UPDATED FLORIDA {215} LIFE, HEALTH, INSURANCE
LAW PRACTICE REAL EXAM –QUESTIONS & CORRECT
ANSWERS |100% |GUARANTEED PASS
What is Medicare?
A hospital and medical expense insurance program
When a policy pays dividends to its policyholders is said to be?
Participating
Which of these describes a participating insurance policy?
Policy owners are entitled to receive dividends
This statement regarding third-party ownership of a life insurance policy is true:
It is used extensively in estate planning as well as business circumstances.
.
An accident policy will most likely pay a benefit for an:
Of the job accident
P is insured under a basic cancer plan. Which of the following conditions would be covered under this
plan?
Operation of a malignant tumor
,The following characteristics are associated with a large group os disability income policies:
No medical underwriting ( A large group of disability income policies can be distinguished by no medical
underwriting)
The following is the reimbursement of benefits for the treatment of a beneficiary's injuries caused by a
third party:
Subrogation
If the insured and primary beneficiary are both killed in the same accident and it cannot be determined
who died first, where are the death proceeds to be directed under the Uniform Simultaneous Death
Act?
Insured's contingent beneficiary (If this happens, the claim will be paid to the secondary or contingent
beneficiary.)
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy?
Reimbursement
The following bet describes how a policy that uses the accidental bodily injury definition of accident
differs from one that uses the "accidental means" definition?
Less restrictive
,The federal income tax treatment of employer-provided group Medical Insurance can be accurately
described as:
Employee’s Premiums paid by the employer are tax deductible to the employer as a business
expenditure
Which type of policy would pay an employee's salary if the employee were injured in a bicycle accident
and out of work for six weeks?
Business overhead expense
.
The benefits under a Disability Buy-Out Policy are:
Payable to the company or another shareholder
On an Accidental Death and Dismemberment (AD&D) insurance policy, who is qualified to change the
beneficiary designation?
The Policy Owner
This coverage is best described as short term medical policy:
Interim Coverage
, What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her
consent when a change of beneficiary is made?
Irrevocable Beneficiary
The Following is reimbursement of benefits for the treatment of a beneficiaries injuries caused by a
third party:
Subrogation
This Mode of payment is NOT used by health insurance policies:
Single Premium
Medicaid was designed to assist individuals who are:
Below a specific income
Medicare Part A and Part B do NOT pay for:
Dental Work
LAW PRACTICE REAL EXAM –QUESTIONS & CORRECT
ANSWERS |100% |GUARANTEED PASS
What is Medicare?
A hospital and medical expense insurance program
When a policy pays dividends to its policyholders is said to be?
Participating
Which of these describes a participating insurance policy?
Policy owners are entitled to receive dividends
This statement regarding third-party ownership of a life insurance policy is true:
It is used extensively in estate planning as well as business circumstances.
.
An accident policy will most likely pay a benefit for an:
Of the job accident
P is insured under a basic cancer plan. Which of the following conditions would be covered under this
plan?
Operation of a malignant tumor
,The following characteristics are associated with a large group os disability income policies:
No medical underwriting ( A large group of disability income policies can be distinguished by no medical
underwriting)
The following is the reimbursement of benefits for the treatment of a beneficiary's injuries caused by a
third party:
Subrogation
If the insured and primary beneficiary are both killed in the same accident and it cannot be determined
who died first, where are the death proceeds to be directed under the Uniform Simultaneous Death
Act?
Insured's contingent beneficiary (If this happens, the claim will be paid to the secondary or contingent
beneficiary.)
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy?
Reimbursement
The following bet describes how a policy that uses the accidental bodily injury definition of accident
differs from one that uses the "accidental means" definition?
Less restrictive
,The federal income tax treatment of employer-provided group Medical Insurance can be accurately
described as:
Employee’s Premiums paid by the employer are tax deductible to the employer as a business
expenditure
Which type of policy would pay an employee's salary if the employee were injured in a bicycle accident
and out of work for six weeks?
Business overhead expense
.
The benefits under a Disability Buy-Out Policy are:
Payable to the company or another shareholder
On an Accidental Death and Dismemberment (AD&D) insurance policy, who is qualified to change the
beneficiary designation?
The Policy Owner
This coverage is best described as short term medical policy:
Interim Coverage
, What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her
consent when a change of beneficiary is made?
Irrevocable Beneficiary
The Following is reimbursement of benefits for the treatment of a beneficiaries injuries caused by a
third party:
Subrogation
This Mode of payment is NOT used by health insurance policies:
Single Premium
Medicaid was designed to assist individuals who are:
Below a specific income
Medicare Part A and Part B do NOT pay for:
Dental Work
