Florida Health Insurance Exam 2

Florida Health Insurance Exam 2

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Florida Health Insurance Exam 2

• 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

10. 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

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