XCel 2-15 Florida Life & Health State Exam Simulator/ 197 Q&A.
10 views 0 purchase
Course
Florida Life & Health
Institution
Florida Life & Health
XCel 2-15 Florida Life & Health State Exam Simulator/ 197 Q&A. Terms like:
what is considered to be a characteristic of an immediate annuity - Answer: benefit payments start within one payment period of purchase
which of these characteristics is consistent with a straight life policy - Answe...
XCel 2-15 Florida Life & Health State Exam
Simulator/ 197 Q&A.
what is considered to be a characteristic of an immediate annuity - Answer:
benefit payments start within one payment period of purchase
which of these characteristics is consistent with a straight life policy - Answer:
premiums are payable for as long as there is insurance coverage in force
an insureds inability to perform two or more activities of daily living may trigger
which type of life policy rider - Answer: long term care
B recently died and was insured with a life insurance policy for over five years.
During the claims process, the insurer discovered that B had understated his age
Page 1 of 29
,by 5 years at the time of application. In this situation, the insurer will - Answer:
pay the amount that the premium would have purchased at the correct age
what action can a policyowner take if an application for a bank loan requires
collateral - Answer: assign policy ownership to the bank
what is required in the Florida Employee Health Care Access Act - Answer: small
group benefit plans are to be issued on a guarantee issue basis
P is a forty year old woman and would like to purchase an annuity that will
provide a lifetime income stream beginning at age sixty. Which of the following
did she NOT buy? - Answer: an immediate annuity
the situation in which a group of physicians are salaried employees and conduct
business in an hmo facility is called - Answer: closed panel
T sends proof of loss to her insurer for an acceptable medical expense claim under
her individual Health Insurance policy. Upon receipt, the insurer must pay the
benefits - Answer: immediately
an application for medicare supplement coverage may not be denied by the
insurer if the application was submitted within ______ month(s) after the
applicant reaches the age 65 - Answer: six
Page 2 of 29
, when a policyowner cash surrenders a universal life insurance policy in its early
years, this may be considered a red flag for a(n) - Answer: anti money laundering
violation
When is a Group Health policy required to provide coverage for a newborn child? -
Answer: at the moment of birth
which of the following situations does not apply to the florida replacement rule -
Answer: an existing policyholder purchases an additional policy from the same
insurer
under a renewable term policy - Answer: the renewal premium is calculated on
the basis of the insured's attained age
D owns a Whole Life policy that was purchased 10 years ago. If the premium
payments suddenly stop and D takes no additional action, which Nonforfeiture
Option will the insurer likely proceed with? - Answer: extended term
In Florida, which employee is eligible for an employer's group term life plan? -
Answer: employee who works more than 40 hours per week
which of the following statements is correct regarding an employer/employee
group health plan - Answer: the employer receives a master policy and the
employees receive certificates
Page 3 of 29
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 $10.99. You're not tied to anything after your purchase.
