Exam (elaborations)
XCel 2-15 florida life & health state exam simulator questions and answers
- Course
- Institution
XCel 2-15 florida life & health state exam simulator
[Show more]
Content preview
XCel 2-15 florida life & health state examsimulator
what is considered to be a characteristic of an immediate annuity - Answers -benefit
payments start within one payment period of purchase
which of these characteristics is consistent with a straight life policy - Answers -
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 - Answers -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 by 5 years at
the time of application. In this situation, the insurer will - Answers -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 -
Answers -assign policy ownership to the bank
what is required in the Florida Employee Health Care Access Act - Answers -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?
- Answers -an immediate annuity
the situation in which a group of physicians are salaried employees and conduct
business in an hmo facility is called - Answers -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 -
Answers -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 - Answers -six
when a policyowner cash surrenders a universal life insurance policy in its early years,
this may be considered a red flag for a(n) - Answers -anti money laundering violation
, When is a Group Health policy required to provide coverage for a newborn child? -
Answers -at the moment of birth
which of the following situations does not apply to the florida replacement rule -
Answers -an existing policyholder purchases an additional policy from the same insurer
under a renewable term policy - Answers -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? - Answers -extended term
In Florida, which employee is eligible for an employer's group term life plan? - Answers -
employee who works more than 40 hours per week
which of the following statements is correct regarding an employer/employee group
health plan - Answers -the employer receives a master policy and the employees
receive certificates
all of the following statements regarding a tax sheltered annuity (tsa) are true except -
Answers -income derived from the tsa is received income tax free
How would a contingent beneficiary receive the policy proceeds in an Accidental Death
and Dismemberment (AD&D) policy? - Answers -if the primary beneficiary dies before
the insured
A student pilot can pay regular premium costs for her life insurance policy with the
addition of which of the following? - Answers -aviation exclusion
which of these statements is incorrect regarding a preferred provider organization
(ppo)? - Answers -ppos are not a type of managed care systems
which of the following is considered an accurate statement of an unfair trade practice? -
Answers -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
what is floridas definition of life insurance replacement - Answers -a transaction in which
a new policy is bought and an old policy is terminated
a sole proprietor may use this plan only if the employees of this business are included -
Answers -keogh pension plan
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now