HEALTH INSURANCE FLORIDA 2-40 TEST BANK 2026:
300 HIGH-YIELD QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ | GUARANTEED PASS!!
__________ are set aside by an insurance company and designated for the payment
of future claims.
A) Reserves
B) Dividends
C) Capital accounts
D) Premiums
- answer-Reserves
'Insurance Transaction' includes?
A) Negotiations.
B) Informal conversation among producers.
C) Setting up an unattended brochure stand.
D) Taking a random phone survey.
- answer-Negotiations
A bank or credit union will not give a loan unless the borrower buys insurance
from a specific company. This is known as?
A) Misrepresentation
B) Rebating
C) Churning
D) Coercion
- answer-Coercion
(It is an unfair trade practice to enter into any agreement to commit, any act of
boycott, coercion, or intimidation resulting in an unreasonable restraint of, or
monopoly in, the business of insurance.)
A court reporter develops arthritis making it impossible to continue this
employment. The reporter now has other employment at a reduced salary and
receives a monthly benefit from an insurance contract due to which of the
following policy provisions?
A) Residual Disability
B) Recurrent Disability
,C) Partial Disability
D) Total Disability
- answer-Residual Disability
(Residual Disability recognizes one's ability to continue to work, but at a reduction
of earnings.Arthritis is what forms as a result of an injury from an accident or
otherwise, therefore it's considered a residual disability.)
A false statement in the application that can render the contract void, if material to
the acceptance of the risk, is known as a?
A) Representation
B) Concealment
C) Fraud
D) Misrepresentation
- answer-Misrepresentation
(A misrepresentation can render the contract void, if material to the acceptance of
the risk.)
A famous dancer decides to take out a special policy covering her legs for $1
million. What type of accident policy is this?
-Disability income policy
-Limited risk policy
-Major Medical policy
-Special risk policy
- answer-Special risk policy
A firm that provides administrative services for employers, acts as liaison between
the insurer and employer and processes claims, etc. is a(n)?
A) Third Party Administrator
B) Administrative Services Only
C) Staff Plan
D) Gatekeeper
- answer-Third Party Administrator
(The key words are acts as liaison between the insurer and employer.)
A health policy not conforming to the Uniform Individual Accident and Sickness
Policy Provisions Law...
A) Is invalid.
,B) May be voided.
C) Will be construed as if it conformed to the Law.
D) The insurer is fined and the policy corrected
- answer-Will be construed as if it conformed to the Law.
(According to the Conformity with State Statutes Provision (an Optional Uniform
Provision), any provision on the policy effective date that is in conflict with
statutes of the state is automatically amended to meet state requirements.)
A life agent may not sell which type of insurance?
A) Annuities
B) Viatical settlement broker
C) Limited credit insurance
D) Variable contracts
- answer-Limited credit insurance
(A life agent is appointed to also sell life insurance and fixed-dollar annuity
contracts, but no limited credit insurance.)
A Medical Expense Policy list of the amount the insurer will pay for each medical
expense incurred is known as a _____ _____ _____. ?
A) Conclusion of Benefits
B) Schedule of Benefits
C) Secluded Emergency Benefits
D) Social Insurance Benefits
- answer-Schedule of Benefits
(Under a Schedule of Benefits, the amount payable is itemized for each medical
expense covered by the plan.)
A policy that covers inpatient doctor visits and may be expanded to include
payment for office visits, diagnostic x-ray, laboratory charges, ambulance and
nurses expenses when not hospitalized, and maternity benefits for an additional
premium, is considered which of the following?
A) Medical Expense Policy
B) Basic Physician's Expense Policy
C) Major Medical Policy
D) Supplementary Major Medical Policy
- answer-Medical Expense Policy
, (Key word was in the question "expenses". The question is describing a Medical
Expense Policy, sometimes referred to as a Regular (Basic) Medical Expense
Policy.)
A procedure used by dental insurance carriers to determine the benefit to be paid is
known as?
A) Preliminary Evaluation
B) Pretreatment Examination
C) Precertification
D) Least Coverage Provision
- answer-Precertification
(Precertification or Predetermination of Benefits, although not normally
mandatory, allows both the patient and the dentist to know what will be covered
before treatment.)
A program designed to provide increased assistance to those who are unable to pay
for their medical needs is known as?
A) Medicaid (In California, Medi-Cal)
B) Medicare Part A
C) Supplemental Security Income
D) State Supplemental Payment Program
- answer-Medicaid (In California, Medi-Cal)
(Medicaid (in California, Medi-Cal) is the federal and state administered program
that provides increased assistance to those who are unable to pay for their own
medical needs.)
A specified period before new coverage goes into effect for a specified condition is
known as which of the following?
A) Waiting period
B) Exclusion
C) Probationary period
D) Morbidity table
- answer-Probationary period
(The question establishes a period before coverage goes into effect for specified
conditions, not a period before an employee is even eligible to enroll for group
benefits, which would be a waiting period.)
