Exam Simulator- Florida Life and Health
State Exam Simulator Latest Exam
Questions Solved Correct Graded To
Pass.
Which of the following statements about guaranteed renewable health insurance policy is
correct? - Answer Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - Answer Buyers 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? - Answer Ten-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? - Answer Monthly
Which of the following is the most important factor when deciding how much disability income
coverage an applicant should purchase? - Answer Applicants monthly income
Which two entitles regulate variable annuities? - Answer Department of Financial Services;
Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - Answer The 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? - Answer Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum of money
through an insurance company? - Answer Annuity
According to Florida law, a group life insurance policy requires a minimum how many insureds? -
Answer No minimum
,In a qualified retirement plan, the yearly contributions to an employee's account? - Answer
Are 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? - Answer An 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? - Answer The
policyowner
On delivery of policy, a signed statement of good health is typically request if? - Answer The
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? - Answer Proceeds 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.? - Answer Full face
amount minus any past due premiums
A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - Answer Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - Answer 20
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? - Answer 36 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? -
Answer Coercion
, Which of the following employees may not be excluded from the group life plan? - Answer
Full-time employees after the probation period.
When is the face amount of a whole life policy paid? - Answer When the insured dies or at the
policies maturity date whichever happens first.
Major medical policies typically? - Answer Contain deductible and coinsurance
Which of the following provisions is not required in HMO contracts certificates? - Answer
Seven-day grace period
The health insurance program which is administrated by each state and founded by both the
federal and state government is called? - Answer Madicaid
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? - Answer 31
Upon reaching the limiting age, a handicapped child can extend their health insurance coverage
as a dependent? - Answer Only 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? - Answer Set 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? - Answer Disability income
What are adjustable rates for life policy loan in Florida based on? - Answer Moody'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 - Answer Income
Basic hospital and surgical policy benefits are? - Answer Lower than actual expenses incurred.
State Exam Simulator Latest Exam
Questions Solved Correct Graded To
Pass.
Which of the following statements about guaranteed renewable health insurance policy is
correct? - Answer Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - Answer Buyers 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? - Answer Ten-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? - Answer Monthly
Which of the following is the most important factor when deciding how much disability income
coverage an applicant should purchase? - Answer Applicants monthly income
Which two entitles regulate variable annuities? - Answer Department of Financial Services;
Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - Answer The 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? - Answer Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum of money
through an insurance company? - Answer Annuity
According to Florida law, a group life insurance policy requires a minimum how many insureds? -
Answer No minimum
,In a qualified retirement plan, the yearly contributions to an employee's account? - Answer
Are 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? - Answer An 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? - Answer The
policyowner
On delivery of policy, a signed statement of good health is typically request if? - Answer The
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? - Answer Proceeds 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.? - Answer Full face
amount minus any past due premiums
A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - Answer Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - Answer 20
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? - Answer 36 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? -
Answer Coercion
, Which of the following employees may not be excluded from the group life plan? - Answer
Full-time employees after the probation period.
When is the face amount of a whole life policy paid? - Answer When the insured dies or at the
policies maturity date whichever happens first.
Major medical policies typically? - Answer Contain deductible and coinsurance
Which of the following provisions is not required in HMO contracts certificates? - Answer
Seven-day grace period
The health insurance program which is administrated by each state and founded by both the
federal and state government is called? - Answer Madicaid
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? - Answer 31
Upon reaching the limiting age, a handicapped child can extend their health insurance coverage
as a dependent? - Answer Only 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? - Answer Set 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? - Answer Disability income
What are adjustable rates for life policy loan in Florida based on? - Answer Moody'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 - Answer Income
Basic hospital and surgical policy benefits are? - Answer Lower than actual expenses incurred.
