(240) Health Insurance Practice Exam
Questions with Complete Solutions
(Latest 2025)
BBX Insurers terminated Henry's appointment as its life
insurance agent on December 1. How long will Henry remain
eligible to be appointed as a life insurance agent by another
insurer? - Correct Answers ✅48 months
Agent Holly routinely charges her clients an extra amount in
addition to the premium stated in the life insurance policy to
cover her own personal administrative expenses. What is true
about Holly's actions? - Correct Answers ✅They are
unlawful.
Zelda, a producer selling health insurance, assures a
prospective applicant that the insurance company she
represents is backed by the protections of the Florida Life and
Health Insurance Guaranty Association. What is true about
this kind of assurance? - Correct Answers ✅It is prohibited
at all times.
Which party makes the only enforceable promise in an
insurance contract? - Correct Answers ✅insurance
company
What type of organization is a non-profit entity that operates
on the lodge system, has no capital stock, and sells insurance
mainly to its members? - Correct Answers ✅fraternal
benefit society
, (240) Health Insurance Practice Exam
Questions with Complete Solutions
(Latest 2025)
What are the responsibilities of the Office of Insurance
Regulation and the Department of Financial Services? -
Correct Answers ✅issuing rules and regulations to
administer the insurance laws
Jeremy has had an individual health insurance policy for
many years because of his family's history of cancer. The
tendency of someone like Jeremy to buy and maintain
insurance is known as: - Correct Answers ✅adverse
selection
Delta Insurers typically affirms or denies claims within 120
days after it receives proof of loss statements. Which
statement is correct? - Correct Answers ✅Delta is engaged
in unfair claims settlement practices.
Insurers must keep records of their insurance transactions for
how many years after the transaction was completed? -
Correct Answers ✅five years
Which type of insurer is incorporated, owned by its
policyholders, but does not have capital stock? - Correct
Answers ✅mutual insurer
An agent will violate the prohibition against controlled
business if she sells most of her insurance policies to whom? -
Questions with Complete Solutions
(Latest 2025)
BBX Insurers terminated Henry's appointment as its life
insurance agent on December 1. How long will Henry remain
eligible to be appointed as a life insurance agent by another
insurer? - Correct Answers ✅48 months
Agent Holly routinely charges her clients an extra amount in
addition to the premium stated in the life insurance policy to
cover her own personal administrative expenses. What is true
about Holly's actions? - Correct Answers ✅They are
unlawful.
Zelda, a producer selling health insurance, assures a
prospective applicant that the insurance company she
represents is backed by the protections of the Florida Life and
Health Insurance Guaranty Association. What is true about
this kind of assurance? - Correct Answers ✅It is prohibited
at all times.
Which party makes the only enforceable promise in an
insurance contract? - Correct Answers ✅insurance
company
What type of organization is a non-profit entity that operates
on the lodge system, has no capital stock, and sells insurance
mainly to its members? - Correct Answers ✅fraternal
benefit society
, (240) Health Insurance Practice Exam
Questions with Complete Solutions
(Latest 2025)
What are the responsibilities of the Office of Insurance
Regulation and the Department of Financial Services? -
Correct Answers ✅issuing rules and regulations to
administer the insurance laws
Jeremy has had an individual health insurance policy for
many years because of his family's history of cancer. The
tendency of someone like Jeremy to buy and maintain
insurance is known as: - Correct Answers ✅adverse
selection
Delta Insurers typically affirms or denies claims within 120
days after it receives proof of loss statements. Which
statement is correct? - Correct Answers ✅Delta is engaged
in unfair claims settlement practices.
Insurers must keep records of their insurance transactions for
how many years after the transaction was completed? -
Correct Answers ✅five years
Which type of insurer is incorporated, owned by its
policyholders, but does not have capital stock? - Correct
Answers ✅mutual insurer
An agent will violate the prohibition against controlled
business if she sells most of her insurance policies to whom? -
