Exam Simulator- Florida Life and Health State Exam Simulator/ 231 Q&A/
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Course
Florida Life and Health
Institution
Florida Life And Health
Exam Simulator- Florida Life and Health State Exam Simulator/ 231 Q&A/ . Terms like:
Which of the following statements about guaranteed renewable health insurance policy is correct? - Answer: Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with ...
Exam Simulator- Florida Life and Health State
Exam Simulator/ 231 Q&A/ 2024-2025.
Which of the following statements about guaranteed renewable health insurance policy is
correct? - Answer: Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - Answer: Buyer’s guide and policy
summary
T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What
kind of $10,000 policy should T purchase? - Answer: Ten-year Endowment
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
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,Which of the following is the most important factor when deciding how much disability income
coverage an applicant should purchase? - Answer: Applicants monthly income
Which two entitles regulate variable annuities? - Answer: Department of Financial Services;
Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - Answer: The insured's total loan
value
The provision that can be used to put on insurance policy back in force after it has lapsed due to
nonpayment is called? - Answer: Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum of money
through an insurance company? - Answer: Annuity
According to Florida law, a group life insurance policy requires a minimum how many insureds? -
Answer: No minimum
Multiple employer welfare arrangement (MEWA) provides what type of benefits? - Answer:
Insurance
In a qualified retirement plan, the yearly contributions to an employee's account? - Answer: Are
restricted to maximum level set by the IRS
All of the following entries are classified under the four principal areas of Florida insurance law
except? - Answer: An agent's commission
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, According to Florida's life insurance replacement law, about policyowner must be provided with
the written comparison and summary statement when it's required by? - Answer: The
policyowner
On delivery of policy, a signed statement of good health is typically request if? - Answer: The
application was submitted without the initial premium.
K is the insured and P is the sole beneficiary on an accidental death and dismemberment
insurance policy. Both are involved in a fatal accident where K dies before P. Under the common
disaster provision, which of these statements is true? - Answer: Proceeds will be paid to P's
estate
An insured is past due on his life insurance premium but is still within the grace period. What
will the beneficiary receive if the insured dies during the grace period.? - Answer: Full face
amount minus any past due premiums
A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - Answer: Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - Answer: 20
S is employer by large corporation that provides group health coverage for its employees and
their dependents. If S dies, The company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how many months on the cobra
regulations? - Answer: 36 months (under COBRA)
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