Florida life Study guides, Class notes & Summaries

Florida Life Health And Annuities 2-15 Questions And Answers | 2024 Updated Quiz 100% Correct Tests

Final Exam - Florida Life and Health Questions and Answers Rated A 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 dr...

Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer- Misrepresentation Who owns a stock company? - Answer- A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Answer- Coercion Which of these options can an individual use their medical flexible spending account to pay for? - Answer- Prescription drugs are an allowable e...

Accumulation units are converted into annuity units: - Answer- at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Answer- noncontributory If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. - Answer- FALSE Robert had an accident and qualified for Social Security...

Florida Life Insurance Questions and Answers Already Passed the receipt given to a life insurance applicant when the application is completed and the initial premium is recieved is called an Insurable Receipt Conditional receipt unconditional receipt ensuring receipt conditional receipt Statements in the app that are believed to be true warranties representations waivers ambiguties warranties All of the following apply to the waiver of premium EXCEPT the premium is waived only if the i...

2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!

Florida Life and Health Insurance/Answered/A+ Rated Insured The person covered by the insurance policy. Rider A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act. What are the three types of agent auth...

Categories of Life Insurance - Answer-Ordinary, Industrial and Group Ordinary Life - Answer-is individual life insurance that includes many types of TERM and PERMANENT insurance and is usually paid with monthly premiums. Is the principal type of life insurance purchased in the United States. Industrial Insurance - Answer-small issue amounts with premiums collected weekly or monthly by agents at policyowner's home. Also known as BURIAL INSURANCE Group Insurance - Answer-written for empl...

FLORIDA LIFE, HEALTH AND VARIABLE ANNUITY EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...