Table of Contents

  • IMPORTANT FACTS YOU NEED TO KNOW
    • Student Verification and Security Pop-Up Questions
    • Florida Study Manual
    • Final Examination
    • Practice Exam Generator
    • Applying For New License
    • The Course Basics
    • Need Help?
    • Frequently Asked Questions (FAQs)
    • Meet Your Instructor
  • LESSON 1: BASIC PRINCIPLES OF LIFE AND HEALTH INSURANCE and THE INSURANCE INDUSTRY
  • 1.1 The Role of Insurance
    • Section 1.1 Quiz
  • 1.2 Industry Overview
  • 1.3 The Nature of Insurance
    • 1.3.1 Risk Pooling
    • 1.3.2 Law of Large Numbers
    • Section 1.3 Quiz
  • 1.4 The Concept of Risk and Risk Management
    • 1.4.1 Speculative and Pure Risks
    • 1.4.2 Perils and Hazards
    • 1.4.3 Treatment of Risk
    • 1.4.4 Elements of Insurable Risk
    • Section 1.4 Quiz
  • 1.5 Private Insurers
    • 1.5.1 Stock Insurers
    • 1.5.2 Mutual Insurers
    • 1.5.3 Assessment Mutual Insurers
    • 1.5.4 Reciprocal Insurers
    • 1.5.5 Lloyd's of London
    • 1.5.6 Reinsurers
    • 1.5.7 Risk Retention Groups
    • 1.5.8 Fraternal Benefit Societies
    • 1.5.9 Home Service Insurers
    • 1.5.10 Service Insurers
    • 1.5.11 Self-Insurers
    • Section 1.5 Quiz
  • 1.6 Government Insurers
  • 1.7 Distribution Systems
    • 1.7.1 Captive vs. Independent Agents
    • 1.7.2 Solicitors, Consultants, and Special Agents
    • 1.7.3 Excess or Rejected Business
    • 1.7.4 Agency Systems
    • 1.7.5 Other Methods of Selling Insurance
    • Section 1.7 Quiz
  • 1.8 History of Regulation
    • 1.8.1 Paul v. Virginia (1868)
    • 1.8.2 United States v. Southeastern Underwriters Association (1944)
    • 1.8.3 The McCarran-Ferguson Act (1945)
    • 1.8.4 Intervention by the FTC (1958)
    • 1.8.5 Intervention by the SEC (1959)
    • 1.8.6 Fair Credit Reporting Act (1970)
    • 1.8.7 Financial Services Modernization Act (1999)
  • 1.9 State Self-Regulation
    • 1.9.1 Domestic Insurer
    • 1.9.2 Foreign Insurer
    • 1.9.3 Alien Insurer
  • 1.10 Marketing and Sales Practices
    • 1.10.1 Needs-Based Selling
    • 1.10.2 Full and Accurate Disclosure
    • 1.10.3 Client Service Follow-up
    • Section 1.10 Quiz
  • 1.11 Prohibited Practices
    • 1.11.1 Policy Replacement
    • 1.11.2 Twisting
    • 1.11.3 Churning
    • 1.11.4 Misrepresentation
    • 1.11.5 Misuse of Premiums
    • 1.11.6 Rebating
    • Section 1.11 Quiz
  • 1.12 Regulatory Associations
    • 1.12.1 National Association of Insurance Commissioners (NAIC)
    • 1.12.2 Florida Life and Health Guaranty Association
    • 1.12.3 NAIFA & NAHU
    • Section 1.12 Quiz
  • 1.13 Independent Rating Services
  • Lesson 1 Review
    • Key Concepts
    • Lesson 1 Quiz
  • LESSON 2: LEGAL CONCEPTS OF THE INSURANCE CONTRACT
  • 2.1 Elements of the Contract
    • 2.1.1 Offer and Acceptance
    • 2.1.2 Consideration
    • 2.1.3 Legal Purpose
    • 2.1.4 Competent Parties
    • Section 2.1 Quiz
  • 2.2 Special Features of the Insurance Contract
    • 2.2.1 Aleatory
    • 2.2.2 Adhesion
    • 2.2.3 Unilateral
    • 2.2.4 Value vs. Indemnity
    • 2.2.5 Insurable Interest
    • Section 2.2 Quiz
  • 2.3 Agents and Brokers
    • 2.3.1 Agent Authority
    • 2.3.2 Fiduciary Responsibilities
    • Section 2.3 Quiz
  • 2.4 Other Legal Concepts
  • Lesson 2 Review
    • Key Concepts
    • Lesson 2 Quiz
  • LESSON 3: LIFE INSURANCE POLICIES, PROVISIONS, OPTIONS AND RIDERS
  • 3.1 Categories of Life Insurance
    • 3.1.1 Ordinary Life Insurance
    • 3.1.2 Industrial Life Insurance
    • 3.1.3 Group Insurance
    • Section 3.1 Quiz
  • 3.2 Term Life Insurance
    • 3.2.1 Term Life Premiums
    • 3.2.2 Level Term
    • 3.2.3 Decreasing Term
    • 3.2.4 Increasing Term
    • Section 3.2 Quiz
  • 3.3 Option To Renew and Option To Convert
  • 3.4 Whole Life (Permanent) Insurance
  • 3.5 Endowment Policies
    • 3.5.1 Endowment Premiums
    • 3.5.2 Modified Endowment Contracts
  • 3.6 Special Use Policies
  • 3.7 Nontraditional Life Policies
    • 3.7.1 Variable Insurance Products
    • 3.7.2 Adjustable Life Policies
    • 3.7.3 Universal Life Policies
    • Section 3.7 Quiz
  • 3.8 Rights of Ownership
  • 3.9 Standard Policy Provisions
    • 3.9.1 Entire Contract Provision
    • 3.9.2 The Insuring Clause
    • 3.9.3 Free Look Provision
    • 3.9.4 Consideration Clause
    • 3.9.5 Grace Period
    • 3.9.6 The Reinstatement Clause
    • 3.9.7 Policy Loan Provision
    • 3.9.8 The Incontestable Clause
    • 3.9.9 Assignment Provision - Absolute and Collateral
    • 3.9.10 Accelerated Death Benefits Provision
    • 3.9.11 The Suicide Provision
