Florida Laws and Rules Pertinent to
Insurance CH. 8/ Contains 55 Questions
and Answers/ Already Graded A+ 2024-
2025.
Which of the following is NOT required in the Outline of Coverage for a health
insurance policy?
Explanation of the policy's benefits
Listing of the policy's exclusions and limitations
1|Page
,Projection of the policy's future costs
Explanation of the policy's renewal and cancellation provisions
- ANS: Projection of the policy's future costs
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?
Five
Ten
Twenty
Thirty - ANS: Twenty
What do Dread Disease policies cover?
A specific disease or illness
All diseases or illnesses
Only terminal illnesses
Only heart-related diseases - ANS: A specific disease or illness
What type of insurance company is domiciled in England, but conducts business in
Florida?
Foreign
Domestic
2|Page
, Alien
Transatlantic - ANS: Alien
A Multiple Employer Welfare Arrangement (MEWA) provides what type of
benefits?
Unemployment
Banking
Retirement
Insurance - ANS: Insurance
Which of these is NOT a legal entity for selling life insurance in Florida?
Independent agency system
Risk management advisers
Career agency system
Personal producing general agency - ANS: Risk management advisers
According to Florida law, group life insurance conversion privileges must NOT
allow the converted policy to exceed 75% of the original group life amount
3|Page
Insurance CH. 8/ Contains 55 Questions
and Answers/ Already Graded A+ 2024-
2025.
Which of the following is NOT required in the Outline of Coverage for a health
insurance policy?
Explanation of the policy's benefits
Listing of the policy's exclusions and limitations
1|Page
,Projection of the policy's future costs
Explanation of the policy's renewal and cancellation provisions
- ANS: Projection of the policy's future costs
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?
Five
Ten
Twenty
Thirty - ANS: Twenty
What do Dread Disease policies cover?
A specific disease or illness
All diseases or illnesses
Only terminal illnesses
Only heart-related diseases - ANS: A specific disease or illness
What type of insurance company is domiciled in England, but conducts business in
Florida?
Foreign
Domestic
2|Page
, Alien
Transatlantic - ANS: Alien
A Multiple Employer Welfare Arrangement (MEWA) provides what type of
benefits?
Unemployment
Banking
Retirement
Insurance - ANS: Insurance
Which of these is NOT a legal entity for selling life insurance in Florida?
Independent agency system
Risk management advisers
Career agency system
Personal producing general agency - ANS: Risk management advisers
According to Florida law, group life insurance conversion privileges must NOT
allow the converted policy to exceed 75% of the original group life amount
3|Page
