Health Insurance Florida 2-40 Practice
Exam
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 answersFair Credit Reporting Act (Insurance Information and
Privacy Protection Act)
Group health insurance specifies that what percentage of eligible
individuals MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 correct answers100
Under an Accidental Death and Dismemberment (AD&D) policy, insurable
interest must exist at which of the following times?
-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted correct answersAt the inception of the
policy
When periodic claim payments are required under a long-term disability
income policy, an insurer MUST make payments to an insured at least once
every:
-month
-three months
-six months
-year correct answersmonth
M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business if
either of them should become permanently disabled. In this situation, a
producer would MOST likely recommend which of the following types of
contracts?
-Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income correct answersDisability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
, -Medicare Supplement
-Blanket
-Long Term Care correct answersTravel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in
which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions correct answersExclusions
An insured whose Disability Income policy contains a Change of Occupation
clause takes a new job in a more hazardous occupation and fails to notify
the insurer of the change. One year later, the insured becomes disabled.
The insurer will most likely take which of the following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased
under the more hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment correct
answersSettle the claim according to what the premiums would have
purchased under the more hazardous occupation
Which of the following definitions of disability would cover a permanent
partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability correct answersResidual disability
When delivering a policy to a client, a producer should take all of the
following actions EXCEPT:
-Collect any premiums due
-fully explain all exclusions and/or riders
-keep the policy in the producer's office for safe-keeping on behalf of the
client
-review all benefits provided by the policy correct answerskeep the
policy in the producer's office for safe-keeping on behalf of the client
The Social Security program provides all of the following benefits
EXCEPT:
-Retirement
-survivor
-disability
-workers compensation correct answersworkers compensation
Which of the following definitions MOST accurately describes the
Probationary Period?
-The period of time from the date of the loss until the benefits begin
Exam
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 answersFair Credit Reporting Act (Insurance Information and
Privacy Protection Act)
Group health insurance specifies that what percentage of eligible
individuals MUST be offered coverage under a noncontributory plan?
-25
-50
-75
-100 correct answers100
Under an Accidental Death and Dismemberment (AD&D) policy, insurable
interest must exist at which of the following times?
-When a change of beneficiary is requested
-At the inception of the policy
-When a beneficiary other than a relative is named
-At the time a claim is submitted correct answersAt the inception of the
policy
When periodic claim payments are required under a long-term disability
income policy, an insurer MUST make payments to an insured at least once
every:
-month
-three months
-six months
-year correct answersmonth
M and N own a small interior design studio that employs six people. The
owners are concerned about the financial continuation of the business if
either of them should become permanently disabled. In this situation, a
producer would MOST likely recommend which of the following types of
contracts?
-Basic Hospital
-Disability Buy-Out
-Comprehensive Major Medical
-Short-Term Disability Income correct answersDisability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
, -Medicare Supplement
-Blanket
-Long Term Care correct answersTravel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in
which of the following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions correct answersExclusions
An insured whose Disability Income policy contains a Change of Occupation
clause takes a new job in a more hazardous occupation and fails to notify
the insurer of the change. One year later, the insured becomes disabled.
The insurer will most likely take which of the following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased
under the more hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment correct
answersSettle the claim according to what the premiums would have
purchased under the more hazardous occupation
Which of the following definitions of disability would cover a permanent
partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability correct answersResidual disability
When delivering a policy to a client, a producer should take all of the
following actions EXCEPT:
-Collect any premiums due
-fully explain all exclusions and/or riders
-keep the policy in the producer's office for safe-keeping on behalf of the
client
-review all benefits provided by the policy correct answerskeep the
policy in the producer's office for safe-keeping on behalf of the client
The Social Security program provides all of the following benefits
EXCEPT:
-Retirement
-survivor
-disability
-workers compensation correct answersworkers compensation
Which of the following definitions MOST accurately describes the
Probationary Period?
-The period of time from the date of the loss until the benefits begin
