Florida 2-40 health license chapter 1
Questions Complete With Correct
Answers
\Q\.Health insurance contracts are unilateral. What does that mean? - ANSWERS✔-Only one
party makes a legally enforceable promise
\Q\.What are the two types of expenses that are covered by health insurance? - ANSWERS✔-
Expenses related to health care, and expenses that compensate for loss of income
\Q\.Who is responsible for paying the cost of a medical examination required in the process of
underwriting? - ANSWERS✔-Insurer
\Q\.When must The Outline of Coverage be provided to the insured? - ANSWERS✔-No later
than policy delivery
\Q\.In health insurance, what is considered a sickness? - ANSWERS✔-An illness that first arises
while the policy is in force
\Q\.If an agent makes a correction on the application for health insurance, who must initial the
correct answer? - ANSWERS✔-The applicant
, \Q\.What is the purpose of the Outline of Coverage in health insurance? - ANSWERS✔-To
provide the insured full and fair disclosure about the policy issued
\Q\.What is the term used for a condition for which the insured has received diagnosis, care or
treatment during a specified period of time prior to the health policy issue? - ANSWERS✔-Pre-
existing condition
\Q\.What are the three types of risk rating classifications in health insurance? - ANSWERS✔-
Standard, substandard and preferred
\Q\.Who must sign a health insurance application? - ANSWERS✔-The policyowner, the insured
(if different), and the agent
\Q\.In health insurance, the policy itself and the insurance application form what? -
ANSWERS✔-The entire contract
\Q\.What is the entire contract in health insurance underwriting? - ANSWERS✔-The application
and the policy issued
\Q\.What report is used to assess risk associated with a health insurance applicant's lifestyle
and character? - ANSWERS✔-Investigative Consumer Report
\Q\.What is the term used for a written request for an insurer to issue an insurance contract
based on the provided information? - ANSWERS✔-Application
\Q\.What risk classification would require the highest premium for health insurance policy? -
ANSWERS✔-Substandard
Questions Complete With Correct
Answers
\Q\.Health insurance contracts are unilateral. What does that mean? - ANSWERS✔-Only one
party makes a legally enforceable promise
\Q\.What are the two types of expenses that are covered by health insurance? - ANSWERS✔-
Expenses related to health care, and expenses that compensate for loss of income
\Q\.Who is responsible for paying the cost of a medical examination required in the process of
underwriting? - ANSWERS✔-Insurer
\Q\.When must The Outline of Coverage be provided to the insured? - ANSWERS✔-No later
than policy delivery
\Q\.In health insurance, what is considered a sickness? - ANSWERS✔-An illness that first arises
while the policy is in force
\Q\.If an agent makes a correction on the application for health insurance, who must initial the
correct answer? - ANSWERS✔-The applicant
, \Q\.What is the purpose of the Outline of Coverage in health insurance? - ANSWERS✔-To
provide the insured full and fair disclosure about the policy issued
\Q\.What is the term used for a condition for which the insured has received diagnosis, care or
treatment during a specified period of time prior to the health policy issue? - ANSWERS✔-Pre-
existing condition
\Q\.What are the three types of risk rating classifications in health insurance? - ANSWERS✔-
Standard, substandard and preferred
\Q\.Who must sign a health insurance application? - ANSWERS✔-The policyowner, the insured
(if different), and the agent
\Q\.In health insurance, the policy itself and the insurance application form what? -
ANSWERS✔-The entire contract
\Q\.What is the entire contract in health insurance underwriting? - ANSWERS✔-The application
and the policy issued
\Q\.What report is used to assess risk associated with a health insurance applicant's lifestyle
and character? - ANSWERS✔-Investigative Consumer Report
\Q\.What is the term used for a written request for an insurer to issue an insurance contract
based on the provided information? - ANSWERS✔-Application
\Q\.What risk classification would require the highest premium for health insurance policy? -
ANSWERS✔-Substandard
