200 Question Exam Simulator: Florida Life and
Health
What is the purpose of the Insurance Guaranty Fund Association? - correct answer Protects
policyowners against insolvent insurance companies
Florida requires that coverage for newborns begins "from the moment of birth" and continues
for - correct answer 18 months
In Florida, monthly-premium health insurance policies must provide a grace period of at least -
correct answer 10 days
An applicant who pays the initial premium at the time of application is typically given a(n) -
correct answer conditional receipt
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim? - correct answer The proceeds would be reduced based on whatever the premium would
have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT receive payment from health
insurance policies? - correct answer Naturopaths
Which entity approves the insurance policy forms used in Florida? - correct answer Office of
Insurance Regulation (OIR)
What are adjustable rates for life policy loans in Florida based on? - correct answer Moody's
corporate bond index
When replacing or exchanging an annuity, the agent must disclose to the annuitant - correct
answer the possible tax ramifications as a result of the transaction
,200 Question Exam Simulator: Florida Life and
Health
Which of the following documents must an agent submit to the replacing insurance company
during the replacement of an existing life insurance policy? - correct answer Notice to existing
and replacing insurers of intention to replace
The free-look period for all qualified Long-term care policies sold in Florida is __ days. - correct
answer 30
Which of the following is a standard provision of the conversion privileges in a Group Life
policy? - correct answer Group Life coverage can be converted to an individual policy at regular
rates on an attained-age basis
The waiting period for a pre-existing condition under a Medicare Supplement policy may NOT
go beyond - correct answer 6 months
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - correct answer Monthly
Which of the following is considered an accurate statement of an unfair trade practice? - correct
answer Twisting involves an agent using misrepresentation to convince a policyowner to cancel
their current policy so that they can purchase a new life insurance policy with another company
Under Florida law, which of the following provisions is NOT required in a Medicare Supplement
policy? - correct answer Limitation on pre-existing conditions for up to 12 months
Convincing a prospective insured to buy an insurance policy based on exaggerations is called -
correct answer misrepresentation
, 200 Question Exam Simulator: Florida Life and
Health
Which of the following is NOT an unfair claim settlement practice? - correct answer Needing
written documentation of claim details
During the course of an insurance transaction, if an agent makes a false or incomplete
statement, he/she could be found guilty of - correct answer misrepresentation
When is a Group Health policy required to provide coverage for a newborn child? - correct
answer At the moment of birth
Which of the following is NOT required in the Outline of Coverage for a health insurance policy -
correct answer Projection of the policy's future costs
Which of the following is NOT considered rebating? - correct answer Sharing commissions with
an agent licensed in the same line of business
Which of the following MUST be included in a Medicare Supplement policy's Outline of
Coverage? - correct answer The policy's limitations and exceptions
Which of the following provisions is NOT required in HMO contracts/certificates? - correct
answer Seven-day grace period
Which of the following types of insureds are life insurance companies allowed to make policy
rate discriminations against? - correct answer People that smoke
In Florida, agents are allowed to engage in rebating if - correct answer offered to all insureds in
the same actuarial class
Health
What is the purpose of the Insurance Guaranty Fund Association? - correct answer Protects
policyowners against insolvent insurance companies
Florida requires that coverage for newborns begins "from the moment of birth" and continues
for - correct answer 18 months
In Florida, monthly-premium health insurance policies must provide a grace period of at least -
correct answer 10 days
An applicant who pays the initial premium at the time of application is typically given a(n) -
correct answer conditional receipt
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim? - correct answer The proceeds would be reduced based on whatever the premium would
have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT receive payment from health
insurance policies? - correct answer Naturopaths
Which entity approves the insurance policy forms used in Florida? - correct answer Office of
Insurance Regulation (OIR)
What are adjustable rates for life policy loans in Florida based on? - correct answer Moody's
corporate bond index
When replacing or exchanging an annuity, the agent must disclose to the annuitant - correct
answer the possible tax ramifications as a result of the transaction
,200 Question Exam Simulator: Florida Life and
Health
Which of the following documents must an agent submit to the replacing insurance company
during the replacement of an existing life insurance policy? - correct answer Notice to existing
and replacing insurers of intention to replace
The free-look period for all qualified Long-term care policies sold in Florida is __ days. - correct
answer 30
Which of the following is a standard provision of the conversion privileges in a Group Life
policy? - correct answer Group Life coverage can be converted to an individual policy at regular
rates on an attained-age basis
The waiting period for a pre-existing condition under a Medicare Supplement policy may NOT
go beyond - correct answer 6 months
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - correct answer Monthly
Which of the following is considered an accurate statement of an unfair trade practice? - correct
answer Twisting involves an agent using misrepresentation to convince a policyowner to cancel
their current policy so that they can purchase a new life insurance policy with another company
Under Florida law, which of the following provisions is NOT required in a Medicare Supplement
policy? - correct answer Limitation on pre-existing conditions for up to 12 months
Convincing a prospective insured to buy an insurance policy based on exaggerations is called -
correct answer misrepresentation
, 200 Question Exam Simulator: Florida Life and
Health
Which of the following is NOT an unfair claim settlement practice? - correct answer Needing
written documentation of claim details
During the course of an insurance transaction, if an agent makes a false or incomplete
statement, he/she could be found guilty of - correct answer misrepresentation
When is a Group Health policy required to provide coverage for a newborn child? - correct
answer At the moment of birth
Which of the following is NOT required in the Outline of Coverage for a health insurance policy -
correct answer Projection of the policy's future costs
Which of the following is NOT considered rebating? - correct answer Sharing commissions with
an agent licensed in the same line of business
Which of the following MUST be included in a Medicare Supplement policy's Outline of
Coverage? - correct answer The policy's limitations and exceptions
Which of the following provisions is NOT required in HMO contracts/certificates? - correct
answer Seven-day grace period
Which of the following types of insureds are life insurance companies allowed to make policy
rate discriminations against? - correct answer People that smoke
In Florida, agents are allowed to engage in rebating if - correct answer offered to all insureds in
the same actuarial class
