1 Exam Questions with Correct Answers,
Quiz____?Which of the following statements about guaranteed renewable health insurance policy is correct? - Answer✓✓ Premiums normally increase at the time of renewal.
Quiz____?The issuer must provide a perspective buyer with an? - Answer✓✓ Buyers guide and policy summary
Quiz____?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? - Answer✓✓ Ten-year Endowment
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2 According to the time payment of claims provision, the insurer must pay disability income benefits no less frequently then which of the following options? - Answer✓✓ Monthly
Quiz____?Which of the following is the most important factor when deciding how much disability income coverage an applicant should purchase? - Answer✓✓ Applicants monthly income
Quiz____?Which two entitles regulate variable annuities? - Answer✓✓ Department of Financial Services; Securities Exchange Commission.
Quiz____?The amount of coverage on a group life policy is limited to? - Answer✓✓ The insured's total loan value
Quiz____?The provision that can be used to put on insurance policy back in force after it has lapsed due to nonpayment is called? - Answer✓✓ 2 / 4
3 Reinstatement
Quiz____?Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance company? - Answer✓✓ Annuity
Quiz____?According to Florida law, a group life insurance policy requires a minimum how many insureds? - Answer✓✓ No minimum
Quiz____?Multiple employer welfare arrangement (MEWA) provides what type of benefits? - Answer✓✓ Insurance
Quiz____?In a qualified retirement plan, the yearly contributions to an employee's account? - Answer✓✓ Are restricted to maximum level set by the IRS
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4 Quiz____?All of the following entries are classified under the four principal areas of Florida insurance law except? - Answer✓✓ An agent's commission
Quiz____?According to Florida's life insurance replacement law, about policyowner must be provided with the written comparison and summary statement when it's required by? - Answer✓✓ The policyowner
Quiz____?On delivery of policy, a signed statement of good health is typically request if? - Answer✓✓ The application was submitted without the initial premium.
Quiz____?K is the insured and P is the sole beneficiary on an accidental death and dismemberment insurance policy. Both are involved in a fatal accident where K dies before P. Under the common disaster provision, which of these statements is true? - Answer✓✓ Proceeds will be paid to P's estate
Quiz____?
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