214 FLORIDA INSURANCE EXAM COMPREHENSIVE TEST
PAPER Questions with Correct Answers (Grade A+)
Question 1: Accident Insurance
Answer: A type of insurance that protects the insured against loss due to accidental bodily injury
Question 2: Accidental Bodily Injury
Answer: Unplanned, unforeseen traumatic injury to the body
Question 3: Accidental Death and Dismemberment
Answer: An insurance policy which pays a specified amount or a specified multiple of the insured's benefit
if the insured dies, loses his/her sight, or loses two limbs due to an accident
Question 4: Accidental Death Benefits
Answer: A policy rider that states that the cause of death will be analyzed to determine if it complies with
the policy description of accidental death
Question 5: Activities of Daily Living
Answer:
1. Activities individuals must do every day such as moving about
2. getting dressed
3. eating
4. bathing
5. etc.
Question 6: Actual Charge
Answer: The amount a physician or supplier actually bills for a particular service or supply
Question 7: Adhesion
Answer: A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option
is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured
Question 8: Admitted (Authorized) Insurer
Answer: An insurance company authorized and licensed to transact insurance in a particular state
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, Question 9: Adult Day Care
Answer: A program for impaired adults that attempts to meet their health, social, and functional needs in a
setting away from their homes
Question 10: Adverse Selection
Answer: The tendency of risks with higher probability of loss to purchase and maintain insurance more
often than the risks who present lower probability
Question 11: Agent
Answer: An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the
insurer
Question 12: Aleatory
Answer: A contract in which participating parties exchange unequal amounts. Insurance contracts are this in
that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event
of a loss
Question 13: Alien Insurer
Answer: An insurance company that is incorporated outside the USA
Question 14: Apparent Authority
Answer: The appearance or the assumption of authority based on the actions, words, or deeds of the
principal or because of circumstances the principal created
Question 15: Approved Amount
Answer: The amount Medicare determines to be reasonable for a service that is covered under Part B of
Medicare
Question 16: Assignment
Answer: A claim to a provider or medical supplier to receive payments directly from Medicare
Question 17: Attained Age
Answer: The age of the insured at a determined date
Question 18: Attending Physician's Statement (APS)
Answer: A statement usually obtained from the applicant's doctor
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PAPER Questions with Correct Answers (Grade A+)
Question 1: Accident Insurance
Answer: A type of insurance that protects the insured against loss due to accidental bodily injury
Question 2: Accidental Bodily Injury
Answer: Unplanned, unforeseen traumatic injury to the body
Question 3: Accidental Death and Dismemberment
Answer: An insurance policy which pays a specified amount or a specified multiple of the insured's benefit
if the insured dies, loses his/her sight, or loses two limbs due to an accident
Question 4: Accidental Death Benefits
Answer: A policy rider that states that the cause of death will be analyzed to determine if it complies with
the policy description of accidental death
Question 5: Activities of Daily Living
Answer:
1. Activities individuals must do every day such as moving about
2. getting dressed
3. eating
4. bathing
5. etc.
Question 6: Actual Charge
Answer: The amount a physician or supplier actually bills for a particular service or supply
Question 7: Adhesion
Answer: A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option
is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured
Question 8: Admitted (Authorized) Insurer
Answer: An insurance company authorized and licensed to transact insurance in a particular state
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, Question 9: Adult Day Care
Answer: A program for impaired adults that attempts to meet their health, social, and functional needs in a
setting away from their homes
Question 10: Adverse Selection
Answer: The tendency of risks with higher probability of loss to purchase and maintain insurance more
often than the risks who present lower probability
Question 11: Agent
Answer: An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the
insurer
Question 12: Aleatory
Answer: A contract in which participating parties exchange unequal amounts. Insurance contracts are this in
that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event
of a loss
Question 13: Alien Insurer
Answer: An insurance company that is incorporated outside the USA
Question 14: Apparent Authority
Answer: The appearance or the assumption of authority based on the actions, words, or deeds of the
principal or because of circumstances the principal created
Question 15: Approved Amount
Answer: The amount Medicare determines to be reasonable for a service that is covered under Part B of
Medicare
Question 16: Assignment
Answer: A claim to a provider or medical supplier to receive payments directly from Medicare
Question 17: Attained Age
Answer: The age of the insured at a determined date
Question 18: Attending Physician's Statement (APS)
Answer: A statement usually obtained from the applicant's doctor
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