Florida 215 Practice Test Questions and Answers
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Terms in this set (118)
A person who has a disability income policy and
suffers from a disability that is not serious enough to
Nondisabling Injury
qualify them for disability income benefits may
Provision
receive the actual cost of medical treatment for
accident-related injuries under the:
The following statement(s) HMOs stress preventive care, rarely assess
about HMOs is/are deductibles, and provide coverage for routine doctor
CORRECT? visits and hospital care.
Pure Risk An insurable risk example
Most employers will establish benefit schedules in
Earnings
regard to group life insurance
Substantive common law rule in contract cases that
prevents a party to a written contract from presenting
The Parol Evidence Rule extrinsic evidence that discloses an ambiguity and
clarifies it or adds to the written terms of the contract
that appears to be whole.
Florida law requires that True
group health insurance
policies make available to
the policyholder coverage
for mental and nervous
disorders
,A disability income policy True
is the only type of health
insurance policy to which
a guaranteed insurability
rider may be attached
Part B - Supplementary Part of Medicare requires premium payments by
Medical insurance eligible participants
Provide detailed medical information concerning
The main purpose of the
applicants to enable insurers to keep costs down
Medical Information
through the prevention of misrepresentation and
Bureau (MIB)
fraud.
A medical expense policy states that it will pay him a
Indemnity flat $100 a day for each day he is hospitalized. The
policy pays benefits on which basis?
Medicare supplement Pay at least some of the healthcare costs that
insurance is designed to Medicare will not pay
This rider means that if a person experiences total
Guaranteed Insurability disability, they can be relieved from paying their
premiums during the time of disability
Under individual and Immediately
group health insurance
policies sold in Florida,
coverage for a newborn
child of the insured begins
how soon after birth?
Peril The cause of risk
The percentage amount of 6.20
FICA tax is distributed to
OASDI (2012
, Types of life insurance
policies would provide the
greatest amount of
protection for a temporary
period during which an
insured will have limited
financial resources?
The Civil Rights Act of 1979 False
made it mandatory that
group insurance provide
maternity benefits if an
insured group consists of
15 or more participants.
NAIC's Uniform Policy The ______________________ gives the Chief Financial Officer
Provision Law power to regulate financial planners.
Under Workers' True
Compensation if a worker
is killed in an industrial
accident, the law provides
for payment of burial
expenses, subject to a
maximum amount, and
compensation for the
surviving spouse or other
dependents of the worker
at time of death.
The maximum length of time that disability income
Benefit Period benefits will be paid to a disabled insured is known as
the:
With a deferred variable True
annuity, continuous
contributions must be
made during the
accumulation period
Save
Terms in this set (118)
A person who has a disability income policy and
suffers from a disability that is not serious enough to
Nondisabling Injury
qualify them for disability income benefits may
Provision
receive the actual cost of medical treatment for
accident-related injuries under the:
The following statement(s) HMOs stress preventive care, rarely assess
about HMOs is/are deductibles, and provide coverage for routine doctor
CORRECT? visits and hospital care.
Pure Risk An insurable risk example
Most employers will establish benefit schedules in
Earnings
regard to group life insurance
Substantive common law rule in contract cases that
prevents a party to a written contract from presenting
The Parol Evidence Rule extrinsic evidence that discloses an ambiguity and
clarifies it or adds to the written terms of the contract
that appears to be whole.
Florida law requires that True
group health insurance
policies make available to
the policyholder coverage
for mental and nervous
disorders
,A disability income policy True
is the only type of health
insurance policy to which
a guaranteed insurability
rider may be attached
Part B - Supplementary Part of Medicare requires premium payments by
Medical insurance eligible participants
Provide detailed medical information concerning
The main purpose of the
applicants to enable insurers to keep costs down
Medical Information
through the prevention of misrepresentation and
Bureau (MIB)
fraud.
A medical expense policy states that it will pay him a
Indemnity flat $100 a day for each day he is hospitalized. The
policy pays benefits on which basis?
Medicare supplement Pay at least some of the healthcare costs that
insurance is designed to Medicare will not pay
This rider means that if a person experiences total
Guaranteed Insurability disability, they can be relieved from paying their
premiums during the time of disability
Under individual and Immediately
group health insurance
policies sold in Florida,
coverage for a newborn
child of the insured begins
how soon after birth?
Peril The cause of risk
The percentage amount of 6.20
FICA tax is distributed to
OASDI (2012
, Types of life insurance
policies would provide the
greatest amount of
protection for a temporary
period during which an
insured will have limited
financial resources?
The Civil Rights Act of 1979 False
made it mandatory that
group insurance provide
maternity benefits if an
insured group consists of
15 or more participants.
NAIC's Uniform Policy The ______________________ gives the Chief Financial Officer
Provision Law power to regulate financial planners.
Under Workers' True
Compensation if a worker
is killed in an industrial
accident, the law provides
for payment of burial
expenses, subject to a
maximum amount, and
compensation for the
surviving spouse or other
dependents of the worker
at time of death.
The maximum length of time that disability income
Benefit Period benefits will be paid to a disabled insured is known as
the:
With a deferred variable True
annuity, continuous
contributions must be
made during the
accumulation period
