FLORIDA 240 LATEST
LICENSE EXAM
Which of these do NOT constitute policy delivery? - ANSWERS-Policy
issued with a rating
Which of the following statements about the classification of applicants
is INCORRECT? - ANSWERS-Substandard applicants are never
declined by underwriters
Which of the following are NOT managed care organizations? -
ANSWERS-Medical Information Bureau (MIB)
What action should a producer take if the initial premium is NOT
submitted with the application? - ANSWERS-Forward the application to
the insurer without the initial premium
M completes an application for health insurance but does not pay the
initial premium. All of these actions must occur before M's policy goes
into effect EXCEPT - ANSWERS-free-look period has expired
K applies for a health insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the producer
END OF
PAGE
1
, FLORIDA 240 LATEST
LICENSE EXAM
stating that coverage begins immediately if the application is approved.
What kind of receipt was used? - ANSWERS-conditional
Which of the following actions will an insurance company most likely
NOT take if an applicant, who has diabetes, applies for a Disability
Income policy? - ANSWERS-Issue the policy with an altered Time of
Payment of Claims provision
An incomplete health insurance application submitted to an insurer will
result in which of these actions? - ANSWERS-application will be
returned to the writing procedure
Which parts of a health insurance policy are guaranteed to be true? -
ANSWERS-Warranty
Which of these actions should a producer take when submitting an
insurance application to an insurer? - ANSWERS-Inform insurer of
relevant information not included on the application
M applies for a health insurance policy and pays the initial premium.
When the agent completes the application, a conditional receipt is left
with the applicant. The insurance company's underwriting department
END OF
PAGE
2
, FLORIDA 240 LATEST
LICENSE EXAM
request's M's medical records and determines that M has had asthma for
many years. All of the following are probable underwriting outcomes,
EXCEPT: - ANSWERS-Changing the policy's provisions
Which of the following BEST describes how pre-admission
certifications are used? - ANSWERS-Used to prevent nonessential
medical costs
Pre-hospitalization authorization is considered an example of -
ANSWERS-managed care
An insurance company may NOT reject a prospective insured's
insurance application on the basis of which of the following factors? -
ANSWERS-Gender
A prepaid application for individual Disability Income insurance was
recently submitted to an insurer. When the insurer received the Medical
Information Bureau (MIB) report, the report showed that the applicant
had suffered a stroke 18 months ago, something that was not disclosed
on the application. Which of the following actions would the insurance
company NOT take? - ANSWERS-Send a notice to the MIB that the
applicant was declined
END OF
PAGE
3
, FLORIDA 240 LATEST
LICENSE EXAM
Which type of plan normally includes hospice benefits? - ANSWERS-
managed care plans
An underwriter determines that an applicant's risk should be
recategorized due to a health issue. This policy may be issued with a(n) -
ANSWERS-exclusion for the medical condition
Before a health insurance policy is issued, which of these components of
the contract is required? - ANSWERS-Applicant's signature on
application
What would the Medical Information Bureau (MIB) identify? -
ANSWERS-Testing positive for marijuana use from a previous
screening
When an insurance application is taken by a producer, which of these
statements is true? - ANSWERS-Any changes made on the application
require the applicant's initials
END OF
PAGE
4
LICENSE EXAM
Which of these do NOT constitute policy delivery? - ANSWERS-Policy
issued with a rating
Which of the following statements about the classification of applicants
is INCORRECT? - ANSWERS-Substandard applicants are never
declined by underwriters
Which of the following are NOT managed care organizations? -
ANSWERS-Medical Information Bureau (MIB)
What action should a producer take if the initial premium is NOT
submitted with the application? - ANSWERS-Forward the application to
the insurer without the initial premium
M completes an application for health insurance but does not pay the
initial premium. All of these actions must occur before M's policy goes
into effect EXCEPT - ANSWERS-free-look period has expired
K applies for a health insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the producer
END OF
PAGE
1
, FLORIDA 240 LATEST
LICENSE EXAM
stating that coverage begins immediately if the application is approved.
What kind of receipt was used? - ANSWERS-conditional
Which of the following actions will an insurance company most likely
NOT take if an applicant, who has diabetes, applies for a Disability
Income policy? - ANSWERS-Issue the policy with an altered Time of
Payment of Claims provision
An incomplete health insurance application submitted to an insurer will
result in which of these actions? - ANSWERS-application will be
returned to the writing procedure
Which parts of a health insurance policy are guaranteed to be true? -
ANSWERS-Warranty
Which of these actions should a producer take when submitting an
insurance application to an insurer? - ANSWERS-Inform insurer of
relevant information not included on the application
M applies for a health insurance policy and pays the initial premium.
When the agent completes the application, a conditional receipt is left
with the applicant. The insurance company's underwriting department
END OF
PAGE
2
, FLORIDA 240 LATEST
LICENSE EXAM
request's M's medical records and determines that M has had asthma for
many years. All of the following are probable underwriting outcomes,
EXCEPT: - ANSWERS-Changing the policy's provisions
Which of the following BEST describes how pre-admission
certifications are used? - ANSWERS-Used to prevent nonessential
medical costs
Pre-hospitalization authorization is considered an example of -
ANSWERS-managed care
An insurance company may NOT reject a prospective insured's
insurance application on the basis of which of the following factors? -
ANSWERS-Gender
A prepaid application for individual Disability Income insurance was
recently submitted to an insurer. When the insurer received the Medical
Information Bureau (MIB) report, the report showed that the applicant
had suffered a stroke 18 months ago, something that was not disclosed
on the application. Which of the following actions would the insurance
company NOT take? - ANSWERS-Send a notice to the MIB that the
applicant was declined
END OF
PAGE
3
, FLORIDA 240 LATEST
LICENSE EXAM
Which type of plan normally includes hospice benefits? - ANSWERS-
managed care plans
An underwriter determines that an applicant's risk should be
recategorized due to a health issue. This policy may be issued with a(n) -
ANSWERS-exclusion for the medical condition
Before a health insurance policy is issued, which of these components of
the contract is required? - ANSWERS-Applicant's signature on
application
What would the Medical Information Bureau (MIB) identify? -
ANSWERS-Testing positive for marijuana use from a previous
screening
When an insurance application is taken by a producer, which of these
statements is true? - ANSWERS-Any changes made on the application
require the applicant's initials
END OF
PAGE
4