    • 3.9.12 The Misstatement of Age or Sex Provision
    • Section 3.9 Quiz
  • 3.10 Exclusions
  • 3.11 Nonforfeiture Options
    • 3.11.1 Cash Surrender Value
    • 3.11.2 Reduced Paid-Up Insurance
    • 3.11.3 Extended Term Insurance
    • Section 3.11 Quiz
  • 3.12 Policy Dividends
    • 3.12.1 Dividend Options
  • 3.13 Policy Riders
    • 3.13.1 Guaranteed Insurability Rider
    • 3.13.2 Waiver of Premium
    • 3.13.3 Automatic Premium Loan Rider
    • 3.13.4 Payor Rider
    • 3.13.5 Accidental Death Benefit Rider
    • 3.13.6 Return of Premium Rider
    • 3.13.7 Cost of Living Adjustment Rider
    • 3.13.8 Other Insureds Rider
  • Lesson 3 Review
    • Key Concepts
    • Lesson 3 Quiz
  • LESSON 4: LIFE INSURANCE PREMIUMS, PROCEEDS AND BENEFICIARIES
  • 4.1 Primary Factors In Premium Calculations
    • 4.1.1 Mortality Factor
    • 4.1.2 Interest Factor
    • 4.1.3 Level Premium Funding
    • 4.1.4 Policy Reserves vs. Cash Values
    • 4.1.5 Other Premium Factors
    • 4.1.6 Methods of Rating Substandard Risks
    • Section 4.1 Quiz
  • 4.2 Policy Proceeds and Settlement Options
    • 4.2.1 Single Premium Payment or Lump Sum Method
    • 4.2.2 Interest Only Payments
    • 4.2.3 Installment Payments
    • 4.2.4 Accelerated Benefits
    • 4.2.5 Viatical Settlements
    • 4.2.6 Life Settlements
    • Section 4.2 Quiz
  • 4.3 Tax Treatment of Proceeds
    • 4.3.1 Proceeds Paid at Death
    • 4.3.2 1035 Contract Exchanges
    • Section 4.3 Quiz
    • Key Concepts
  • 4.4 Beneficiaries
  • 4.5 Naming an Entity as Beneficiary
    • 4.5.1 Trusts
    • 4.5.2 Estates
    • 4.5.3 Charities
    • Section 4.5 Quiz
  • 4.6 Naming Individuals as Beneficiaries
    • 4.6.1 Per Capita Method
    • 4.6.2 Per Stirpes Method
    • 4.6.3 Minors
    • 4.6.4 Specific Class Designations
    • 4.6.5 Changing Beneficiaries
    • Section 4.6 Quiz
  • 4.7 Special Situations
    • 4.7.1 Uniform Simultaneous Death Act
    • 4.7.2 Common Disaster Provision
    • 4.7.3 Spendthrift Trust Clause
    • 4.7.4 Facility-of-Payment Provision
  • Lesson 4 Review
    • Key Concepts
    • Lesson 4 Quiz
  • LESSON 5: LIFE INSURANCE UNDERWRITING AND POLICY ISSUANCE
  • 5.1 Purpose of Underwriting
    • Section 5.1 Quiz
  • 5.2 Underwriting Process
    • 5.2.1 Underwriting Classifications
    • Section 5.2 Quiz
  • 5.3 The Application
    • 5.3.1 Part I - General
    • 5.3.2 Part II - Medical
    • 5.3.3 Part III - Agent's Report
    • 5.3.4 Special Questionnaires
    • 5.3.5 Medical Information Bureau
    • Section 5.3 Quiz
  • 5.4 Fair Credit Reporting Act of 1970
  • 5.5 Field Underwriting Procedures
    • 5.5.1 Proper Solicitation
    • 5.5.2 Backdating
    • 5.5.3 Term Insurance for Interim Coverage
    • 5.5.4 The Conditional Receipt
    • 5.5.5 The Binding Receipt
    • 5.5.6 Policy Effective Date
    • Section 5.5 Quiz
  • 5.6 Policy Issue and Delivery
    • 5.6.1 Constructive Delivery
  • Lesson 5 Review
    • Key Concepts
    • Lesson 5 Review Quiz
  • LESSON 6: GROUP LIFE INSURANCE
  • 6.1 Principles of Group Insurance
    • 6.1.1 Contributory and Noncontributory
    • Section 6.1 Quiz
  • 6.2 Features of Group Life Insurance
  • 6.3 Eligible Groups
  • 6.4 Group Life Characteristics
    • 6.4.1 Group Term Life
    • 6.4.2 Group Permanent Life Insurance
    • 6.4.3 Conversion Privileges
    • Section 6.4 Quiz
  • 6.5 Other Forms of Life Insurance
    • 6.5.1 Franchise Life Insurance
    • 6.5.2 Blanket Life Insurance
    • 6.5.3 Credit Life Insurance
  • Lesson 6 Review
    • Key Concepts
    • Lesson 6 Quiz
  • LESSON 7: ANNUITIES - FIXED AND VARIABLE
  • 7.1 Purpose and Function of Annuities
  • 7.2 Annuity Basics
  • 7.3 Annuity Structure and Design
    • 7.3.1 Funding Method
    • 7.3.2 Date Income Payments Begin
    • 7.3.3 Payout Options
    • 7.3.4 Payout Options at a Glance
    • 7.3.5 Investment Configuration
    • Section 7.3 Quiz
  • 7.4 Income Tax Treatment of Benefits
    • 7.4.1 Exclusion Ratio
    • Section 7.4 Quiz
  • 7.5 Uses of Annuities
  • 7.6 Fixed Annuity
    • 7.6.1 Equity Indexed Annuities
    • 7.6.1.1 The Indexing Method
    • 7.6.1.2 The Participation Rate
    • Section 7.6 Quiz
  • 7.7 Variable Annuities
    • 7.7.1 Accumulation Units and Annuity Units
    • 7.7.2 Variable Annuity Regulation and Licensing
    • Section 7.7 Quiz
  • 7.8 Comparing Variable Annuities and Fixed Annuities
  • 7.9 Annuity Investments by Seniors
  • Lesson 7 Review
    • Key Concepts
    • Lesson 7 Quiz
  • LESSON 8: SOCIAL SECURITY
  • 8.1 Purpose of Social Security
  • 8.2 Eligibility - Who Is Covered?
