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Chapter Exam - Florida Laws and Rules 2024/25; Questions & Answers 100% Correct $12.49   Add to cart

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Chapter Exam - Florida Laws and Rules 2024/25; Questions & Answers 100% Correct

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  • Florida Laws And Rules

Chapter Exam - Florida Laws and Rules 2024/25; Questions & Answers 100% Correct According to Florida law, an additional notice must be issued after the standard grace period has expired for policyowners age 64 The waiting period for a pre-existing condition under a Medicare Supplement polic...

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  • August 25, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida Laws and Rules
  • Florida Laws and Rules
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Chapter Exam - Florida Laws and Rules
2024/25; Questions & Answers 100% Correct
According to Florida law, an additional notice must be issued after the standard
grace period has

expired for policyowners age ✔✔64

The waiting period for a pre-existing condition under a Medicare Supplement
policy may NOT

go beyond ✔✔6 months

Which of the following employer tasks does a Professional Employer
Organization normally

handle? ✔✔Administration tasks

Which of the following is an example of an Unfair Trade Practice? ✔✔coercion

Which two entities regulate variable annuities? ✔✔Department of Financial
Services; and

Securities Exchange Commission

Which of the following is NOT required in the Outline of Coverage for a health
insurance

policy? ✔✔Projection of the policy's future costs

Which action could result in a hearing being ordered by the Department of
Financial Services?

✔✔Performing insurance transactions without a license

, Chapter Exam - Florida Laws and Rules
2024/25; Questions & Answers 100% Correct
All of these are a prerequisite for becoming a licensed agent EXCEPT ✔✔to
graduate from high

school

W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years

later, the company discovered W's true age at issue had been 59. What would
the normal

procedure be under the misstatement of age provision in regard to the payment
of the death

claim? ✔✔The proceeds would be reduced based on whatever the premium
would have been if

purchased at age 59

In Florida, the underwriting and issuance of a master group health policy
requires that all

employees ✔✔are eligible to participate, regardless of their individual health
history

Which of the following is NOT a consequence for placing business with an
unauthorized

insurer? ✔✔First degree misdemeanor

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