FL 2-40 Practice Exam | 100% Correct
Answers | Verified | Latest 2024 Version
Which of the following may qualify as sliding: - ✔✔Adding additional coverage to a policy and indicating
that it is included in the original premium.
Which of the following reimburses its insureds for covered medical expenses? - ✔✔Commercial insurers
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
cover? - ✔✔$6,563
Which of the following is known for stressing preventive health care? - ✔✔Health maintenance
organizations
Which of the following is an objective of Florida's Long Term Care Partnership Program? - ✔✔To contain
the growth of public expenditures by encouraging consumers to purchase long-term care coverage
Which of the following is CORRECT? - ✔✔Insurance companies have to notify applicants within a few
days that a consumer report has been requested.
A waiver of premium provision may be included with which kind of health insurance policy? -
✔✔Disability income
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 application 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.
, All of the following are mandatory provisions in health insurance policies EXCEPT - ✔✔misstatement of
age
Which of the following is NOT a typical type of long-term care coverage? - ✔✔Hospice care
Which of the following is CORRECT about the Fair Credit Reporting Act? - ✔✔It provides insurance
companies the ability to view consumers? credit history.
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
What does the Buyer's Guide do? - ✔✔It helps buyers choose the most suitable plan.
Beth's health insurance policy contains a provision that allows her to renew coverage up to age 65.
However, the policy also states that should Beth lose her job, the insurance company will cancel the
policy, regardless of Beth's age. In terms of renewability, what type of policy does Beth have? -
✔✔Conditionally renewable
Basic hospital expense insurance provides coverage for all of the following EXCEPT - ✔✔drugs and X-rays
Which is the purpose of insurance? - ✔✔It spreads financial risk over a large group.
Which of the following legal terms indicates that an insurance contract contains the enforceable
promises of only one party? - ✔✔Unilateral
Basic surgical expense policies generally provide coverage for all of the following EXCEPT -
✔✔miscellaneous expenses, such as lab fees and X-rays
What constitutes "consideration" for a health insurance policy? - ✔✔Application and initial premium
What does the consideration clause identify? - ✔✔Benefit amounts
Answers | Verified | Latest 2024 Version
Which of the following may qualify as sliding: - ✔✔Adding additional coverage to a policy and indicating
that it is included in the original premium.
Which of the following reimburses its insureds for covered medical expenses? - ✔✔Commercial insurers
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
cover? - ✔✔$6,563
Which of the following is known for stressing preventive health care? - ✔✔Health maintenance
organizations
Which of the following is an objective of Florida's Long Term Care Partnership Program? - ✔✔To contain
the growth of public expenditures by encouraging consumers to purchase long-term care coverage
Which of the following is CORRECT? - ✔✔Insurance companies have to notify applicants within a few
days that a consumer report has been requested.
A waiver of premium provision may be included with which kind of health insurance policy? -
✔✔Disability income
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 application 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.
, All of the following are mandatory provisions in health insurance policies EXCEPT - ✔✔misstatement of
age
Which of the following is NOT a typical type of long-term care coverage? - ✔✔Hospice care
Which of the following is CORRECT about the Fair Credit Reporting Act? - ✔✔It provides insurance
companies the ability to view consumers? credit history.
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
What does the Buyer's Guide do? - ✔✔It helps buyers choose the most suitable plan.
Beth's health insurance policy contains a provision that allows her to renew coverage up to age 65.
However, the policy also states that should Beth lose her job, the insurance company will cancel the
policy, regardless of Beth's age. In terms of renewability, what type of policy does Beth have? -
✔✔Conditionally renewable
Basic hospital expense insurance provides coverage for all of the following EXCEPT - ✔✔drugs and X-rays
Which is the purpose of insurance? - ✔✔It spreads financial risk over a large group.
Which of the following legal terms indicates that an insurance contract contains the enforceable
promises of only one party? - ✔✔Unilateral
Basic surgical expense policies generally provide coverage for all of the following EXCEPT -
✔✔miscellaneous expenses, such as lab fees and X-rays
What constitutes "consideration" for a health insurance policy? - ✔✔Application and initial premium
What does the consideration clause identify? - ✔✔Benefit amounts