    • 8.2.1 Currently Insured vs. Fully Insured
  • 8.3 How Benefits Are Determined
    • 8.3.1 SS Death Benefits
    • 8.3.2 SS Retirement Benefits
    • 8.3.3 SS Disability Benefits
  • Lesson 8 Review
    • Key Concepts
    • Lesson 8 Quiz
  • LESSON 9: RETIREMENT PLANS
  • 9.1 Qualified Versus Nonqualified Plans
    • 9.1.1 Qualified Employer Plans
  • 9.2 ERISA
  • 9.3 Favorable Tax Treatments
  • 9.4 Defined Contribution Plans
  • 9.5 Defined Benefit Plans
  • 9.6 Employer-Employee Plans
    • 9.6.1 Cash or Deferred Arrangements - 401(k) Plans
    • 9.6.2 403(b) Plans
    • 9.6.3 IRC Section 457 Deferred Compensation Plans
    • Section 9.6 Quiz
  • 9.7 Plans For The Small Employer
    • 9.7.1 Keogh Plans (HR-10)
    • 9.7.2 Simplified Employee Pension Plans (SEP)
    • 9.7.3 Salary Reduction SEP Plans (SARSEP)
    • 9.7.4 Savings Incentive Match Plan for Employees (SIMPLE)
    • Section 9.7 Quiz
  • 9.8 Individual Retirement Plans
    • 9.8.1 The Traditional IRA
    • 9.8.2 The Roth IRA
    • 9.8.3 Spousal IRA
    • 9.8.4 Rollover IRA & Pension Protection Act
  • Lesson 9 Review
    • Key Concepts
    • Lesson 9 Quiz
  • LESSON 10: USES OF LIFE INSURANCE
  • 10.1 Determining Needs
    • 10.1.1 Human Life Value Approach
    • 10.1.2 The Needs Approach
    • 10.1.3 Coverdell Education Savings Accounts
    • Section 10.1 Quiz
  • 10.2 Individual Uses of Life Insurance
    • 10.2.1 Final Expenses
    • 10.2.2 Readjustment Timeframe
    • 10.2.3 Dependency Period
    • 10.2.4 Blackout Period
    • 10.2.5 Retirement
    • Section 10.2 Quiz
  • 10.3 Business Uses of Life Insurance
    • 10.3.1 Options for Divesting
    • 10.3.2 Buy-Sell Plans
    • 10.3.2.1 Partnership Cross-Purchase Buy-Sell Plans
    • 10.3.2.2 Close Corporation Cross-Purchase Plans
    • 10.3.2.3 Partnership Entity Buy-Sell Plan
    • 10.3.2.4 Close Corporation Stock Redemption Plans
    • 10.3.3 Key Person Insurance
    • Section 10.3 Quiz
  • 10.4 Employee Benefit Plans
    • 10.4.1 Salary Continuation Plans
    • 10.4.2 Split Dollar Plans
    • 10.4.3 Deferred Compensation Plans
  • Lesson 10 Review
    • Key Concepts
    • Lesson 10 Quiz
  • LESSON 11: HEALTH AND ACCIDENT INSURANCE
  • 11.1 Basic Forms of Coverage
    • 11.1.1 Medical Expense Insurance
    • 11.1.2 Disability Income Insurance
    • 11.1.3 Accidental Death and Dismemberment Insurance
  • 11.2 Purchasing Health Insurance
    • 11.2.1 Individual Health Insurance
    • 11.2.2 Group Health Insurance
  • 11.3 Characteristics
    • 11.3.1 Renewability Provisions
    • 11.3.2 Premium Factors
    • 11.3.3 Participating vs. Nonparticipating Policies
    • 11.3.4 Reserves
    • 11.3.5 Claims
  • 11.4 Uses of Health Insurance
    • 11.4.1 Individual Needs
    • 11.4.2 Business Needs
    • 11.4.3 Business Continuation Plans
    • 11.4.4 Key Person Disability Insurance
  • 11.5 Group Health Insurance
    • 11.5.1 Contributory and Noncontributory Plans
    • 11.5.2 Conversion Privileges
    • 11.5.3 Preexisting Conditions
    • 11.5.4 Coverages
    • 11.5.5 Group Disability Income
    • 11.5.6 Other Types of Group Health Plans
    • 11.5.7 Tax Treatment of Group Health Plans
  • Lesson 11 Review
    • Key Concepts
    • Lesson 11 Quiz
  • LESSON 12: HEALTH INSURANCE PROVIDERS
  • 12.1 Commercial Insurance Providers
  • 12.2 Service Providers
  • 12.3 Health Maintenance Organizations Overview
    • 12.3.1 HMO Operation
    • 12.3.2 Florida Laws and Regulations Regarding HMOs
    • 12.3.3 Unfair Trade Practice Activities by HMOs
    • 12.3.4 Comprehensive Health Care
    • Florida HMO Contract Requirements
    • Section 12.3 Quiz
  • 12.4 Preferred Provider Organizations
  • 12.5 Government Health Insurance Programs
  • 12.6 Medicare
    • 12.6.1 Medicare Part A - Hospital Insurance
    • 12.6.2 Medicare Part B - Medical Insurance
    • 12.6.3 Medicare Part C - Medicare Advantage
    • 12.6.4 Medicare Part D - Prescription Drug Plan
    • Section 12.6 Quiz
  • 12.7 Medicaid
    • 12.7.1 Medicaid Reform
    • 12.7.2 Florida Healthy Kids Corporation
  • 12.8 State Workers' Compensation Programs
  • 12.9 Alternative Methods
  • Lesson 12 Review
    • Key Concepts
    • Lesson 12 Quiz
  • LESSON 13: MEDICAL EXPENSE INSURANCE
  • 13.1 The Purpose of Medical Expense Insurance
  • 13.2 Basic Medical Expense Plans
    • 13.2.1 Hospital Expenses
    • 13.2.2 Basic Surgical Expense
    • Section 13.2 Quiz
  • 13.3 Major Medical Expense Plans
    • 13.3.1 Deductibles
    • 13.3.2 Coinsurance
    • 13.3.3 Preexisting Conditions
    • 13.3.4 Health Savings Accounts (HSA)
    • Section 13.3 Quiz
  • 13.4 Other Types of Medical Expense Coverage
  • Lesson 13 Review
    • Key Concepts
    • Lesson 13 Quiz
  • LESSON 14: DISABILITY INCOME INSURANCE
  • 14.1 The Purpose of Disability Coverage
    • 14.1.1 "OCC" and "ACC"
  • 14.2 Calculating Benefits
  • 14.3 Policy Provisions
    • 14.3.1 Presumptive Disability
    • 14.3.2 Probationary Period
    • 14.3.3 Elimination Period Provision
    • 14.3.4 Benefit Period Provision
    • 14.3.5 Delayed Disability Provision
    • 14.3.6 Recurrent Disability Provision
    • 14.3.7 Non-Disabling Injury Provision
    • Section 14.3 Quiz
  • 14.4 Policy Exclusions
  • 14.5 Policy Riders
    • 14.5.1 Waiver of Premium Rider
    • 14.5.2 Social Security Rider
    • 14.5.3 Cost of Living Adjustment Rider
    • 14.5.4 Guaranteed Insurability Rider
  • Lesson 14 Review
    • Key Concepts
    • Lesson 14 Quiz
  • LESSON 15: ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE
  • 15.1 Benefits
    • 15.1.1 Principal Sum vs. Capital Sum
  • 15.2 Limited Risk Policies vs. Special Risk Policies
  • Lesson 15 Review
    • Key Concepts
    • Lesson 15 Quiz
  • LESSON 16: PRIVATE INSURANCE PLANS FOR SENIORS
  • 16.1 Medicare Supplement Policies
    • 16.1.1 Core Benefits
    • 16.1.2 Medigap Plans
    • Section 16.1 Quiz
  • 16.2 Long-Term Care Insurance
    • 16.2.1 LTC Coverages
    • 16.2.2 LTC Provisions and Limits
  • Lesson 16 Review
    • Key Concepts
    • Lesson 16 Quiz
  • LESSON 17: HEALTH INSURANCE POLICY PROVISIONS
  • 17.1 NAIC Model Health Insurance Policy Provisions
    • 17.1.1 Mandatory Provisions
    • 17.1.2 Optional Provisions
    • 17.1.3 Other Provisions
  • 17.2 Common Exclusions or Restrictions
  • 17.3 Renewability Provisions
  • Lesson 17 Review
    • Key Concepts
    • Lesson 17 Quiz
  • LESSON 18: HEALTH INSURANCE UNDERWRITING
  • 18.1 Major Risk Factors
    • 18.1.1 Classifying Risks
    • 18.1.2 Physical Condition
    • 18.1.3 Moral Hazards
    • 18.1.4 Occupation
    • 18.1.5 Other Risk Factors
    • Section 18.1 Quiz
  • 18.2 Premium Factors
  • 18.3 Tax Treatment of Premiums and Benefits
    • 18.3.1 Disability Income Insurance
    • 18.3.2 Medical Expense Insurance
  • 18.4 Managed Care
    • 18.4.1 Medical Cost Management
  • Lesson 18 Review
    • Key Concepts
    • Lesson 18 Quiz
  • LESSON 19: FLORIDA LAWS AND RULES PERTINENT TO LIFE AND HEALTH INSURANCE
  • 19.1 Florida Insurance Regulation
    • 19.1.1 The State Legislature
    • 19.1.2 The Department of Financial Services Headed by the Chief Financial Officer
    • 19.1.3 The Commissioner of the Office of Insurance Regulation
    • 19.1.4 The State Court System
    • Section 19.1 Quiz
  • 19.2 Insurers
    • 19.2.1 Unauthorized Entities
    • Section 19.2 Quiz
  • 19.3 Marketing Practices
    • 19.3.1 Agents' Responsibilities
    • 19.3.2 Agents' Responsibilities to the Principal
    • 19.3.3 Agents' Responsibilities to Policyowners
    • 19.3.4 Notice of Replacement
    • Section 19.3 Quiz
  • 19.4 Code of Ethics
    • 19.4.1 Agent Ethics
  • 19.5 Policy Clauses and Provisions
    • 19.5.1 Preexisting Conditions
    • 19.5.2 Free Look
    • 19.5.3 Grace Period
    • 19.5.4 Mental and Nervous Disorders
    • 19.5.5 Handicapped Children
    • 19.5.6 Newborn Children
    • 19.5.7 Coordination of Benefits
    • 19.5.8 Alcoholism and Drug Dependency
    • 19.5.9 Ambulatory Surgical Centers
    • 19.5.10 Dentists
    • 19.5.11 Optometrists and Podiatrists
    • 19.5.12 Chiropractic Treatment
    • 19.5.13 Bones and Joints of the Jaw and Facial Region
    • 19.5.14 Diabetes
    • 19.5.15 Maternity
    • 19.5.16 Breast Cancer and Mastectomies
    • 19.5.17 Cleft Lip and Palate
    • Section 19.5 Quiz
  • 19.6 Health Insurance Portability and Accountability Act of 1996
  • 19.7 Group Life Insurance
    • 19.7.1 Eligibility
    • 19.7.2 Mini-COBRA
  • 19.8 Par and Nonpar Policies
  • 19.9 Retirement Plans
    • 19.9.1 Cliff Vesting and Graded Vesting
    • 19.9.2 Tax Treatment
  • 19.10 Flexible Life Products
  • 19.11 Types of Health Plans
  • 19.12 Florida Employee Health Care Access Act
    • 19.12.1 Modified Community Rating
    • 19.12.2 Composite Rating
  • 19.13 Florida Health Insurance Plan
  • 19.14 Small Employers Access Program
  • 19.15 Cover Florida Plan
  • Lesson 19 Review
    • Lesson 19 Quiz
  • LESSON 20: AGENT LICENSING
  • 20.1 Persons Required to be Licensed
  • 20.2 Maintaining a License
    • 20.2.1 Continuing Education
    • 20.2.2 Change of Address
    • 20.2.3 Suspension, Termination, Revocation of License
  • 20.3 Unfair Trade Practices
    • 20.3.1 Sliding
    • 20.3.2 Coercion, Boycott and Intimidation
    • 20.3.3 Misrepresentation
    • 20.3.4 Defamation of Character
    • 20.3.5 Unfair Discrimination
    • 20.3.6 Fraud
    • 20.3.7 Controlled Business
  • 20.4 Unfair Claim Settlement Practices
  • 20.5 Action To Be Taken
  • Lesson 20 Review
    • Lesson 20 Quiz
  • LESSON 21: DEFINITIONS
    • 21.1 Insurance Transaction
    • 21.2 Domestic, Foreign, and Alien Companies
    • 21.3 Authorized and Unauthorized Insurers
    • 21.4 Stock and Mutual Companies
    • 21.5 Certificate of Authority
    • 21.6 Florida Life and Health Guaranty Association
    • 21.7 ACRONYMS
    • Lesson 21 Quiz
  • IMPORTANT FACTS YOU NEED TO KNOW
    • Student Verification and Security Pop-Up Questions
    • Florida Study Manual
    • Final Examination
    • Practice Exam Generator
    • Applying For New License
    • The Course Basics
    • Need Help?
