Final Exam Questions and Correct Answers - Florida Life and Health

Final Exam Questions and Correct Answers - Florida Life and Health Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? Misrepresentation Who owns a stock company? A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? Coercion Which of these options can an individual use their medical flexible spending account to pay for? Prescription drugs are an allowable expense when paid for by a medical flexible spending account. Which of the following features of a group Term Life policy enables an individual to leave the group and continue his or her insurance without providing evidence of insurability? The conversion privilege allows an individual to leave the group term plan and continue his or her insurance without providing evidence of insurability.