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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?


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