Xcel 2-15 Florida Life & Health State
Exam Simulator With Correct Answers
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
3 multiple choice options
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
3 multiple choice options
an insureds inability to perform two or more activities of daily living may trigger which
type of life policy rider
long term care
3 multiple choice options
B recently died and was insured with a life insurance policy for over five years. During
the claims process, the insurer discovered that B had understated his age by 5 years at
the time of application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
3 multiple choice options
,what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
3 multiple choice options
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
3 multiple choice options
P is a forty year old woman and would like to purchase an annuity that will provide a
lifetime income stream beginning at age sixty. Which of the following did she NOT
buy?
an immediate annuity
3 multiple choice options
the situation in which a group of physicians are salaried employees and conduct
business in an hmo facility is called
closed panel
3 multiple choice options
,T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
3 multiple choice options
an application for medicare supplement coverage may not be denied by the insurer if
the application was submitted within ______ month(s) after the applicant reaches the
age 65
six
3 multiple choice options
when a policyowner cash surrenders a universal life insurance policy in its early years,
this may be considered a red flag for a(n)
anti money laundering violation
3 multiple choice options
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
3 multiple choice options
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
, 3 multiple choice options
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
3 multiple choice options
D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the
insurer likely proceed with?
extended term
3 multiple choice options
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
3 multiple choice options
which of the following statements is correct regarding an employer/employee group
health plan
the employer receives a master policy and the employees receive certificates
3 multiple choice options
Exam Simulator With Correct Answers
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
3 multiple choice options
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
3 multiple choice options
an insureds inability to perform two or more activities of daily living may trigger which
type of life policy rider
long term care
3 multiple choice options
B recently died and was insured with a life insurance policy for over five years. During
the claims process, the insurer discovered that B had understated his age by 5 years at
the time of application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
3 multiple choice options
,what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
3 multiple choice options
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
3 multiple choice options
P is a forty year old woman and would like to purchase an annuity that will provide a
lifetime income stream beginning at age sixty. Which of the following did she NOT
buy?
an immediate annuity
3 multiple choice options
the situation in which a group of physicians are salaried employees and conduct
business in an hmo facility is called
closed panel
3 multiple choice options
,T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
3 multiple choice options
an application for medicare supplement coverage may not be denied by the insurer if
the application was submitted within ______ month(s) after the applicant reaches the
age 65
six
3 multiple choice options
when a policyowner cash surrenders a universal life insurance policy in its early years,
this may be considered a red flag for a(n)
anti money laundering violation
3 multiple choice options
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
3 multiple choice options
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
, 3 multiple choice options
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
3 multiple choice options
D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the
insurer likely proceed with?
extended term
3 multiple choice options
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
3 multiple choice options
which of the following statements is correct regarding an employer/employee group
health plan
the employer receives a master policy and the employees receive certificates
3 multiple choice options
