Quiz_________________?
$1,000 -
ANSWER✅
A health plan with a $5-per-point conversion factor would pay _______ for a 200-point
procedure.
Quiz_________________?
$1,000 plus. -
ANSWER✅
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
Quiz_________________?
$2,000 -
ANSWER✅
Bob's life insurance policy cash value is $10,000 and he has paid $8,000 in premiums. He
now wants to surrender the policy for its cash value. How much is considered taxable?
1
, Quiz_________________?
$5 -
ANSWER✅
If an annuitant owns 300 annuity units and receives $1,500 a month, what is the value of
each annuity unit?
Quiz_________________?
$50,000 -
ANSWER✅
An agent engaged in churning as a result of fraudulent conduct is subject to a fine of
________ for each willful violation. (2012)
Quiz_________________?
$400 -
ANSWER✅
Toni decides to take a special vacation on her 40th birthday and withdraws $4,000 from her
IRA. What penalty will she be subject to on the amount withdrawn?
Quiz_________________?
14 days -
ANSWER✅
What is the Free Look Period for annuity contracts?
2
, Quiz_________________?
15 -
ANSWER✅
In Florida, a child must be at least ____ years of age to sign a life insurance application.
Quiz_________________?
15 DAYS -
ANSWER✅
Under the Unfair Trade Practices Act, claim forms must be sent to the insured within
_______ from the date a claim is reported.
Quiz_________________?
18 months -
ANSWER✅
COBRA provides health benefit extensions for ____________ after employment is
terminated.
Quiz_________________?
20% -
ANSWER✅
Disability insurance provides an income stream for an individual who is unable to continue
working due to accident or illness. However, if a person is under ______ disabled, he/she
does not qualify for benefits.
Quiz_________________?
30 -
3
, ANSWER✅
The Free Look Period for long-term care policies is _______ days.
Quiz_________________?
60 -
ANSWER✅
Florida statutes require licensees to notify the Department in writing within _____ days
after a change of name, residence address, principal business street address, or mailing
address.
Quiz_________________?
60 -
ANSWER✅
Medicare patients have a lifetime reserve of ________ days of hospital coverage.
Quiz_________________?
65 -
ANSWER✅
In order to qualify for Medicaid benefits, applicants must be at least age ____, blind or
disabled, and meet other eligibility requirements.
Quiz_________________?
65 or older. -
ANSWER✅
With regard to annuity investments by seniors, "senior consumers" are typically defined as
those individuals who are age:
4
$1,000 -
ANSWER✅
A health plan with a $5-per-point conversion factor would pay _______ for a 200-point
procedure.
Quiz_________________?
$1,000 plus. -
ANSWER✅
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
Quiz_________________?
$2,000 -
ANSWER✅
Bob's life insurance policy cash value is $10,000 and he has paid $8,000 in premiums. He
now wants to surrender the policy for its cash value. How much is considered taxable?
1
, Quiz_________________?
$5 -
ANSWER✅
If an annuitant owns 300 annuity units and receives $1,500 a month, what is the value of
each annuity unit?
Quiz_________________?
$50,000 -
ANSWER✅
An agent engaged in churning as a result of fraudulent conduct is subject to a fine of
________ for each willful violation. (2012)
Quiz_________________?
$400 -
ANSWER✅
Toni decides to take a special vacation on her 40th birthday and withdraws $4,000 from her
IRA. What penalty will she be subject to on the amount withdrawn?
Quiz_________________?
14 days -
ANSWER✅
What is the Free Look Period for annuity contracts?
2
, Quiz_________________?
15 -
ANSWER✅
In Florida, a child must be at least ____ years of age to sign a life insurance application.
Quiz_________________?
15 DAYS -
ANSWER✅
Under the Unfair Trade Practices Act, claim forms must be sent to the insured within
_______ from the date a claim is reported.
Quiz_________________?
18 months -
ANSWER✅
COBRA provides health benefit extensions for ____________ after employment is
terminated.
Quiz_________________?
20% -
ANSWER✅
Disability insurance provides an income stream for an individual who is unable to continue
working due to accident or illness. However, if a person is under ______ disabled, he/she
does not qualify for benefits.
Quiz_________________?
30 -
3
, ANSWER✅
The Free Look Period for long-term care policies is _______ days.
Quiz_________________?
60 -
ANSWER✅
Florida statutes require licensees to notify the Department in writing within _____ days
after a change of name, residence address, principal business street address, or mailing
address.
Quiz_________________?
60 -
ANSWER✅
Medicare patients have a lifetime reserve of ________ days of hospital coverage.
Quiz_________________?
65 -
ANSWER✅
In order to qualify for Medicaid benefits, applicants must be at least age ____, blind or
disabled, and meet other eligibility requirements.
Quiz_________________?
65 or older. -
ANSWER✅
With regard to annuity investments by seniors, "senior consumers" are typically defined as
those individuals who are age:
4
