Health: General Lines 2-20 Florida Exam
How many precisely worded clauses are there? correct answers12
How many optional clauses are available through the heath insurance
company? correct answers10
Cancellation Clause correct answersAllows an insurance company to cancel
mid-term. 20 Days notice
Conditionally Renewable correct answersAllows the insurer to not-
renew a health insurance policy based on certain conditions. Policy
must state those conditions.
Optionally Renewable correct answersCompany may not cancel the policy
mid term, but may elect to non-renew.
Guaranteed Renewable correct answersRequires an insurer to renew a
policy automatically until a given age. Company cannot cancel the policy,
but reserves the right to increase premiums as needed.
Noncancelable correct answersGreatest degree of continuation.
Company cannot cancel the policy. Premium rates will not be increased.
Free-Look correct answersFL Law requires a free-look provision.
- Usually 10 Days. Must be noted on the first page and will return
premium.
-Medicare Supplements and Long Term Care Insurance offer a 30 Day
Free-Look. General Exclusions correct answers- Pregnancy
- Treatment in a VA
- Intentionally self-inflicted injuries
- Dental Expense (except from an accident)
- Mental Illness
- Injury as a member of the crew of an aircraft
- Cosmetic surgery (unless required by accident)
- War
- Illness that originated before the inception of the insurance.
Grace Period correct answersWeekly Premiums: 7
Days Monthly Premiums: 10 Days
All others: 31 Days
How many precisely worded clauses are there? correct answers12
How many optional clauses are available through the heath insurance
company? correct answers10
Cancellation Clause correct answersAllows an insurance company to cancel
mid-term. 20 Days notice
Conditionally Renewable correct answersAllows the insurer to not-
renew a health insurance policy based on certain conditions. Policy
must state those conditions.
Optionally Renewable correct answersCompany may not cancel the policy
mid term, but may elect to non-renew.
Guaranteed Renewable correct answersRequires an insurer to renew a
policy automatically until a given age. Company cannot cancel the policy,
but reserves the right to increase premiums as needed.
Noncancelable correct answersGreatest degree of continuation.
Company cannot cancel the policy. Premium rates will not be increased.
Free-Look correct answersFL Law requires a free-look provision.
- Usually 10 Days. Must be noted on the first page and will return
premium.
-Medicare Supplements and Long Term Care Insurance offer a 30 Day
Free-Look. General Exclusions correct answers- Pregnancy
- Treatment in a VA
- Intentionally self-inflicted injuries
- Dental Expense (except from an accident)
- Mental Illness
- Injury as a member of the crew of an aircraft
- Cosmetic surgery (unless required by accident)
- War
- Illness that originated before the inception of the insurance.
Grace Period correct answersWeekly Premiums: 7
Days Monthly Premiums: 10 Days
All others: 31 Days
