Fl State Health And Life Insurance Practice Exam Part 1 Questions And Answers

The insuring Clause {Ans: States the scope and limits of the coverage}A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time? {Ans: 48 Months}Which of the following statements BEST describes dental care indemnity coverage? {Ans: Services are reimbursed after insurer receives the invoice}What type of life policy has a death benefit that adjusts periodically and is written for a specific period of time? {Ans: Decreasing Term}Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take? {Ans: Return to the customer, collect a new check made out to the insurance company, and send the new check out to the insurance company}When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? {Ans: Change of Occupation Provision}Which Unfair Trade