Florida 215 exam 2025 - Study guides, Class notes & Summaries

Florida 215 exam Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ According to Florida's Standard Valuation Law, the __________________ is mandatory. 1) Certificate of Authority 2) Director of the Office of Insurance Regulation 3) legal reserve - Answer -legal reserve Group health plans that are issued by mutual companies usually: 1) provide for dividends. 2) issue experience-rated plans. 3) are noncancellable for a period of two years. 4) are renewable after a s...

215 FL License exam | Questions and Correct Solutions | latest Update 2024/2025| Graded A+ Which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? - Answer -Notice to existing and replacing insurers of intention to replace Which of the following is not considered rebating? - Answer -Sharing commissions with an agent licensed in the same line of business According to Florida law which of the fol...

Florida 215 Life, Health, Insurance Law Practice Exam questions and answers already graded A+ 2024/2025

Florida 215 exam Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ According to Florida's Standard Valuation Law, the __________________ is mandatory. 1) Certificate of Authority 2) Director of the Office of Insurance Regulation 3) legal reserve - Answer -legal reserve Group health plans that are issued by mutual companies usually: 1) provide for dividends. 2) issue experience-rated plans. 3) are noncancellable for a period of two years. 4) are renewable after a ...

Florida 215 Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Nondisabling Injury Provision - Answer -A person who has a disability income policy and suffers from a disability that is not serious enough to qualify them for disability income benefits may receive the actual cost of medical treatment for accident-related injuries under the: The following statement(s) about HMOs is/are CORRECT? - Answer - HMOs stress preventive care, rarely assess deductibles, and ...

Florida 215 Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Nondisabling Injury Provision - Answer -A person who has a disability income policy and suffers from a disability that is not serious enough to qualify them for disability income benefits may receive the actual cost of medical treatment for accident-related injuries under the: The following statement(s) about HMOs is/are CORRECT? - Answer - HMOs stress preventive care, rarely assess deductibles, and ...

215 FL License exam | Questions and Correct Solutions | latest Update 2024/2025| Graded A+ Which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? - Answer -Notice to existing and replacing insurers of intention to replace Which of the following is not considered rebating? - Answer -Sharing commissions with an agent licensed in the same line of business According to Florida law which of the fol...

215 FL License exam | Questions and Correct Solutions | latest Update 2024/2025| Graded A+ s: 1. What is the primary purpose of health insurance? o A) To provide income during unemployment o B) To cover medical expenses o C) To offer life coverage o D) To provide retirement benefits Answer: B) To cover medical expenses Rationale: Health insurance is specifically designed to help cover the costs of medical care, including hospital stays, surgeries, and prescriptions. 2. Which of the ...

215 FL License exam | Questions and Correct Solutions | latest Update 2024/2025| Graded A+ Which plan is intended to be used by a sole proprietor and employees of that business? - ANSWER -Keogh Plan Which of the following provisions is not required in HMO contracts/certificates? - ANSWER -Seven-day grace period In Florida, and ensure license to conduct business in Florida, but domiciled in New Jersey, is called a(n) - ANSWER -Foreign company Which of these types of policies may not ha...