Health Insurance Florida 2-40 Practice
Exam – Florida 2-40 License | Exam
Practice Questions and Answers
Introduction:
This document contains an extensive collection of 350 practice
exam questions with correct answers focused on Florida
Health Insurance licensing (2-40). It covers key exam topics
such as health insurance policies, Medicare and Medicaid,
HMOs, disability income, group health insurance,
underwriting, Florida regulations, and ethical standards. The
material is well suited for exam preparation and review for
students and professionals preparing for the Florida 2-40
Health Insurance Agent exam.
Exam Questions and Answers:
Which of the following is an example of a limited risk policy?
-Surgical policy
-Medical expense policy
-Hospital policy
-Aviation policy -Answer:-Aviation policy
,A famous dancer decides to take out a special policy covering
her legs for $1 million. What type of accident policy is this?
-Disability income policy
-Limited risk policy
-Major Medical policy
-Special risk policy -Answer:-Special risk policy
Margaret has a special risk policy. It will pay a benefit for...
-Unusual hazards normally not covered by other policies
-Death or dismemberment resulting from an aviation accident
during a specified trip
-Dreaded diseases
-Special risks such as Lou Gehrig's disease or Parkinson's
disease -Answer:-Unusual hazards normally not covered by
other policies
What is the free-look period for a Medicare Supplement policy?
-7-days
-10-days
-14-days
,-30-days -Answer:-30-days
Which of the following statements is true about a Medicare
Supplement policy?
-These policies are designed to cover deductibles and co-
insurance
-Only insurance companies affiliated with Medicare can
provide Medicare Supplement policies
-These policies may be issued to anyone 59 1/2 or older
without evidence of insurability
-Anyone who qualifies for Medicaid benefits may be issued
these policies -Answer:-These policies are designed to cover
deductibles and co-insurance
An Eligible Expenses provision in a comprehensive major
medical health insurance policy commonly identifies all of the
following types of health care services as being covered by that
policy EXCEPT:
-professional services of doctors and other medical
practitioners
-hospital charges for semi-private room and board
-experimental and investigative services
, -services of Registered Nurses -Answer:-experimental and
investigative services
A group long-term disability plan is integrated with Social
Security when which of the following statements is CORRECT?
Social Security and group benefits pay a combined maximum
limit.
Group benefits are paid only after Social Security benefits are
exhausted.
Full Social Security benefits are paid only after group benefits
are exhausted.
Half of the allowable Social Security benefits are paid after
group benefits are exhausted. -Answer:-Social Security and
group benefits pay a combined maximum limit.
The Coordination of Benefits clause found in group health
master contracts is used to:
Exam – Florida 2-40 License | Exam
Practice Questions and Answers
Introduction:
This document contains an extensive collection of 350 practice
exam questions with correct answers focused on Florida
Health Insurance licensing (2-40). It covers key exam topics
such as health insurance policies, Medicare and Medicaid,
HMOs, disability income, group health insurance,
underwriting, Florida regulations, and ethical standards. The
material is well suited for exam preparation and review for
students and professionals preparing for the Florida 2-40
Health Insurance Agent exam.
Exam Questions and Answers:
Which of the following is an example of a limited risk policy?
-Surgical policy
-Medical expense policy
-Hospital policy
-Aviation policy -Answer:-Aviation policy
,A famous dancer decides to take out a special policy covering
her legs for $1 million. What type of accident policy is this?
-Disability income policy
-Limited risk policy
-Major Medical policy
-Special risk policy -Answer:-Special risk policy
Margaret has a special risk policy. It will pay a benefit for...
-Unusual hazards normally not covered by other policies
-Death or dismemberment resulting from an aviation accident
during a specified trip
-Dreaded diseases
-Special risks such as Lou Gehrig's disease or Parkinson's
disease -Answer:-Unusual hazards normally not covered by
other policies
What is the free-look period for a Medicare Supplement policy?
-7-days
-10-days
-14-days
,-30-days -Answer:-30-days
Which of the following statements is true about a Medicare
Supplement policy?
-These policies are designed to cover deductibles and co-
insurance
-Only insurance companies affiliated with Medicare can
provide Medicare Supplement policies
-These policies may be issued to anyone 59 1/2 or older
without evidence of insurability
-Anyone who qualifies for Medicaid benefits may be issued
these policies -Answer:-These policies are designed to cover
deductibles and co-insurance
An Eligible Expenses provision in a comprehensive major
medical health insurance policy commonly identifies all of the
following types of health care services as being covered by that
policy EXCEPT:
-professional services of doctors and other medical
practitioners
-hospital charges for semi-private room and board
-experimental and investigative services
, -services of Registered Nurses -Answer:-experimental and
investigative services
A group long-term disability plan is integrated with Social
Security when which of the following statements is CORRECT?
Social Security and group benefits pay a combined maximum
limit.
Group benefits are paid only after Social Security benefits are
exhausted.
Full Social Security benefits are paid only after group benefits
are exhausted.
Half of the allowable Social Security benefits are paid after
group benefits are exhausted. -Answer:-Social Security and
group benefits pay a combined maximum limit.
The Coordination of Benefits clause found in group health
master contracts is used to:
