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Florida 2-15 Insurance Exam 2026/2027 |
Health & Life (Incl. Annuities & Variable
Contracts) Practice Review with Verified
Answers | Agent License
A Supplementary Medical Expense policy combines the benefits of what two types of plans?
Basic Medical and Major Medical
Which of the following is not correct concerning Health Maintenance Organizations?
They mandate enrollment for groups of 25 or more.
Which is not true concerning a Hospital Fixed-Rate plan?
Benefits are paid directly to the hospital
When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is
considered to be which of the following?
Fixed-Rate plan
Which of the following about Health Reimbursement Accounts HRA's is/are correct?
HRA's are established by the employer
Which of the following statements is true about Basic Hospital, Medical, and Surgical Expense
Policies?
They usually have a stated limit for specific expenses.
Which of the following plans used with High Deductible Health Plans is employee owned?
Health Savings Accounts (HSAs)
6. Which of the following service providers allows for a primary care physician as well as out-
of-network care?
Point of Service Plan (POS)
Which of the following is true about coinsurance?
It helps control overutilization of benefits.
In a Basic Surgical policy, which of the following pays per point?
Relative Value
,The type of health care provider that provides both the health care services and the health care
financing is a:
Health Maintenance Organization
Which of the following non-insurance entities are NOT involved with self-insured plans?
Actuaries
Which of the following policies would cover a student pilot taking flying lessons?
Special Risk
An applicant for insurance may pay the initial premium and receive a document from the agent
indicating that if the policy is issued as requested coverage begins on the date of the documents.
What is this document called?
Conditional receipt
How does a basic medical plan avoid small claims and keep the cost of premiums down?
by imposing benefit limits
A limited risk policy will pay for dread diseases
:
such as cancer
Stagmite purchases a major medical policy with a $100 annual deductible, 80/20 co-insurance
and a maximum out-of-pocket of $5000. If Stagmite were to incur covered expenses of $10,100,
how much would Stag be out of pocket?
$2100
If all or part of a $500 deductible is offset by a Basic Medical policy, what type of deductible
applies?
Integrated
In a Basic Hospital Expense policy, the miscellaneous expense limits are a multiple of what
factor?
Daily room and board
What is the agreement between an HMO and subscriber or group?
Health maintenance contract
HMOs are a distinct form of health provider because:
They provide financing for the health care plus the health care itself
Which of the following is the most common type of co-insurance in a major medical policy?
20-25%
,Which statement concerning commercial companies is not true?
They are not debit companies
Another term used for Home Service insurers is:
Debit insurers
Basic Medical expense policies do not generally provide coverage for:
Lost income
HMO's are known for stressing
preventive medicine and early treatment
Which of the following companies can sell health insurance?
I. Mono-Line
II. Home Service/Industrial
III. Property/Casualty
IV. Multi-Lines Company
All of the above
Which of the following statements regarding workers' compensation plans is correct?
Benefits may be financed by private insurers, state funds or self-insurance
Health insurance may be written by all the following types of companies except:
surety
Many major medical policies include a provision whereby when expenses reach a certain dollar
amount, the insured no longer shares in the cost of expenses: the insurer pays 100% of remaining
covered charges. This is referred to as the:
stop-loss limit
What term describes the concept that the insurer and the insured share in the cost of medical
expenses, with the insurer bearing the greater share?
Coinsurance
All of the following statements concerning Social Security disability benefits are true except:
Benefits are retroactive to the time of disability
An insured has a basic hospital expense policy with a $10,000 limit for benefits, coordinated
with a major medical policy with a $500 corridor deductible and 80/20 coinsurance provision. If
she incurs a loss of $20,000, how much will the insurer pay?
$17,600
, A Health Savings Account does not allow:
Tax free non-qualified withdrawals
What is included under the miscellaneous expense benefit?
Anesthesia
The term FIRST DOLLAR often is used to describe benefits payable by which type of policy?
A Hospital Indemnity policy
Which of the following statements is true regarding Multiple Employer Trusts ?
.
The Multiple Employer Trust, not the employer, is the contract holder
Rose Bud receives a hospital bill for $9,500 after being released from the hospital. Her Major
Medical policy has a $500 deductible and an 80% - 20% continuous coinsurance feature. Of the
total expense, how much will Rose have to pay?
2,300
Blue Cross and Blue Shield subscribers pay a set fee, usually each month, for medical services
covered under the plan. This is describing:
Prepaid plan
Social Security was started in what year?
1935
How long is the waiting period before a person may file a claim for Social Security Disability
benefits?
5 Months
The miscellaneous expense benefit in a basic hospital expense policy will cover
drugs and medicine administered in the hospital
Under the Basic Hospital Expense policy, what would not be covered under the miscellaneous
expense benefit?
Anesthesiologist
If one becomes totally disabled, Social Security Disability benefits:
May begin after 6 months
Which of the following are eligible for Medicare benefits?
