Health Insurance Florida 2-40 Practice
Exam 2025 With Questions and
Answers 100% Pass Solution
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
Under an Accidental Death and Dismemberment (AD&D) policy, insurable
interest must exist at which of the following times?
-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted - ANSWER>>At the inception of the policy
When periodic claim payments are required under a long-term disability
income policy, an insurer MUST make payments to an insured at least
once every: -month
-three months
-six months
-year - ANSWER>>month
, M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business if
either of them should become permanently disabled. In this situation, a
producer would MOST likely recommend which of the following types of
contracts? -Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income - ANSWER>>Disability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - ANSWER>>Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in
which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions - ANSWER>>Exclusions
An insured whose Disability Income policy contains a Change of
Occupation clause takes a new job in a more hazardous occupation and
fails to notify the insurer of the change. One year later, the insured
becomes disabled. The insurer will most likely take which of the following
actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased
under the more hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment -
ANSWER>>Settle the claim according to what the premiums would have
purchased under the more hazardous occupation
Exam 2025 With Questions and
Answers 100% Pass Solution
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
Under an Accidental Death and Dismemberment (AD&D) policy, insurable
interest must exist at which of the following times?
-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted - ANSWER>>At the inception of the policy
When periodic claim payments are required under a long-term disability
income policy, an insurer MUST make payments to an insured at least
once every: -month
-three months
-six months
-year - ANSWER>>month
, M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business if
either of them should become permanently disabled. In this situation, a
producer would MOST likely recommend which of the following types of
contracts? -Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income - ANSWER>>Disability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - ANSWER>>Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in
which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions - ANSWER>>Exclusions
An insured whose Disability Income policy contains a Change of
Occupation clause takes a new job in a more hazardous occupation and
fails to notify the insurer of the change. One year later, the insured
becomes disabled. The insurer will most likely take which of the following
actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased
under the more hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment -
ANSWER>>Settle the claim according to what the premiums would have
purchased under the more hazardous occupation
