Florida 2-40 HealtH insurance exam |
2026/2027 actual exam – 50 VeriFied
Questions and correct answers |
Florida HealtH insurance agent license
Which of the following laws requires an insurer to notify an applicant in writing
that an investigative consumer report may be made on the applicant?
-Uniform Provisions Law.
-Freedom of Information Act.
-Medical Information Bureau Disclosure Act
-Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) -
Answer-Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act)
Group health insurance specifies that what percentage of eligible individuals
MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 - Answer-100
A health care plan designed to combine small employers together into a group to
purchase medical expense insurance for their employees is called a:
-risk retention group
-Multiple Employer Trust (MET)
,-Preferred Provider Organization (PPO)
-Third Party Administrator (TPA) - Answer-Multiple Employer Trust (MET)
Medicare Supplement policies are primarily designed to:
-offset the high cost of Medicare
-provide additional retirement income to supplement Social Security retirement
benefits
-provide additional benefits beyond those provided by Medicare
-provide a reinsurance network that spreads the Medicare risk among private
insurance companies - Answer-provide additional benefits beyond those provided
by Medicare
An applicant for insurance submits an application to an insurer for underwriting
but does not forward any premium payment with the application. Legally, the
applicant is making
-an inquiry for an offer
-an offer
-a counteroffer
-an acceptance - Answer-an inquiry for an offer
Which of the following statements is CORRECT about a Waiver of Premium
provision in a Disability Income policy?
-It allows the insurer to deduct premiums due from the disabled insured's benefit
payments.
-It allows the insurer to increase the amount of premium during the insured's time
of disability.
, -It allows the insured to extend the length of the Grace Period while disabled.
-It allows the insured to maintain a policy in force while disabled and unable to
pay premiums. - Answer-It allows the insured to maintain a policy in force while
disabled and unable to pay premiums.
Which of the following provisions explains that a producer does not have the
authority to waive the provisions of an insurance contract?
-Legal actions
-Reinstatement
-Time limit on certain defenses
-Entire Contract - Answer-Entire Contract
Which of the following statements is CORRECT about a Disability Income policy
with a Guaranteed Insurability rider?
-The insured may periodically increase the amount of benefits payable under the
policy.
-The insured may assign the policy to a member of the insured's family.
-The insurer is not permitted to cancel the policy.
-The insurer will issue the policy without a medical examination. - Answer-The
insured may periodically increase the amount of benefits payable under the
policy.
An insurer must provide claim forms to an insured within a MAXIMUM of how
many days after receiving notice of an Accident & Health claim?
-Five
-Fifteen
2026/2027 actual exam – 50 VeriFied
Questions and correct answers |
Florida HealtH insurance agent license
Which of the following laws requires an insurer to notify an applicant in writing
that an investigative consumer report may be made on the applicant?
-Uniform Provisions Law.
-Freedom of Information Act.
-Medical Information Bureau Disclosure Act
-Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) -
Answer-Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act)
Group health insurance specifies that what percentage of eligible individuals
MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 - Answer-100
A health care plan designed to combine small employers together into a group to
purchase medical expense insurance for their employees is called a:
-risk retention group
-Multiple Employer Trust (MET)
,-Preferred Provider Organization (PPO)
-Third Party Administrator (TPA) - Answer-Multiple Employer Trust (MET)
Medicare Supplement policies are primarily designed to:
-offset the high cost of Medicare
-provide additional retirement income to supplement Social Security retirement
benefits
-provide additional benefits beyond those provided by Medicare
-provide a reinsurance network that spreads the Medicare risk among private
insurance companies - Answer-provide additional benefits beyond those provided
by Medicare
An applicant for insurance submits an application to an insurer for underwriting
but does not forward any premium payment with the application. Legally, the
applicant is making
-an inquiry for an offer
-an offer
-a counteroffer
-an acceptance - Answer-an inquiry for an offer
Which of the following statements is CORRECT about a Waiver of Premium
provision in a Disability Income policy?
-It allows the insurer to deduct premiums due from the disabled insured's benefit
payments.
-It allows the insurer to increase the amount of premium during the insured's time
of disability.
, -It allows the insured to extend the length of the Grace Period while disabled.
-It allows the insured to maintain a policy in force while disabled and unable to
pay premiums. - Answer-It allows the insured to maintain a policy in force while
disabled and unable to pay premiums.
Which of the following provisions explains that a producer does not have the
authority to waive the provisions of an insurance contract?
-Legal actions
-Reinstatement
-Time limit on certain defenses
-Entire Contract - Answer-Entire Contract
Which of the following statements is CORRECT about a Disability Income policy
with a Guaranteed Insurability rider?
-The insured may periodically increase the amount of benefits payable under the
policy.
-The insured may assign the policy to a member of the insured's family.
-The insurer is not permitted to cancel the policy.
-The insurer will issue the policy without a medical examination. - Answer-The
insured may periodically increase the amount of benefits payable under the
policy.
An insurer must provide claim forms to an insured within a MAXIMUM of how
many days after receiving notice of an Accident & Health claim?
-Five
-Fifteen
