FL L&H

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penalty for not disclosing change in name or address in 30 days (agent) 118

250 first offense

how long to retain insurance advertisements 116

3 years

agent has crime punishible by 1 year, how many days to notify insurance department?

30 days

medicare supplement free look period

30 days

An employee will be taxed on the cost of group life insurance paid by the employer if the amount of coverage exceeds

50000

A paid-up nonforfeiture benefit will become effective as specified in the policy, unless the person entitled elects another available option within how many days after the due date of the premium in default?

60

In life policies issued in this state, insurers are permitted to charge interest during the policy grace period for the number of days elapsing before the premium is paid. What is the maximum annual interest rate?

8%

claim is made in grace period, insurer can deduct how much interest (137)

8%

how long for proof of loss

90 days

If an insurance company offers Medicare supplement policies, it must offer which of the following plans?

A

if insurance company offers medicare supplement, myst offer (132)

A

intermediate care (LTC) 97

Not skilled, but greater than custodial. adult day care

In long-term care insurance, what type of care is provided with intermediate care?

Occasional nursing or rehabilitative care

another name for social security benefits

Old Age, Survivors, and Disability Insurance

Which document helps ensure that full and fair disclosure is provided to the recipient of a policy?

Outline of Coverage

sell variable life insurance policies, an agent must receive all of the following EXCEPT

SEC registration

Which of the following is NOT covered under Plan A in Medigap insurance?

The Medicare Part A deductible

When an insurer appoints an agent,

The insurer is bound by the agent's acts.

An insured has chosen joint and 2/3 survivor as the settlement option. What does this mean to the beneficiaries?

The surviving beneficiary will continue receiving 2/3 of the benefit paid when both beneficiaries were alive.

What is the purpose of a disclosure statement in life insurance policies?

To explain features and benefits of a proposed policy to the consumer

irs requires corridor or gap on which insurance 52

Universal life - A

Which of the following types of policies allows for a flexible premium and a variable investment component?

Variable universal life insurance

In which Medicare supplemental policies are the core benefits found?

all plans

Current assumption life

another name for interest-sensitive whole life insurance

All of the following information about a customer must be used in determining annuity suitability EXCEPT

beneficiary age

conditional contract 54

both parties are required to perform tasks

policy loans can only be made on policies with 48

cash value

what is a Special Risk Policy

covers unusual risks that are NOT normally included under Accidental Death and Dismemberment coverage

considered qualifying under cobra

divorce, death

Attending Physician's Statement

document describes an insured's medical history, including diagnoses and treatments

things insurer will not cover are stated in

exclusion clause

Circulating deceptive sales material to the public is what type of Unfair Trade Practice?

false advertising

hmo operate through- 112

group enrollment system. at place of employment or or member of association

flexible spending account 93

has limits on contributions

agreement between an insured and an insurer, where the insurer agrees to indemnify the insured for specific losses in exchange for a premium

insurance contract

medicare covers home nursing care when

it is only part of treatment for covered injury or illness

own occupation is

less restrictive

which two terms are associated directly with premium

level or flexible

universal life option A has

level premium, increasing cash value

minimum schedule in individual disability 70

monthly

does general disability cover accidents overseas residents?

no

In all health care plans under the Affordable Care Act (ACA), how many essential benefit categories are there?

10

free look term in fl

14 days

The continuation of coverage provision allows terminated employees to continue coverage under a group health insurance plan for up to

18 months

disability calculates income over 39

2 years

Which of the following is true regarding branch agency licensing?

Agent in charge must be licensed.

The LEAST expensive first-year premium is found in which of the following policies?

Annually Renewable Term

In an annuity, the accumulated money is converted into a stream of income during which time period?

Annuitization period

At what point must an Outline of Coverage be delivered?

At the time of application or upon delivery of the policy

Which of the following was designed to ensure continued access to affordable health insurance coverage for employees of small employers, their dependents, and other qualified beneficiaries not currently protected by COBRA?

Florida Health Insurance Coverage Continuation Act

Life income joint and survivor settlement option guarantees

Income for 2 or more recipients until they die.

Which of the following entities must approve all Medicare supplement advertisements?

Insurance Commissioner or Director

A guaranteed renewable disability insurance policy

Is renewable at the insured's option to a specified age.

In a group health policy, a probationary period is intended for people who

Join the group after the effective date.

A policy will pay the death benefit if the insured dies during the 20-year premium-paying period, and nothing if death occurs after the 20-year period. What type of policy is this?

level term

In a long-term care policy, pre-existing condition limitations

Must appear as a separate paragraph and be clearly labeled.

Equity indexed annuities seek

Seek higher returns

Shortly after a replacement transaction on a Medicare supplement policy, the insured decided to cancel the policy, but is unsure whether the free-look provision applies. The insured could find that information in the

notice regarding replacement

2 offices of the financial services comission

office of financial reg, office of insurance reg

Unilateral Contract

only insurer is bound to a duty

life settlement broker represents 59

owner

critical illness health insurance poliy

pays lump sum if heart attack or stroke

automatic premium loan

pays premium from cash value

what determines the cash value of a variable life policy

performance of the portfolio

key person taxation 45

premium not deductible, benefit tax free

business overhead taxation

premiums are deductible, benefits are taxed

Target premium

prevent universal life from lapsing

Shoppers guide must be presented

prior to application

plan where employer can contribute whenever a profit is realized

profit sharing plan

what do insurance companies use to protect from catastrophic losses 107

reinsurance

benefit of extended term 72

same face amount. highest amount of protection

insurance company not pay for suicide?

specific amount of time. after a while it becomes covered

When an applicant applies for Medicare supplement insurance, whose responsibility is it to confirm whether the applicant has an accident or sickness insurance policy in force?

the insurer

annuity period

time which money is converted into income payments

absolute assignment 63

transfer of all rights

how many times can a insurer have a person examined during a claim 60

unlimited


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