Chapter exam - florida laws and rules Questions And Actual Answers 2024

According to Florida law, an additional notice must be issued after the standard grace period has expired for policyowners age - correct answer 64 The waiting period for a pre-existing condition under a Medicare Supplement policy may NOT go beyond - correct answer 6 months Which of the following employer tasks does a Professional Employer Organization normally handle? - correct answer Administration tasks Which of the following is an example of an Unfair Trade Practice? - correct answer coercion Which two entities regulate variable annuities? - correct answer Department of Financial Services; and Securities Exchange Commission Which of the following is NOT required in the Outline of Coverage for a health insurance policy? - correct answer Projection of the policy's future costs Which action could result in a hearing being ordered by the Department of Financial Services? - correct answer Performing insurance transactions without a license All of these are a prerequisite for becoming a licensed agent EXCEPT - correct answer to graduate from high school 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? - correct answer The proceeds would be reduced based on whatever the premium would have been if purchased at age 59