LIFE INSURANCE
THIS TYPE OF LIFE INSURANCE PROVIDES COVERAGE FOR A SPECIFIC PERIOD OF TIME
WHAT IS TERM LIFE INSURANCE
THIS TYPE OF HEALTH PLAN GENERALLY REQUIRES MEMBERS TO USE A NETWORK OF PROVIDERS
WHAT IS HMO?
THE STATE AGENCY THAT REGULATES INSURANCE COMPANIES AND AGENTS IN FLORIDA
WHAT IS THE FLORIDA DEPARTMENT OF FINANCIAL SERVICES?
THIS PART OF MEDICARE COVERS EXPENSES
WHAT IS MEDICARE PART A?
AN INSURANCE AGENT MUST ALWAYS ACT IN THE BEST INTEREST OF THE CLIENT.
WHAT IS FIDUCIARY RESPONSIBILITY (OR ETHICAL DUTY)?
THIS POLICY COMBINES INSURANCE PROTECTION WITH A CASH VALUE COMPONENT.
WHAT IS WHOLE LIFE INSURANCE?
THE AMOUNT A POLICYHOLDER PAYS BEFORE INSURANCE BEGINS PAYING BENEFITS.
WHAT IS A DEDECTIBLE
THE NUMBER OF CONTINUING EDUCATION HOURS GENERALLY REQUIRE EVERY TWO YEARS FOR FLORIDA INSURANCE AGENTS.
WHAT IS 24 HOURS?
THIS PART OF MEDICARE COVERS PHYSICIANS AND OUTPATIENT SERVICES.
WHAT IS MEDICARE PART B?
MISREPRESENTING A POLICY TO MAKE A SALE IS CONSIDERED THIS UNETHICAL PRACTICE.
THE PERSON OR ENTITY RECIEVING THE DEATH BENEFIT IS CALLED THIS.
WHO IS THE BENEFICIARY?
COVERAGE FOR ILLNESSES OR INJURIES THAT EXISTED BEFORE A POLICY WAS ISSUED ARE CALLED THESE.
WHAT ARE PRE-EXISTING CONDITIONS?
AN INSURANCE LICENSE MAY BE REVOKED FOR THIS TYPE OF FRAUDULENT ACTIVITY.
WHAT IS INSURANCE FRAUD?
MEDICARE ADVANTAGE PLANS ARE ALSO KNOWN BY THIS LETTER DEGSIGNATION
WHAT ARE PART C PLANS?
SHARING CONFIDENTIAL CLIENT INFORMATION VIOLATES THSI ETHICAL PRINCIPLE.
WHAT IS CONFIDENTIALITY?
A POLICY LOAN IS TAKEN AGAINST THIS PART OF A PERMANENT LIFE POLICY.
WHAT IS CASH VALUE?
THIS PROVISION ALLOWS A DEPENDENT CHILD TO REMAIN ON A PARENT'S HEALTH PLAN UNTIL THIS AGE.
WHAT IS AGE 26?
TWISTING IS ILLEGAL PRACTICE OF DOING THIS
WHAT IS REPLACING A CLIENT'S POLICY THROUGH MISLEAD INFORMATION.
A MEDICARE SUPPLEMENT POLICY IS COMMONLY CALLED THIS.
WHAT IS MEDIGAP?
ACCEPTING PREMIUMS WITHOUT SUBMITTING THE APPLICATION MAY BE CONSIDERED THIS VIOLATION.
WHAT IS CONVERSION OR MISAPPROPRIATION OF FUNDS?
THIS DOCTRINE STATES THAT AN APPLICANT AND INSURER MUST DISCLOSE ALL MATERIAL FACTS.
WHAT IS UTMOST GOOD FAITH?
COBRA ALLOWS ELIGIBLE EMPLOYEES TO DO THIS AFTER LOSING EMPLOYER SPONSORED COVERAGE.
WHAT IS CONTINUE THEIR HEALTH INSURANCE TEMPORARILY?
THE PURPOSE OF THE FLORIDA GUARANTY ASSOCIATION IS TO PROVIDE THIS PROTECTION.
WHAT IS PROTECTION FOR POLICY HOLDERS IF AN INSURER BECOMES INSOLVENT?
PRESCRIPTION DRUG COVERAGE IS PROVIDED UNDER THIS PART OF MEDICARE
WHAT IS MEDICARE PART D?
THE FOUNDATION OF ETHICAL INSURANCE SALES IS THIS PRINCIPLE OF PUTTING THE CLIENTS NEEDS BEFORE PERSONAL GAIN.
WHAT IS ACTING IN THE CLIENT'S BEST INTEREST?