Health Insurance Florida 2-40 Practice Exam
Questions Solved 100% Correct| Newest
2025|Verified Solutions
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
Which of the following definitions MOST accurately describes the Probationary Period?
-The period of time from the date of the loss until the benefits begin
-The period of time from the date of the loss until benefits are actually received by the
policyowner
-The waiting period a new hire must satisfy prior to becoming eligible for group health
coverage
-The period of time once a claim is received by the insurance company before it pays
benefits to the policyowner - ✔✔The waiting period a new hire must satisfy prior to
becoming eligible for group health coverage
Under a group health plan, an employer may offer additional benefits to classes of
employees on the basis of all of the following factors EXCEPT:
-length of employment
-gender
-salary grade
-job category - ✔✔gender
An insured becomes disabled three years after his Disability Income policy is issued. The
disability is caused by a condition that existed prior to the policy issue date but was not
specifically excluded from coverage. In this situation, the insurer will most likely take
which of the following actions?
-Pay the full claim
-Pay the claim for a maximum of six months only
Questions Solved 100% Correct| Newest
2025|Verified Solutions
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
Which of the following definitions MOST accurately describes the Probationary Period?
-The period of time from the date of the loss until the benefits begin
-The period of time from the date of the loss until benefits are actually received by the
policyowner
-The waiting period a new hire must satisfy prior to becoming eligible for group health
coverage
-The period of time once a claim is received by the insurance company before it pays
benefits to the policyowner - ✔✔The waiting period a new hire must satisfy prior to
becoming eligible for group health coverage
Under a group health plan, an employer may offer additional benefits to classes of
employees on the basis of all of the following factors EXCEPT:
-length of employment
-gender
-salary grade
-job category - ✔✔gender
An insured becomes disabled three years after his Disability Income policy is issued. The
disability is caused by a condition that existed prior to the policy issue date but was not
specifically excluded from coverage. In this situation, the insurer will most likely take
which of the following actions?
-Pay the full claim
-Pay the claim for a maximum of six months only
