Florida life Study guides, Class notes & Summaries

FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED VERIFID BY EXPERTS

Florida Health and Life Insurance Exam (2023 2-15 Final Exam) Questions With Complete Solutions.

Florida Life and Health Insurance Latest Update Graded A+ Insured The person covered by the insurance policy. Rider A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act. What are the three types of agent authority...

Florida Life, Health and Variable Annuity Exam Latest Update Graded A Categories of Life Insurance Ordinary, Industrial and Group Ordinary Life is individual life insurance that includes many types of TERM and PERMANENT insurance and is usually paid with monthly premiums. Is the principal type of life insurance purchased in the United States. Industrial Insurance small issue amounts with premiums collected weekly or monthly by agents at policyowner's home. Also known as BURIAL INSURANCE Grou...

What is considered to be a characteristic of an immediate annuity Benefit payments start within one payment period of purchase Which of these characteristics is consistent with a straight life policy Premiums are payable for as long as there is insurance coverage in force An insureds inability to perform two or more activities of daily living may trigger which type of life policy rider Long term care B recently died and was insured with a life insurance policy for over five years. Du...

Florida Life Insurance Latest 2024 Already Passed Mutual Insurance Companies organized and incorporated under state laws. No stockholders. Mutual companies Participating, they pay dividends. Stock company Owns Stock. Nonparticipating (no dividends) Risk Retention Group Mutual company formed to insure ppl in the same business, occupation, profession (pharmacists, dentists, engineers) Fraternal Benefit Societies Non profit organization, lodge system that includes ritualistic work, and maintain...

OECD - Purpose Specification Answer The purposes for which personal data are collected should be specified not later than at the time of collection and the subsequent use limited to the fulfilment of those purposes as specified o each occasion of change of purpose. What is the fundamental basis of the relationship between employer and employee in the U.S. Answer Contract Law Information Life Cycle Phases Answer 1. Collect/Derive 2. Use/Process 3. Disclose/Transfer 4. Store/Retain/Arc...

CNPR Exam Prep Questions With Answers Pharmaceuticals are arguably the most socially important healthcare product - ANS True Pharmaceuticals is a high risk under-taking, in which many promising leads prove disappointing - ANS True Pharmaceutical sales are highest in which geographical regions? - ANS The US, Western Europe and Japan What has fueled recent growth in the pharmaceutical industry? - ANS Population growth and increased life expectancy The US accounts for about ...

Exam Simulator: Florida Life and Health State Exam Latest Update Graded A A nonforfeiture clause gives the policy owner guaranteed values even if the policy has lapsed P loses an arm is a farm accident and is paid $10k from his Accidental Death and Dismemberment policy. This benefit is known as the Capital Sum P, age 50, purchased an annuity that P will fund with $500/ month for 15 years. The annuity will then pay P retirement payments after the 15 years. Which type of annuity did P purchase? ...

Florida Life And Health Insurance Practice Questions And Answers With Verified Study Solutions