Florida insurance 2 14 - Study guides, Class notes & Summaries

Florida Insurance 2-14 Exam Terms with complete solution 2023/2024

HEALTH INSURANCE FLORIDA 2-40 PRACTICE EXAM QUESTIONS 2 | 299 QUESTIONS & ANSWERS 100% CORRECT Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc...

Florida 2-20 Questions and Answers 100% CorrectFlorida 2-20 Questions and Answers 100% CorrectFlorida 2-20 Questions and Answers 100% CorrectFlorida 2-20 Questions and Answers 100% CorrectFlorida 2-20 Questions and Answers 100% CorrectD B. A general lines agent or a general lines insurance agency - ANSWER-Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insu...

Life Insurance/ annuities 2-14 Questions and Answers Rated A+ Which of the following individuals MUST be licensed as an agent? A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary license to which of the following individuals? A surviving ...

220 EXAM - FLORIDA STATUTES EXAM QUESTIONS AND ANSWERS All of the following are grounds for compulsory refusal, suspension, or revocation EXCEPT: A. Unlawfully rebating B. Fraudulent submission of a Workers' Comp app C. Lack of reasonably adequate knowledge D. Soliciting insurance in other areas of the state D. Soliciting insurance in other areas of the state How long is a temporary license good for? A. 12 months B. 6 months C. 4 months D. 2 months B. 6 months Brain...

FLORIDA 2-15 INSURANCE LICENSE EXAM |50 NEW QUESTIONS AND ANSWERS + RATIONALE What is the minimum free look period for life insurance policies in Florida? Select one: a. 14 days b. 21 days c. 30 days d. 31 days Rationale: The unconditional refund time (free look period) for life insurance policies in Florida is at least 14 days. Tim has a special savings medical plan whereby the funds do not rollover from year to year. This plan is a: Select one: a. Group health insurance b. HRA ...

Florida 2-20 Exam Questions and Answers 100% Pass B. A general lines agent or a general lines insurance agency - Correct Answer ️️ -Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insurance agency C. An adjuster D. An insurance company D. After 90 days in Florida - Correct Answer ️️ -Mr. Smith lives in New Jersey but visits Florida each year. Wh...

B. A general lines agent or a general lines insurance agency - Answer- Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insurance agency C. An adjuster D. An insurance company D. After 90 days in Florida - Answer- Mr. Smith lives in New Jersey but visits Florida each year. When does he come under the Florida No-Fault system, in any 365-day period? Sel...

Florida Insurance 2-14 Exam Terms Insurance - CORRECT ANSWER - Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - CORRECT ANSWER - Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Annuities - CORRECT ANSWER - Provide a stream of income by making a s...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS