Term
An insurance company is located in Canada and applies for operation in the State of Florida is know as.
A. Domestic
B. Foreign
C. Alien
D. Admitted |
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Definition
| Answer is C. Alien(2.3.2) |
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Term
An insurance contract is deemed adhesive when the contract is:
A.Unilateral
B. Ambiguous
C. Conditional
D. Aleatory |
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Definition
| The Answer is B. Ambiguous (3.2.2) |
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Term
The applicant is considered competent when the applicant is :
A. Minor
B.Mentally infirm
C.Under the influence of alcohol or drugs
D. Disabled |
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Definition
| The Answer is D. Disabled (3.1.4) |
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Term
What would be paid out under an AD&D policy if an individual became disable due to blindness?
A.50% of the principle sum
B.50% of the capital sum
C. The principle sum
D. The capital sum |
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Definition
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Term
Which condition in a long term care insurance policy would be covered under the terms of the policy?
A. Drug & alcohol dependency
B.Nonorganic mental condition
C.Injury from an act of war
D. Alzheimer's Disease |
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Definition
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Term
When a policy is Guaranteed Renewable, an insurer may not renew coverage for all of the following Except:
A.Non-payment of premium
B.The application was fraudulently submitted
C. Insured reached age 65
D. Change of health conditions |
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Definition
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Term
When can a licensed agent legally rebate a portion of his commission?
A.Same for all insureds in actuarial class
B.Rebating is not allowed
C.When the client needs it
D.Always |
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Definition
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Term
What model best describes an HMO?
A.Service Provider
B.Health care services manager
C.Insurance Company
D. Reimbursement Company |
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Definition
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Term
Under certain circumstances, health insurance under Florida law, in addition to paying for doctor's expenses, will pay for all of the following Except:
A.Dentist
B.Chiropractor
C.Optometrist
D.Naturopath |
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Definition
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