Florida Statutes, Rules, and Regulations Pertinent to Health Insurance Exam

Florida Statutes, Rules, and Regulations Pertinent to Health Insurance Exam A corporation can be considered a "small group employer" if it has at least one and a maximum of how many employees? - answer50 A 65-year-old enrolls for benefits under Medicare part B and submits an application for a Medicare supplement policy two months later. For which reason may the insurer deny the application? - answerMaterial misrepresentation Who must sign the notice regarding replacement? - answerBoth the applicant and agent - Before issuing a replacement policy, the insurer must furnish the applicant with a notice regarding replacement, which must be signed by both the applicant and the agent. When must the Medicare Supplement Buyer's Guide be presented? - answerAt the time of application What is NOT an unfair trade practice under Florida law with regard to HMO plans? - answerOperating an HMO on a closed-panel basis What does NOT have to be disclosed in a long-term care (LTC) policy? - answerThe aggregate amount of premiums due - All LTC policies must disclose and explain the renewability provisions. With regard to life insurance policies that provide an accelerated benefit for long- term care, the policy must include a statement to the effect that receipt of the accelerated benefits may be taxable, and that the insured should seek assistance from a personal tax advisor