FL - 240 EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
A __ day notice to the policyholder is required for any
health insurer that wishes to cancel a health insurance
policy. - correct answer - 45 Day
A person insured under a health policy is required to give
the insurance company a Notice of Claim within how
many days after a covered loss? - correct answer - 20
Days
A stock life insurance company that issues both
participating and nonparticipating policies is doing
business on - correct answer - mixed plan
An ___ of benefits of a Health Policy transfers payments to
someone other than the policyowner - correct answer -
assignment
An application for Medicare Supplement coverage may
NOT be denied by the insurer if the application was
submitted within ___ month(s) after the applicant reaches
the age of 65. - correct answer - 6 Months
, An insurance company must act on an Accident and
Health insurance application for reinstatement within __
days - correct answer - 45 (must reject or becomes auto
reinstated)
An insurer must provide an insured with claim forms
within ___ days after receiving notice of a loss - correct
answer - 15 Days
Florida requires that coverage for newborns begins "from
the moment of birth" and continues for - correct answer
- 18 Months
How many hours of continuing education must a newly
licensed agent complete every two years? - correct
answer - 24 Hours
In Florida, a health policy that is paid on a quarterly basis
requires a grace period of - correct answer - 31 Days
In Florida, how many days are covered individuals
guaranteed coverage after a group plan's termination? -
correct answer - 31 Days
SOLUTIONS
A __ day notice to the policyholder is required for any
health insurer that wishes to cancel a health insurance
policy. - correct answer - 45 Day
A person insured under a health policy is required to give
the insurance company a Notice of Claim within how
many days after a covered loss? - correct answer - 20
Days
A stock life insurance company that issues both
participating and nonparticipating policies is doing
business on - correct answer - mixed plan
An ___ of benefits of a Health Policy transfers payments to
someone other than the policyowner - correct answer -
assignment
An application for Medicare Supplement coverage may
NOT be denied by the insurer if the application was
submitted within ___ month(s) after the applicant reaches
the age of 65. - correct answer - 6 Months
, An insurance company must act on an Accident and
Health insurance application for reinstatement within __
days - correct answer - 45 (must reject or becomes auto
reinstated)
An insurer must provide an insured with claim forms
within ___ days after receiving notice of a loss - correct
answer - 15 Days
Florida requires that coverage for newborns begins "from
the moment of birth" and continues for - correct answer
- 18 Months
How many hours of continuing education must a newly
licensed agent complete every two years? - correct
answer - 24 Hours
In Florida, a health policy that is paid on a quarterly basis
requires a grace period of - correct answer - 31 Days
In Florida, how many days are covered individuals
guaranteed coverage after a group plan's termination? -
correct answer - 31 Days
