Health Insurance Florida 2-40 Practice Exam Questions And
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) - 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
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) - 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
