PREP Exam: FLORIDA HEALTH LAWS AND RULES Questions and
Answers with 100% Correct Answers Already Graded A+
An agent's license can be suspended or revoked by - (ANSWER)writing primarily controlled business
What is the purpose of the Insurance Guaranty Fund Association? - (ANSWER)Protects policyowners
against insolvent insurance companies
Florida requires that coverage for newborns begins "from the moment of birth" and continues for -
(ANSWER)18 months
What percentage of eligible persons must a policy cover in a noncontributory group? - (ANSWER)100%
In Florida, a health policy that is paid on a quarterly basis requires a grace period of - (ANSWER)31 days
What type of insurance company is domiciled in England, but conducts business in Florida? -
(ANSWER)Alien
In Florida, monthly-premium health insurance policies must provide a grace period of at least -
(ANSWER)10 days
An applicant who pays the initial premium at the time of application is typically given a(n) -
(ANSWER)conditional receipt
What would be an accurate definition of "controlled business"? - (ANSWER)Insurance business that is
written on the agent's own life, property, or interests
In Florida, the underwriting and issuance of a master group health policy requires that all employees -
(ANSWER)are eligible to participate, regardless of their individual health history
An example of an unfair claims practice would be - (ANSWER)failing to effectuate prompt, fair, and
equitable settlements of a claim
, PREP Exam: FLORIDA HEALTH LAWS AND RULES Questions and
Answers with 100% Correct Answers Already Graded A+
Which action could result in a hearing being ordered by the Department of Financial Services? -
(ANSWER)Performing insurance transactions without a license
In Florida, which of the following practitioners normally do NOT receive payment from health insurance
policies? - (ANSWER)Naturopaths
Which entity approves the insurance policy forms used in Florida? - (ANSWER)Office of Insurance
Regulation (OIR)
An example of an unfair claims settlement practice is - (ANSWER)turning down a claim without providing
the basis of denial
An example of an unfair trade practice is - (ANSWER)an agent making a material misrepresentation to
the insured
K made a fraudulent statement on her health insurance policy application. In the event of a claim on this
policy, the insurance company is required to pay - (ANSWER)nothing
In the event of a fraudulent health insurance policy application, the insurer is not required to pay a claim
on this policy.
Which of the following activities will NOT result in the suspension of an agent's license? -
(ANSWER)Working for a foreign insurer
S takes out a health insurance policy which contains a provision that states that the agent does not have
the authority to change the policy or waive any of its provisions. Which health policy provision is this? -
(ANSWER)Entire Contract
Answers with 100% Correct Answers Already Graded A+
An agent's license can be suspended or revoked by - (ANSWER)writing primarily controlled business
What is the purpose of the Insurance Guaranty Fund Association? - (ANSWER)Protects policyowners
against insolvent insurance companies
Florida requires that coverage for newborns begins "from the moment of birth" and continues for -
(ANSWER)18 months
What percentage of eligible persons must a policy cover in a noncontributory group? - (ANSWER)100%
In Florida, a health policy that is paid on a quarterly basis requires a grace period of - (ANSWER)31 days
What type of insurance company is domiciled in England, but conducts business in Florida? -
(ANSWER)Alien
In Florida, monthly-premium health insurance policies must provide a grace period of at least -
(ANSWER)10 days
An applicant who pays the initial premium at the time of application is typically given a(n) -
(ANSWER)conditional receipt
What would be an accurate definition of "controlled business"? - (ANSWER)Insurance business that is
written on the agent's own life, property, or interests
In Florida, the underwriting and issuance of a master group health policy requires that all employees -
(ANSWER)are eligible to participate, regardless of their individual health history
An example of an unfair claims practice would be - (ANSWER)failing to effectuate prompt, fair, and
equitable settlements of a claim
, PREP Exam: FLORIDA HEALTH LAWS AND RULES Questions and
Answers with 100% Correct Answers Already Graded A+
Which action could result in a hearing being ordered by the Department of Financial Services? -
(ANSWER)Performing insurance transactions without a license
In Florida, which of the following practitioners normally do NOT receive payment from health insurance
policies? - (ANSWER)Naturopaths
Which entity approves the insurance policy forms used in Florida? - (ANSWER)Office of Insurance
Regulation (OIR)
An example of an unfair claims settlement practice is - (ANSWER)turning down a claim without providing
the basis of denial
An example of an unfair trade practice is - (ANSWER)an agent making a material misrepresentation to
the insured
K made a fraudulent statement on her health insurance policy application. In the event of a claim on this
policy, the insurance company is required to pay - (ANSWER)nothing
In the event of a fraudulent health insurance policy application, the insurer is not required to pay a claim
on this policy.
Which of the following activities will NOT result in the suspension of an agent's license? -
(ANSWER)Working for a foreign insurer
S takes out a health insurance policy which contains a provision that states that the agent does not have
the authority to change the policy or waive any of its provisions. Which health policy provision is this? -
(ANSWER)Entire Contract