    • Frequently Asked Questions (FAQs)
    • Meet Your Instructor
  • LESSON 1: BASIC PRINCIPLES OF LIFE AND HEALTH INSURANCE and THE INSURANCE INDUSTRY
  • 1.1 The Role of Insurance
    • Section 1.1 Quiz
  • 1.2 Industry Overview
  • 1.3 The Nature of Insurance
    • 1.3.1 Risk Pooling
    • 1.3.2 Law of Large Numbers
    • Section 1.3 Quiz
  • 1.4 The Concept of Risk and Risk Management
    • 1.4.1 Speculative and Pure Risks
    • 1.4.2 Perils and Hazards
    • 1.4.3 Treatment of Risk
    • 1.4.4 Elements of Insurable Risk
    • Section 1.4 Quiz
  • 1.5 Private Insurers
    • 1.5.1 Stock Insurers
    • 1.5.2 Mutual Insurers
    • 1.5.3 Assessment Mutual Insurers
    • 1.5.4 Reciprocal Insurers
    • 1.5.5 Lloyd's of London
    • 1.5.6 Reinsurers
    • 1.5.7 Risk Retention Groups
    • 1.5.8 Fraternal Benefit Societies
    • 1.5.9 Home Service Insurers
    • 1.5.10 Service Insurers
    • 1.5.11 Self-Insurers
    • Section 1.5 Quiz
  • 1.6 Government Insurers
  • 1.7 Distribution Systems
    • 1.7.1 Captive vs. Independent Agents
    • 1.7.2 Solicitors, Consultants, and Special Agents
    • 1.7.3 Excess or Rejected Business
    • 1.7.4 Agency Systems
    • 1.7.5 Other Methods of Selling Insurance
    • Section 1.7 Quiz
  • 1.8 History of Regulation
    • 1.8.1 Paul v. Virginia (1868)
    • 1.8.2 United States v. Southeastern Underwriters Association (1944)
    • 1.8.3 The McCarran-Ferguson Act (1945)
    • 1.8.4 Intervention by the FTC (1958)
    • 1.8.5 Intervention by the SEC (1959)
    • 1.8.6 Fair Credit Reporting Act (1970)
    • 1.8.7 Financial Services Modernization Act (1999)
  • 1.9 State Self-Regulation
    • 1.9.1 Domestic Insurer
    • 1.9.2 Foreign Insurer
    • 1.9.3 Alien Insurer
  • 1.10 Marketing and Sales Practices
    • 1.10.1 Needs-Based Selling
    • 1.10.2 Full and Accurate Disclosure
    • 1.10.3 Client Service Follow-up
    • Section 1.10 Quiz
  • 1.11 Prohibited Practices
    • 1.11.1 Policy Replacement
    • 1.11.2 Twisting
    • 1.11.3 Churning
    • 1.11.4 Misrepresentation
    • 1.11.5 Misuse of Premiums
    • 1.11.6 Rebating
    • Section 1.11 Quiz
  • 1.12 Regulatory Associations
    • 1.12.1 National Association of Insurance Commissioners (NAIC)
    • 1.12.2 Florida Life and Health Guaranty Association
    • 1.12.3 NAIFA & NAHU
    • Section 1.12 Quiz
  • 1.13 Independent Rating Services
  • Lesson 1 Review
    • Key Concepts
    • Lesson 1 Quiz
  • LESSON 2: LEGAL CONCEPTS OF THE INSURANCE CONTRACT
  • 2.1 Elements of the Contract
    • 2.1.1 Offer and Acceptance
    • 2.1.2 Consideration
    • 2.1.3 Legal Purpose
    • 2.1.4 Competent Parties
    • Section 2.1 Quiz
  • 2.2 Special Features of the Insurance Contract
    • 2.2.1 Aleatory
    • 2.2.2 Adhesion
    • 2.2.3 Unilateral
    • 2.2.4 Value vs. Indemnity
    • 2.2.5 Insurable Interest
    • Section 2.2 Quiz
  • 2.3 Agents and Brokers
    • 2.3.1 Agent Authority
    • 2.3.2 Fiduciary Responsibilities
    • Section 2.3 Quiz
  • 2.4 Other Legal Concepts
  • Lesson 2 Review
    • Key Concepts
    • Lesson 2 Quiz
  • LESSON 3: LIFE INSURANCE POLICIES, PROVISIONS, OPTIONS AND RIDERS
  • 3.1 Categories of Life Insurance
    • 3.1.1 Ordinary Life Insurance
    • 3.1.2 Industrial Life Insurance
    • 3.1.3 Group Insurance
    • Section 3.1 Quiz
  • 3.2 Term Life Insurance
    • 3.2.1 Term Life Premiums
    • 3.2.2 Level Term
    • 3.2.3 Decreasing Term
    • 3.2.4 Increasing Term
    • Section 3.2 Quiz
  • 3.3 Option To Renew and Option To Convert
  • 3.4 Whole Life (Permanent) Insurance
  • 3.5 Endowment Policies
    • 3.5.1 Endowment Premiums
    • 3.5.2 Modified Endowment Contracts
  • 3.6 Special Use Policies
  • 3.7 Nontraditional Life Policies
    • 3.7.1 Variable Insurance Products
    • 3.7.2 Adjustable Life Policies
    • 3.7.3 Universal Life Policies
    • Section 3.7 Quiz
  • 3.8 Rights of Ownership
  • 3.9 Standard Policy Provisions
    • 3.9.1 Entire Contract Provision
    • 3.9.2 The Insuring Clause
    • 3.9.3 Free Look Provision
    • 3.9.4 Consideration Clause
    • 3.9.5 Grace Period
    • 3.9.6 The Reinstatement Clause
    • Policy Loan Provision
    • 3.9.8 The Incontestable Clause
    • 3.9.9 Assignment Provision - Absolute and Collateral
    • 3.9.10 Accelerated Death Benefits Provision
    • 3.9.11 The Suicide Provision
    • 3.9.12 The Misstatement of Age or Sex Provision
    • Section 3.9 Quiz
  • 3.10 Exclusions
  • 3.11 Nonforfeiture Options
