HEALTH INSURANCE EXAMFX 2025 LATEST UPDATE
EXPERT VERIFIED QUESTIONS AND ANSWERS REAL
EXAM
InsuranceTpoliciesTensuresTthatTafterTaTlossTproceedsTwillTgoTtoTtheT-TcorrectTanswer-Beneficiary
WhatTdoTindividualsTuseTtoTtransferTtheirTriskTofTlossTtoTaTlargerTgroup?T-TcorrectTanswer-insurance
AnTindividualTappliesTforTaTlifeTpolicy.TTwoTyearsTagoTheTsufferedTfromTaTheadTinjuryTfromTanTaccident,Ts
oTheTcannotTrememberTpartsTofThisTpast,TbutTisTotherwiseTcompetent.THeThasTalsoTbeenThospitalizedTforTdru
gTabuse,TbutTdoesTnotTrememberTthisTwhenTapplyingTforTinsurance.TTheTinsuranceTissuesTtheTpolicyTandTle
arnsTofThisThistoryToneTyearTlater.TWhatTwillTprobablyThappen?T-TcorrectTanswer-
TheTpolicyTwillTnotTbeTaffected
IfTanTapplicantTforTaTlifeTinsuranceTpolicyTandTpersonTtoTbeTinsuredTbyTtheTpolicyTareTtwoTdifferentTpeople,
TtheTunderwriterTwouldTbeTconcernedTaboutT-TcorrectTanswer-
WhetherTanTinsurableTinterestTexistsTbetweenTtheTindividuals.
WhichTofTtheTfollowingTbestTdescribesTanTinsuranceTcompanyTthatThadTbeenTformedTunderTtheTlawsTofTthis
TstateT?T-TcorrectTanswer-Domestic
WhatTinsuranceTconceptTisTassociatedTwithTtheTnamesTWeissTandTfitch?T-TcorrectTanswer-
GuidesTdescribingTcompanyTfinancialTintegrity
WhichTofTtheTfollowingTchoicesTbestTdescribesTtheTblackoutTperiod?T-TcorrectTanswer-
FromTtheTyoungestTchild'sTageT16
AnTinsuranceTcompanyTisTdomiciledTinTMontanaTandTtransactsTinsuranceTinTWyoming.TWhichTtermTbestTd
escribesTtheTinsurersTclassificationTinTWyoming?T-TcorrectTanswer-foreign
AnTinsuredTwantsTtoTtransferThisTpersonalTinsuranceTpolicyTtoTaTfriend.TUnderTwhatTconditionsTwouldTthisT
beTpossible?T-TcorrectTanswer-TheTinsuredTwillTneedTaTwrittenTconsentTofTtheTinsurer.
,IfTanTinsurerTmeetsTtheTstatesTfiniacialTrequirementsTandTisTapprovedTtoTtransactTbusinessTinTtheTstate,TitTisT
consideredTtoTbeT-TcorrectTanswer-Authorized
WhichTisTgenerallyTtrueTregardingTinsurersTwhoThaveTbeenTclassifiedTasTpreferredTrisks?T-TcorrectTanswer-
TheirTpremiumsTareTlower
WhenTmustTinsurableTinterestTexistTforTaTlifeTinsuranceTpolicy?T-TcorrectTanswer-AtTtheTtimeTofTapplication
WhatTdocumentationTgrantsTexpressTauthorityTtoTanTagentT?T-TcorrectTanswer-
Agent'sTcontractTwithTtheTprincipal
ATtornadoTthatTdestroysTpropertyTwouldTbeTanTexampleTofTwhichTofTtheTfollowing?T-TcorrectTanswer-peril
TheTauthorityTgrantedTtoTanTagentTthroughTtheTagentsTcontractTisTreferredTtoTasT-TcorrectTanswer-
ExpressTauthority:TexpressTpowersTareTwrittenTintoTtheTcontractTbetweenTtheTinsurerTandTtheTagent
AtTwhatTpointTmustTanToutlineTifTcoverageTbeTdelivered?T-TcorrectTanswer-
AtTtheTtimeTofTapplicationTorTuponTdeliveryTofTtheTpolicy
InTwhichTofTtheTfollowingTsituationsTisTitTillegalTforTanTinsurerTtoTdiscloseTprivilegedTinformationTaboutTan
Tinsured?T-TcorrectTanswer-ATresearcherTforTmarketingTpurposes
ToTcomplyTwithTFairTCreditTReportingTAct,TwhenTmustTaTproducerTnotifyTanTapplicantTthatTaTcreditTreportT
mayTbeTrequested?T-TcorrectTanswer-AtTtheTtimeTofTapplication
TheTinsuranceTpolicy,TtogetherTwithTtheTpolicyTapplicationTandTanyTaddedTridersTformTwhatTisTknownTasT-
TcorrectTanswer-EntireTContract
EvaluatingTinformationTthatTestablishedTadverseTselectionTriskTisTtheTpurposeTofTwhichTstageTofTinsurance?
