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XCEL Florida Life And Health Exam Simulator Includes Accurate And Verified Questions Tailored For Life, Health, Property, And Casualty Insurance Licensing Exams Across Various States. It Mirrors The Actual Testing Experience With Modules On Insurance Terms, Policy Types, Underwriting, State-Specific Regulations, Ethics, And Claims Handling
In Florida which the following practitioners normally do not receive payment from health insurance policies? - ANSWER- Naturopath
J purchase a disability income policy that only Jay can terminate and on which the rate will never increase above those illustrated in the policy. Which of the following types of policies did J purchase? - ANSWER-Noncancelable
The provision in a group health policy that allows the insurer to postpone coverage for a covered illness 30 days after the policy's effective date is a reference to as the? - ANSWER- Waiting period
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Nonprofit life insurance providers that are covered by special section in Florida insurance code are called? - ANSWER- Fraternal Life insurance organizations
Which of the following is true if the owner of IRA names their spouse as beneficiary, but then dies before any distributions are made? - ANSWER-The account can be rolled into a surviving spouse's IRA
According to Florida law group life insurance conversion privilege must not? - ANSWER-Require evidence of insurability
L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers that L had understated her age on the application. Under the Misstatement of age provision, the insurer will? - ANSWER-Adjust the death benefit to reduced amount.
The waiting period for a pre-existing condition under a Medicare supplement policy may NOT go beyond? - ANSWER-
- months
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Which of the following statements is correct about accelerated death benefits? - ANSWER-Must have terminal illness to qualify.
Any charges made on an insurance application requires the initial of whom ? - ANSWER-Applicant
What is the exercise tax rate the I RS imposes on individuals ages 70 1/2 or older who do not take the required minimum distribution's from their qualified retirement plan? - ANSWER- 50%
Which of the following characteristics is correct about interest sensitive whole life? - ANSWER-There is a flexible premium payment
What type of renewability guarantees premium rates and renewability ? - ANSWER-Noncancellable
If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who dies first, where are the death proceed to the directed under the uniform 3 / 4
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simultaneous death act? - ANSWER-Insured's contingent beneficiary.
A policy owner is able to choose the frequency of premium payment through what policy feature? - ANSWER-Premium mode
Which of the following cost would a basic hospital/surgical policy likely cover? - ANSWER-Surgically removing a facial birthmark.
In Florida, agents are allowed to engage in rebating if? - ANSWER-Offered to all insureds in the same actuarial class.Which of the following statements about guaranteed renewable health insurance policy is correct? - ANSWER-Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - ANSWER-Buyers guide and policy summary
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