Florida Health and Life Insurance State
Exam
Which Accident and Health policy provision addresses preexisting
conditions? correct
answersTime Limit on Certain
Defenses
Which of the following individual health insurance policies will provide
the broadestcorrect answersMajor
protection?
Medical
Which of the following situations does NOT apply to the Florida
Replacement
correct Rule?existing policyholder purchases an additional policy
answersAn
from the same
insure
r
Agent J takes an application and initial premium from an applicant and
sends the and premium check to the insurance company. The insurance
application
returns the check back to J because the check is made out to J instead of the
company
insurance
company. What action should J take? correct answersReturn to the
customer,
new checkcollect
made out
a to the insurance company, and send the new check
out to the
insurance
company
Under which of the following circumstances will the benefits under COBRA
coverage end? correct answersAll group health plans are terminated by
continuation
the employer
Which type of renewability best describes a Disability Income policy that
covers an until the age of 65, but the insurer has the right to change the
individual
premium
for the overall
rate risk class? correct answersGarunteed
Renewable
An incomplete life insurance application submitted to an insurer will result
in which
these of
actions? correct answersApplication will be returned to the
writting agent
The waiting period for a pre-existing condition under a Medicare Supplement
policygomay
NOT beyond correct answers6
Months
Which of these statements is INCORRECT regarding the federal income tax
treatment
of life insurance? correct answersEntire cash surrender value
is taxable
Which of these is considered a mandatory provision? correct
answersPayment of
Claim
s
Which of the following actions will an insurance company most likely NOT
take if an who has diabetes, applies for a Disability Income
applicant,
policy? correctthe policy with an altered Time of Payment of Claims
answersIssue
provision
, Which of the following phrases refers to the fees charged by a healthcare
professional?
correct answersUsual, customary, and reasonable
expenses
D was actively serving in the Marines when he was killed in an
automobile
while on leave.
accident
His $100,000 Whole life policy contains a War Exclusion
clause.will
much HowD's beneficiary's receive? correct answersThe full
face amount
N is covered under an individual Disability policy with a 30-day Elimination
period and
monthly benefit
a of $500. N is totally disabled for 3 1/2 months. N's total
benefit
on received
this claim is: correct
answers$1,250
No benefits are available during the elimination
period.
Who does an agent represent during the solicitation or insurance? correct
insurance
answersThe
company
Which of the following costs would a Basic Hospital/Surgical policy likely
answersSugically
cover? correct removing a facial
birthmark
The federal income tax treatment of employer-provided group
Medical Expense
insurance can be accurately described as: correct answersEmployee's
premiums
by paid is tax-deductible to the employer as a business
the employer
expenditure
Premiums paid by an employer for an employee's coverage are
deductibleas
employer byathe
buisness
expense
What must the policyowner provide to the insurer for validation that
a loss has correct answersproof of
occurred?
loss
Association Plans that are designed to provide health benefits to their
members are
regulated by the state because correct answersThey are insured by and
insure
authorized
r
Which of the following statements is CORRECT about the period in which a
Term
can bePolicy
converted? correct answersIt varies according to
contracts
When does a life insurance contract become effective if the initial
collected
premium is during
not the application process? correct answersWhen producer
delives
and policyinitial
collects
premium
A provision in a life insurance policy that pays the policyowner an amount
that does not surpass the guaranteed cash value is called the: correct
answersPolicy Loan Provision
Medicare Part A and Part B do no pay for: correct
answersDental Work
Exam
Which Accident and Health policy provision addresses preexisting
conditions? correct
answersTime Limit on Certain
Defenses
Which of the following individual health insurance policies will provide
the broadestcorrect answersMajor
protection?
Medical
Which of the following situations does NOT apply to the Florida
Replacement
correct Rule?existing policyholder purchases an additional policy
answersAn
from the same
insure
r
Agent J takes an application and initial premium from an applicant and
sends the and premium check to the insurance company. The insurance
application
returns the check back to J because the check is made out to J instead of the
company
insurance
company. What action should J take? correct answersReturn to the
customer,
new checkcollect
made out
a to the insurance company, and send the new check
out to the
insurance
company
Under which of the following circumstances will the benefits under COBRA
coverage end? correct answersAll group health plans are terminated by
continuation
the employer
Which type of renewability best describes a Disability Income policy that
covers an until the age of 65, but the insurer has the right to change the
individual
premium
for the overall
rate risk class? correct answersGarunteed
Renewable
An incomplete life insurance application submitted to an insurer will result
in which
these of
actions? correct answersApplication will be returned to the
writting agent
The waiting period for a pre-existing condition under a Medicare Supplement
policygomay
NOT beyond correct answers6
Months
Which of these statements is INCORRECT regarding the federal income tax
treatment
of life insurance? correct answersEntire cash surrender value
is taxable
Which of these is considered a mandatory provision? correct
answersPayment of
Claim
s
Which of the following actions will an insurance company most likely NOT
take if an who has diabetes, applies for a Disability Income
applicant,
policy? correctthe policy with an altered Time of Payment of Claims
answersIssue
provision
, Which of the following phrases refers to the fees charged by a healthcare
professional?
correct answersUsual, customary, and reasonable
expenses
D was actively serving in the Marines when he was killed in an
automobile
while on leave.
accident
His $100,000 Whole life policy contains a War Exclusion
clause.will
much HowD's beneficiary's receive? correct answersThe full
face amount
N is covered under an individual Disability policy with a 30-day Elimination
period and
monthly benefit
a of $500. N is totally disabled for 3 1/2 months. N's total
benefit
on received
this claim is: correct
answers$1,250
No benefits are available during the elimination
period.
Who does an agent represent during the solicitation or insurance? correct
insurance
answersThe
company
Which of the following costs would a Basic Hospital/Surgical policy likely
answersSugically
cover? correct removing a facial
birthmark
The federal income tax treatment of employer-provided group
Medical Expense
insurance can be accurately described as: correct answersEmployee's
premiums
by paid is tax-deductible to the employer as a business
the employer
expenditure
Premiums paid by an employer for an employee's coverage are
deductibleas
employer byathe
buisness
expense
What must the policyowner provide to the insurer for validation that
a loss has correct answersproof of
occurred?
loss
Association Plans that are designed to provide health benefits to their
members are
regulated by the state because correct answersThey are insured by and
insure
authorized
r
Which of the following statements is CORRECT about the period in which a
Term
can bePolicy
converted? correct answersIt varies according to
contracts
When does a life insurance contract become effective if the initial
collected
premium is during
not the application process? correct answersWhen producer
delives
and policyinitial
collects
premium
A provision in a life insurance policy that pays the policyowner an amount
that does not surpass the guaranteed cash value is called the: correct
answersPolicy Loan Provision
Medicare Part A and Part B do no pay for: correct
answersDental Work