T-TcorrectTanswer-Underwriting
WhichTtermTdescribesTaTsituationTInTwhichTpeopleTwhoTareTmostTlikelyTtoThaveTclaimsTareTtheTmostTlikelyT
toTseekTinsurance?T-TcorrectTanswer-AdverseTselection
, AThealthTinsuranceTplanTthatTcoversTallTaccidentsTandTsicknessesTthatTareTnotTspecificallyTexcludedTfromTth
eTpolicyTusTreferredTtoTasTaT-TcorrectTanswer-ComprehensiveTplan
WhatTtypeTofTgroupTratingTdoTtheTblueTcrossTandTblueTshieldTorganizationsTuseTasTaTfactorTinTdevelopingTth
eTratesTtoTbeTcharged?T-TcorrectTanswer-ExperienceTrating
ATpersonTstepsToffTaTstreetTcarTandTtripsTandTbreaksThisTankle.TThisTtypeTofTinjuryTcanTbeTdescribedTasT-
TcorrectTanswer-SuddenTandTunforeseen
AnTinsurerThiredTaTrepresentativeTtoTadvertiseTitsTcompanyTatTaTlocalTconvention.TTheTrepresentativeTliesTa
boutTtheTdetailsTofTsomeTofTtheTpoliciesT,TinTanTattemptTtoTsecureTmoreTbusinessTforTtheTcompany.TWhoTisTr
esponsibleTforTtheTrepresentativesTclaims?T-TcorrectTanswer-TheTinsurer
TheTpatientTprotectionTandTaffordableTcareTactTmandatesTthatTinsurersTprovideTcoverageTforTadultTchildrenT
ofTtheTinsuredTupTtoTtheTageTofT-TcorrectTanswer-26
Dr.TTom,TanTHMOTproviderT,ThasTagreedTtoTtakeTmoreTpatientsTthanTthoseTdirectlyTreferredTtoThimTbyThisT
HMO.TTomsTplanToperatesTonTwhichTofTtheTfollowingTbasis?T-TcorrectTanswer-OpenTpanel
AllTofTtheTfollowingTareTconsideredTtoTbeTbasicTbenefitsTofTanTHMOTplanTexceptT-TcorrectTanswer-
prescriptionTdrugs
WhichTofTtheTfollowingTindividualsTisTeligibleTforTaThealthTsavingsTaccount?T-TcorrectTanswer-
AllisonTisTinsuredTbyTaTHighTDeductibleTHealthTPlanT(HDHP)
WhatTisTtheTcontractTprovisionTthatTallowsTtheTinsurerTtoTnonrenewThealthTcoverageTifTcertainTeventsToccur
?T-TcorrectTanswer-ConditionallyTrenewable
WhichTofTtheTfollowingTexpensesTisTnotTcoveredTbyTaThealthTinsuranceTpolicy?T-TcorrectTanswer-funeral
MedicalTsavingsTaccountsT(TMSAs)TareTavailableTtoTsmallTbusinessTemployeesTandTself-
TemployedTindividualsTwhoThaveT-TcorrectTanswer-HighTdeductibleThealthTinsurance.
