Health Insurance Florida 2-40 Practice
Exam Questions 1
Which of the following laws requires an insurer to notify an applicant in
writing that an investigative consumer report may be made on the
applicant?
-Uniform Provisions Law.
-Freedom of Information Act.
-Medical Information Bureau Disclosure Act
-Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act) - ANSWER-Fair Credit Reporting Act (Insurance Information and
Privacy Protection Act)
Group health insurance specifies that what percentage of eligible
individuals MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 - ANSWER-100
Under an Accidental Death and Dismemberment (AD&D) policy,
insurable interest must exist at which of the following times?
,-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted - ANSWER-At the inception of the
policy
When periodic claim payments are required under a long-term
disability income policy, an insurer MUST make payments to an insured
at least once every:
-month
-three months
-six months
-year - ANSWER-month
M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business
if either of them should become permanently disabled. In this situation,
a producer would MOST likely recommend which of the following types
of contracts?
-Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income - ANSWER-Disability Buy-Out
, Which of the following health policies requires a beneficiary
designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - ANSWER-Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with
in which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions - ANSWER-Exclusions
An insured whose Disability Income policy contains a Change of
Occupation clause takes a new job in a more hazardous occupation and
fails to notify the insurer of the change. One year later, the insured
becomes disabled. The insurer will most likely take which of the
following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have
purchased under the more hazardous occupation
Exam Questions 1
Which of the following laws requires an insurer to notify an applicant in
writing that an investigative consumer report may be made on the
applicant?
-Uniform Provisions Law.
-Freedom of Information Act.
-Medical Information Bureau Disclosure Act
-Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act) - ANSWER-Fair Credit Reporting Act (Insurance Information and
Privacy Protection Act)
Group health insurance specifies that what percentage of eligible
individuals MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 - ANSWER-100
Under an Accidental Death and Dismemberment (AD&D) policy,
insurable interest must exist at which of the following times?
,-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted - ANSWER-At the inception of the
policy
When periodic claim payments are required under a long-term
disability income policy, an insurer MUST make payments to an insured
at least once every:
-month
-three months
-six months
-year - ANSWER-month
M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business
if either of them should become permanently disabled. In this situation,
a producer would MOST likely recommend which of the following types
of contracts?
-Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income - ANSWER-Disability Buy-Out
, Which of the following health policies requires a beneficiary
designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - ANSWER-Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with
in which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions - ANSWER-Exclusions
An insured whose Disability Income policy contains a Change of
Occupation clause takes a new job in a more hazardous occupation and
fails to notify the insurer of the change. One year later, the insured
becomes disabled. The insurer will most likely take which of the
following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have
purchased under the more hazardous occupation
