Fl 2-15 Life, Health Insurance License Exam Answers Pd

An immediate annuity is designed to provide income: {Ans: Immediately.}Under the surgical schedule method of a basic medical expense plan, every procedure: {Ans: is assigned a dollar amount by the insurer.}Once an organization has filed an application to conduct insurance business, the Office of Insurance Regulation will begin its review for issuing a(n): {Ans: Certificate of Authority}Which of the following is NOT a type of permanent life insurance? {Ans: Term Life}If an insurance company reimburses the insured for medical expenses, can the insured deduct that amount from their federal income tax? {Ans: NO}___________ refers to the monies set aside by insurers for future claims costs. {Ans: Reserve funds}HMOs reimburse their insureds for covered medical expenses. {Ans: FALSE}If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. {Ans: FALSE}The "currently insured" classification under Social Security limits survivorship benefits. In order to be eligible for Social Security survivor benefits, a person must have earned _________________ period ending with the quarter in which the worker died. {Ans: six credits during the 13-quarter}Which of the following