    • 3.11.1 Cash Surrender Value
    • 3.11.2 Reduced Paid-Up Insurance
    • 3.11.3 Extended Term Insurance
    • Section 3.11 Quiz
  • 3.12 Policy Dividends
    • 3.12.1 Dividend Options
  • 3.13 Policy Riders
    • 3.13.1 Guaranteed Insurability Rider
    • 3.13.2 Waiver of Premium
    • 3.13.3 Automatic Premium Loan Rider
    • 3.13.4 Payor Rider
    • 3.13.5 Accidental Death Benefit Rider
    • 3.13.6 Return of Premium Rider
    • 3.13.7 Cost of Living Adjustment Rider
    • 3.13.8 Other Insureds Rider
  • Lesson 3 Review
    • Key Concepts
    • Lesson 3 Quiz
  • LESSON 4: LIFE INSURANCE PREMIUMS, PROCEEDS AND BENEFICIARIES
  • 4.1 Primary Factors In Premium Calculations
    • 4.1.1 Mortality Factor
    • 4.1.2 Interest Factor
    • 4.1.3 Level Premium Funding
    • 4.1.4 Policy Reserves vs. Cash Values
    • 4.1.5 Other Premium Factors
    • 4.1.6 Methods of Rating Substandard Risks
    • Section 4.1 Quiz
  • 4.2 Policy Proceeds and Settlement Options
    • 4.2.1 Single Premium Payment or Lump Sum Method
    • 4.2.2 Interest Only Payments
    • 4.2.3 Installment Payments
    • 4.2.4 Accelerated Benefits
    • 4.2.5 Viatical Settlements
    • 4.2.6 Life Settlements
    • Section 4.2 Quiz
  • 4.3 Tax Treatment of Proceeds
    • 4.3.1 Proceeds Paid at Death
    • 4.3.2 1035 Contract Exchanges
    • Section 4.3 Quiz
    • Key Concepts
  • 4.4 Beneficiaries
  • 4.5 Naming an Entity as Beneficiary
    • 4.5.1 Trusts
    • 4.5.2 Estates
    • 4.5.3 Charities
    • Section 4.5 Quiz
  • 4.6 Naming Individuals as Beneficiaries
    • 4.6.1 Per Capita Method
    • 4.6.2 Per Stirpes Method
    • 4.6.3 Minors
    • 4.6.4 Specific Class Designations
    • 4.6.5 Changing Beneficiaries
    • Section 4.6 Quiz
  • 4.7 Special Situations
    • 4.7.1 Uniform Simultaneous Death Act
    • 4.7.2 Common Disaster Provision
    • 4.7.3 Spendthrift Trust Clause
    • 4.7.4 Facility-of-Payment Provision
  • Lesson 4 Review
    • Key Concepts
    • Lesson 4 Quiz
  • LESSON 5: LIFE INSURANCE UNDERWRITING AND POLICY ISSUANCE
  • 5.1 Purpose of Underwriting
    • Section 5.1 Quiz
  • 5.2 Underwriting Process
    • 5.2.1 Underwriting Classifications
    • Section 5.2 Quiz
  • 5.3 The Application
    • 5.3.1 Part I - General
    • 5.3.2 Part II - Medical
    • 5.3.3 Part III - Agent's Report
    • 5.3.4 Special Questionnaires
    • 5.3.5 Medical Information Bureau
    • Section 5.3 Quiz
  • 5.4 Fair Credit Reporting Act of 1970
  • 5.5 Field Underwriting Procedures
    • 5.5.1 Proper Solicitation
    • 5.5.2 Backdating
    • 5.5.3 Term Insurance for Interim Coverage
    • 5.5.4 The Conditional Receipt
    • 5.5.5 The Binding Receipt
    • 5.5.6 Policy Effective Date
    • Section 5.5 Quiz
  • 5.6 Policy Issue and Delivery
    • 5.6.1 Constructive Delivery
  • Lesson 5 Review
    • Key Concepts
    • Lesson 5 Review Quiz
  • LESSON 6: GROUP LIFE INSURANCE
  • 6.1 Principles of Group Insurance
    • 6.1.1 Contributory and Noncontributory
    • Section 6.1 Quiz
  • 6.2 Features of Group Life Insurance
  • 6.3 Eligible Groups
  • 6.4 Group Life Characteristics
    • 6.4.1 Group Term Life
    • 6.4.2 Group Permanent Life Insurance
    • 6.4.3 Conversion Privileges
    • Section 6.4 Quiz
  • 6.5 Other Forms of Life Insurance
    • 6.5.1 Franchise Life Insurance
    • 6.5.2 Blanket Life Insurance
    • 6.5.3 Credit Life Insurance
  • Lesson 6 Review
    • Key Concepts
    • Lesson 6 Quiz
  • LESSON 7: ANNUITIES - FIXED AND VARIABLE
  • 7.1 Purpose and Function of Annuities
  • 7.2 Annuity Basics
  • 7.3 Annuity Structure and Design
    • 7.3.1 Funding Method
    • 7.3.2 Date Income Payments Begin
    • 7.3.3 Payout Options
    • 7.3.4 Payout Options at a Glance
    • 7.3.5 Investment Configuration
    • Section 7.3 Quiz
  • 7.4 Income Tax Treatment of Benefits
    • 7.4.1 Exclusion Ratio
    • Section 7.4 Quiz
  • 7.5 Uses of Annuities
  • 7.6 Fixed Annuity
    • 7.6.1 Equity Indexed Annuities
    • 7.6.1.1 The Indexing Method
    • 7.6.1.2 The Participation Rate
    • Section 7.6 Quiz
  • 7.7 Variable Annuities
    • 7.7.1 Accumulation Units and Annuity Units
    • 7.7.2 Variable Annuity Regulation and Licensing
    • Section 7.7 Quiz
  • 7.8 Comparing Variable Annuities and Fixed Annuities
  • 7.9 Annuity Investments by Seniors
  • Lesson 7 Review
    • Key Concepts
    • Lesson 7 Quiz
  • LESSON 8: SOCIAL SECURITY
  • 8.1 Purpose of Social Security
  • 8.2 Eligibility - Who Is Covered?