1. folks aged 65 and over
2. folks under age 65 receiving Social Security disability benefits
Florida 2-15 Insurance Exam 2026/2027 |
Health & Life (Incl. Annuities & Variable
Contracts) Practice Review with Verified
Answers | Agent License
A Supplementary Medical Expense policy combines the benefits of what two types of plans?
Basic Medical and Major Medical
Which of the following is not correct concerning Health Maintenance Organizations?
They mandate enrollment for groups of 25 or more.
Which is not true concerning a Hospital Fixed-Rate plan?
Benefits are paid directly to the hospital
When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is
considered to be which of the following?
Fixed-Rate plan
Which of the following about Health Reimbursement Accounts HRA's is/are correct?
HRA's are established by the employer
Which of the following statements is true about Basic Hospital, Medical, and Surgical Expense
Policies?
They usually have a stated limit for specific expenses.
Which of the following plans used with High Deductible Health Plans is employee owned?
Health Savings Accounts (HSAs)
6. Which of the following service providers allows for a primary care physician as well as out-
of-network care?
Point of Service Plan (POS)
Which of the following is true about coinsurance?
It helps control overutilization of benefits.
In a Basic Surgical policy, which of the following pays per point?
Relative Value
,The type of health care provider that provides both the health care services and the health care
financing is a:
Health Maintenance Organization
Which of the following non-insurance entities are NOT involved with self-insured plans?
Actuaries
Which of the following policies would cover a student pilot taking flying lessons?
Special Risk
An applicant for insurance may pay the initial premium and receive a document from the agent
indicating that if the policy is issued as requested coverage begins on the date of the documents.
What is this document called?
Conditional receipt
How does a basic medical plan avoid small claims and keep the cost of premiums down?
by imposing benefit limits
A limited risk policy will pay for dread diseases
:
such as cancer
Stagmite purchases a major medical policy with a $100 annual deductible, 80/20 co-insurance
and a maximum out-of-pocket of $5000. If Stagmite were to incur covered expenses of $10,100,
how much would Stag be out of pocket?
$2100
If all or part of a $500 deductible is offset by a Basic Medical policy, what type of deductible
applies?
Integrated
In a Basic Hospital Expense policy, the miscellaneous expense limits are a multiple of what
factor?
Daily room and board
What is the agreement between an HMO and subscriber or group?
Health maintenance contract
HMOs are a distinct form of health provider because:
They provide financing for the health care plus the health care itself
Which of the following is the most common type of co-insurance in a major medical policy?
20-25%
,Which statement concerning commercial companies is not true?
They are not debit companies
Another term used for Home Service insurers is:
Debit insurers
Basic Medical expense policies do not generally provide coverage for:
Lost income
HMO's are known for stressing
preventive medicine and early treatment
Which of the following companies can sell health insurance?
I. Mono-Line
II. Home Service/Industrial
III. Property/Casualty
IV. Multi-Lines Company
All of the above
Which of the following statements regarding workers' compensation plans is correct?
Benefits may be financed by private insurers, state funds or self-insurance
Health insurance may be written by all the following types of companies except:
surety
Many major medical policies include a provision whereby when expenses reach a certain dollar
amount, the insured no longer shares in the cost of expenses: the insurer pays 100% of remaining
covered charges. This is referred to as the:
stop-loss limit
What term describes the concept that the insurer and the insured share in the cost of medical
expenses, with the insurer bearing the greater share?
Coinsurance
All of the following statements concerning Social Security disability benefits are true except:
Benefits are retroactive to the time of disability
An insured has a basic hospital expense policy with a $10,000 limit for benefits, coordinated
with a major medical policy with a $500 corridor deductible and 80/20 coinsurance provision. If
she incurs a loss of $20,000, how much will the insurer pay?
$17,600
, A Health Savings Account does not allow:
Tax free non-qualified withdrawals
What is included under the miscellaneous expense benefit?
Anesthesia
The term FIRST DOLLAR often is used to describe benefits payable by which type of policy?
A Hospital Indemnity policy
Which of the following statements is true regarding Multiple Employer Trusts ?
.
The Multiple Employer Trust, not the employer, is the contract holder
Rose Bud receives a hospital bill for $9,500 after being released from the hospital. Her Major
Medical policy has a $500 deductible and an 80% - 20% continuous coinsurance feature. Of the
total expense, how much will Rose have to pay?
2,300
Blue Cross and Blue Shield subscribers pay a set fee, usually each month, for medical services
covered under the plan. This is describing:
Prepaid plan
Social Security was started in what year?
1935
How long is the waiting period before a person may file a claim for Social Security Disability
benefits?
5 Months
The miscellaneous expense benefit in a basic hospital expense policy will cover
drugs and medicine administered in the hospital
Under the Basic Hospital Expense policy, what would not be covered under the miscellaneous
expense benefit?
Anesthesiologist
If one becomes totally disabled, Social Security Disability benefits:
May begin after 6 months
Which of the following are eligible for Medicare benefits?
1. folks aged 65 and over
2. folks under age 65 receiving Social Security disability benefits
