Florida value policy law - Study guides, Class notes & Summaries

Exam Simulator- Florida Life and Health State Exam Simulator Latest 2024 Graded A Which of the following statements about guaranteed renewable health insurance policy is correct? Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? Buyers 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? Ten-year Endowment According to the time p...

ACA Final Exam questions and answers well elaborated At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and writ...

Exam Simulator: Florida Life and Health State Exam Latest Update Graded A A nonforfeiture clause gives the policy owner guaranteed values even if the policy has lapsed P loses an arm is a farm accident and is paid $10k from his Accidental Death and Dismemberment policy. This benefit is known as the Capital Sum P, age 50, purchased an annuity that P will fund with $500/ month for 15 years. The annuity will then pay P retirement payments after the 15 years. Which type of annuity did P purchase? ...

Florida Insurance Exam Questions and Answers 100% Pass Risk the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. CHANCE Policy a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders temporary insurance which can be made orally or written property insurance where pa...

XCEL FL TEST STUDY GUIDE | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following types of health coverage frequently uses a deductible? Correct Answer: Major Medical policy What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? Correct Answer: Irrevocable beneficiary If a 10-Year Term Life policy contains a Renewability provision, the policy will renew Correct Answer: wit...

20-44 Personal Lines Agent PreXam Flashcards ALL SETS Questions and Answers 100% Pass the cost to replace an item or property at the time of loss, minus depreciation - Correct Answer ️️ -Actual Cash Value (ACV) a type of policy limit which limits coverage to a specified total amount for all losses occuring w/in the policy period - Correct Answer ️️ -Aggregate Limit conviction of a 3rd degree felony, liability for all unpaid claims, suspencion or revocation of all insurance license...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance company pay...

Florida 2-15 Insurance License Exam Questions and Answers 100% Pass Accumulation units are converted into annuity units: - Correct Answer ️️ -at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Correct Answer ️️ -noncontributory If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required befor...

Florida Laws and Rules Pertinent to Insurance Ch. 8 Already Passed How many hours of continuing education must a newly licensed agent complete every two years 24 A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a(n) broker dealer Which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? Notice to existing and replacing insurers of intentio...

FLorida State Health Insurance Exam Question and answers 100% correct 2023/2024 FIELD UNDERWRITING PROCEDURES - correct answer AGENT/PRODUCER Insurable Interest - correct answer policy owner who faces losing something of value in the event of a loss Insurer - correct answer principle Contract Law - correct answer Elements of a Contract