2026 HEALTH INSURANCE FLORIDA 2-40
EXAM 1 QUESTIONS WITH VERIFIED ANSWERS
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) --
PRECISE ANS--- Fair Credit Reporting Act (Insurance Information and Privacy
Protection Act)
Group health insurance specifies that what percentage of eligible individuals MUST be
offered coverage under a noncontributory plan?
-25
-50
-75
-100 --PRECISE ANS--- 100
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 --PRECISE ANS--- At the inception of the policy
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 --PRECISE ANS--- month
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 --PRECISE ANS--- Disability Buy-Out
, Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care --PRECISE ANS--- Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in which of the
following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions --PRECISE ANS--- Exclusions
An insured whose Disability Income policy contains a Change of Occupation clause
takes a new job in a more hazardous occupation and fails to notify the insurer of the
change. One year later, the insured becomes disabled. The insurer will most likely take
which of the following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased under the more
hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment --PRECISE ANS---
Settle the claim according to what the premiums would have purchased under the more
hazardous occupation
Which of the following definitions of disability would cover a permanent partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability --PRECISE ANS--- Residual disability
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT:
-Collect any premiums due
-fully explain all exclusions and/or riders
-keep the policy in the producer's office for safe-keeping on behalf of the client
-review all benefits provided by the policy --PRECISE ANS--- keep the policy in the
producer's office for safe-keeping on behalf of the client
The Social Security program provides all of the following benefits EXCEPT:
-Retirement
-survivor
-disability
-workers compensation --PRECISE ANS--- workers compensation
EXAM 1 QUESTIONS WITH VERIFIED ANSWERS
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) --
PRECISE ANS--- Fair Credit Reporting Act (Insurance Information and Privacy
Protection Act)
Group health insurance specifies that what percentage of eligible individuals MUST be
offered coverage under a noncontributory plan?
-25
-50
-75
-100 --PRECISE ANS--- 100
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 --PRECISE ANS--- At the inception of the policy
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 --PRECISE ANS--- month
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 --PRECISE ANS--- Disability Buy-Out
, Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care --PRECISE ANS--- Travel Accident
Suicide, pre-existing conditions and self-inflicted injuries are dealt with in which of the
following policy features?
-Extensions of coverage
-Benefits clause
-Riders
-Exclusions --PRECISE ANS--- Exclusions
An insured whose Disability Income policy contains a Change of Occupation clause
takes a new job in a more hazardous occupation and fails to notify the insurer of the
change. One year later, the insured becomes disabled. The insurer will most likely take
which of the following actions?
-Cancel the policy and refund one year's premiums
-Settle the claim according to what the premiums would have purchased under the more
hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment --PRECISE ANS---
Settle the claim according to what the premiums would have purchased under the more
hazardous occupation
Which of the following definitions of disability would cover a permanent partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability --PRECISE ANS--- Residual disability
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT:
-Collect any premiums due
-fully explain all exclusions and/or riders
-keep the policy in the producer's office for safe-keeping on behalf of the client
-review all benefits provided by the policy --PRECISE ANS--- keep the policy in the
producer's office for safe-keeping on behalf of the client
The Social Security program provides all of the following benefits EXCEPT:
-Retirement
-survivor
-disability
-workers compensation --PRECISE ANS--- workers compensation
