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Florida Health and Life Insurance Exam
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Florida Life and Health Insurance Florida Life and Health Insurance Ex... PcM 1 - Business Operations, Risk, Fi... Person
228 terms Teacher 104 terms 61 terms 8 terms
ng00541 Preview BENJAMIN9MT Preview CoSprink Preview Stu
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A policy that becomes a Modified Endowment Contract (MEC):
Choose matching definition
1 will lose many of its tax advantages 2 will become a term policy
will become a whole life policy
3 will have lower premiums 4
automatically
Don't know?
Terms in this set (149)
According to Mandatory Uniform Policy 31 days
Provisions, what is the maximum amount of
time after the premium due date during
which the policy remains in force even
though the premium has not been paid?
, G purchased a Family Income policy at age 10 years
40. The policy has a 20-year rider period. If
G were to die at age 50, how long would
G's family receive an income?
E and F are business partners. Each takes F
out a $500,000 life insurance policy on the
other, naming himself as primary
beneficiary. E and F eventually terminate
their business, and four months later E dies.
Although E was married with three children
at the time of death, the primary
beneficiary is still F. However, an insurable
interest no longer exists. Where will the
proceeds from E's life insurance policy be
directed to?
The Health Insurance Portability and health information
Accountability Act (HIPAA) gives privacy
protection for:
What do Dread Disease policies cover? A specific disease or illness
When an insurance application is taken by a Any changes made on the application require the applicant's initials
producer, which of these statements is
true?
A student pilot can pay regular premium Aviation exclusion
costs for her life insurance policy with the
addition of which of the following?
What is the consideration given by an Promise to pay a death benefit to a named beneficiary
insurer in the Consideration clause of a life
policy?
Which of the following reimburses its Commercial insurers
insureds for covered medical expenses?
Under Florida law, which of the following Limitation on pre-existing conditions for up to 12 months
provisions is NOT required in a Medicare
Supplement policy?
Which organization was established to Florida Life and Health Insurance Guaranty Association
provide funds to protect an insured in the
event of an insurer's insolvency?
Major Medical policies typically: contain a deductible and coinsurance
The Life and Health Insurance Guaranty funded by admitted insurance companies through assessments
Association is
P and Q are married and have three P only
children. P is the primary beneficiary on Q's
Accidental Death and Dismemberment
(AD&D) policy and Q's sister R is the
contingent beneficiary. P, Q, and R are
involved in a car accident and Q and R are
killed instantly. The Accidental Death
benefits will be paid to:
Florida Health and Life Insurance Exam
7 studiers in 3 days 4.8 (12 reviews)
Save
Students also studied
Flashcard sets Study guides Practice tests
Florida Life and Health Insurance Florida Life and Health Insurance Ex... PcM 1 - Business Operations, Risk, Fi... Person
228 terms Teacher 104 terms 61 terms 8 terms
ng00541 Preview BENJAMIN9MT Preview CoSprink Preview Stu
Warm up with practice questions
Learn 1 /7 Study with Learn
A policy that becomes a Modified Endowment Contract (MEC):
Choose matching definition
1 will lose many of its tax advantages 2 will become a term policy
will become a whole life policy
3 will have lower premiums 4
automatically
Don't know?
Terms in this set (149)
According to Mandatory Uniform Policy 31 days
Provisions, what is the maximum amount of
time after the premium due date during
which the policy remains in force even
though the premium has not been paid?
, G purchased a Family Income policy at age 10 years
40. The policy has a 20-year rider period. If
G were to die at age 50, how long would
G's family receive an income?
E and F are business partners. Each takes F
out a $500,000 life insurance policy on the
other, naming himself as primary
beneficiary. E and F eventually terminate
their business, and four months later E dies.
Although E was married with three children
at the time of death, the primary
beneficiary is still F. However, an insurable
interest no longer exists. Where will the
proceeds from E's life insurance policy be
directed to?
The Health Insurance Portability and health information
Accountability Act (HIPAA) gives privacy
protection for:
What do Dread Disease policies cover? A specific disease or illness
When an insurance application is taken by a Any changes made on the application require the applicant's initials
producer, which of these statements is
true?
A student pilot can pay regular premium Aviation exclusion
costs for her life insurance policy with the
addition of which of the following?
What is the consideration given by an Promise to pay a death benefit to a named beneficiary
insurer in the Consideration clause of a life
policy?
Which of the following reimburses its Commercial insurers
insureds for covered medical expenses?
Under Florida law, which of the following Limitation on pre-existing conditions for up to 12 months
provisions is NOT required in a Medicare
Supplement policy?
Which organization was established to Florida Life and Health Insurance Guaranty Association
provide funds to protect an insured in the
event of an insurer's insolvency?
Major Medical policies typically: contain a deductible and coinsurance
The Life and Health Insurance Guaranty funded by admitted insurance companies through assessments
Association is
P and Q are married and have three P only
children. P is the primary beneficiary on Q's
Accidental Death and Dismemberment
(AD&D) policy and Q's sister R is the
contingent beneficiary. P, Q, and R are
involved in a car accident and Q and R are
killed instantly. The Accidental Death
benefits will be paid to:
