Chapter 19/7: Florida Review Health
A long-term care policy must have an inflation protection provision that increases
benefits annually by at least: - Answer A long-term care policy must have an inflation
protection provision that increases benefits annually at least 5%.
The correct answer is: 5%
In Florida, what is the minimum number of types of lower level care that must be
provided in all long-term care policies? - Answer In Florida, all long-term care policies
must provide coverage for care in a nursing home and at least one type of lower level of
care.
The correct answer is: 1
What is any method of marketing having the effect of or tending to induce the purchase
of insurance through force, fright, or threat? - Answer High pressure tactics employ any
method of marketing having the effect of or tending to induce the purchase of insurance
through force, fright, threat, whether explicit or implied, or undue pressure to purchase
or recommend the purchase of insurance.
The correct answer is: High pressure tactics
Which of the following is a problem with nonqualified long-term care insurance contracts
sold in Florida? - Answer A long-term care policy that is not a qualified long-term care
policy must have the following disclosure prominently displayed: "This long-term care
insurance policy is not intended to be a qualified long-term care insurance contract. You
need to be aware that benefits received under this policy may create unintended,
adverse income tax consequences to you. You may want to consult with a
knowledgeable individual about such unintended income tax consequences."
The correct answer is: Tax consequences
An issuer may elect not to pay for the renewal or replacement of a Medicare
supplement policy if it restricts first year agent commissions to: - Answer An issuer that
restricts first year agent commissions to 15% or less of the policy premium, may elect
not to pay for the renewal or replacement of a Medicare supplement policy.
The correct answer is: 15% or less of the policy premium
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated within: -
Answer In Florida, if a long-term care policy lapses unintentionally, it may be reinstated
within 5 months after cancellation.
The correct answer is: 5 months
A Medicare supplement insurer cannot deny an application for a Medicare supplement
policy nor charge a higher premium if the applicant is under 65 and eligible for Medicare
due to disability or: - Answer A Medicare supplement insurer cannot deny an application
for a Medicare supplement policy nor charge a higher premium if the applicant is under
65 and eligible for Medicare due to disability or end-stage renal disease (ESRD).
The correct answer is: ESRD
, Chapter 19/7: Florida Review Health
Which of the following must be shown on the front page of any nonqualified long-term
care insurance contract sold in Florida? - Answer A long-term care policy that is not a
qualified long-term care policy must have the following disclosure prominently
displayed: "This long-term care insurance policy is not intended to be a qualified long-
term care insurance contract. You need to be aware that benefits received under this
policy may create unintended, adverse income tax consequences to you. You may want
to consult with a knowledgeable individual about such unintended income tax
consequences."
The correct answer is: "This long-term care insurance policy is not intended to be a
qualified long-term care insurance contract."
What is the rule on Medicare supplement policies duplicating benefits provided by
Medicare? - Answer No Medicare supplement policy issued in Florida may duplicate
benefits provided by Medicare.
The correct answer is: Benefits must never be duplicated.
What type of marketing fails to disclose in a conspicuous manner that a purpose of the
method of marketing is solicitation of insurance? - Answer Cold lead advertising is
making use directly or indirectly of any method of marketing which fails to disclose in a
conspicuous manner that a purpose of the method of marketing is solicitation of
insurance and that contact will be made by an insurance agent or insurance company.
The correct answer is: Cold lead advertising
In Florida, lower level of care includes: assisted living facility, nursing service, home
health service, adult day care, adult foster home, community care for the elderly,
personal care and social services. - Answer In Florida, lower level of care includes:
assisted living facility, nursing service, home health service, adult day care, adult foster
home, community care for the elderly, personal care and social services.
The correct answer is: Respite care
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated if the
insured had a continuous confinement for more than: - Answer In Florida, if a long-term
care policy lapses unintentionally, it may be reinstated if the insured had a continuous
confinement for more than 60 days.
The correct answer is: 60 days
Which of the following is not one of the daily living activities that can trigger long-term
care benefits? - Answer The activities of daily living used to determine benefits are:
bathing, continence, dressing, eating, toileting, and transferring. Reading is not
considered a required daily activity.
The correct answer is: Reading
On applications for long-term care insurance, agents must list: - Answer On applications
for long-term care insurance, agents must list all other health insurance policies sold to
an applicant.
