Florida Statutes, Rules, and Regulations Pertinent to Health Insurance Exam With Complete Solutions

Florida Statutes, Rules, and Regulations Pertinent to Health Insurance Exam With Complete Solutions 2: Shortly after a replacement transaction on a Medicare supplement policy, the insured decided to cancel the policy, but is unsure whether the free-look provision applies. The insured could find that information in the A Policy application. B Buyer's Guide. C Certificate of Coverage. D Notice Regarding Replacement. - answerD 3: Which of the following is true regarding Medicare supplement policies? A They must be available to those aged 60 and over. B They must be guaranteed renewable. C They must have a 15-day free-look period. D They must contain a minimum of Plans A and B. - answerB 7: A long-term care insurance shopper's guide must be provided in the format developed by which of the following? A Office of Insurance Regulation B Director C Medical Information Bureau D NAIC - answerD 12: Which of the following is NOT specifically prohibited by state law as an unfair trade practice? A Reducing the premiums paid by employers for group insurance based on loss experience B Using misleading representations to induce uncalled-for action by the insured C Using incomplete comparisons of policies to induce uncalled-for action by the insured D Failing to disclose that the solicitations of an insurance contract are the result of a marketing method - answerA 14: When does Medicare cover nursing home care? A Medicare covers all nursing home care for eligible policyholders B Only if it is part of treatment for a covered illness or injury C Only if the deductible has been met D Only for those age 80 and older - answerB 1: Which of the following does NOT have to be disclosed in a long-term care (LTC) policy? A The aggregate amount of premiums due B The meaning of the terms "reasonable" and "customary" C Any limitations or conditions of eligibility for LTC benefits D Any riders or endorsements - answerA 2: The Florida Employee Health Care Access Act serves which of the following purposes? A It mandates minimal health insurance provisions to employees of companies with 10 or fewer employees. B It regulates group health insurance provisions provided by insurers or HMOs to small employers. C It encourages limited group health insurance provisions provided by HMOs. D It requires employers to purchase insurance that covers all pre-existing conditions of covered employees without limitation. - answerB 4: The inflation protection feature in long-term care policies issued in this state must provide protection for inflation at what percent annually? A 2% B 5% C 6% D 8% - answerB 5: A 70-year-old individual who bought a Part B Medicare policy 2 months ago just began kidney dialysis treatments this week. The individual is now applying for a Medicare supplement policy,