    • 8.2.1 Currently Insured vs. Fully Insured
  • 8.3 How Benefits Are Determined
    • 8.3.1 SS Death Benefits
    • 8.3.2 SS Retirement Benefits
    • 8.3.3 SS Disability Benefits
  • Lesson 8 Review
    • Key Concepts
    • Lesson 8 Quiz
  • LESSON 9: RETIREMENT PLANS
  • 9.1 Qualified Versus Nonqualified Plans
    • 9.1.1 Qualified Employer Plans
  • 9.2 ERISA
  • 9.3 Favorable Tax Treatments
  • 9.4 Defined Contribution Plans
  • 9.5 Defined Benefit Plans
  • 9.6 Employer-Employee Plans
    • 9.6.1 Cash or Deferred Arrangements - 401(k) Plans
    • 9.6.2 Tax-Sheltered Annuities (403(b) Plans)
    • 9.6.3 IRC Section 457 Deferred Compensation Plans
    • Section 9.6 Quiz
  • 9.7 Plans For The Small Employer
    • 9.7.1 Keogh Plans (HR-10)
    • 9.7.2 Simplified Employee Pension Plans (SEP)
    • 9.7.3 Salary Reduction SEP Plans (SARSEP)
    • 9.7.4 Savings Incentive Match Plan for Employees (SIMPLE)
    • Section 9.7 Quiz
  • 9.8 Individual Retirement Plans
    • 9.8.1 The Traditional IRA
    • 9.8.2 The Roth IRA
    • 9.8.3 Spousal IRA
    • 9.8.4 Rollover IRA & Pension Protection Act
  • Lesson 9 Review
    • Key Concepts
    • Lesson 9 Quiz
  • LESSON 10: USES OF LIFE INSURANCE
  • 10.1 Determining Needs
    • 10.1.1 Human Life Value Approach
    • 10.1.2 The Needs Approach
    • 10.1.3 Coverdell Education Savings Accounts
    • Section 10.1 Quiz
  • 10.2 Individual Uses of Life Insurance
    • 10.2.1 Final Expenses
    • 10.2.2 Readjustment Timeframe
    • 10.2.3 Dependency Period
    • 10.2.4 Blackout Period
    • 10.2.5 Retirement
    • Section 10.2 Quiz
  • 10.3 Business Uses of Life Insurance
    • 10.3.1 Options for Divesting
    • 10.3.2 Buy-Sell Plans
    • 10.3.2.1 Partnership Cross-Purchase Buy-Sell Plans
    • 10.3.2.2 Close Corporation Cross-Purchase Plans
    • 10.3.2.3 Partnership Entity Buy-Sell Plan
    • 10.3.2.4 Close Corporation Stock Redemption Plans
    • 10.3.3 Key Person Insurance
    • Section 10.3 Quiz
  • 10.4 Employee Benefit Plans
    • 10.4.1 Salary Continuation Plans
    • 10.4.2 Split Dollar Plans
    • 10.4.3 Deferred Compensation Plans
  • Lesson 10 Review
    • Key Concepts
    • Lesson 10 Quiz
  • LESSON 11: HEALTH AND ACCIDENT INSURANCE
  • 11.1 Basic Forms of Coverage
    • 11.1.1 Medical Expense Insurance
    • 11.1.2 Disability Income Insurance
    • 11.1.3 Accidental Death and Dismemberment Insurance
  • 11.2 Purchasing Health Insurance
    • 11.2.1 Individual Health Insurance
    • 11.2.2 Group Health Insurance
  • 11.3 Characteristics
    • 11.3.1 Renewability Provisions
    • 11.3.2 Premium Factors
    • 11.3.3 Participating vs. Nonparticipating Policies
    • 11.3.4 Reserves
    • 11.3.5 Claims
  • 11.4 Uses of Health Insurance
    • 11.4.1 Individual Needs
    • 11.4.2 Business Needs
    • 11.4.3 Business Continuation Plans
    • 11.4.4 Key Person Disability Insurance
  • 11.5 Group Health Insurance
    • 11.5.1 Contributory and Noncontributory Plans
    • 11.5.2 Conversion Privileges
    • 11.5.3 Preexisting Conditions
    • 11.5.4 Coverages
    • 11.5.5 Group Disability Income
    • 11.5.6 Other Types of Group Health Plans
    • 11.5.7 Tax Treatment of Group Health Plans
  • Lesson 11 Review
    • Key Concepts
    • Lesson 11 Quiz
  • LESSON 12: HEALTH INSURANCE PROVIDERS
  • 12.1 Commercial Insurance Providers
  • 12.2 Service Providers
  • 12.3 Health Maintenance Organizations Overview
    • 12.3.1 HMO Operation
    • 12.3.2 Florida Laws and Regulations Regarding HMOs
    • 12.3.3 Unfair Trade Practice Activities by HMOs
    • 12.3.4 Comprehensive Health Care
    • Florida HMO Contract Requirements
    • Section 12.3 Quiz
  • 12.4 Preferred Provider Organizations
  • 12.5 Government Health Insurance Programs
  • 12.6 Medicare
    • 12.6.1 Medicare Part A - Hospital Insurance
    • 12.6.2 Medicare Part B - Medical Insurance
    • 12.6.3 Medicare Part C - Medicare Advantage
    • 12.6.4 Medicare Part D - Prescription Drug Plan
    • Section 12.6 Quiz
  • 12.7 Medicaid
    • 12.7.1 Medicaid Reform
    • 12.7.2 Florida Healthy Kids Corporation
  • 12.8 State Workers' Compensation Programs
  • 12.9 Alternative Methods
  • Lesson 12 Review
    • Key Concepts
    • Lesson 12 Quiz
  • LESSON 13: MEDICAL EXPENSE INSURANCE
  • 13.1 The Purpose of Medical Expense Insurance
  • 13.2 Basic Medical Expense Plans
    • 13.2.1 Hospital Expenses
    • 13.2.2 Basic Surgical Expense
    • Section 13.2 Quiz
  • 13.3 Major Medical Expense Plans
    • 13.3.1 Deductibles
    • 13.3.2 Coinsurance
    • 13.3.3 Preexisting Conditions
    • 13.3.4 Health Savings Accounts (HSA)
    • Section 13.3 Quiz
  • 13.4 Other Types of Medical Expense Coverage
  • Lesson 13 Review
    • Key Concepts
    • Lesson 13 Quiz
  • LESSON 14: DISABILITY INCOME INSURANCE
  • 14.1 The Purpose of Disability Coverage
    • 14.1.1 "OCC" and "ACC"
  • 14.2 Calculating Benefits
  • 14.3 Policy Provisions
    • 14.3.1 Presumptive Disability