A long-term care policy must have an inflation protection provision that increases
benefits annually by at least: - Answer A long-term care policy must have an inflation
protection provision that increases benefits annually at least 5%.
The correct answer is: 5%
In Florida, what is the minimum number of types of lower level care that must be
provided in all long-term care policies? - Answer In Florida, all long-term care policies
must provide coverage for care in a nursing home and at least one type of lower level of
care.
The correct answer is: 1
What is any method of marketing having the effect of or tending to induce the purchase
of insurance through force, fright, or threat? - Answer High pressure tactics employ any
method of marketing having the effect of or tending to induce the purchase of insurance
through force, fright, threat, whether explicit or implied, or undue pressure to purchase
or recommend the purchase of insurance.
The correct answer is: High pressure tactics
Which of the following is a problem with nonqualified long-term care insurance contracts
sold in Florida? - Answer A long-term care policy that is not a qualified long-term care
policy must have the following disclosure prominently displayed: "This long-term care
insurance policy is not intended to be a qualified long-term care insurance contract. You
need to be aware that benefits received under this policy may create unintended,
adverse income tax consequences to you. You may want to consult with a
knowledgeable individual about such unintended income tax consequences."
The correct answer is: Tax consequences
An issuer may elect not to pay for the renewal or replacement of a Medicare
supplement policy if it restricts first year agent commissions to: - Answer An issuer that
restricts first year agent commissions to 15% or less of the policy premium, may elect
not to pay for the renewal or replacement of a Medicare supplement policy.
The correct answer is: 15% or less of the policy premium
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated within: -
Answer In Florida, if a long-term care policy lapses unintentionally, it may be reinstated
within 5 months after cancellation.
The correct answer is: 5 months
A Medicare supplement insurer cannot deny an application for a Medicare supplement
policy nor charge a higher premium if the applicant is under 65 and eligible for Medicare
due to disability or: - Answer A Medicare supplement insurer cannot deny an application
for a Medicare supplement policy nor charge a higher premium if the applicant is under
65 and eligible for Medicare due to disability or end-stage renal disease (ESRD).
The correct answer is: ESRD
, Chapter 19/7: Florida Review Health
Which of the following must be shown on the front page of any nonqualified long-term
care insurance contract sold in Florida? - Answer A long-term care policy that is not a
qualified long-term care policy must have the following disclosure prominently
displayed: "This long-term care insurance policy is not intended to be a qualified long-
term care insurance contract. You need to be aware that benefits received under this
policy may create unintended, adverse income tax consequences to you. You may want
to consult with a knowledgeable individual about such unintended income tax
consequences."
The correct answer is: "This long-term care insurance policy is not intended to be a
qualified long-term care insurance contract."
What is the rule on Medicare supplement policies duplicating benefits provided by
Medicare? - Answer No Medicare supplement policy issued in Florida may duplicate
benefits provided by Medicare.
The correct answer is: Benefits must never be duplicated.
What type of marketing fails to disclose in a conspicuous manner that a purpose of the
method of marketing is solicitation of insurance? - Answer Cold lead advertising is
making use directly or indirectly of any method of marketing which fails to disclose in a
conspicuous manner that a purpose of the method of marketing is solicitation of
insurance and that contact will be made by an insurance agent or insurance company.
The correct answer is: Cold lead advertising
In Florida, lower level of care includes: assisted living facility, nursing service, home
health service, adult day care, adult foster home, community care for the elderly,
personal care and social services. - Answer In Florida, lower level of care includes:
assisted living facility, nursing service, home health service, adult day care, adult foster
home, community care for the elderly, personal care and social services.
The correct answer is: Respite care
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated if the
insured had a continuous confinement for more than: - Answer In Florida, if a long-term
care policy lapses unintentionally, it may be reinstated if the insured had a continuous
confinement for more than 60 days.
The correct answer is: 60 days
Which of the following is not one of the daily living activities that can trigger long-term
care benefits? - Answer The activities of daily living used to determine benefits are:
bathing, continence, dressing, eating, toileting, and transferring. Reading is not
considered a required daily activity.
The correct answer is: Reading
On applications for long-term care insurance, agents must list: - Answer On applications
for long-term care insurance, agents must list all other health insurance policies sold to
an applicant.
