FLORIDA HEALTH 240 INSURANCE QUESTIONS WITH
COMPLETE SOLUTIONS
A customer is anyone - correct answer - With whom a company
has an ongoing relationship with.
Accident only insurance - correct answer - Coverage for accident
excludes sickness.
Accidental Bodily Injury - correct answer - Unplanned, unforeseen
traumatic injury to the body.
Accidental death and dismemberment - correct answer - Can be
rider in life insurance, part of disability insurance, part of health
insurance, or separate policy separate.
AD&D - correct answer - Covers life insurance and health
insurance benefit.
Additional monthly benefit - correct answer - Additional benefits in
the initial 6 to 12 months of a claim.
,Adhesion Contract - correct answer - Insurance company drafts
contract and the insured adheres to it. Any ambiguity resolved in
favor of the insured.
Administrative services only - correct answer - Funds all claims
and manages paperwork for claims.
adverse selection - correct answer - A tendency for risk to seek and
be covered for insurance more often than average risks.
adverse selection - correct answer - Group of risks insured is more
likely than average group to experience loss.
Aggregate claim - correct answer - limit is a contract provision
used in insurance to limit the amount that can be paid in the policy
period.
Aleatory Contract - correct answer - A contract under which one
party's performance is contingent on an uncertain event.
Alien Insurer - correct answer - An insurer domiciled in a country
other than the United States.
,All cause deductible - correct answer - Cumulative or calendar
year deductible.
All or nothing rider - correct answer - Insured paid only if social
security pays nothing
Ambulatory outpatient care - correct answer - Opérate in hospital
outpatient departments
Annual Renewable Term - correct answer - Level term insurance
which has a level face amount and increasing premiums.
Annuity - correct answer - Policy designed to protect against the
risk of living too long.
Apparent Authority - correct answer - A third party's reasonable
belief that an agent has authority to act on the principal's behalf.
applicants - correct answer - Individual who fills out application for
the insurance.
Applicants for insurance must be given advance notice about all info
except - correct answer - Person collecting information
, application form - correct answer - A form that gives a company
basic information about you. General, medical, agent statement,
and proper signatures.
ASO contract - correct answer - administrative services only
contract. Insurer provides claims admin claims and makes
payments and employer provides funds.
assisted living facility - correct answer - a resident facility designed
to provide assistance and supervision to residents on an
intermittent basis.
Association or labor group - correct answer - Group insurance for
labor organizations. Must Have a constitution and bylaws, organized
and maintain good faith, cover members for their employer benefit.
Attending Physician's Statement (APS) - correct answer - A
statement usually obtained from the applicant's doctor. More info
about a specific information about a condition.
Avoidance - correct answer - Choosing the option that is most
likely to avoid the worst possible result.
COMPLETE SOLUTIONS
A customer is anyone - correct answer - With whom a company
has an ongoing relationship with.
Accident only insurance - correct answer - Coverage for accident
excludes sickness.
Accidental Bodily Injury - correct answer - Unplanned, unforeseen
traumatic injury to the body.
Accidental death and dismemberment - correct answer - Can be
rider in life insurance, part of disability insurance, part of health
insurance, or separate policy separate.
AD&D - correct answer - Covers life insurance and health
insurance benefit.
Additional monthly benefit - correct answer - Additional benefits in
the initial 6 to 12 months of a claim.
,Adhesion Contract - correct answer - Insurance company drafts
contract and the insured adheres to it. Any ambiguity resolved in
favor of the insured.
Administrative services only - correct answer - Funds all claims
and manages paperwork for claims.
adverse selection - correct answer - A tendency for risk to seek and
be covered for insurance more often than average risks.
adverse selection - correct answer - Group of risks insured is more
likely than average group to experience loss.
Aggregate claim - correct answer - limit is a contract provision
used in insurance to limit the amount that can be paid in the policy
period.
Aleatory Contract - correct answer - A contract under which one
party's performance is contingent on an uncertain event.
Alien Insurer - correct answer - An insurer domiciled in a country
other than the United States.
,All cause deductible - correct answer - Cumulative or calendar
year deductible.
All or nothing rider - correct answer - Insured paid only if social
security pays nothing
Ambulatory outpatient care - correct answer - Opérate in hospital
outpatient departments
Annual Renewable Term - correct answer - Level term insurance
which has a level face amount and increasing premiums.
Annuity - correct answer - Policy designed to protect against the
risk of living too long.
Apparent Authority - correct answer - A third party's reasonable
belief that an agent has authority to act on the principal's behalf.
applicants - correct answer - Individual who fills out application for
the insurance.
Applicants for insurance must be given advance notice about all info
except - correct answer - Person collecting information
, application form - correct answer - A form that gives a company
basic information about you. General, medical, agent statement,
and proper signatures.
ASO contract - correct answer - administrative services only
contract. Insurer provides claims admin claims and makes
payments and employer provides funds.
assisted living facility - correct answer - a resident facility designed
to provide assistance and supervision to residents on an
intermittent basis.
Association or labor group - correct answer - Group insurance for
labor organizations. Must Have a constitution and bylaws, organized
and maintain good faith, cover members for their employer benefit.
Attending Physician's Statement (APS) - correct answer - A
statement usually obtained from the applicant's doctor. More info
about a specific information about a condition.
Avoidance - correct answer - Choosing the option that is most
likely to avoid the worst possible result.
