Florida Life and Health Insurance License Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What item is given to an applicant when an insurer is bound to coverage as of the date of application or medical exam?

Insurance policy
Premium bill
Conditional receipt
Coverage summary

The correct answer is: Conditional receipt

A conditional receipt is given to an applicant when an insurer is bound to coverage as of the date of application or medical exam. An insurance policy is actually issued after the underwriting process is completed and coverage is approved. A premium bill is a statement of the amount owed for insurance coverage and is typically sent after a policy is issued. A coverage summary may be provided by the agent or insurer, but it is not a legally binding document like a conditional receipt.