Health Insurance Florida 2-40 Practice Exam Questions and
Answers |Fall 2026/2027 Update | 100% Correct Latest
(Graded A+)
Question 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)
Correct Answer
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
Question 2
Group health insurance specifies that what percentage of eligible individuals MUST be offered coverage under a
noncontributory plan?
-25
-50
-75
-100
Correct Answer
100
Page 1 of 26
,Question 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
-At the time a claim is submitted
Correct Answer
At the inception of the policy
Question 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
Correct Answer
month
Page 2 of 26
, Question 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
Correct Answer
Disability Buy-Out
Question 6
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care
Correct Answer
Travel Accident
Page 3 of 26
Answers |Fall 2026/2027 Update | 100% Correct Latest
(Graded A+)
Question 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)
Correct Answer
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
Question 2
Group health insurance specifies that what percentage of eligible individuals MUST be offered coverage under a
noncontributory plan?
-25
-50
-75
-100
Correct Answer
100
Page 1 of 26
,Question 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
-At the time a claim is submitted
Correct Answer
At the inception of the policy
Question 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
Correct Answer
month
Page 2 of 26
, Question 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
Correct Answer
Disability Buy-Out
Question 6
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care
Correct Answer
Travel Accident
Page 3 of 26
