Florida life and hea Study guides, Study notes & Summaries

FLORIDA LIFE AND HEALTH INSURANCE EXAM 2024 VERSION 350 QUESTIONS WITH DETAILED VERIFIED ANSWERS AND RATIONALE /A+ GRADE ASSURED

Within how many days must a licensee notify the Department of Financial Services of a change in address? - 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - The amount of premium collected at this location Florida requires that an insurance agent must compl...

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

Within how many days must a licensee notify the Department of Financial Services of a change in address? - Answer-30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - Answer-An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - Answer-The amount of premium collected at this location Florida requires that an ins...

Insured - Answer-The person covered by the insurance policy. Rider - Answer-A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - Answer-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? - Answer-The Fair Credit Reporting Act. What are the three types of agent authority? - Answer-Imp...

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...

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

Florida Life and Health Insurance State Exam Review (2-15) Questions and Answers Under Florida Law, which of the following provisions is NOT required in a medicare supplement policy? - Ans: -limitation on pre-existing conditions for up to 12 months M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the...

Florida Life and Health Insurance/Answered/A+ Rated 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 auth...