2-40 practice exam
1. Which of the following may qualify as sliding:: Adding additional
coverage to a policy and indicating that it is included in the original
premium.
2. Which of the following reimburses its insureds for covered medical
ex- penses?: Commercial insurers
3. After a week in the hospital, Lola receives a bill for $9,000 of covered
expenses. Her major medical policy has a $250 deductible and a 75/25
coinsurance feature. How much of the total expense will Lola's policy
cov- er?: $6,563
4. Which of the following is known for stressing preventive health care?: -
Health maintenance organizations
5. Which of the following is an objective of Florida's Long Term Care Part-
nership Program?: To contain the growth of public expenditures by
1/7
,encouraging consumers to purchase long-term care coverage
6. Which of the following is CORRECT?: Insurance companies have to
notify applicants within a few days that a consumer report has been
requested.
7. A waiver of premium provision may be included with which kind of
health insurance policy?: Disability income
8. On August 1st, Robert completed an application for a major medical
policy, gave his agent a check for the initial premium and received an
insurability receipt from the agent. On August 3rd, the agent submitted
Roger's appli- cation and premium to the insurance company. On August
6th, Roger was involved in an accident and admitted to a hospital. On
August 12th, the agent received Roger's policy from the insurance
company. Which of the following statements concerning this situation is
CORRECT?: Roger's coverage began when he received the insurability
receipt.
2/7
, 9. All of the following are mandatory provisions in health insurance
policies EXCEPT: misstatement of age
10. Which of the following is NOT a typical type of long-term care
coverage?-
: Hospice care
11. Which of the following is CORRECT about the Fair Credit Reporting
Act?-
: It provides insurance companies the ability to view consumers? credit
history.
12.As it pertains to group health insurance, COBRA stipulates that:
group coverage must be extended for terminated employees up to a
certain period of time at the employee's expense
3/7
1. Which of the following may qualify as sliding:: Adding additional
coverage to a policy and indicating that it is included in the original
premium.
2. Which of the following reimburses its insureds for covered medical
ex- penses?: Commercial insurers
3. After a week in the hospital, Lola receives a bill for $9,000 of covered
expenses. Her major medical policy has a $250 deductible and a 75/25
coinsurance feature. How much of the total expense will Lola's policy
cov- er?: $6,563
4. Which of the following is known for stressing preventive health care?: -
Health maintenance organizations
5. Which of the following is an objective of Florida's Long Term Care Part-
nership Program?: To contain the growth of public expenditures by
1/7
,encouraging consumers to purchase long-term care coverage
6. Which of the following is CORRECT?: Insurance companies have to
notify applicants within a few days that a consumer report has been
requested.
7. A waiver of premium provision may be included with which kind of
health insurance policy?: Disability income
8. On August 1st, Robert completed an application for a major medical
policy, gave his agent a check for the initial premium and received an
insurability receipt from the agent. On August 3rd, the agent submitted
Roger's appli- cation and premium to the insurance company. On August
6th, Roger was involved in an accident and admitted to a hospital. On
August 12th, the agent received Roger's policy from the insurance
company. Which of the following statements concerning this situation is
CORRECT?: Roger's coverage began when he received the insurability
receipt.
2/7
, 9. All of the following are mandatory provisions in health insurance
policies EXCEPT: misstatement of age
10. Which of the following is NOT a typical type of long-term care
coverage?-
: Hospice care
11. Which of the following is CORRECT about the Fair Credit Reporting
Act?-
: It provides insurance companies the ability to view consumers? credit
history.
12.As it pertains to group health insurance, COBRA stipulates that:
group coverage must be extended for terminated employees up to a
certain period of time at the employee's expense
3/7
