only if the child is incapable of employment and chiefly dependent on the policyowner(Correct.) Coverage may be extended if the handicapped child is incapable of employment and chiefly dependent on the policyowner.
  • Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent
  • Employers with less than __ employees are affected by Florida's Health Insurance Coverage Continuation Act (Mini COBRA).
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
  • Which of the following is NOT a consequence for placing business with an unauthorized insurer?
viatical settlement provider("viatical settlement provider". To receive a percentage of the policy face value, an owner of a life policy may sell the policy to a viatical settlement provider.
  • Nonprofit life insurance providers that are covered by a special section in the Florida insurance code are called
  • A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.
  • Association Plans that are designed to provide health benefits to their members are regulated by the state because
  • The Life and Health Insurance Guaranty Association is
48 months(Correct.) An agent's license will terminate if the agent allows 48 months to elapse without being appointed for the class or classes of insurance listed on the license.
  • Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency?
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
  • Florida requires that an insurance agent must complete __ hours of continuing education on the subject of law and ethics every two years.
  • A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time?
0%("0%". Most noncontributory group health plans require 100% participation by eligible members. Under Florida law, there is no specific minimum percentage participation for employees covered by employee group health insurance.
  • Which of the following is a standard provision of the conversion privileges in a Group Life policy?
  • A group plan was recently terminated. In Florida, how many days are covered individuals guaranteed coverage after a group plan's termination?
  • What is the required minimum percentage of employee participation for a noncontributory group health insurance plan according to Florida Law?
  • The Florida Employee Health Care Access Act was established to make
31 days(Correct.) Florida law requires that the minimum grace period on a health insurance policy paid on a quarterly basis is 31 days.
  • In Florida, most life insurance policies have a contestability period of
  • If an agent would like to sell Variable annuities, which state examination must the agent pass?
  • A life policy loan in Florida cannot charge a fixed rate of interest higher than
  • In Florida, a health policy that is paid on a quarterly basis requires a grace period of
offered to all insureds in the same actuarial class("offered to all insureds in the same actuarial class". Rebating is allowed in Florida if the agent rebates insureds in the same actuarial class.
  • In Florida, agents are allowed to engage in rebating if
  • The Financial Services Commission may hold hearings
  • An example of rebating would be
  • Defamation occurs when an agent makes a false statement intended to
Twisting("Twisting". Twisting is the unfair trade practice of replacing an insurance policy from one insurer to another based on misrepresentation.
  • Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?
  • J is an agent who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of?
  • If an agent would like to sell Variable annuities, which state examination must the agent pass?
  • A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?
24("24". A newly licensed agent must complete 24 hours of continuing education every 2 years.
  • How many hours of continuing education must a newly licensed agent complete every two years?
  • During the application process, the agent's primary responsibility is to
  • Which type of insurance company allows their policyowners to elect a governing body?
  • Florida requires that coverage for newborns begins "from the moment of birth" and continues for
for any reason deemed necessary(Correct.) The Financial Services Commission may hold hearings for any purpose within the scope of the insurance code deemed necessary.
  • Defamation occurs when an agent makes a false statement intended to
  • In Florida, agents are allowed to engage in rebating if
  • The Financial Services Commission may hold hearings
  • During the application process, the agent's primary responsibility is to
Twenty(Correct.) Written notice of a claim must be given to the insurer within 20 days.
  • J is an agent who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of?
  • A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?
  • Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?
  • In Florida, most life insurance policies have a contestability period of
Automatic Premium Loan Option(Correct.) An automatic premium loan is not considered a Nonforfeiture Option.
  • During the application process, the agent's primary responsibility is to
  • Which of the following is NOT a consequence for placing business with an unauthorized insurer?
  • Which type of insurance company allows their policyowners to elect a governing body?
  • All of the following are Nonforfeiture Options EXCEPT
The amount of premium collected at this location("The amount of premium collected at this location". The Department of Financial Services does not take into consideration the amount of premium collected at an agent's home when determining whether or not the home is an insurance agency.
  • Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency?
  • Which of the following is NOT a consequence for placing business with an unauthorized insurer?
  • What is the purpose of the Life and Health Insurance Guaranty Association?
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
Life and Variable contracts("Life and Variable contracts". An agent who wants to sell Variable annuities must be licensed by the state which includes examinations in Life and Variable contracts.
  • J is an agent who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of?
  • Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?
  • If an agent would like to sell Variable annuities, which state examination must the agent pass?
  • Nonprofit life insurance providers that are covered by a special section in the Florida insurance code are called
charging for an additional product without the applicant's consent(Correct.) Sliding involves selling additional coverage to an insurance applicant who doesn't want or need it. An agent will often "slide" this additional coverage in without the customer's knowledge or consent.
  • In Florida, agents are allowed to engage in rebating if
  • Defamation occurs when an agent makes a false statement intended to
  • An example of sliding would be
  • What is the purpose of the Life and Health Insurance Guaranty Association?
they are insured by an authorized insurer("they are insured by an authorized insurer". Association Plans must be fully insured by an authorized insurer. The insurer is subject to state regulation.
