Life practice questions (florida)All of the following provisions must be included in group life insurance policies issued in this state EXCEPT:

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

Which of the following situations is considered rebating?

A producer returns a portion of the commission to an insured.

Which of the following statements about replacement of existing life insurance is CORRECT?

Both the applicant for insurance and the insurance producer must sign a statement stating whether existing insurance is to be replaced.

Which of the following statements about Credit Life insurance is CORRECT?

It may be provided through a group or individual policy.

The Life Insurance and Annuity Replacement Rule is designed for which of the following purposes?

To ensure that policyowners receive adequate information on which to base a replacement decision

The major difference between a mutual insurance company and a stock insurance company is the:

form of ownership each company is permitted

An individual may obtain a temporary insurance producer's license without passing the licensing examination if the individual:

is a deceased licensed producer's next of kin

All of the following elements must be included in a policy summary given to a purchaser of life insurance EXCEPT the:

names and addresses of each beneficiary

Controlled business is defined as insurance a producer writes on all of the following individuals EXCEPT the producer's:

neighbors

All of the following provisions must be included in group life insurance policies issued in this state EXCEPT:

Suicide

Which of the following persons is authorized to enforce state insurance laws?

The Insurance Commissioner

The Insurance Commissioner may revoke or suspend a producer's license if the producer:

has forged another person's name on an insurance application

In order for nonresident applicants to be eligible for an insurance producer license in this state, they MUST:

hold a like license in another state

A Variable Life contract must contain all of the following provisions EXCEPT:

Accidental Death

The Insurance Commissioner may examine the records of an insurance company at which of the following times?

At any time the Insurance Commissioner sees fit

Which of the following statements is CORRECT about insurance producers who fail to satisfy the continuing education requirements?

Their licenses will be terminated.

Which of the following terms may be used in advertisements for life insurance?

Universal Life Plan

An insurance company doing business in this state must operate under:

a certificate of authority

An insurance company formed under the laws of a state other than this state is known as:

a foreign company

An individual who, for the purpose of collecting premiums, acts for another in negotiating a contract of insurance is considered to be:

a producer

An insurance producer who makes false statements that harm the reputation of another insurance company is guilty of:

defamation

A producer may be guilty of misrepresentation if the producer:

tells an insured the deductible on a policy is less than it actually is

All of the following groups are considered eligible for group life insurance EXCEPT:

volunteer religious groups

Which of the following types of insurance policies is EXEMPT from the Life Insurance and Annuity Replacement Rule?

Group Life

In a life policy, a special benefit that prepays a portion of the death benefit during the lifetime of an insured in the event of a specified illness is called:

an acceleration of life insurance benefit

An individual appointed by an insurance company to solicit applications for a policy of insurance on its behalf is known as:

an insurance producer


Ensembles d'études connexes

Science semester 2 multiple choice

View Set

MBA 600: Ch12 Video - Warby Parker

View Set

Futur II (Vermutungen über die Vergangenheit)

View Set

Ethos, Pathos, Logos, Ethos, Pathos, Logos

View Set

Justice Chapter 2: Utilitarianism

View Set

Hypothalamic and Pituitary Disorders

View Set