Florida Insurance Exam 100%correct
answers
The clause identifying which losses resulting from an accident or sickness are
insured by the policy is called the: - Insuring clause
K applies for a life insurance policy on herself and submits the initial premium
with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was used?
- Conditional
A life insurance arrangement which circumvents insurable interest statutes is
called: - Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT
have the authority to change the policy or waive any of its provisions? - Entire
Contract
Within how many days after policy delivery can a Medicare Supplement policy be
returned for a 100% premium refund? - 30
Which of the following is NOT an unfair claim settlement practice? - Needing
written documentation of claim details
,Florida Insurance Exam 100%correct
answers
Who is NOT required to sign a life insurance application? - Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable
to perform: - any occupation
The type of annuity that can be purchased with one monetary deposit is called
a(n): - Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - beneficiary
Which of the following is considered an accurate statement of an unfair trade
practice? - Twisting involves an agent using misrepresentation to convince a
policyowner to cancel their current policy so that they can purchase a new life
insurance policy with another company
The Accelerated Death Benefit provision in a life insurance policy is also known as
a(n): - Living Benefit
, Florida Insurance Exam 100%correct
answers
Which of the following policy features allows an insured to defer current health
charges to the following year's deductible instead of the current year's
deducitble? - Carryover provision
Insurance policies are considered aleatory contracts because - performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial
Services of a change in address? - 30
Which organization was established to provide funds to protect an insured in the
event of an insurer's insolvency? - Florida Life and Health Insurance Guaranty
Association
The clause in an Accident and Health policy which defines the benefit amounts
the insurer will pay is called the: - Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early
years, this may be considered a red flag for a(n): - Anti-Money Laundering
violation
answers
The clause identifying which losses resulting from an accident or sickness are
insured by the policy is called the: - Insuring clause
K applies for a life insurance policy on herself and submits the initial premium
with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was used?
- Conditional
A life insurance arrangement which circumvents insurable interest statutes is
called: - Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT
have the authority to change the policy or waive any of its provisions? - Entire
Contract
Within how many days after policy delivery can a Medicare Supplement policy be
returned for a 100% premium refund? - 30
Which of the following is NOT an unfair claim settlement practice? - Needing
written documentation of claim details
,Florida Insurance Exam 100%correct
answers
Who is NOT required to sign a life insurance application? - Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable
to perform: - any occupation
The type of annuity that can be purchased with one monetary deposit is called
a(n): - Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - beneficiary
Which of the following is considered an accurate statement of an unfair trade
practice? - Twisting involves an agent using misrepresentation to convince a
policyowner to cancel their current policy so that they can purchase a new life
insurance policy with another company
The Accelerated Death Benefit provision in a life insurance policy is also known as
a(n): - Living Benefit
, Florida Insurance Exam 100%correct
answers
Which of the following policy features allows an insured to defer current health
charges to the following year's deductible instead of the current year's
deducitble? - Carryover provision
Insurance policies are considered aleatory contracts because - performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial
Services of a change in address? - 30
Which organization was established to provide funds to protect an insured in the
event of an insurer's insolvency? - Florida Life and Health Insurance Guaranty
Association
The clause in an Accident and Health policy which defines the benefit amounts
the insurer will pay is called the: - Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early
years, this may be considered a red flag for a(n): - Anti-Money Laundering
violation
