Florida Health Insurance Exam 2

Florida Health Insurance Exam 2
1. The clause identifying which losses resulting from an accident or sicknessare insured by the
policy is called the:
Answer: Insuring clause
2. 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 ofreceipt was used?
Answer: Conditional
3. A life insurance arrangement which circumvents insurable intereststatutesis called:
Answer: Investor-Originated Life Insurance
4. 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
5. Within how many days after policy delivery can a Medicare Supplementpolicy be returned
for a 100% premium refund?
Answer: 30
6. Which of the following is NOT an unfair claim settlement practice?
Answer: Needingwritten documentation of claim details
7. Who is NOT required to sign a life insurance application?
Answer: Beneficiary
8. To be eligible for Social Security disability benefits, an employee must beunable to
perform:
Answer: any occupation
9. The type of annuity that can be purchased with one monetary deposit iscalled a(n):
Answer: Immediate annuity
10. A life insurance application must be signed by all of these, EXCEPT:
Answer: beneficiary
11. Which of the following is considered an accurate statement of an unfairtrade practice?
Answer: Twisting involves an agent using misrepresentation to convincea policyowner to
cancel their current policy so that they can purchase a new life insurance policy with another
company