Part 11

#109. The minimum age for purchasing life insurance policy in Florida is a)No age minimum. b)15. c)18. d)21.

b)15.

A child is dependent upon her parents for support because of a physical disability. Coverage may be continued beyond the normal limiting age when the child: a) Is incapable of self-sustaning employment b) Cannot afford coverage on her own c) Becomes an inpatient at a hospital due to an emergency situation d) Becomes a full-time student

a) Is incapable of self-sustaining employment

#103. Which of the following may NOT be included in an insurance company's advertisement? a) That its policies are covered by a state Guaranty Association b) The policies' limitations or exclusions c) The name of a specific agent d) An identification of a limited policy as a limited policy

a) That its policies are covered by a state Guaranty Association

#101. All of the following are requirements for life insurance illustrations EXCEPT a) They must identify nonguaranteed values. b) They must differentiate between guaranteed and projected amounts. c) They must be part of the contract. d) They may only be used as approved.

c) They must be part of the contract.

#104. A corporation can be considered a "small group employer" if it has at least one and a maximum of how many employees? a)20 b)30 c)40 d)50

d) 50

#106. Which of the following dates must be contained in a policy summary? a) The date the application was signed b) The date that the policy was issued c) The date that the producer was licensed d) The date the summary was prepared

d) The date the summary was prepared

#105. If an employee is accepted into a group insurance plan, which status will the employee have? a) Co-owner b) Dependent c) Certificate holder d) Policyholder

c) Certificate holder

#102. An insured submits a proof of loss form within 10 days of a loss. The insurer, however, does not acknowledge the form for 3 months. Which of the following violations has the insurer committed? a) Inappropriate delay b) Dragging c) Unfair claims settlement d) Rebating

c) Unfair claims settlement

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: a) Buyer's Guide B) Certificate of coverage c) Notice Regarding Replacement d) Policy Application

c) Notice Regarding Replacement

#108. What are the 2 offices of the Financial Services Commission? a) The Department of Insurance and the Department of Finance b) The Office of Insurance Regulation and the NAIC c) The Office of Financial Regulation and the Office of Insurance Regulation d) The Legislative Office and the State Court Office

c) The Office of Financial Regulation and the Office of Insurance Regulation