Chapter 8 (Health) Study Questions with Correct Answers 100% Verified

Chapter 8 (Health) Study Questions with Correct Answers 100% Verified The Bureau of Unclaimed Property is overseen by the - Correct Answer Chief Financial Officer The Life and Health Insurance Guaranty Association is - Correct Answer funded by admitted insurance companies through assessments Which action could result in a hearing being ordered by the Department of Financial Services? - Correct Answer Performing insurance transactions without a license Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent - Correct Answer only if the child is incapable of employment and chiefly dependent on the policyowner Which of the following is an example of an Unfair Trade Practice? - Correct Answer Coercion An example of rebating would be - Correct Answer offering a client something of value not stated in the contract in exchange for their business An example of an unfair claims practice would be - Correct Answer failing to effectuate prompt, fair, and equitable settlements of a claim Which type of insurance company allows their policyowners to elect a governing body? - Correct Answer Mutual Which of the following is considered to be misrepresentation? - Correct Answer An agent guaranteeing a policy's dividends An example of false advertising would be - Correct Answer An insurer exaggerating its dividends in a magazine advertisement Convincing a prospective insured to buy an insurance policy based on exaggerations is called - Correct Answer misrepresentation How can an agent-in-charge have more than one location? - Correct Answer Only if the agent-in-charge is present when insurance activity occurs In Florida, an insurer domiciled and incorporated in this state is called a(n) - Correct Answer domestic company Agents that have been licensed for less than six years must complete __ hours of continuing education every two years. - Correct Answer 24