.png){kind=logo}
XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM (ACTUAL / )
SIMULATOR WITH QUESTIONS AND VERIFIED CORRECTLY ANSWERED
which of the following statements about health reimbursement arrangements (hra) is correct if the employee paid for qualified medical expenses, the reimbursements may be tax free
- multiple choice options
With a medical discount plan, how often would a person generally pay a fee to get discounts on specific services?monthly
Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company.The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take?return to the customer, collect a new check made out to the insurance company, and send the new check out to the insurance company
- multiple choice options
which of the following life insurance policies combine term insurance with an investment element universal life
- multiple choice options
- / 4
which of the following statements best describes the intent of a coinsurance clause in a major medical policy discourages overutilization of the insurance coverage
- multiple choice options
term insurance has which of the following characteristics expires at the end of the policy period
- multiple choice options
which of the following is an example of a nonforfeiture option reduced paid up option
- multiple choice options
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards.How much of the death benefit will the mother receive?
- multiple choice options
a stock life insurance company that issues both participating and nonparticipating policies is doing business on a mixed plan 2 / 4
- multiple choice options
Tom has a qualified retirement plan with his employer that is currently considered to be 80% "vested". How can this be interpreted?if toms employment is terminated, 20% of the funds would be forfeited
- multiple choice options
the accelerated death benefit provision in a life insurance policy is also known as a(n) living benefit
- multiple choice options
We have an expert-written solution to this problem!An employee requested that the balance of her 401(k) account be sent directly to her in one lump sum. Upon receipt of the distribution, she immediately has the funds rolled over into an IRA. What is the tax consequence of the distribution sent to this employee?distribution is subject to federal income tax withholding
- multiple choice options
A group plan was recently terminated. In Florida, how many days are covered individuals guaranteed coverage after a group plan's termination?31 days
- multiple choice options 3 / 4
Under the USA Patriot Act, insurers are required to report receipt of cash payments in excess of 10000
- multiple choice options
a life insurance policyowner may sell their policy to a(n) _______ in order to receive a percentage of the policys face value viatical settlement provider
- multiple choice options
all of the following entries are classified under the four principal areas of florida insurance law except an agents commission
- multiple choice options
an agent that sells _______ life insurance must be registered with the financial industry regulatory authority (finra) variable
- multiple choice options
a(n) ______ term life policy is normally used when covering an insured mortgage balance
- / 4
.png)