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HEALTH INSURANCE FLORIDA 2-40 PRACTICE
EXAM QUESTIONS 1 2026| CERTIFIED EXAM
WITH ANSWERS
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)-
correct-answer -Fair Credit Reporting Act (Insurance Information and Privacy
Protection Act)
Which of the following types of provisions guarantees renewability to a specified
date or age unless certain specified events occur?
-Noncancellable
-Optionally Renewable
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-Guaranteed Renewable
-Conditionally Renewable- correct-answer -Conditionally Renewable
In an Accidental Death and Dismemberment (AD&D) policy, the term "capital
sum" refers to:
-the benefit paid for death caused by a dread disease
-the monthly disability income paid if an insured loses a limb or the sight in one or
both eyes
-a lump sum payment made when disease causes the amputation of an arm or a
leg
-a lump sum payment made for an accidental dismemberment- correct-answer -a
lump sum payment made for an accidental dismemberment
The PRIMARY purpose of Medicaid is to:
-pay for expenses not covered by Medicare
-provide Disability Income benefits to people on Medicare
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-provide Medical Expense coverage to persons meeting certain minimum income
requirements
-provide funds for people injured in natural disasters- correct-answer -provide
Medical Expense coverage to persons meeting certain minimum income
requirements
A health care plan that reimburses a flat fee for medical care it provides at a clinic
it owns and operates is referred to as:
-Health Maintenance Organization
-Medicaid
-Medicare
-a Multiple Employer Trust (MET)- correct-answer -Health Maintenance
Organization
A health care plan designed to combine small employers together into a group to
purchase medical expense insurance for their employees is called a:
-risk retention group
HEALTH INSURANCE FLORIDA 2-40 PRACTICE
EXAM QUESTIONS 1 2026| CERTIFIED EXAM
WITH ANSWERS
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)-
correct-answer -Fair Credit Reporting Act (Insurance Information and Privacy
Protection Act)
Which of the following types of provisions guarantees renewability to a specified
date or age unless certain specified events occur?
-Noncancellable
-Optionally Renewable
,2|Page
-Guaranteed Renewable
-Conditionally Renewable- correct-answer -Conditionally Renewable
In an Accidental Death and Dismemberment (AD&D) policy, the term "capital
sum" refers to:
-the benefit paid for death caused by a dread disease
-the monthly disability income paid if an insured loses a limb or the sight in one or
both eyes
-a lump sum payment made when disease causes the amputation of an arm or a
leg
-a lump sum payment made for an accidental dismemberment- correct-answer -a
lump sum payment made for an accidental dismemberment
The PRIMARY purpose of Medicaid is to:
-pay for expenses not covered by Medicare
-provide Disability Income benefits to people on Medicare
, 3|Page
-provide Medical Expense coverage to persons meeting certain minimum income
requirements
-provide funds for people injured in natural disasters- correct-answer -provide
Medical Expense coverage to persons meeting certain minimum income
requirements
A health care plan that reimburses a flat fee for medical care it provides at a clinic
it owns and operates is referred to as:
-Health Maintenance Organization
-Medicaid
-Medicare
-a Multiple Employer Trust (MET)- correct-answer -Health Maintenance
Organization
A health care plan designed to combine small employers together into a group to
purchase medical expense insurance for their employees is called a:
-risk retention group