    • 14.3.2 Probationary Period
    • 14.3.3 Elimination Period Provision
    • 14.3.4 Benefit Period Provision
    • 14.3.5 Delayed Disability Provision
    • 14.3.6 Recurrent Disability Provision
    • 14.3.7 Non-Disabling Injury Provision
    • Section 14.3 Quiz
  • 14.4 Policy Exclusions
  • 14.5 Policy Riders
    • 14.5.1 Waiver of Premium Rider
    • 14.5.2 Social Security Rider
    • 14.5.3 Cost of Living Adjustment Rider
    • 14.5.4 Guaranteed Insurability Rider
  • Lesson 14 Review
    • Key Concepts
    • Lesson 14 Quiz
  • LESSON 15: ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE
  • 15.1 Benefits
    • 15.1.1 Principal Sum vs. Capital Sum
  • 15.2 Limited Risk Policies vs. Special Risk Policies
  • Lesson 15 Review
    • Key Concepts
    • Lesson 15 Quiz
  • LESSON 16: PRIVATE INSURANCE PLANS FOR SENIORS
  • 16.1 Medicare Supplement Policies
    • 16.1.1 Core Benefits
    • 16.1.2 Medigap Plans
    • Section 16.1 Quiz
  • 16.2 Long-Term Care Insurance
    • 16.2.1 LTC Coverages
    • 16.2.2 LTC Provisions and Limits
  • Lesson 16 Review
    • Key Concepts
    • Lesson 16 Quiz
  • LESSON 17: HEALTH INSURANCE POLICY PROVISIONS
  • 17.1 NAIC Model Health Insurance Policy Provisions
    • 17.1.1 Mandatory Provisions
    • 17.1.2 Optional Provisions
    • 17.1.3 Other Provisions
  • 17.2 Common Exclusions or Restrictions
  • 17.3 Renewability Provisions
  • Lesson 17 Review
    • Key Concepts
    • Lesson 17 Quiz
  • LESSON 18: HEALTH INSURANCE UNDERWRITING
  • 18.1 Major Risk Factors
    • 18.1.1 Classifying Risks
    • 18.1.2 Physical Condition
    • 18.1.3 Moral Hazards
    • 18.1.4 Occupation
    • 18.1.5 Other Risk Factors
    • Section 18.1 Quiz
  • 18.2 Premium Factors
  • 18.3 Tax Treatment of Premiums and Benefits
    • 18.3.1 Disability Income Insurance
    • 18.3.2 Medical Expense Insurance
  • 18.4 Managed Care
    • 18.4.1 Medical Cost Management
  • Lesson 18 Review
    • Key Concepts
    • Lesson 18 Quiz
  • LESSON 19: FLORIDA LAWS AND RULES PERTINENT TO LIFE AND HEALTH INSURANCE
  • 19.1 Florida Insurance Regulation
    • 19.1.1 The State Legislature
    • 19.1.2 The Department of Financial Services Headed by the Chief Financial Officer
    • 19.1.3 The Commissioner of the Office of Insurance Regulation
    • 19.1.4 The State Court System
    • Section 19.1 Quiz
  • 19.2 Insurers
    • 19.2.1 Unauthorized Entities
    • Section 19.2 Quiz
  • 19.3 Marketing Practices
    • 19.3.1 Agents' Responsibilities
    • 19.3.2 Agents' Responsibilities to the Principal
    • 19.3.3 Agents' Responsibilities to Policyowners
    • 19.3.4 Notice of Replacement
    • Section 19.3 Quiz
  • 19.4 Code of Ethics
    • 19.4.1 Agent Ethics
  • 19.5 Policy Clauses and Provisions
    • 19.5.1 Preexisting Conditions
    • 19.5.2 Free Look
    • 19.5.3 Grace Period
    • 19.5.4 Mental and Nervous Disorders
    • 19.5.5 Handicapped Children
    • 19.5.6 Newborn Children
    • 19.5.7 Coordination of Benefits
    • 19.5.8 Alcoholism and Drug Dependency
    • 19.5.9 Ambulatory Surgical Centers
    • 19.5.10 Dentists
    • 19.5.11 Optometrists and Podiatrists
    • 19.5.12 Chiropractic Treatment
    • 19.5.13 Bones and Joints of the Jaw and Facial Region
    • 19.5.14 Diabetes
    • 19.5.15 Maternity
    • 19.5.16 Breast Cancer and Mastectomies
    • 19.5.17 Cleft Lip and Palate
    • Section 19.5 Quiz
  • 19.6 Health Insurance Portability and Accountability Act of 1996
  • 19.7 Group Life Insurance
    • 19.7.1 Eligibility
    • 19.7.2 Mini-COBRA
  • 19.8 Par and Nonpar Policies
  • 19.9 Retirement Plans
    • 19.9.1 Cliff Vesting and Graded Vesting
    • 19.9.2 Tax Treatment
  • 19.10 Flexible Life Products
  • 19.11 Types of Health Plans
  • 19.12 Florida Employee Health Care Access Act
    • 19.12.1 Modified Community Rating
    • 19.12.2 Composite Rating
  • 19.13 Florida Health Insurance Plan
  • 19.14 Small Employers Access Program
  • 19.15 Cover Florida Plan
  • Lesson 19 Review
    • Lesson 19 Quiz
  • LESSON 20: AGENT LICENSING
  • 20.1 Persons Required to be Licensed
  • 20.2 Maintaining a License
    • 20.2.1 Continuing Education
    • 20.2.2 Change of Address
    • 20.2.3 Suspension, Termination, Revocation of License
  • 20.3 Unfair Trade Practices
    • 20.3.1 Sliding
    • 20.3.2 Coercion, Boycott and Intimidation
    • 20.3.3 Misrepresentation
    • 20.3.4 Defamation of Character
    • 20.3.5 Unfair Discrimination
    • 20.3.6 Fraud
    • 20.3.7 Controlled Business
  • 20.4 Unfair Claim Settlement Practices
  • 20.5 Action To Be Taken
  • Lesson 20 Review
    • Lesson 20 Quiz
  • LESSON 21: DEFINITIONS
    • 21.1 Insurance Transaction
    • 21.2 Domestic, Foreign, and Alien Companies
    • 21.3 Authorized and Unauthorized Insurers
    • 21.4 Stock and Mutual Companies
    • 21.5 Certificate of Authority
    • 21.6 Florida Life and Health Guaranty Association
    • 21.7 ACRONYMS
    • Lesson 21 Quiz