Florida Life & Health Insurance Exam Questions & Answers Graded A+ The clause identifying which losses resulting from an accident or sickness are insured by the policy is
called the: - Answer Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved.What kind of receipt was used? - Answer Conditional A life insurance arrangement which circumvents insurable interest statutes is called: - Answer Investor- Originated Life Insurance Which of the following health policy provisions states that the producer does NOT have the authority to change the policy or waive any of its provisions? - Answer Entire Contract Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100% premium refund? - Answer 30 Which of the following is NOT an unfair claim settlement practice? - Answer Needing written documentation of claim details Who is NOT required to sign a life insurance application? - Answer Beneficiary To be eligible for Social Security disability benefits, an employee must be unable to perform: - Answer any occupation The type of annuity that can be purchased with one monetary deposit is called a(n): - Answer Immediate annuity 1 / 2 Download at gaviki.comDownload at gaviki.com
A life insurance application must be signed by all of these, EXCEPT: - Answer beneficiary Which of the following is considered an accurate statement of an unfair trade practice? - Answer 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 The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): - Answer Living Benefit Which of the following policy features allows an insured to defer current health charges to the following year's deductible instead of the current year's deducitble? - Answer Carryover provision Insurance policies are considered aleatory contracts because - Answer performance is conditioned upon a future occurrence Within how many days must a licensee notify the Department of Financial Services of a change in address? - Answer 30 Which organization was established to provide funds to protect an insured in the event of an insurer's insolvency? - Answer Florida Life and Health Insurance Guaranty Association The clause in an Accident and Health policy which defines the benefit amounts the insurer will pay is
called the: - Answer Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be
considered a red flag for a(n): - Answer Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options? - Answer Monthly What would the Medical Information Bureau (MIB) identify? - Answer Testing positive for marijuana use from a previous screening
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