Florida Life and Health Insurance License Practice Test

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Master the Florida Life and Health Insurance License Exam with our comprehensive practice test guide. Ensure your success with expert tips, detailed study materials, and realistic practice questions designed to mimic the actual exam.

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What does the Legal Actions provision of an Accident and Health policy require?

Proof of Loss within 30 days
Insured must wait at least 60 days after Proof of Loss to file a lawsuit
Claim to be settled within 45 days
Insured must notify insurer about loss within 24 hours

The correct answer is: Insured must wait at least 60 days after Proof of Loss to file a lawsuit

The Legal Actions provision of an Accident and Health policy typically requires the insured to wait at least 60 days after filing a Proof of Loss before pursuing legal action against the insurance company. This requirement allows both parties time to negotiate and potentially resolve any issues without needing to go to court. Additionally, options A, C, and D are incorrect because they do not align with what is typically required under the Legal Actions provision. Option A specifies a shorter timeframe for the insured to file a Proof of Loss, option C refers to the timeline for settling a claim, and option D is regarding the timeline for notifying the insurer about a loss. It is important for insurance policyholders to carefully review and understand the terms and provisions of their policies to ensure they are able to fulfill their obligations in the event of a claim.