
founded by both the federal and state government is called? correct
answersMadicaid
On insured pays premium on an annual basis for an individual health
insurance policy. What is the minimum number of days for the grace period
Provision? correct answers31
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent? correct answersOnly if the child is
incapable of employment and chiefly depend on the policy owner
P is producer who notice five questions on the life application where not
answer. What action would P take? correct answersSet up meeting with the
applicant to answer the remaining questions
K becomes ill after traveling overseas and is unable to work for three
months, what kind of policy would cover her loss of income? correct
answersDisability income
What are adjustable rates for life policy loan in Florida based
on? correct answersMoody's corporate bond index
When determining the monthly benefit amount for disability income policy,
the factor that limits the amount a prospective insured may purchased is
correct answersIncome
Basic hospital and surgical policy benefits are? correct answersLower
than actual expenses incurred.
In Florida which the following practitioners normally do not receive payment
from health insurance policies? correct answersNaturopath
J purchase a disability income policy that only Jay can terminate and on
which the rate will never increase above those illustrated in the policy.
Which of the following types of policies did J purchase? correct
answersNoncancelable
The provision in a group health policy that allows the insurer to postpone
coverage for a covered illness 30 days after the policy's effective date is a
reference to as the? correct answersWaiting period
Nonprofit life insurance providers that are covered by special section in
Florida insurance code are called? correct answersFraternal Life
insurance organizations
Which of the following is true if the owner of IRA names their spouse as
beneficiary, but then dies before any distributions are made? correct
answersThe account can be rolled into a surviving spouse's IRA
State Exam Simulator
Which of the following statements about guaranteed renewable health
insurance policy is correct? correct answersPremiums normally increase at
the time of renewal.
The issuer must provide a perspective buyer with an? correct answersBuyers
guide and policy summary
T would like to be assured $10,000 is available in 10 years to replace a
roof on his house. What kind of $10,000 policy should T purchase?
correct answersTen-year Endowment
According to the time payment of claims provision, the insurer must
pay disability income benefits no less frequently then which of the
following options? correct answersMonthly
Which of the following is the most important factor when deciding how
much disability income coverage an applicant should purchase? correct
answersApplicants monthly income
Which two entitles regulate variable annuities? correct answersDepartment
of Financial Services; Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? correct
answersThe insured's total loan value
The provision that can be used to put on insurance policy back in force
after it has lapsed due to nonpayment is called? correct
answersReinstatement
Which product would best serve a retired individual looking to invest a
lump-sum of money through an insurance company? correct
answersAnnuity
According to Florida law, a group life insurance policy requires a minimum
how many insureds? correct answersNo minimum
Multiple employer welfare arrangement (MEWA) provides what type of
benefits? correct answersInsurance
In a qualified retirement plan, the yearly contributions to an employee's
account? correct answersAre restricted to maximum level set by the IRS
,All of the following entries are classified under the four principal areas
of Florida insurance law except? correct answersAn agent's
commission
According to Florida's life insurance replacement law, about policyowner
must be provided with the written comparison and summary statement
when it's required by? correct answersThe policyowner
On delivery of policy, a signed statement of good health is typically
request if? correct answersThe application was submitted without the
initial premium.
K is the insured and P is the sole beneficiary on an accidental death and
dismemberment insurance policy. Both are involved in a fatal accident
where K dies before P. Under the common disaster provision, which of
these statements is true? correct answersProceeds will be paid to P's
estate
An insured is past due on his life insurance premium but is still within the
grace period. What will the beneficiary receive if the insured dies during the
grace period.? correct answersFull face amount minus any past due
premiums
A business overhead expens policy would cover which of the following if
a business owner becomes disabled? correct answersUtilities and office
rent
Employers with less then —— employees are affected by Florida health
insurance coverage continuation act (Mini COBRA)? correct answers20
S is employer by large corporation that provides group health coverage for
its employees and their dependents. If S dies, The company must allow his
surviving spouse and dependents to continue their group health coverage
for a maximum of how many months on the cobra regulations? correct
answers36 months (under COBRA)
J is an agent who recently told a claimant that his rights might be
impaired if he does not complete a release form within a specified time.
What could this agent be found guilty of? correct answersCoercion
An employer that offers a qualified retirement plan to its employees is
eligible to? correct answersMake tax-deductible contribution to the
plan
Which of the following employees may not be excluded from the group life
plan? correct answersFull-time employees after the probation period.
When is the face amount of a whole life policy paid? correct answersWhen
the insured dies or at the policies maturity date whichever happens first.
Major medical policies typically? correct answersContain deductible and
coinsurance
, Which of the following provisions is not required in HMO contracts
certificates? correct answersSeven-day grace period
The health insurance program which is administrated by each state and
founded by both the federal and state government is called? correct
answersMadicaid
On insured pays premium on an annual basis for an individual health
insurance policy. What is the minimum number of days for the grace period
Provision? correct answers31
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent? correct answersOnly if the child is
incapable of employment and chiefly depend on the policy owner
P is producer who notice five questions on the life application where not
answer. What action would P take? correct answersSet up meeting with the
applicant to answer the remaining questions
K becomes ill after traveling overseas and is unable to work for three
months, what kind of policy would cover her loss of income? correct
answersDisability income
What are adjustable rates for life policy loan in Florida based
on? correct answersMoody's corporate bond index
When determining the monthly benefit amount for disability income policy,
the factor that limits the amount a prospective insured may purchased is
correct answersIncome
Basic hospital and surgical policy benefits are? correct answersLower
than actual expenses incurred.
In Florida which the following practitioners normally do not receive payment
from health insurance policies? correct answersNaturopath
J purchase a disability income policy that only Jay can terminate and on
which the rate will never increase above those illustrated in the policy.
Which of the following types of policies did J purchase? correct
answersNoncancelable
The provision in a group health policy that allows the insurer to postpone
coverage for a covered illness 30 days after the policy's effective date is a
reference to as the? correct answersWaiting period
Nonprofit life insurance providers that are covered by special section in
Florida insurance code are called? correct answersFraternal Life
insurance organizations
Which of the following is true if the owner of IRA names their spouse as
beneficiary, but then dies before any distributions are made? correct
answersThe account can be rolled into a surviving spouse's IRA
