Package deal for 214 FLORIDA HEALTH AND LIFE INSURANCE STATE PRACTICE ACTUAL EXAM WITH VERIFIED ANSWERS

Which of the following describes a participating insurance policy? - CORRECT ANSWER-Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - CORRECT ANSWER-Upon completion of the a...

FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES) Insurance - CORRECT ANSWER-Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Li...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insuranc...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - CORRECT ANSWER-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...

S buys $100,000 whole life policy in 2003 and pays an annual premium of $100. S dies five years later in 2008 and the insured pays the beneficiary $10,500. What kind of writer did S include on the policy? - CORRECT ANSWER-A Return of permium rider All of these statements about the Waiver of Pre...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-...

Which Accident and Health policy provision addresses preexisting conditions? - CORRECT ANSWER-Time Limit on Certain Defenses Which of the following individual health insurance policies will provide the broadest protection? - CORRECT ANSWER-Major Medical Which of the following situations does NO...

Categories of Life Insurance - CORRECT ANSWER-Ordinary, Industrial and Group Ordinary Life - CORRECT 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 U...