EXPERT VERIFIED QUESTIONS AND ANSWERS REAL
EXAM
InsuranceTpoliciesTensuresTthatTafterTaTlossTproceedsTwillTgoTtoTtheT-TcorrectTanswer-Beneficiary
WhatTdoTindividualsTuseTtoTtransferTtheirTriskTofTlossTtoTaTlargerTgroup?T-TcorrectTanswer-insurance
AnTindividualTappliesTforTaTlifeTpolicy.TTwoTyearsTagoTheTsufferedTfromTaTheadTinjuryTfromTanTaccident,Ts
oTheTcannotTrememberTpartsTofThisTpast,TbutTisTotherwiseTcompetent.THeThasTalsoTbeenThospitalizedTforTdru
gTabuse,TbutTdoesTnotTrememberTthisTwhenTapplyingTforTinsurance.TTheTinsuranceTissuesTtheTpolicyTandTle
arnsTofThisThistoryToneTyearTlater.TWhatTwillTprobablyThappen?T-TcorrectTanswer-
TheTpolicyTwillTnotTbeTaffected
IfTanTapplicantTforTaTlifeTinsuranceTpolicyTandTpersonTtoTbeTinsuredTbyTtheTpolicyTareTtwoTdifferentTpeople,
TtheTunderwriterTwouldTbeTconcernedTaboutT-TcorrectTanswer-
WhetherTanTinsurableTinterestTexistsTbetweenTtheTindividuals.
WhichTofTtheTfollowingTbestTdescribesTanTinsuranceTcompanyTthatThadTbeenTformedTunderTtheTlawsTofTthis
TstateT?T-TcorrectTanswer-Domestic
WhatTinsuranceTconceptTisTassociatedTwithTtheTnamesTWeissTandTfitch?T-TcorrectTanswer-
GuidesTdescribingTcompanyTfinancialTintegrity
WhichTofTtheTfollowingTchoicesTbestTdescribesTtheTblackoutTperiod?T-TcorrectTanswer-
FromTtheTyoungestTchild'sTageT16
AnTinsuranceTcompanyTisTdomiciledTinTMontanaTandTtransactsTinsuranceTinTWyoming.TWhichTtermTbestTd
escribesTtheTinsurersTclassificationTinTWyoming?T-TcorrectTanswer-foreign
AnTinsuredTwantsTtoTtransferThisTpersonalTinsuranceTpolicyTtoTaTfriend.TUnderTwhatTconditionsTwouldTthisT
beTpossible?T-TcorrectTanswer-TheTinsuredTwillTneedTaTwrittenTconsentTofTtheTinsurer.
,IfTanTinsurerTmeetsTtheTstatesTfiniacialTrequirementsTandTisTapprovedTtoTtransactTbusinessTinTtheTstate,TitTisT
consideredTtoTbeT-TcorrectTanswer-Authorized
WhichTisTgenerallyTtrueTregardingTinsurersTwhoThaveTbeenTclassifiedTasTpreferredTrisks?T-TcorrectTanswer-
TheirTpremiumsTareTlower
WhenTmustTinsurableTinterestTexistTforTaTlifeTinsuranceTpolicy?T-TcorrectTanswer-AtTtheTtimeTofTapplication
WhatTdocumentationTgrantsTexpressTauthorityTtoTanTagentT?T-TcorrectTanswer-
Agent'sTcontractTwithTtheTprincipal
ATtornadoTthatTdestroysTpropertyTwouldTbeTanTexampleTofTwhichTofTtheTfollowing?T-TcorrectTanswer-peril
TheTauthorityTgrantedTtoTanTagentTthroughTtheTagentsTcontractTisTreferredTtoTasT-TcorrectTanswer-
ExpressTauthority:TexpressTpowersTareTwrittenTintoTtheTcontractTbetweenTtheTinsurerTandTtheTagent
AtTwhatTpointTmustTanToutlineTifTcoverageTbeTdelivered?T-TcorrectTanswer-
AtTtheTtimeTofTapplicationTorTuponTdeliveryTofTtheTpolicy
InTwhichTofTtheTfollowingTsituationsTisTitTillegalTforTanTinsurerTtoTdiscloseTprivilegedTinformationTaboutTan
Tinsured?T-TcorrectTanswer-ATresearcherTforTmarketingTpurposes
ToTcomplyTwithTFairTCreditTReportingTAct,TwhenTmustTaTproducerTnotifyTanTapplicantTthatTaTcreditTreportT
mayTbeTrequested?T-TcorrectTanswer-AtTtheTtimeTofTapplication
TheTinsuranceTpolicy,TtogetherTwithTtheTpolicyTapplicationTandTanyTaddedTridersTformTwhatTisTknownTasT-
TcorrectTanswer-EntireTContract
EvaluatingTinformationTthatTestablishedTadverseTselectionTriskTisTtheTpurposeTofTwhichTstageTofTinsurance?
