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Health Insurance Florida 2-40 Practice
Exam Questions 1Comprehensive
Questions (Frequently Tested) with
Verified Answers Graded A+
1. 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): -
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
2. Group health insurance specifies that what percentage of eligible individuals MUST be
offered coverage under a noncontributory plan?
-25
-50
-75
-100: 100
3. 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
, Health Insurance Florida 2-40 Practice Exam Questions 1Comprehensive Questions
(Frequently Tested) with Verified Answers Graded A+
Study online at https://quizlet.com/_hsgxvc
-At the time a claim is submitted: At the inception of the policy
4. 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: month
5. 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: Disability Buy-Out
6. Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care: Travel Accident
7. 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: Exclusions
8. 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
Email @
Health Insurance Florida 2-40 Practice
Exam Questions 1Comprehensive
Questions (Frequently Tested) with
Verified Answers Graded A+
1. 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): -
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
2. Group health insurance specifies that what percentage of eligible individuals MUST be
offered coverage under a noncontributory plan?
-25
-50
-75
-100: 100
3. 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
, Health Insurance Florida 2-40 Practice Exam Questions 1Comprehensive Questions
(Frequently Tested) with Verified Answers Graded A+
Study online at https://quizlet.com/_hsgxvc
-At the time a claim is submitted: At the inception of the policy
4. 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: month
5. 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: Disability Buy-Out
6. Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care: Travel Accident
7. 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: Exclusions
8. 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
