Florida Laws and Rules Pertinent to Insurance Ch. 8

Florida Laws and Rules Pertinent to Insurance Ch. 8 100% S olved Questions And Answers How xxmany xxhours xxof xxcontinuing xxeducation xxmust xxa xxnewly xxlicensed xxagent xxcomplete xxevery xxtwo xxyears xx- xx24 A xxvariable xxlife xxinsurance xxagent xxmust xxbe xxlicensed xxand xxappointed xxas xxa xxlife xxand xxvariable xxcontract xxagent, xxas xxwell xxas xxa(n) xx- xxbroker xxdealer Which xxof xxthe xxfollowing xxdocuments xxmust xxan xxagent xxsubmit xxto xxthe xxreplacing xxinsurance xxcompany xxduring xxthe xxreplacement xxof xxan xxexisting xxlife xxinsurance xxpolicy? xx- xxNotice xxto xxexisting xxand xxreplacing xxinsurers xxof xxintention xxto xxreplace Which xxof xxthe xxfollowing xxis xxconsidered xxto xxbe xxmisrepresentation? xx- xxAn xxagent xxguaranteeing xxa xxpolicy's xxdividends Florida's xx14-day xxfree-look xxperiod xxfor xxlife xxinsurance xxpolicies xxbegins xxat xxthe xx- xxdate xxof xxdelivery The xxBureau xxof xxUnclaimed xxProperty xxis xxoverseen xxby xxthe xx- xxChief xxFinancial xxOfficer W xxgave xxW's xxage xxas xx50 xxwhen xxW xxpurchased xxa xxLife xxpolicy. xxAt xxthe xxtime xxof xxW's xxdeath xxseven xxyears xxlater, xxthe xxcompany xxdiscovered xxW's xxtrue xxage xxat xxissue xxhad xxbeen xx59. xxWhat xxwould xxthe xxnormal xxprocedure xxbe xxunder xxthe xxmisstatement xxof xxage xxprovision xxin xxregard xxto xxthe xxpayment xxof xxthe xxdeath xxclaim? xx- xxThe xxproceeds xxwould xxbe xxreduced xxbased xxon xxwhatever xxthe xxpremium xxwould xxhave xxbeen xxif xxpurchased xxat xxage xx59 An xxagent's xxlicense xxcan xxbe xxsuspended xxor xxrevoked xxby xx- xxwriting xxprimarily xxcontrolled xxbusiness An xxexample xxof xxan xxunfair xxclaims xxpractice xxwould xxbe xx- xxfailing xxto xxeffectuate xxprompt, xxfair xxand xxequitable xxsettlements xxof xxa xxclaim Florida xxrequires xxthat xxcoverage xxfor xxnewborns xxbegins xx"from xxthe xxmoment xxof xxbirth" xxand xxcontinues xxfor xx- xx18 xxmonths In xxFlorida, xxwhen xxagents xxrecommend xxchanges xxbe xxmade xxfor xxexisting xxcoverage, xxthe xxagent xxmust xxfollow xxestablished xxprocedures. xxThe xxname xxof xxthis xxrule xxis xxcalled xxthe xx- xxFlorida xxReplacement xxRule An xxapplicant xxwho xxpays xxthe xxinitial xxpremium xxat xxthe xxtime xxof xxapplication xxis xxtypically xxgiven xxa(n) xx- xxconditional xxreceipt How xxcan xxan xxagent -in-charge xxhave xxmore xxthan xxone xxlocation? xx- xxOnly xxif xxthe xxagent -in-charge xxis xxpresent xxwhen xxinsurance xxactivity xxoccurs The xxFlorida xxEmployee xxHealth xxCare xxAccess xxAct xxwas xxestablished xxto xxmake xx- xxgroup xxhealth xxinsurance xxavailable xxto xxemployers xxwith xxup xxto xx50 xxemployees In xxFlorida, xxan xxinsurer xxlicensed xxto xxconduct xxbusiness xxin xxFlorida, xxbut xxdomiciled xxin xxNew xxJersey, xxis xxcalled xxa(n) xx- xxforeign xxcompany Which xxof xxthe xxfollowing xxsituations xxdoes xxNOT xxapply xxto xxthe xxFlorida xxReplacement xxRule? xx- xxAn xxexisting xxpolicyholder xxpurchases xxan xxadditional xxpolicy xxfrom xxthe xxsame xxinsurer Which xxof xxthe xxfollowing xxis xxconsidered xxan xxaccurate xxstatement xxof xxan xxunfair xxtrade xxpractice? xx- xxTwisting xxinvolves xxan xxagent xxusing xxmisrepresentation xxto xxconvince xxa xxpolicy xxowner xxto xxcancel xxtheir xxcurrent xxpolicy xxso xxthat xxthey xxcan xxpurchase xxa xxnew xxlife xxinsurance xxpolicy xxwith xxanother xxcompany The xxact xxof xxan xxinsurance xxcompany xxpublishing xxmisleading xxinformation xxabout xxits xxpolicy's xxprovisions xxis xxcalled xx- xxfalse xxadvertising Within xxhow xxmany xxdays xxafter xxpolicy xxdelivery xxcan xxa xxMedicare xxSupplement xxpolicy xxbe xxreturned xxfor xxa xx100% xxpremium xxrefund? xx- xx30 A xxperson xxinsured xxunder xxa xxhealth xxpolicy xxis xxrequired xxto xxgive xxthe xxinsurance xxcompany xxa xxNotice xxof xxClaim xxwithin xxhow xxmany xxdays xxafter xxa xxcovered xxloss? xx- xxTwenty