Florida Health and Life Insurance
State Exam Practice Questions And
Correct Answers||Latest Exam||Graded
A+
Which Accident and Health policy provision addresses preexisting conditions? -
ANSWER Time Limit on Certain Defenses
Which of the following individual health insurance policies will provide the broadest
protection? -ANSWER Major Medical
Which of the following situations does NOT apply to the Florida Replacement Rule? -
ANSWER An existing policyholder purchases an additional policy from the same insurer
Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the insurance
company. What action should J take? -ANSWER Return to the customer, collect a new
check made out to the insurance company, and send the new check out to the
insurance company
Under which of the following circumstances will the benefits under COBRA continuation
coverage end? -ANSWER All group health plans are terminated by the employer
Which type of renewability best describes a Disability Income policy that covers an
individual until the age of 65, but the insurer has the right to change the premium rate
for the overall risk class? -ANSWER Garunteed Renewable
An incomplete life insurance application submitted to an insurer will result in which of
these actions? -ANSWER Application will be returned to the writting agent
The waiting period for a pre-existing condition under a Medicare Supplement policy may
NOT go beyond -ANSWER 6 Months
Which of these statements is INCORRECT regarding the federal income tax treatment
of life insurance? -ANSWER Entire cash surrender value is taxable
Which of these is considered a mandatory provision? -ANSWER Payment of Claims
Which of the following actions will an insurance company most likely NOT take if an
applicant, who has diabetes, applies for a Disability Income policy? -ANSWER Issue the
policy with an altered Time of Payment of Claims provision
, Which of the following phrases refers to the fees charged by a healthcare professional?
-ANSWER Usual, customary, and reasonable expenses
D was actively serving in the Marines when he was killed in an automobile accident
while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How
much will D's beneficiary's receive? -ANSWER The full face amount
N is covered under an individual Disability policy with a 30-day Elimination period and a
monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received
on this claim is: -ANSWER $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or insurance? -ANSWER The
insurance company
Which of the following costs would a Basic Hospital/Surgical policy likely cover? -
ANSWER Sugically removing a facial birthmark
The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: -ANSWER Employee's premiums paid by the
employer is tax-deductible to the employer as a business expenditure
Premiums paid by an employer for an employee's coverage are deductible by the
employer as a buisness expense
What must the policyowner provide to the insurer for validation that a loss has
occurred? -ANSWER proof of loss
Association Plans that are designed to provide health benefits to their members are
regulated by the state because -ANSWER They are insured by and authorized insurer
Which of the following statements is CORRECT about the period in which a Term Policy
can be converted? -ANSWER It varies according to contracts
When does a life insurance contract become effective if the initial premium is not
collected during the application process? -ANSWER When producer delives policy and
collects initial premium
A provision in a life insurance policy that pays the policyowner an amount that does not
surpass the guaranteed cash value is called the: -ANSWER Policy Loan Provision
Medicare Part A and Part B do no pay for: -ANSWER Dental Work
State Exam Practice Questions And
Correct Answers||Latest Exam||Graded
A+
Which Accident and Health policy provision addresses preexisting conditions? -
ANSWER Time Limit on Certain Defenses
Which of the following individual health insurance policies will provide the broadest
protection? -ANSWER Major Medical
Which of the following situations does NOT apply to the Florida Replacement Rule? -
ANSWER An existing policyholder purchases an additional policy from the same insurer
Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the insurance
company. What action should J take? -ANSWER Return to the customer, collect a new
check made out to the insurance company, and send the new check out to the
insurance company
Under which of the following circumstances will the benefits under COBRA continuation
coverage end? -ANSWER All group health plans are terminated by the employer
Which type of renewability best describes a Disability Income policy that covers an
individual until the age of 65, but the insurer has the right to change the premium rate
for the overall risk class? -ANSWER Garunteed Renewable
An incomplete life insurance application submitted to an insurer will result in which of
these actions? -ANSWER Application will be returned to the writting agent
The waiting period for a pre-existing condition under a Medicare Supplement policy may
NOT go beyond -ANSWER 6 Months
Which of these statements is INCORRECT regarding the federal income tax treatment
of life insurance? -ANSWER Entire cash surrender value is taxable
Which of these is considered a mandatory provision? -ANSWER Payment of Claims
Which of the following actions will an insurance company most likely NOT take if an
applicant, who has diabetes, applies for a Disability Income policy? -ANSWER Issue the
policy with an altered Time of Payment of Claims provision
, Which of the following phrases refers to the fees charged by a healthcare professional?
-ANSWER Usual, customary, and reasonable expenses
D was actively serving in the Marines when he was killed in an automobile accident
while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How
much will D's beneficiary's receive? -ANSWER The full face amount
N is covered under an individual Disability policy with a 30-day Elimination period and a
monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received
on this claim is: -ANSWER $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or insurance? -ANSWER The
insurance company
Which of the following costs would a Basic Hospital/Surgical policy likely cover? -
ANSWER Sugically removing a facial birthmark
The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: -ANSWER Employee's premiums paid by the
employer is tax-deductible to the employer as a business expenditure
Premiums paid by an employer for an employee's coverage are deductible by the
employer as a buisness expense
What must the policyowner provide to the insurer for validation that a loss has
occurred? -ANSWER proof of loss
Association Plans that are designed to provide health benefits to their members are
regulated by the state because -ANSWER They are insured by and authorized insurer
Which of the following statements is CORRECT about the period in which a Term Policy
can be converted? -ANSWER It varies according to contracts
When does a life insurance contract become effective if the initial premium is not
collected during the application process? -ANSWER When producer delives policy and
collects initial premium
A provision in a life insurance policy that pays the policyowner an amount that does not
surpass the guaranteed cash value is called the: -ANSWER Policy Loan Provision
Medicare Part A and Part B do no pay for: -ANSWER Dental Work
