FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
FL Life and Health Insurance 2-15 Study Exam
(165 questions) With 100% Verified Answers
N is covered by a Term Life policy and does not make the required premium payment which was due
August 1. N dies September 15. What action will the insurer take? - ✔-Claim will be denied.
A contract where one party either accepts or rejects the terms of a contract written by another party is
called a contract of - ✔-adhesion
All of the following statements about Major Medical benefits are true, EXCEPT: - ✔-Benefits have no
maximum limit
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? - ✔-The proceeds would
be reduced based on whatever the premium would have been if purchased at age 59.
All of these are considered sources of underwriting information about an applicant, EXCEPT: - ✔-
Inspection Report
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of time after the
premium due date during which the policy remains in force even though the premium has not been
paid? - ✔-31 days
Which provision allows the policy owner to change a term life policy to a permanent one without
providing proof of good health? - ✔-Conversion
What do families pay that are covered by the Florida Healthy Kids Corporation? - ✔-A portion of the
premium
Which statement regarding third-party ownership of a life insurance policy is true? - ✔-It is used
extensively in estate planning as well as business circumstances.
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
,FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
Which of the following employees may NOT be excluded from a group life plan? - ✔-Full-time
employees after the probationary period.
Which of the following statements BEST describes what the Legal Actions provision of an Accident and
Health policy requires? - ✔-An insured must wait at least 60 days after Proof of Loss has been
submitted before a lawsuit can be filed.
What percentage of eligible persons must a policy cover in a noncontributory group? - ✔-100%
What are adjustable rates for life policy loans in Florida based on? - ✔-Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n): - ✔-exclusion for the medical condition
What is the initial requirement for an insured to become eligible for benefits under the Waiver of
Premium provision? - ✔-Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for losses occurring as the result of his
employment. What kind of coverage is this? - ✔-Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be a(n) - ✔-certificate holder
According to Florida law, which of the following information does NOT need to be obtained by an agent
recommending an annuity purchase? - ✔-Marital status
Dividends paid from a life insurance policy are - ✔-taxable
S takes out a health insurance policy which contains a provision that states the agent does not have the
authority to change the policy or waive any of its provisions. Which health policy provision is this? - ✔-
Entire Contract
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
, FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
Which policy requires an agent to register with the National Association of Securities Dealers (NASD)
before selling? - ✔-Variable Life
Defamation occurs when an agent makes a false statement intended to - ✔-malign another insurer
J owns a business and has a Group Life policy covering her employees. J decides to cancel the policy by
letting it lapse on the renewal date. What action must be taken? - ✔-All of the employees must be
notified of the cancellation either by the insurance company or through J.
Which of the following is NOT required in the Outline of Coverage for a health insurance policy? - ✔-
Projection of the policy's future costs.
What type of life policy covers two people and pays upon the death of the last insured? - ✔-
Survivorship
Which of the following acts is an agent NOT authorized to do on behalf of an insurer? - ✔-Authorize
claim payments
One becomes eligible for Social Security disability benefits after having been disabled for - ✔-5 months
Traditional individual retirement annuity (IRA) distributions must start by - ✔-April 1st of the year
following the year the participant attains age 70 ½.
An agent selling Medicare Supplement policies must provide every applicant with a(n): - ✔-Suitability
form
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and
Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in
a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to - ✔-P only.
Which health policy clause stipulates that an insurance company must attach a copy of the application
to the policy to ensure that it is part of the contract? - ✔-Entire Contract
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
FL Life and Health Insurance 2-15 Study Exam
(165 questions) With 100% Verified Answers
N is covered by a Term Life policy and does not make the required premium payment which was due
August 1. N dies September 15. What action will the insurer take? - ✔-Claim will be denied.
A contract where one party either accepts or rejects the terms of a contract written by another party is
called a contract of - ✔-adhesion
All of the following statements about Major Medical benefits are true, EXCEPT: - ✔-Benefits have no
maximum limit
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? - ✔-The proceeds would
be reduced based on whatever the premium would have been if purchased at age 59.
All of these are considered sources of underwriting information about an applicant, EXCEPT: - ✔-
Inspection Report
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of time after the
premium due date during which the policy remains in force even though the premium has not been
paid? - ✔-31 days
Which provision allows the policy owner to change a term life policy to a permanent one without
providing proof of good health? - ✔-Conversion
What do families pay that are covered by the Florida Healthy Kids Corporation? - ✔-A portion of the
premium
Which statement regarding third-party ownership of a life insurance policy is true? - ✔-It is used
extensively in estate planning as well as business circumstances.
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
,FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
Which of the following employees may NOT be excluded from a group life plan? - ✔-Full-time
employees after the probationary period.
Which of the following statements BEST describes what the Legal Actions provision of an Accident and
Health policy requires? - ✔-An insured must wait at least 60 days after Proof of Loss has been
submitted before a lawsuit can be filed.
What percentage of eligible persons must a policy cover in a noncontributory group? - ✔-100%
What are adjustable rates for life policy loans in Florida based on? - ✔-Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n): - ✔-exclusion for the medical condition
What is the initial requirement for an insured to become eligible for benefits under the Waiver of
Premium provision? - ✔-Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for losses occurring as the result of his
employment. What kind of coverage is this? - ✔-Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be a(n) - ✔-certificate holder
According to Florida law, which of the following information does NOT need to be obtained by an agent
recommending an annuity purchase? - ✔-Marital status
Dividends paid from a life insurance policy are - ✔-taxable
S takes out a health insurance policy which contains a provision that states the agent does not have the
authority to change the policy or waive any of its provisions. Which health policy provision is this? - ✔-
Entire Contract
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
, FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
Which policy requires an agent to register with the National Association of Securities Dealers (NASD)
before selling? - ✔-Variable Life
Defamation occurs when an agent makes a false statement intended to - ✔-malign another insurer
J owns a business and has a Group Life policy covering her employees. J decides to cancel the policy by
letting it lapse on the renewal date. What action must be taken? - ✔-All of the employees must be
notified of the cancellation either by the insurance company or through J.
Which of the following is NOT required in the Outline of Coverage for a health insurance policy? - ✔-
Projection of the policy's future costs.
What type of life policy covers two people and pays upon the death of the last insured? - ✔-
Survivorship
Which of the following acts is an agent NOT authorized to do on behalf of an insurer? - ✔-Authorize
claim payments
One becomes eligible for Social Security disability benefits after having been disabled for - ✔-5 months
Traditional individual retirement annuity (IRA) distributions must start by - ✔-April 1st of the year
following the year the participant attains age 70 ½.
An agent selling Medicare Supplement policies must provide every applicant with a(n): - ✔-Suitability
form
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and
Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in
a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to - ✔-P only.
Which health policy clause stipulates that an insurance company must attach a copy of the application
to the policy to ensure that it is part of the contract? - ✔-Entire Contract
FL Life and Health Insurance 2-15 Study Exam (165 questions) With 100% Verified Answers
