Florida life Study guides, Class notes & Summaries

OECD - Purpose Specification Answer The purposes for which personal data are collected should be specified not later than at the time of collection and the subsequent use limited to the fulfilment of those purposes as specified o each occasion of change of purpose. What is the fundamental basis of the relationship between employer and employee in the U.S. Answer Contract Law Information Life Cycle Phases Answer 1. Collect/Derive 2. Use/Process 3. Disclose/Transfer 4. Store/Retain/Arc...

Within how many days must a licensee notify the Department of Financial Services of a change in address? - Answer-30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - Answer-An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - Answer-The amount of premium collected at this location Florida requires that an ins...

Insured - Answer-The person covered by the insurance policy. Rider - Answer-A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - Answer-A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? - Answer-The Fair Credit Reporting Act. What are the three types of agent authority? - Answer-Imp...

FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED VERIFID BY EXPERTS

Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer- Misrepresentation Who owns a stock company? - Answer- A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Answer- Coercion Which of these options can an individual use their medical flexible spending account to pay for? - Answer- Prescription drugs are an allowable e...

Florida Life and Health Insurance Latest Update Graded A+ Insured The person covered by the insurance policy. Rider A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act. What are the three types of agent authority...

Final Exam - Florida Life and Health Questions and Answers Rated A Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? Misrepresentation Who owns a stock company? A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? Coercion Which of these options can an individual use their medical flexible spending account to pay for? Prescription dr...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...

2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!

Florida Life and Health Insurance/Answered/A+ Rated Insured The person covered by the insurance policy. Rider A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? The Fair Credit Reporting Act. What are the three types of agent auth...