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214 Florida Insurance Exam Questions And Answers (Solved)

214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of paymen...

What is one condition to re-instate a lapsed life insurance policy? - Answer-The policy has been expired no more than 3 years What are three common classifications underwriters use for risk? - Answer-Standard, substandard, and preferred What is intended to be covered by health insurance? - Answer-Accidental injury, illness, and medical costs If the total of a taxpayer's medical expense exceeds 10% of their adjusted gross income, what can be deducted? - Answer-Accident insurance premium...

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: - A...

FLORIDA INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - -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? - -Conditional A life insurance arrangement...

FLORIDA INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ What is one condition to re-instate a lapsed life insurance policy? - -The policy has been expired no more than 3 years What are three common classifications underwriters use for risk? - -Standard, substandard, and preferred What is intended to be covered by health insurance? - -Accidental injury, illness, and medical costs If the total of a taxpayer's medical expense exceeds 10% of their adjusted gross income, what can be...

FLORIDA INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ ___ / ___ / ___ must be carried - -10 / 20 / 10 "collision" - -is the upset (rollover) or impact with another object "other than collision" - -covers all direct an accidental losses not covered by collision except as excluded 3 triggers of the law: - -1. accident involving bodily injury 2. accident involving property damage when vehicle is in operative 3. accident involving traffic violations such as DUI and committing ...

Florida Laws and Rules Pertinent to Insurance Exam Questions and Correct Answers (A Graded Florida Laws and Rules Pertinent to Insurance Exam Questions and Correct Answers (A Graded

Florida Insurance Exam questions and answers 2024 The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWERS 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? - ANSWERS Conditional A life insurance arrangement ...

Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance whic...

Florida Insurance Exam (2-15) questions and answers 2024 A Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANSWERS Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANSWERS They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - ANSWERS Benefits are paid directly to the hospital When benefits are paid to a policyowner covered ...

XCEL Florida Insurance Exam questions and correct answers What is the name of the law that requires insurers to disclose information gathering practices and where the information is obtained - ANSWERS Fair Credit Reporting Act Which of these describe a participating insurance policy - ANSWERS Policy owners are entitled to receive dividends Who elects the governing body of a mutual insurance company - ANSWERS Policyholders Which of the following requires insurer to disclose when an ap...