Florida Health Insurance Exam Latest Update with Complete Solutions
Florida Health Insurance Exam Latest
Update with Complete Solutions
Accident - ✔-An unplanned, unforeseen event which occurs suddenly and at an unspecified place
Accident Insurance - ✔-A type of insurance that protects the insured against loss due to accidental
bodily injury
Accidental Bodily Injury - ✔-Unplanned, unforeseen traumatic injury to the body
Accidental Death and Dismemberment - ✔-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
Accidental Death Benefits - ✔-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
Activities of Daily Living - ✔-Activities individuals must do every day such as moving about, getting
dressed, eating, bathing, etc.
Actual Charge - ✔-The amount a physician or supplier actually bills for a particular service or supply
Adhesion - ✔-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
Admitted (Authorized) Insurer - ✔-An insurance company authorized and licensed to transact
insurance in a particular state
Adult Day Care - ✔-A program for impaired adults that attempts to meet their health, social, and
functional needs in a setting away from their homes
Florida Health Insurance Exam Latest Update with Complete Solutions
, Florida Health Insurance Exam Latest Update with Complete Solutions
Adverse Selection - ✔-The tendency of risks with higher probability of loss to purchase and maintain
insurance more often than the risks who present lower probability
Agent - ✔-An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the
insurer
Aleatory - ✔-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
Alien Insurer - ✔-An insurance company that is incorporated outside the USA
Apparent Authority - ✔-The appearance or the assumption of authority based on the actions, words, or
deeds of the principal or because of circumstances the principal created
Approved Amount - ✔-The amount Medicare determines to be reasonable for a service that is covered
under Part B of Medicare
Assignment - ✔-A claim to a provider or medical supplier to receive payments directly from Medicare
Attained Age - ✔-The age of the insured at a determined date
Attending Physician's Statement (APS) - ✔-A statement usually obtained from the applicant's doctor
Avoidance - ✔-A method of dealing with risk (e.g. if a person wanted to avoid the risk of being killed in
an airplane crash, he/she might choose never to fly in a plane)
Basic Hospital Expense Insurance - ✔-Coverage that provides benefits for room, board and
miscellaneous hospital expenses for a certain number of days during a hospital stay
Florida Health Insurance Exam Latest Update with Complete Solutions
Florida Health Insurance Exam Latest
Update with Complete Solutions
Accident - ✔-An unplanned, unforeseen event which occurs suddenly and at an unspecified place
Accident Insurance - ✔-A type of insurance that protects the insured against loss due to accidental
bodily injury
Accidental Bodily Injury - ✔-Unplanned, unforeseen traumatic injury to the body
Accidental Death and Dismemberment - ✔-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
Accidental Death Benefits - ✔-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
Activities of Daily Living - ✔-Activities individuals must do every day such as moving about, getting
dressed, eating, bathing, etc.
Actual Charge - ✔-The amount a physician or supplier actually bills for a particular service or supply
Adhesion - ✔-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
Admitted (Authorized) Insurer - ✔-An insurance company authorized and licensed to transact
insurance in a particular state
Adult Day Care - ✔-A program for impaired adults that attempts to meet their health, social, and
functional needs in a setting away from their homes
Florida Health Insurance Exam Latest Update with Complete Solutions
, Florida Health Insurance Exam Latest Update with Complete Solutions
Adverse Selection - ✔-The tendency of risks with higher probability of loss to purchase and maintain
insurance more often than the risks who present lower probability
Agent - ✔-An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the
insurer
Aleatory - ✔-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
Alien Insurer - ✔-An insurance company that is incorporated outside the USA
Apparent Authority - ✔-The appearance or the assumption of authority based on the actions, words, or
deeds of the principal or because of circumstances the principal created
Approved Amount - ✔-The amount Medicare determines to be reasonable for a service that is covered
under Part B of Medicare
Assignment - ✔-A claim to a provider or medical supplier to receive payments directly from Medicare
Attained Age - ✔-The age of the insured at a determined date
Attending Physician's Statement (APS) - ✔-A statement usually obtained from the applicant's doctor
Avoidance - ✔-A method of dealing with risk (e.g. if a person wanted to avoid the risk of being killed in
an airplane crash, he/she might choose never to fly in a plane)
Basic Hospital Expense Insurance - ✔-Coverage that provides benefits for room, board and
miscellaneous hospital expenses for a certain number of days during a hospital stay
Florida Health Insurance Exam Latest Update with Complete Solutions
