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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated

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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger which type ...

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FL 2-15 final exam (health)/Answered/A+ Rated

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FL 2-15 final exam (health)/Answered/A+ Rated FL 2-15 final exam (health)/Answered/A+ Rated Which statement concerning the difference between PPOs and HMOs is INCORRECT? Both HMOs & PPOs rarely have deductibles. Which of the following statements most accurately describes a guaranteed renewable health policy? The insurance company may not refuse to renew the policy before a specified age but may increase the premium on all policies in the same class. The grace period allowed for lon...

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Fl Life, Health and Annuities Licensing 2-15 (Questions and Answers, 100% Verified)

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Fl Life, Health and Annuities Licensing 2-15 (Questions and Answers, 100% Verified) Fl Life, Health and Annuities Licensing 2-15 (Questions and Answers, 100% Verified) 3 ways insurance contracts are different than other legally binding documents Number one. They are aleatory. Meaning the insured pays a premium but may not receive anything back. Number 2. They are contracts of adhesion meaning the contract was prepared by one party. number 3. They are unilateral meaning only the insuran...

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Florida Insurance Exam (2-15) Questions and answers, Graded A, Updated 2023/2024

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Florida Insurance Exam (2-15) Questions and answers, Graded A, Updated 2023/2024 Florida Insurance Exam (2-15) Questions and answers, Graded A, Updated 2023/2024 A Supplementary Medical Expense policy combines the benefits of what two types of plans? Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? Benefits are p...

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Florida 2-15 Final Exam Questions and Answers A+ Rated

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Florida 2-15 Final Exam Questions and Answers A+ Rated 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company a 2. With regard to life insurance, all of the following statements are correct EXCEPT a. all individuals are considered to have insurable interests in themselves b. spouses are automatically considered to have insurable ...

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Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024

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Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company a 2. With regard to...

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Florida 2-15 exam Questions And Answers (A+ Rated)

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Florida 2-15 exam Questions And Answers Florida 2-15 exam Questions And Answers In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. general buyer's guide; policy summary The Incontestable ...

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Florida 2-15 Final Exam - Complete Solutions

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Florida 2-15 Final Exam Florida 2-15 Final Exam When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to Prevent overinsurance Which of the following statements is NOT true regarding health insurance policy provisions? All additional provisions written by insurers are cataloged by their respective states. The policyowner has a...

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