age 1 of 56
HEALTH INSURANCE FLORIDA 2-40 PRACTICE EXAM
(ACTUAL 2025) QUESTIONS & ANSWERS (VERIFIED)
K is insured under a Group Life insurance policy. K is considered
to be a(n) ......ANSWER........certificate holder
Typically a life insurance death benefit is paid by a lump-sum
payment. A(n) ________ option is a method of distributing a Life
Insurance policy's death benefit OTHER than by a lump sum
payment. ......ANSWER........settlement
N is a student pilot with a large life insurance policy. Which of
these features would limit the insurer's obligation in the event N
was killed while flying as a student pilot?
......ANSWER........Exclusion
,age 2 of 56
The Coordination of Benefits provision: ......ANSWER........prevents
an insured covered by two health plans from making a profit on
a covered loss
All of the following statements regarding a Tax Sheltered
Annuity (TSA) are true EXCEPT ......ANSWER........Income derived
from the TSA is received income tax-free
A prospective insured completes and signs an application for
health insurance but intentionally conceals information about a
pre-existing heart condition. The company issues the policy. Two
months later, the insured suffers a heart attack and submits a
claim. While processing the claim, the company discovers the
pre-existing condition. In this situation, the company will:
......ANSWER........Continue coverage, but exclude the heart
condition
,age 3 of 56
According to Florida's rules on disclosure, a life insurance
applicant is expected to be provided with ......ANSWER........a
Buyer's Guide and a Policy Summary
When a person returns to work after a period of total disability
but cannot earn as much as he or she did before the disability,
this situation is called which of the following?
......ANSWER........Residual disability
According to Florida law, group life insurance conversion
privileges must NOT ......ANSWER........require evidence of
insurability
A long-term care lapse notice must be delivered to both the
applicant and ......ANSWER........secondary addressee
Medicare Part B does NOT cover: ......ANSWER........inpatient
hospital services
, age 4 of 56
C was injured while deep sea diving and requires a hospital
stay. C has a Major Medical policy with a 80/20 coinsurance
clause and a $400 deductible. What is the MAXIMUM C will
pay if the covered medical expenses are $2000?
......ANSWER........$720 ($400 deductible + 20% of the
remaining bill which would be $1600)
Credit life insurance is typically issued with which of the
following types of coverage? ......ANSWER........Decreasing Term
An agent may provide a prospective client with an advertising
gift as long as the value of that gift does not exceed ______.
......ANSWER........$100
S has a Whole Life policy with a premium payment due soon.
Which provision would keep the policy in force if S does not
make the required payment and the policy has adequate cash
HEALTH INSURANCE FLORIDA 2-40 PRACTICE EXAM
(ACTUAL 2025) QUESTIONS & ANSWERS (VERIFIED)
K is insured under a Group Life insurance policy. K is considered
to be a(n) ......ANSWER........certificate holder
Typically a life insurance death benefit is paid by a lump-sum
payment. A(n) ________ option is a method of distributing a Life
Insurance policy's death benefit OTHER than by a lump sum
payment. ......ANSWER........settlement
N is a student pilot with a large life insurance policy. Which of
these features would limit the insurer's obligation in the event N
was killed while flying as a student pilot?
......ANSWER........Exclusion
,age 2 of 56
The Coordination of Benefits provision: ......ANSWER........prevents
an insured covered by two health plans from making a profit on
a covered loss
All of the following statements regarding a Tax Sheltered
Annuity (TSA) are true EXCEPT ......ANSWER........Income derived
from the TSA is received income tax-free
A prospective insured completes and signs an application for
health insurance but intentionally conceals information about a
pre-existing heart condition. The company issues the policy. Two
months later, the insured suffers a heart attack and submits a
claim. While processing the claim, the company discovers the
pre-existing condition. In this situation, the company will:
......ANSWER........Continue coverage, but exclude the heart
condition
,age 3 of 56
According to Florida's rules on disclosure, a life insurance
applicant is expected to be provided with ......ANSWER........a
Buyer's Guide and a Policy Summary
When a person returns to work after a period of total disability
but cannot earn as much as he or she did before the disability,
this situation is called which of the following?
......ANSWER........Residual disability
According to Florida law, group life insurance conversion
privileges must NOT ......ANSWER........require evidence of
insurability
A long-term care lapse notice must be delivered to both the
applicant and ......ANSWER........secondary addressee
Medicare Part B does NOT cover: ......ANSWER........inpatient
hospital services
, age 4 of 56
C was injured while deep sea diving and requires a hospital
stay. C has a Major Medical policy with a 80/20 coinsurance
clause and a $400 deductible. What is the MAXIMUM C will
pay if the covered medical expenses are $2000?
......ANSWER........$720 ($400 deductible + 20% of the
remaining bill which would be $1600)
Credit life insurance is typically issued with which of the
following types of coverage? ......ANSWER........Decreasing Term
An agent may provide a prospective client with an advertising
gift as long as the value of that gift does not exceed ______.
......ANSWER........$100
S has a Whole Life policy with a premium payment due soon.
Which provision would keep the policy in force if S does not
make the required payment and the policy has adequate cash
