214 Florida Insurance Verified Multiple Choice and Conceptual Actual
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Which type of insurance protects an
agent and even pays claims if a lawsuit
Errors and Omissions Insurance
is brought against the agent as a result
of failing to provide a service to a client?
Which of the following terms is known as
the voluntary relinquishment of a given Waiver
right or privilege?
This Supreme Court case placed the
regulation of insurance within the author-
United States v. Southeastern Underwrit-
ity of the federal government by defining
ers Association (1944)
insurance as a form of interstate com-
merce?
Tim was just hired today by MAB INC
and wants to join the company's group
Probationary period, he can sign up after
insurance policy. What period of time is
90 days
he currently in and when can he join the
plan?
If Justin submitted an initial premium with
his life insurance application, was pro-
vided a conditional receipt by the insur- The date of his application or the day he
ance company and was ultimately issued completed any required medical exam
a policy as applied for, when would his
insurance policy be considered in force?
When dividends are issued, the policy-
owner has the following dividend options Life Income Option
in utilizing a return EXCEPT:
Which two life insurance riders can Bill
purchase to guarantee that his policy
will continue without further commitment Waiver of premium and Disability Income
from him and that income will be paid Riders
to him if he becomes totally and perma-
nently disabled?
In a contributory group plan, what per-
centage of eligible employees must be 75%
covered?
, 214 Florida Insurance Verified Multiple Choice and Conceptual Actual
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Variable annuity units are fixed but the
Which statement regarding annuities is
annuity payment will vary according to
CORRECT?
the value of the annuity unit.
In order to be considered currently in-
sured and thus eligible for limited sur-
vivor benefits from Social Security, a
6
worker must have earned credits
during the 13-quarter period ending with
the quarter in which the worker died.
Old Age Survivors and Disability Insur-
Social security is also known as:
ance (OASDI)
Insurance is not intended to protect
Speculative Risk
against?
Under a family plan life insurance poli-
cy, coverage on the breadwinner is often
Whole Life
provided by which of the following insur-
ance types?
If the annuitant dies before the principal
Which of the following statements re- sum is depleted, the Refund Life Annuity
garding annuity settlement or payout op- Option will pay the entire annuity amount
tions is NOT true? to the beneficiary in a lump sum payment
or over scheduled installments.
The following statements regarding
Plans rarely have a matching contribu-
401(k) retirement plans are correct EX-
tion component by an employer
CEPT:
If the insurance coverage is less than
All of the statements below pertaining
$75,000, employees do not have to re-
to group life insurance are correct EX-
port the employer-paid premiums as in-
CEPT:
come
According to Florida Statues, entering
into any agreement to commit any act of
Coercion
intimidation resulting in the business of
insurance is known as:
William, age 67, has owned his life in-
surance policy for the past 15 years and
has mailed his monthly premiums to his
, 214 Florida Insurance Verified Multiple Choice and Conceptual Actual
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
life insurance company. Last month he
The insurer will provide notification of
failed to mail the monthly payment on his
impending lapse in coverage, and allow
premium due date as well as during his
at least 21 additional days beyond the
policy's grace period. As a result, which
grace period to make a payment to pre-
of the following scenarios will MOST like-
vent the policy from lapse
ly occur?
Before executing an exchange of an an-
nuity contract resulting from a recom-
mendation to a senior consumer, an in-
surance agent should make reasonable
efforts to obtain information from the ap-
plicant concerning the suitability of the Within 10 days
recommendation on an approved form,
which upon completion, must be signed
by the applicant and agent. Within what
period of time must an agent submit this
form to the insurer once it is complete?
Shelly is considered to be terminally ill
and has decided to sell her life insur-
ance policy in exchange for living bene-
fits to fulfill some final comforts and ex-
penses before her death. In selling her
Viator
life insurance policy, Shelly is referred
to as a(n) and she will receive
a percentage of her life policy's face
amount in exchange for ownership of her
policy.
Which of the following is NOT a type of
Unemployment
speculative risk?
Which agency collects and provides re-
liable medical information regarding an The MIB
applicant's health history?
Tonya failed to pay her life policy's premi-
Tonya is within her grace period and can
um on the date in which it is normally due
pay her premium up to 30 or 31 days after
and is currently 23 days late. As a result
the date in which the premium is normal-
of her policy's grace period provision,
ly due; however, she does not need to
which outcome will occur?
