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Prepare smarter, not harder with this Complete Florida Life and Health Insurance Q&A Package – your ultimate tool for mastering the state licensing exam!

Final Exam Questions and Correct Answers - Florida Life and Health Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? Misrepresentation Who owns a stock company? A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? Coercion Which of these options can an individual use their medical flexible spending account to pay for? Prescription dr...

Florida Health and Life Insurance Exam Questions and Correct Answers According to 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 G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at age 50, how long would G's family receive an income? 10 years E and F are business partners. Each takes out a ...

Florida Life & Health Online Course (PV) Comprehensive Test Questions and Correct Answers A premium is paid at the time of application and a conditional receipt is issued. If the policy is issued as applied for, and assuming a medical exam has already been completed, coverage becomes effective: A-At the date of application B-Upon policy delivery C-After the free look expires D-At the time the policy is issued D-At the time the policy is issued The primary purpose of licensing to protec...

Florida Life, Health and Variable Annuity Exam Review Questions and Correct Answers 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 BURIA...

Florida Health 240 Insurance Study Set with Questions and Correct Answers Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. ...

Health Insurance Florida 2-40 Practice Exam Questions 2 and Correct Answers Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc.) All of th...

Florida Health, Life & Annuity End of Course Exam 3 Test Questions and Correct Answers How frequently must domestic insurers be examined by the Office of Insurance Regulation? Select one: a. Annually b. At least once every other year c. At least once every 5 years d. Upon the Office's discretion Domestic insurers must be examined by the Office of Insurance Regulation at least once every 5 years. The correct answer is: At least once every 5 years In Florida, what is the minimum...

Life, Health, & Annuity 2-15 Exam Questions and Verified Answers Replacing a life insurance policy When replacing a life insurance policy an insurance producer must submit a notice to both the applicant and the insurance producers own company regarding the replacement All must appear on all applications Agents name & signature, the name of the company and the agents license number disability benefits Can be delayed up to 90 days depending on the policy Transaction insurance Includes ...

Health Insurance Florida 2-40 Practice Exam Questions 1 and Complete Solutions Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Group hea...