Health Insurance Florida 2-40 Practice
Exam Questions 1/51 Q’S AND A’S
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)
- -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 - -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 - -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 - -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 - -Disability Buy-Out
, -Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - -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 - -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 - -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 - -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 - -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 - -workers compensation
Exam Questions 1/51 Q’S AND A’S
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)
- -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 - -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 - -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 - -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 - -Disability Buy-Out
, -Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care - -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 - -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 - -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 - -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 - -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 - -workers compensation
