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Florida 2-15 Insurance Exam Test Bank with Verified Answers| Latest 2024/2025

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Florida 2-15 Insurance Exam Test Bank with Verified Answers. What type of insurance contract contains unequal contingencies on the potential for profit or loss on both parties in the contract? ️ Aleatory of contract There is an element of chance for both parties. Dollar given by policy holder (premiums) and the insurer (benefits) may not be equal Every licensee must notify the Department of Financial Services within ____ days after changing his or her name, residence, and/or principal ...

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Florida 2-15 Social Insurance Quiz with complete solutions |Latest 2024/2025

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Florida 2-15 Social Insurance Quiz with complete solutions. What Medicare part provides a prescription drugs benefit? ️ Part D An insured with Medicare Part D has reached the initial benefit limit and must now pay a portion of prescription drugs cost. What is the term for this gap in coverage? ️ The donut hole What is another name for Medicare Advantage plans? ️ Part C Who qualifies for Medicare? ️ People 65 years or older, people with permanent kidney failure, person who has bee...

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Florida 2-15 Life and Health Insurance Exam| 200 Questions with Approved Answers |Latest 2024/2025

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Florida 2-15 Life and Health Insurance Exam| 200 Questions with Approved Answers. Which of these arrangements allows one to bypass insurable interest laws? ️ Investor-Originated Life Insurance What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? ️ Irrevocable beneficiary The Florida Employee Health Care Access Act was established to make ️ group health insurance available to employer with up to ...

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Florida Life and Health Insurance 2-15 Study Exam|165 Questions with Verified Answers |Latest 2024/2025

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Florida Life and Health Insurance 2-15 Study Exam|165 Questions with Verified Answers. N is covered by a Term Life policy and does not make the required premium payment which was due August 1. N dies September 15. What action will the insurer take? ️ Claim will be denied. A contract where one party either accepts or rejects the terms of a contract written by another party is called a contract of ️ adhesion All of the following statements about Major Medical benefits are true, EXCEPT:...

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Florida 2-15 Insurance Exam Prep Quiz with correct Answers |Latest 2024/2025

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Florida 2-15 Insurance Exam Prep Quiz with correct Answers. In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? ️ 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. ️ general buyer's guide; policy summary The Incontestable Clause states t...

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Florida 2-15 Insurance Exam Sample Questions with correct solutions |Latest 2024/2025

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Florida 2-15 Insurance Exam Sample Questions with correct solutions. A medigap policy is a Medicare supplement insurance policy sold by private insurance companies to : ️ Fill the gaps in medicare part a and b Generally Noncontributory group health plans require what percentage of participation by eligible members ? ️ 100% Are there certain standards and procedures that must be followed in order to make reccomendations for annuity products to consumers age 65 and older? EXCEPT some f...

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Florida 2-15 Insurance Exam Review 100 Questions with Verified Answers |Latest 2024/2025

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Florida 2-15 Insurance Exam Review 100 Questions with Verified Answers. In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur ️ C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risk...

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Florida 2-15 Insurance Exam Terms with complete solutions |Latest 2024/2025

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Florida 2-15 Insurance Exam Terms with complete solutions. Insurance ️ Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance ️ Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Health Insurance ️ Evolved from scientific principles to provide funds fo...

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Florida 2-15 Insurance Exam| 150 Questions with Approved Answers| Latest 2024/2025

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Florida 2-15 Insurance Exam| 150 Questions with Approved Answers 2024. A Supplementary Medical Expense policy combines the benefits of what two types of plans? ️ Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? ️ They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? ️ Benefits are paid directly to the hospital When benefits are paid to a policyowner covered under a...

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TDLR (Texas Department of Licensing and Regulation) Eyelash Extension exams PACKAGE DEAL | BUNDLE contains the latest exams, practice test, sample quiz, reviews, test bank and updated study guide - Everything you need to pass TDLR Lash extension is here!

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TDLR (Texas Department of Licensing and Regulation) Eyelash Extension exams PACKAGE DEAL | BUNDLE contains the latest exams, practice test, sample quiz, reviews, test bank and updated study guide - Everything you need to pass TDLR Lash extension is here!

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