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2-40 HEALTH AND ACCIDENT INSURANCE
STATE EXAM PREP BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. Which of these arrangements allows one to bypass insurable
interest laws? - correct answer -Investor-Originated Life
Insurance
2. What must an insurer obtain to conduct an HIV test? - correct
answer -Written consent
3. Which of the following correctly explains the actions an agent
should if a customer wants to apply for an insurance policy? -
correct answer -Complete the application and review the
information with the customer prior to obtaining the customer's
signature, then send the application off to the insurance
company
4. S is employed by a large corporation that provides group health
coverage for its employees and their dependents. If S dies, the
company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how
many months under COBRA regulations? - correct answer -36
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5. The reason for a business having a Business Overhead
Expense Disability Plan is to cover - correct answer -fixed
business expenses
6. Which type of plan normally includes hospice benefits? -
correct answer -Managed care plans
7. What type of insurance company is domiciled in England, but
conducts business in Florida? - correct answer -Alien
8. According to Florida Law, in which of the following situations
would a dependent handicapped child NOT be covered under a
Family Health policy? - correct answer -The premiums for the
handicapped child are not paid
9. All of the following will result in suspension of an agents'
license EXCEPT - correct answer -acting with fiduciary
responsibility
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10. A Disability Income policyowner suffers a disability which
was due to the same cause as a previous disability. Both
disabilities occurred within a five-month period. The insurer
may cover the second disability without a new elimination
period under the - correct answer -Recurrent Disability
provision
11. How many hours of continuing education must a newly
licensed agent complete every two years? - correct answer -24
12. Which organization was established to provide funds to
protect an insured in the event of an insurer's insolvency? -
correct answer -Florida Insurance Guaranty Fund Association
13. All of these are prerequisite for becoming a licensed agent
EXCEPT - correct answer -Graduate from high school
14. The provision that defines to whom the insurer will pay
benefits to is called - correct answer -Payment of Claims
2-40 HEALTH AND ACCIDENT INSURANCE
STATE EXAM PREP BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. Which of these arrangements allows one to bypass insurable
interest laws? - correct answer -Investor-Originated Life
Insurance
2. What must an insurer obtain to conduct an HIV test? - correct
answer -Written consent
3. Which of the following correctly explains the actions an agent
should if a customer wants to apply for an insurance policy? -
correct answer -Complete the application and review the
information with the customer prior to obtaining the customer's
signature, then send the application off to the insurance
company
4. S is employed by a large corporation that provides group health
coverage for its employees and their dependents. If S dies, the
company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how
many months under COBRA regulations? - correct answer -36
, Page | 2
5. The reason for a business having a Business Overhead
Expense Disability Plan is to cover - correct answer -fixed
business expenses
6. Which type of plan normally includes hospice benefits? -
correct answer -Managed care plans
7. What type of insurance company is domiciled in England, but
conducts business in Florida? - correct answer -Alien
8. According to Florida Law, in which of the following situations
would a dependent handicapped child NOT be covered under a
Family Health policy? - correct answer -The premiums for the
handicapped child are not paid
9. All of the following will result in suspension of an agents'
license EXCEPT - correct answer -acting with fiduciary
responsibility
, Page | 3
10. A Disability Income policyowner suffers a disability which
was due to the same cause as a previous disability. Both
disabilities occurred within a five-month period. The insurer
may cover the second disability without a new elimination
period under the - correct answer -Recurrent Disability
provision
11. How many hours of continuing education must a newly
licensed agent complete every two years? - correct answer -24
12. Which organization was established to provide funds to
protect an insured in the event of an insurer's insolvency? -
correct answer -Florida Insurance Guaranty Fund Association
13. All of these are prerequisite for becoming a licensed agent
EXCEPT - correct answer -Graduate from high school
14. The provision that defines to whom the insurer will pay
benefits to is called - correct answer -Payment of Claims
