Florida Insurance Exam quiz and answers

Florida Insurance Exam quiz and answers
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 which circumvents insurable interest statutes is called: - 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? - Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a
premium refund? - 30
Which of the following is NOT an unfair claim settlement practice? - Needing written documentation of
claim details
Who is NOT required to sign a life insurance application? - Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: - any
occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): - Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - beneficiary