Florida Insurance 2-15 Exam Terms Questions And Answers Combined Package Solutions A+ Graded

Florida Insurance Exam (2-15) Questions And Answers A Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANS Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANS They mandate enrollme...

Florida Insurance 2-15 Exam Terms Questions And Answers Insurance - ANS Financial protection against loss or harm - An arrangement by which a company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - ANS Is ba...

2-15 Florida Insurance Exam Questions And Answers Risk - ANS Can be defined as uncertainty regarding loss Pure Risk - ANS Involve only the chance of loss; It's the only insurable risk. Speculative Risk - ANS A chance for gain and a chance of loss. (Gambling, Stock Mkt, etc.) P...

Florida 2-15 exam Questions And Answers In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - ANS 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a produce...

215 Insurance License Exam Questions And Answers risk pooling - ANS spreading risk over a large group of people law of large numbers - ANS larger the group, the more certain the predictions speculative risk - ANS not insurable - involves both chance of loss or gain pure risk - ...

Fl Life, Health and Annuities Licensing 2-15 Exam Questions And Answers 3 ways insurance contracts are different from other legally binding documents - ANS Number one. They are aleatory. Meaning the insured pays a premium but may not receive anything back. Number 2. They are contracts of adh...

Florida 2 15 Social insurance Exam Questions And Answers What Medicare part provides a prescription drugs benefit? - ANS Part D An insured with Medicare Part D has reached the initial benefit limit and must now pay a portion of prescription drugs cost. What is the term for this gap in cover...

Florida 2-15 Overview/ Study Guide (Fool Proof Guide): Annuities Exam Questions And Answers Annuity - ANS A savings plan within an insurance company instead of a bank. - An annuity is not considered insurance, but the life insurance industry handles them Fixed Annuity - ANS A savings p...

FL 2-15 types of life insurance policies Exam Questions And Answers What policy component must decrease in decreasing term insurance? - ANS face amount Can a business or a corporation be an annuitant? - ANS no, an annuitant must always be a natural person if the annuitant dies during t...

Florida Insurance Exam Questions And Answers The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANS Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is ...