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Which type of insurance protects an
agent and even pays claims if a lawsuit
Errors and Omissions Insurance
is brought against the agent as a result
of failing to provide a service to a client?
Which of the following terms is known as
the voluntary relinquishment of a given Waiver
right or privilege?
This Supreme Court case placed the
regulation of insurance within the author-
United States v. Southeastern Underwrit-
ity of the federal government by defining
ers Association (1944)
insurance as a form of interstate com-
merce?
Tim was just hired today by MAB INC
and wants to join the company's group
Probationary period, he can sign up after
insurance policy. What period of time is
90 days
he currently in and when can he join the
plan?
If Justin submitted an initial premium with
his life insurance application, was pro-
vided a conditional receipt by the insur- The date of his application or the day he
ance company and was ultimately issued completed any required medical exam
a policy as applied for, when would his
insurance policy be considered in force?
When dividends are issued, the policy-
owner has the following dividend options Life Income Option
in utilizing a return EXCEPT:
Which two life insurance riders can Bill
purchase to guarantee that his policy
will continue without further commitment Waiver of premium and Disability Income
from him and that income will be paid Riders
to him if he becomes totally and perma-
nently disabled?
In a contributory group plan, what per-
centage of eligible employees must be 75%
covered?
, 214 Florida Insurance Verified Multiple Choice and Conceptual Actual
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
Variable annuity units are fixed but the
Which statement regarding annuities is
annuity payment will vary according to
CORRECT?
the value of the annuity unit.
In order to be considered currently in-
sured and thus eligible for limited sur-
vivor benefits from Social Security, a
6
worker must have earned credits
during the 13-quarter period ending with
the quarter in which the worker died.
Old Age Survivors and Disability Insur-
Social security is also known as:
ance (OASDI)
Insurance is not intended to protect
Speculative Risk
against?
Under a family plan life insurance poli-
cy, coverage on the breadwinner is often
Whole Life
provided by which of the following insur-
ance types?
If the annuitant dies before the principal
Which of the following statements re- sum is depleted, the Refund Life Annuity
garding annuity settlement or payout op- Option will pay the entire annuity amount
tions is NOT true? to the beneficiary in a lump sum payment
or over scheduled installments.
The following statements regarding
Plans rarely have a matching contribu-
401(k) retirement plans are correct EX-
tion component by an employer
CEPT:
If the insurance coverage is less than
All of the statements below pertaining
$75,000, employees do not have to re-
to group life insurance are correct EX-
port the employer-paid premiums as in-
CEPT:
come
According to Florida Statues, entering
into any agreement to commit any act of
Coercion
intimidation resulting in the business of
insurance is known as:
William, age 67, has owned his life in-
surance policy for the past 15 years and
has mailed his monthly premiums to his
, 214 Florida Insurance Verified Multiple Choice and Conceptual Actual
Emended Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
life insurance company. Last month he
The insurer will provide notification of
failed to mail the monthly payment on his
impending lapse in coverage, and allow
premium due date as well as during his
at least 21 additional days beyond the
policy's grace period. As a result, which
grace period to make a payment to pre-
of the following scenarios will MOST like-
vent the policy from lapse
ly occur?
Before executing an exchange of an an-
nuity contract resulting from a recom-
mendation to a senior consumer, an in-
surance agent should make reasonable
efforts to obtain information from the ap-
plicant concerning the suitability of the Within 10 days
recommendation on an approved form,
which upon completion, must be signed
by the applicant and agent. Within what
period of time must an agent submit this
form to the insurer once it is complete?
Shelly is considered to be terminally ill
and has decided to sell her life insur-
ance policy in exchange for living bene-
fits to fulfill some final comforts and ex-
penses before her death. In selling her
Viator
life insurance policy, Shelly is referred
to as a(n) and she will receive
a percentage of her life policy's face
amount in exchange for ownership of her
policy.
Which of the following is NOT a type of
Unemployment
speculative risk?
Which agency collects and provides re-
liable medical information regarding an The MIB
applicant's health history?
Tonya failed to pay her life policy's premi-
Tonya is within her grace period and can
um on the date in which it is normally due
pay her premium up to 30 or 31 days after
and is currently 23 days late. As a result
the date in which the premium is normal-
of her policy's grace period provision,
ly due; however, she does not need to
which outcome will occur?
