Florida insurance law and rules 2024| Distinction
Which of the following is a standard provision of the conversion privileges in a Group
Life policy? - ️️ - Group Life coverage can be converted to an individual policy at
regular rates on an attained-age basis
What are adjustable rates for l...
Florida insurance law and rules 2024| Distinction Which of the following is a standard provision of the conversion privileges in a Group Life policy? - ✔️✔️- Group Life coverage can be converted to an individual policy at regular rates on an attained -age basis What are adjustable rates for life policy loans in Florida based on? - ✔️✔️- Moody's corporate bond index A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value. - ✔️✔️- viatical settlement provider What do Dread Disease policies cover? - ✔️✔️- A specific disease or illness What is the required minimum percentage of employee participation for a noncontributory group health insurance plan according to Florida Law? - ✔️✔️- 0 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT - ✔️✔️- An agent's commission K is an agent who made an improper sale of an annuity to a client. Which of the following corrective actions would the Department of Financial Services likely order K to take? - ✔️✔️- Pay monetary restitution to the client Under an Individual Disability policy in Florida, what is the minimum schedule of time in which claims must be made to an insured? - ✔️✔️- Monthly Which of the following acts is an agent NOT authorized to do on behalf of an insurer? - ✔️✔️- Authorize claim payments All of these are a prerequisite for becoming a licensed agent EXCEPT - ✔️✔️- Graduate from high school Florida requires that coverage for newborns begins "from the moment of birth" and continues for - ✔️✔️- 18 months` Which of the following situations does NOT apply to the Florida Replacement Rule? - ✔️✔️- An existing policyholder purchases an additional policy from the same insurer According to Florida law, which of the following information does NOT need to be obtained by an agent recommending an annuity purchase? - ✔️✔️- Marital status Which of the following situations are NOT subject to Florida life insurance laws? - ✔️✔️- Insurance companies' day -to-day operations In Florida, an insurer domiciled and incorporated in this state is called a(n) - ✔️✔️- domestic company In Florida, which of the following practitioners normally do NOT receive payment from health insurance policies? - ✔️✔️- Naturopaths Which of the following is NOT required in the Outline of Coverage for a health insurance policy? - ✔️✔️- Projection of the policy's future costs The minimum age at which a person can sign a life insurance application is - ✔️✔️- 15 years The Florida Employee Health Care Access Act was established to make - ✔️✔️- group health insurance available to employers with up to 50 employees Florida's 14 -day free -look period for life insurance policies begins at the - ✔️✔️- date of delivery
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