Florida Insurance Exam/ 150 Quizzes with Verified Ans/ .
5 views 0 purchase
Course
Florida Insurance
Institution
Florida Insurance
Florida Insurance Exam/ 150 Quizzes with Verified Ans/ . Terms like:
The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - Answer: Insuring clause
K applies for a life insurance policy on herself and submits the initial premium ...
Florida Insurance Exam/ 150 Quizzes with
Verified Ans/ 2024-2025.
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the: - 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 that coverage begins immediately if the
application is approved. What kind of receipt was used? - Answer: Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: - Answer:
Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions? - Answer: Entire Contract
Page 1 of 18
,Within how many days after policy delivery can a Medicare Supplement policy be returned for a
100% premium refund? - Answer: 30
Which of the following is NOT an unfair claim settlement practice? - Answer: Needing written
documentation of claim details
Who is NOT required to sign a life insurance application? - Answer: Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: -
Answer: any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): - Answer:
Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - Answer: beneficiary
Which of the following is considered an accurate statement of an unfair trade practice? -
Answer: Twisting involves an agent using misrepresentation to convince a policyowner to cancel
their current policy so that they can purchase a new life insurance policy with another company
The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): -
Answer: Living Benefit
Which of the following policy features allows an insured to defer current health charges to the
following year's deductible instead of the current year's deducitble? - Answer: Carryover
provision
Insurance policies are considered aleatory contracts because - Answer: performance is
conditioned upon a future occurrence
Page 2 of 18
, Within how many days must a licensee notify the Department of Financial Services of a change
in address? - Answer: 30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency? - Answer: Florida Life and Health Insurance Guaranty Association
The clause in an Accident and Health policy which defines the benefit amounts the insurer will
pay is called the: - Answer: Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may
be considered a red flag for a(n): - Answer: Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income
benefits no less frequently than which of the following options? - Answer: Monthly
What would the Medical Information Bureau (MIB) identify? - Answer: Testing positive for
marijuana use from a previous screening
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - Answer: If the primary beneficiary dies before the insured
Under a Renewable Term policy, - Answer: the renewal premium is calculated on the basis of
the insured's attained age
Which of the following statements is true about most Blue Cross/Blue Shield organizations? -
Answer: They are nonprofit organizations
Page 3 of 18
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Pronurse1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