  • An applicant who pays the initial premium at the time of application is typically given a(n)
  • A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.
  • Association Plans that are designed to provide health benefits to their members are regulated by the state because
  • According to Florida's life insurance replacement laws, a policyowner must be provided with a written Comparison and Summary Statement when it's requested by
20(Correct.) Florida's Mini COBRA regulation entitles individuals to continuation of coverage for groups with less than 20 full-time employees.
  • Florida requires that an insurance agent must complete __ hours of continuing education on the subject of law and ethics every two years.
  • Florida requires that coverage for newborns begins "from the moment of birth" and continues for
  • Employers with less than __ employees are affected by Florida's Health Insurance Coverage Continuation Act (Mini COBRA).
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
funded by admitted insurance companies through assessments("funded by admitted insurance companies through assessments". The Life and Health Insurance Guaranty Association is funded by insurance companies through assessments and will pay claims if an insurance company becomes insolvent.
  • A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.
  • An applicant who pays the initial premium at the time of application is typically given a(n)
  • The Life and Health Insurance Guaranty Association is
  • A stock insurance company
Misrepresentation(Correct.) An agent who tells a client that dividends are guaranteed may be guilty of misrepresentation.
  • Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?
  • A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?
  • Who is a mutual insurance company owned by?
  • Nonprofit life insurance providers that are covered by a special section in the Florida insurance code are called
Protects policyowners against insolvent insurance companies("Protects policyowners against insolvent insurance companies". The Life and Health Insurance Guaranty Association is an association that protects policyowners against insolvent insurance companies.
  • During the application process, the agent's primary responsibility is to
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
  • Which of the following is NOT a consequence for placing business with an unauthorized insurer?
  • What is the purpose of the Life and Health Insurance Guaranty Association?
to an individual policy upon employment termination(Correct.) When an employee covered on a Group Life policy leaves the group, the conversion privilege gives the employee the right to convert to an individual policy upon termination of employment.
  • Florida requires that an insurance agent must complete __ hours of continuing education on the subject of law and ethics every two years.
  • What is the purpose of the Life and Health Insurance Guaranty Association?
  • T is an employee covered under a Group Life policy. If T's employment is terminated, the conversion privilege gives T the right to convert
  • Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent
Its policyholders(Correct.) A mutual insurance company is owned by its policyholders.
  • In Florida, most life insurance policies have a contestability period of
  • If an agent would like to sell Variable annuities, which state examination must the agent pass?
  • Who is a mutual insurance company owned by?
  • A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?
Mutual(Correct.) Policyholders elect the governing bodies of mutual insurance companies.
  • How many hours of continuing education must a newly licensed agent complete every two years?
  • All of the following are Nonforfeiture Options EXCEPT
  • During the application process, the agent's primary responsibility is to
  • Which type of insurance company allows their policyowners to elect a governing body?
malign another insurer(Correct.) Defamation is an unfair trade practice involving false, maliciously critical, or derogatory statements intended to injure a person or company engaged in the insurance business.
  • During the application process, the agent's primary responsibility is to
  • The Financial Services Commission may hold hearings
  • Defamation occurs when an agent makes a false statement intended to
  • In Florida, agents are allowed to engage in rebating if
2 years(Correct.) The maximum contestability period for most life insurance policies is 2 years.
  • A life policy loan in Florida cannot charge a fixed rate of interest higher than
  • In Florida, most life insurance policies have a contestability period of
  • Who is a mutual insurance company owned by?
  • A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?
date of delivery(Correct.) In Florida, the free-look period for life insurance contracts is 14 days from policy delivery.
  • If an agent would like to sell Variable annuities, which state examination must the agent pass?
  • In Florida, a health policy that is paid on a quarterly basis requires a grace period of
  • Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?
  • Florida's 14-day free-look period for life insurance policies begins at the
offering a client something of value not stated in the contract in exchange for their business(Correct.) Rebating can be defined as offering a prospect something of value that is not specified in a contract in order to induce the purchase of that contract.
  • What is the purpose of the Life and Health Insurance Guaranty Association?
  • An example of rebating would be
  • The Financial Services Commission may hold hearings
  • Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent
First degree misdemeanor(Correct.) All of these are possible consequences for placing business with an unauthorized insurer EXCEPT the conviction of a first degree misdemeanor.
  • Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency?
  • Which of the following is NOT a consequence for placing business with an unauthorized insurer?
  • What is the purpose of the Life and Health Insurance Guaranty Association?
  • Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
conditional receipt(Correct.) A conditional receipt is normally given to an applicant who pays the initial premium at the time of application.
  • An applicant who pays the initial premium at the time of application is typically given a(n)
  • A stock insurance company
  • A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.
  • Association Plans that are designed to provide health benefits to their members are regulated by the state because
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