Florida 215 Practice Test 2023/24 Graded A+

Nondisabling Injury Provision - ANSWER-A person who has a disability income policy and suffers from a disability that is not serious enough to qualify them for disability income benefits may receive the actual cost of medical treatment for accident-related injuries under the: The following statement(s) about HMOs is/are CORRECT? - ANSWER-HMOs stress preventive care, rarely assess deductibles, and provide coverage for routine doctor visits and hospital care. Pure Risk - ANSWER-An insurable risk example Earnings - ANSWER-Most employers will establish benefit schedules in regard to group life insurance The Parol Evidence Rule - ANSWER-Substantive common law rule in contract cases that prevents a party to a written contract from presenting extrinsic evidence that discloses an ambiguity and clarifies it or adds to the written terms of the contract that appears to be whole. Florida law requires that group health insurance policies make available to the policyholder coverage for mental and nervous disorders - ANSWER-True A disability income policy is the only type of health insurance policy to which a guaranteed insurability rider may be attached - ANSWER-True Part B - Supplementary Medical insurance - ANSWER-Part of Medicare requires premium payments by eligible participants The main purpose of the Medical Information Bureau (MIB) - ANSWER-Provide detailed medical information concerning applicants to enable insurers to keep costs down through the prevention of misrepresentation and fraud. Indemnity - ANSWER-A medical expense policy states that it will pay him a flat $100 a day for each day he is hospitalized. The policy pays benefits on which basis? Medicare supplement insurance is designed to - ANSWER-Pay at least some of the healthcare costs that Medicare will not pay Guaranteed Insurability - ANSWER-This rider means that if a person experiences total disability, they can be relieved from paying their premiums during the time of disability Under individual and group health insurance policies sold in Florida, coverage for a newborn child of the insured begins how soon after birth? - ANSWER-Immediately