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Exam (elaborations)

Florida Health Insurance 2-40 License | Complete Practice Exam Questions and Answers

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Written in
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This document contains a comprehensive Practice Exam for the Florida Health Insurance 2-40 license, including fully answered questions designed to reflect the actual state exam format. It covers key topics such as health insurance policies, Florida statutes and regulations, underwriting, benefits, exclusions, ethics, and agent responsibilities. This resource is ideal for final exam preparation and reinforcing exam-ready knowledge.

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Institution
Health Insurance Florida 2-40 Practice
Course
Health Insurance Florida 2-40 Practice

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Florida Health #z




Insurance 2-40
#z #z




Practice Test bank
#z #z #z




Actual Exam
#z #z




Questions and Answer
#z #z #z




Rated A+
#z #z




Nursedocs@2024

,Florida Health Insurance 2-40 Practice
#z #z #z #z




Test bank Actual Exam Questions and
#z #z #z #z #z #z




Answer Rated A+
#z #z #z




Which of the following is NOT a form of medical insurance?
-Business overhead expense
-Surgical expense
-Hospital expense
-Long term care - ANSWER-Business overhead expense
(Explanation:Business Overhead Expense insurance is designed to
reimburse a business for overhead expenses in the event a business
owner becomes disabled. Expenses such as rent, utilities, telephone,
equipment, employees' salaries, etc.)

All of the following are state or federal government programs that
provide health insurance, EXCEPT?
-Medicare
-OASDI disability
-Medicaid
-Medigap - ANSWER-Medigap (Explanation:A Medigap policy is a
Medicare supplement insurance policy sold by private insurance
companies to fill "gaps" in Medicare Parts A and B.)

What type of health insurance is available to assist low-income
individuals?
-Social Security disability
-Medicare supplement
-Medicare
-Medicaid - ANSWER-Medicaid

What types of reserves are set aside and held by health insurance
companies?

Nursedocs@2024

,-Premium reserves #z


-Premium and Claims reserves #z #z #z


-Claims reserves #z


-Deductible and Premium reserves - ANSWER-Premium and #z #z #z #z #z #z


Claims reserves (Explanation:Reserves are set aside for the
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payment of future claims.)
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Group health insurance is generally written on a basis that provides for
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dividends or experience rating. What is the basis called?
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-Contributory
-Noncontributory
-Nonparticipating
-Participating - ANSWER-Participating (Explanation:Group plans
#z #z #z #z


written by mutual companies provide for dividends while stock
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companies frequently issue experience-rated plans.)
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Which of the following is NOT TRUE regarding eligibility for
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subsidies for families under the new health care act?
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-For those who make between 100-400% of the Federal Poverty -Level
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-Cannot be covered by an employer
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-Cannot be eligible for Medicare
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-Can be eligible for Medicaid - ANSWER-Can be eligible for Medicaid
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Which of the following operates as a corporation, society, or
#z #z #z #z #z #z #z #z #z


association to provide life insurance primarily for the mutual benefit
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of its members, has a lodge or social system with rituals and
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representative form of government?
#z #z #z #z


A) Mutual companies #z


B) Fraternal associations #z


C) Stock companies #z


-Fraternal benefit society - ANSWER-B) Fraternal associations
#z #z #z #z #z #z




What does each member pay in a typical HMO plan?
#z #z #z #z #z #z #z #z #z


-Fixed premium based on a deductible and copay
#z #z #z #z #z #z #z


-Fixed premium whether or not plan is used
#z #z #z #z #z #z #z




Nursedocs@2024

, -Premium based on how often plan is used - ANSWER-Fixed premium
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whether or not plan is used
#z #z #z #z #z #z




Which of the following is correct about those who are eligible for
#z #z #z #z #z #z #z #z #z #z #z


Medicare and wish to join an HMO?
#z #z #z #z #z #z #z


-They must have a current Medicare supplement policy
#z #z #z #z #z #z #z


-They must be told that they are disenrolled from Medicare
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-They must be age 70 and above
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-They must have been enrolled previously in an HMO - ANSWER-
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They must be told that they are disenrolled from Medicare
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Joyce is totally disabled. Her HMO policy just terminated. All of the
#z #z #z #z #z #z #z #z #z #z #z


following are correct regarding "extension of benefits" for Joyce,
#z #z #z #z #z #z #z #z #z


EXCEPT?
#z


-Coverage ends once maximum benefits have been exhausted
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-Coverage ends once another carrier assumes coverage
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-Coverage ends if no longer totally disabled
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-Coverage ends after 18 months - ANSWER-Coverage ends after 18
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months
#z




All of the following are correct regarding Florida regulation of HMOs,
#z #z #z #z #z #z #z #z #z #z


EXCEPT?
#z


-Must obtain a Certificate of Authority
#z #z #z #z #z


-Must file a report of its activities within 3 months of the end of each
#z #z #z #z #z #z #z #z #z #z #z #z #z #z


fiscal year
#z #z


-Must deposit $100,000 with the Rehabilitation Administration Expense
#z #z #z #z #z #z #z


Fund
#z


-Must be sold by agents licensed and appointed as health
#z #z #z #z #z #z #z #z #z


insurance agents - ANSWER-Must deposit $100,000 with the
#z #z #z #z #z #z #z #z


Rehabilitation Administration Expense Fund (Explanation:
#z #z #z #z #z


They must deposit $10,000 with the Rehabilitation
#z #z #z #z #z #z


Administration Expense Fund.)
#z #z #z




What is "capitation" as it relates to an HMO?
#z #z #z #z #z #z #z #z




Nursedocs@2024
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Institution
Health Insurance Florida 2-40 Practice
Course
Health Insurance Florida 2-40 Practice

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Uploaded on
January 7, 2026
Number of pages
96
Written in
2025/2026
Type
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