exam fx garuantee ex
change in marital status
Agents in the state are required to properly report all of the following to the department except
not taxable because they are a return of unused premiums
Dividends received on participating life insurance policies are
activities other than soliciting HMO contracts from the public and who receives no commissions or compensation for procuring such contracts
HMO contracts may be sold by a licensed and appointed health insurance agent or a full time salaried employee or officer of an HMO who devotes services to
it transfers the risk to all persons insured
How does insurance distribute the finicial consequences of individual losses?
30
If a licensee changes his or her address, within how many days must the department be notified?
Policyowners minor children or business associates
Policies written on a third-party ownership basis are usually written to cover which of the following
establish a maximum amount of out-of-pocket expense that an insured will have to pay for medical expense in a calendar year
The "stop-loss" feature on a major medical policy is intended to
the annuitant
Which of the following indicates the person upon whose life the annuity income amount is determined
an agent is falsely leading an applicant to believe an additional coverage is required by law.
Which of the following would be an example of unfair trade practice of sliding?
qualifying for medicaid
Which of the following would make a child over the age of 5 ineligible for Florida healthy kids coverage?
the premium is based on the age of each insured
all of the following are true of the Survivorship life policy except
fixed annuities do not provide protection from inflation
which of the following is a correct statement about annuities
legal
an agreement that is enforceable by law is known as what kind of contract
test results must be sent to the department of insurance
which of the following statements regarding HIV testing is not true
single premium immediate annuity
an individual recieves a lump sum inheritance. he'd like to use the money to create lifetime income since hell be retiring soon and wants to receive payments beginning in 2 months.what did he buy?
a minimum fine of $500 or suspension or revocation of his license
Joe moved last year and forgot to notify the department of his change of address. He was charged $250 fine. This year joe moves again and again forgets to notify the department within the required time. What will joes penalty be?
to state what and how much is covered in the plan
What is the purpose of a benefit schedule?
Custodial Care
which of the following meets the insureds personal needs and is provided by nonmedical personnel
next years premiums
The reduction of premium option uses the dividend to reduce
a credit union that needs coverage only for its top 10 employees
Which of the following is not considered eligible for group life insurance
prior to performance of the test
if a life insurance uses HIV testing as part of its underwriting, when must an applicant be notifies of the procedure
part a deductibles
A core medicare supplement policy (PLAN A) will cover all of the following expenses except
elegible to receive full health coverage
An employee had just started working for a small group corporation and works 25 hours per week. the employee is
Misrepresentation
An insurance agent visits a potential client and explains various types of policies. the customer displays a lack of interest, so the agent guarantees higher dividends than he knows would be possible. which term describes what the agent has done?
submit the description in their own words on a plain sheet of paper
insured have the right to o which of the following if they have not received the proper claim forms within 15 days of their notice
has been active for 5 years minimum
in order for an alumni association to be eligible to purchase group health insurance for its members, all these statements must be true except
to allow the business buyout in case of the owners disability
What is the purpose of a disability buy-sell agreement
to provide additional information about the applicant to the underwriters
What is the purpose of the agents report in the application process
all additional provisions written by insurers are cataloged by the respective states
which of the following statements is not true regarding health insurance policy provisions
being permanently disabled
Which of the following would to trigger the payment of accelerated death benefits
Childrens term rider
An insured and his spouse recently had a child, which of the following riders would allow the couple to insure the couple
taxed as ordinary income
Upon the surrender of life insurance policy, any cash value accumulated in excess of the premium payment is
since the insured does not participate in preparing the contract, any ambiguities would be in favor of the insured
What does the application of contract of adhesion mean
insuring clause
The provision that sets forth the basic agreement between the insurer and the insured and states the insure's promise to pay is called
Only if the individual is not identified
When may HIV-related test results be provided to the MIB
whole life without proof of insurability
When an insured terminates memberships in the insured group, the insured can convert to
Florida Law
Who regulates the minimum standards for coverage in health insurance?
States cannot enforce and prosecute federal laws
Why does have Florida state laws regulating Medicare Supplement insurance?
63 days
Within how many days from termination of employment must an insured under a group health insurance policy provide notice to the insurer in order to continue coverage
$10,000
What is the maximum amount of individual life insurance coverage that a person can convert to if the existing group policy has been terminated?
Insurability
Which of the following is not a medicaid qualifier
Fraternal Insurer
An insurer that operates for one or more social, educational, charitable, benevolent, or religious purposes for the benefit of its members is known as
Providing varying coverage to employees in different geographical locations
Insurers offering small employer health insurance are prohibited from
proof of insurability must be provided at each renewal
All of the following are true of annually renewable term insurance except
Attending physicians statements
An underwriter is reviewing an applicant with an extensive medical history. which of the following would give the underwriter knowledge the applicant has been treated for various illnesses
it is an unfair practice to mention the association in advertisements
Which of the following statements is true regarding advertising that the Insurance Guarantee Association would ensure payment of benefits in the event of insurer insolvency?
Medicare Advantage Plans
Which of the following used to be called Medicare + Choice Plans
mental illness
all of the following are excluded from coverage in an individual health insurance policy except
future increase option
the guaranteed purchase option is also referred to as the
reduce the death benefit
what effect will the long term care rider have on the death benefit of a life insurance policy if LTC benefits were paid
replacement rule
which of the following rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase a new one
only an executive officer of the company
with respect to the entire contract clause in health policies, who has the authority the make changes to an existing policy
High premiums
all of the following are features of catastrophic plans except
it does not have a guaranteed death benefit
all of the following statements are true regarding an ordinary straight life policy except
continue to increase
A whole life policy is surrendered for a reduced paid up policy. the cash value in the policy will
a policy is reissued with a reduction in cash value.
according to the life insurance replacement regulations, which of the following would be an example of policy replacement?