300 HIGH-YIELD QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ | GUARANTEED PASS!!
__________ are set aside by an insurance company and designated for the payment
of future claims.
A) Reserves
B) Dividends
C) Capital accounts
D) Premiums
- answer-Reserves
'Insurance Transaction' includes?
A) Negotiations.
B) Informal conversation among producers.
C) Setting up an unattended brochure stand.
D) Taking a random phone survey.
- answer-Negotiations
A bank or credit union will not give a loan unless the borrower buys insurance
from a specific company. This is known as?
A) Misrepresentation
B) Rebating
C) Churning
D) Coercion
- answer-Coercion
(It is an unfair trade practice to enter into any agreement to commit, any act of
boycott, coercion, or intimidation resulting in an unreasonable restraint of, or
monopoly in, the business of insurance.)
A court reporter develops arthritis making it impossible to continue this
employment. The reporter now has other employment at a reduced salary and
receives a monthly benefit from an insurance contract due to which of the
following policy provisions?
A) Residual Disability
B) Recurrent Disability
,C) Partial Disability
D) Total Disability
- answer-Residual Disability
(Residual Disability recognizes one's ability to continue to work, but at a reduction
of earnings.Arthritis is what forms as a result of an injury from an accident or
otherwise, therefore it's considered a residual disability.)
A false statement in the application that can render the contract void, if material to
the acceptance of the risk, is known as a?
A) Representation
B) Concealment
C) Fraud
D) Misrepresentation
- answer-Misrepresentation
(A misrepresentation can render the contract void, if material to the acceptance of
the risk.)
A famous dancer decides to take out a special policy covering her legs for $1
million. What type of accident policy is this?
-Disability income policy
-Limited risk policy
-Major Medical policy
-Special risk policy
- answer-Special risk policy
A firm that provides administrative services for employers, acts as liaison between
the insurer and employer and processes claims, etc. is a(n)?
A) Third Party Administrator
B) Administrative Services Only
C) Staff Plan
D) Gatekeeper
- answer-Third Party Administrator
(The key words are acts as liaison between the insurer and employer.)
A health policy not conforming to the Uniform Individual Accident and Sickness
Policy Provisions Law...
A) Is invalid.
,B) May be voided.
C) Will be construed as if it conformed to the Law.
D) The insurer is fined and the policy corrected
- answer-Will be construed as if it conformed to the Law.
(According to the Conformity with State Statutes Provision (an Optional Uniform
Provision), any provision on the policy effective date that is in conflict with
statutes of the state is automatically amended to meet state requirements.)
A life agent may not sell which type of insurance?
A) Annuities
B) Viatical settlement broker
C) Limited credit insurance
D) Variable contracts
- answer-Limited credit insurance
(A life agent is appointed to also sell life insurance and fixed-dollar annuity
contracts, but no limited credit insurance.)
A Medical Expense Policy list of the amount the insurer will pay for each medical
expense incurred is known as a _____ _____ _____. ?
A) Conclusion of Benefits
B) Schedule of Benefits
C) Secluded Emergency Benefits
D) Social Insurance Benefits
- answer-Schedule of Benefits
(Under a Schedule of Benefits, the amount payable is itemized for each medical
expense covered by the plan.)
A policy that covers inpatient doctor visits and may be expanded to include
payment for office visits, diagnostic x-ray, laboratory charges, ambulance and
nurses expenses when not hospitalized, and maternity benefits for an additional
premium, is considered which of the following?
A) Medical Expense Policy
B) Basic Physician's Expense Policy
C) Major Medical Policy
D) Supplementary Major Medical Policy
- answer-Medical Expense Policy
, (Key word was in the question "expenses". The question is describing a Medical
Expense Policy, sometimes referred to as a Regular (Basic) Medical Expense
Policy.)
A procedure used by dental insurance carriers to determine the benefit to be paid is
known as?
A) Preliminary Evaluation
B) Pretreatment Examination
C) Precertification
D) Least Coverage Provision
- answer-Precertification
(Precertification or Predetermination of Benefits, although not normally
mandatory, allows both the patient and the dentist to know what will be covered
before treatment.)
A program designed to provide increased assistance to those who are unable to pay
for their medical needs is known as?
A) Medicaid (In California, Medi-Cal)
B) Medicare Part A
C) Supplemental Security Income
D) State Supplemental Payment Program
- answer-Medicaid (In California, Medi-Cal)
(Medicaid (in California, Medi-Cal) is the federal and state administered program
that provides increased assistance to those who are unable to pay for their own
medical needs.)
A specified period before new coverage goes into effect for a specified condition is
known as which of the following?
A) Waiting period
B) Exclusion
C) Probationary period
D) Morbidity table
- answer-Probationary period
(The question establishes a period before coverage goes into effect for specified
conditions, not a period before an employee is even eligible to enroll for group
benefits, which would be a waiting period.)
