Florida Insurance Exam quiz and answers
The clause identifying which losses resulting from an accident or sickness are insured by the policy is
called the: - Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the application. She is
given a receipt by the agent stating that coverage begins immediately if the application is approved.
What kind of receipt was used? - Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: - Investor-Originated
Life Insurance
Which of the following health policy provisions states that the producer does NOT have the authority to
change the policy or waive any of its provisions? - Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100%
premium refund? - 30
Which of the following is NOT an unfair claim settlement practice? - Needing written documentation of
claim details
Who is NOT required to sign a life insurance application? - Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: - any
occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): - Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - beneficiary