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Health Insurance 101
Life and Health Insurance Exam 2
Can you answer 25 questions in 10 minutes?



Life and Health Insurance Exam 2 |

1. The minimum age for purchasing life insurance policy in Florida is






2. All of the following statements describe a MEWA EXCEPT






3. Which of the following insurance products will be subject to the regulation on life insurance solicitation?






4. Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event of a loss?






5. A person insured under a group life insurance policy can make an assignment of all or any part of the incidents of ownership conferred on the insured by the policy or by law - to any of the following EXCEPT






6. Which of the following authorities grants and revokes licenses?






7. An applicant signs an application for a $25000 life insurance policy - pays the initial premium - and receives a conditional receipt. If the applicant is killed in an automobile accident the next day -






8. A customer with an existing life insurance contract is considering exchanging it for a newer contract. What Florida insurance regulation should the customer's insurance agent consult?






9. The purpose of managed care health insurance plans is to






10. Which of the following statements is TRUE concerning irrevocable beneficiaries?






11. A paid-up nonforfeiture benefit will become effective as specified in the policy - unless the person entitled elects another available option within how many days after the due date of the premium in default?






12. What is the period of coverage for events such as death or divorce under COBRA?






13. In forming an insurance contract - when does acceptance usually occur?






14. Which of the following protects the insured from an unintentional policy lapse due to a nonpayment of premium?






15. All of the following are requirements for life insurance illustrations EXCEPT






16. All of the following long-term care coverages would allow an insured to receive care at home EXCEPT






17. All of the following are examples of third-party ownership of a life insurance policy EXCEPT






18. An agent delivers a life insurance policy to the proposed insured. The insured makes a decision not to accept the policy. The insured may return the policy for a full refund of premium within how many days?






19. Annually renewable term policies provide a level death benefit for a premium that






20. When an insurer terminates an agent's appointment - the insurer must do all of the following EXCEPT






21. Which of the following is a generic consumer publication that explains life insurance in general terms in order to assist the applicant in the decision-making process?






22. Under special circumstances - continuing education requirements may be extended beyond the 2-year period for a maximum period of






23. An individual has just borrowed $10000 from his bank on a 5-year installment loan requiring monthly payments. What type of life insurance policy would be best suited to this situation?






24. A hospital indemnity policy will pay






25. How are state Insurance Guaranty Associations funded?






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