FL Life and Health Insurance 2-15 Study Exam (165
questions)
N is covered by a Term Life policy and does not make the Claim will be denied.
required premium payment which was due August 1. N
dies September 15. What action will the insurer take?
A contract where one party either accepts or rejects the adhesion
terms of a contract written by another party is called a
contract of
All of the following statements about Major Medical Benefits have no maximum limit
benefits are true, EXCEPT:
W gave W's age as 50 when W purchased a Life policy. At The proceeds would be reduced based on whatever the premium would have
the time of W's death seven years later, the company been if purchased at age 59.
discovered W's true age at issue had been 59. What
would the normal procedure be under the
misstatement of age provision in regard to the
payment of the death claim?
, All of these are considered sources of underwriting Inspection Report
information about an applicant, EXCEPT:
According to the Mandatory Uniform Policy Provisions, 31 days
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid?
Which provision allows the policy owner to change a Conversion
term life policy to a permanent one without
providing proof of good health?
What do families pay that are covered by the Florida A portion of the premium
Healthy Kids Corporation?
Which statement regarding third-party ownership of a life It is used extensively in estate planning as well as business circumstances.
insurance policy is true?
Which of the following employees may NOT be Full-time employees after the probationary period.
excluded from a group life plan?
Which of the following statements BEST describes what An insured must wait at least 60 days after Proof of Loss has been submitted
the Legal Actions provision of an Accident and Health before a lawsuit can be filed.
policy requires?
What percentage of eligible persons must a policy cover 100%
in a noncontributory group?
What are adjustable rates for life policy loans in Florida Moody's corporate bond index.
based on?
An underwriter determines that a life insurance exclusion for the medical condition
applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n):
What is the initial requirement for an insured to become Insured must be under a physician's care
eligible for benefits under the Waiver of Premium
provision?
J has a Disability Income policy that does NOT provide Nonoccupational coverage
benefits for losses occurring as the result of his
employment. What kind of coverage is this?
K is insured under a Group Life Insurance policy. K is certificate holder
considered to be a(n)
According to Florida law, which of the following Marital status
information does NOT need to be obtained by an agent
recommending an annuity purchase?
questions)
N is covered by a Term Life policy and does not make the Claim will be denied.
required premium payment which was due August 1. N
dies September 15. What action will the insurer take?
A contract where one party either accepts or rejects the adhesion
terms of a contract written by another party is called a
contract of
All of the following statements about Major Medical Benefits have no maximum limit
benefits are true, EXCEPT:
W gave W's age as 50 when W purchased a Life policy. At The proceeds would be reduced based on whatever the premium would have
the time of W's death seven years later, the company been if purchased at age 59.
discovered W's true age at issue had been 59. What
would the normal procedure be under the
misstatement of age provision in regard to the
payment of the death claim?
, All of these are considered sources of underwriting Inspection Report
information about an applicant, EXCEPT:
According to the Mandatory Uniform Policy Provisions, 31 days
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid?
Which provision allows the policy owner to change a Conversion
term life policy to a permanent one without
providing proof of good health?
What do families pay that are covered by the Florida A portion of the premium
Healthy Kids Corporation?
Which statement regarding third-party ownership of a life It is used extensively in estate planning as well as business circumstances.
insurance policy is true?
Which of the following employees may NOT be Full-time employees after the probationary period.
excluded from a group life plan?
Which of the following statements BEST describes what An insured must wait at least 60 days after Proof of Loss has been submitted
the Legal Actions provision of an Accident and Health before a lawsuit can be filed.
policy requires?
What percentage of eligible persons must a policy cover 100%
in a noncontributory group?
What are adjustable rates for life policy loans in Florida Moody's corporate bond index.
based on?
An underwriter determines that a life insurance exclusion for the medical condition
applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n):
What is the initial requirement for an insured to become Insured must be under a physician's care
eligible for benefits under the Waiver of Premium
provision?
J has a Disability Income policy that does NOT provide Nonoccupational coverage
benefits for losses occurring as the result of his
employment. What kind of coverage is this?
K is insured under a Group Life Insurance policy. K is certificate holder
considered to be a(n)
According to Florida law, which of the following Marital status
information does NOT need to be obtained by an agent
recommending an annuity purchase?