T-TcorrectTanswer-Underwriting
WhichTtermTdescribesTaTsituationTInTwhichTpeopleTwhoTareTmostTlikelyTtoThaveTclaimsTareTtheTmostTlikelyT
toTseekTinsurance?T-TcorrectTanswer-AdverseTselection
, AThealthTinsuranceTplanTthatTcoversTallTaccidentsTandTsicknessesTthatTareTnotTspecificallyTexcludedTfromTth
eTpolicyTusTreferredTtoTasTaT-TcorrectTanswer-ComprehensiveTplan
WhatTtypeTofTgroupTratingTdoTtheTblueTcrossTandTblueTshieldTorganizationsTuseTasTaTfactorTinTdevelopingTth
eTratesTtoTbeTcharged?T-TcorrectTanswer-ExperienceTrating
ATpersonTstepsToffTaTstreetTcarTandTtripsTandTbreaksThisTankle.TThisTtypeTofTinjuryTcanTbeTdescribedTasT-
TcorrectTanswer-SuddenTandTunforeseen
AnTinsurerThiredTaTrepresentativeTtoTadvertiseTitsTcompanyTatTaTlocalTconvention.TTheTrepresentativeTliesTa
boutTtheTdetailsTofTsomeTofTtheTpoliciesT,TinTanTattemptTtoTsecureTmoreTbusinessTforTtheTcompany.TWhoTisTr
esponsibleTforTtheTrepresentativesTclaims?T-TcorrectTanswer-TheTinsurer
TheTpatientTprotectionTandTaffordableTcareTactTmandatesTthatTinsurersTprovideTcoverageTforTadultTchildrenT
ofTtheTinsuredTupTtoTtheTageTofT-TcorrectTanswer-26
Dr.TTom,TanTHMOTproviderT,ThasTagreedTtoTtakeTmoreTpatientsTthanTthoseTdirectlyTreferredTtoThimTbyThisT
HMO.TTomsTplanToperatesTonTwhichTofTtheTfollowingTbasis?T-TcorrectTanswer-OpenTpanel
AllTofTtheTfollowingTareTconsideredTtoTbeTbasicTbenefitsTofTanTHMOTplanTexceptT-TcorrectTanswer-
prescriptionTdrugs
WhichTofTtheTfollowingTindividualsTisTeligibleTforTaThealthTsavingsTaccount?T-TcorrectTanswer-
AllisonTisTinsuredTbyTaTHighTDeductibleTHealthTPlanT(HDHP)
WhatTisTtheTcontractTprovisionTthatTallowsTtheTinsurerTtoTnonrenewThealthTcoverageTifTcertainTeventsToccur
?T-TcorrectTanswer-ConditionallyTrenewable
WhichTofTtheTfollowingTexpensesTisTnotTcoveredTbyTaThealthTinsuranceTpolicy?T-TcorrectTanswer-funeral
MedicalTsavingsTaccountsT(TMSAs)TareTavailableTtoTsmallTbusinessTemployeesTandTself-
TemployedTindividualsTwhoThaveT-TcorrectTanswer-HighTdeductibleThealthTinsurance.
