Florida Health and Life Insurance State
Exam Practice Part 1 Questions and
Answers
1. Which Accident and Health policy provision addresses
preexisting condi- tions?: Time Limit on Certain Defenses
2. Which of the following individual health insurance policies will
provide the broadest protection?: Major Medical
3. Which of the following situations does NOT apply to the Florida
Replacement Rule?: An existing policyholder purchases an additional policy from the same
insurer
4. Agent J takes an application and initial premium from an applicant
and sends the application and premium check to the insurance
company. The insurance company returns the check back to J because
the check is made out to J instead of the insurance company. What action
should J take?: Return to the customer, collect a new check made out to the insurance
company, and send the new check out to the insurance company
5. Under which of the following circumstances will the benefits
under COBRA continuation coverage end?: All group health plans are terminated by
,the employer
6. Which type of renewability best describes a Disability Income
policy that covers an individual until the age of 65, but the insurer
has the right to change the premium rate for the overall risk class?:
Garunteed Renewable
7. An incomplete life insurance application submitted to an insurer
will result in which of these actions?: Application will be returned to the writting
agent
8. The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond: 6 Months
9. Which of these statements is INCORRECT regarding the federal
income tax treatment of life insurance?: Entire cash surrender value is taxable
10. Which of these is considered a mandatory provision?: Payment of
Claims
11. Which of the following actions will an insurance company most
likely NOT take if an applicant, who has diabetes, applies for a
Disability Income policy?: - Issue the policy with an altered Time of Payment of Claims
provision
, 12. Which of the following phrases refers to the fees charged by
a healthcare professional?: Usual, customary, and reasonable expenses
13. D was actively serving in the Marines when he was killed in an
automobile accident while on leave. His $100,000 Whole life policy
contains a War Exclusion clause. How much will D's beneficiary's
receive?: The full face amount
14. N is covered under an individual Disability policy with a 30-
day Elimination period and a monthly benefit of $500. N is totally
disabled for 3 1/2 months. N's total benefit received on this claim
is:: $1,250
No benefits are available during the elimination period.
15. Who does an agent represent during the solicitation or
insurance?: The insurance company
16. Which of the following costs would a Basic Hospital/Surgical
policy likely cover?: Sugically removing a facial birthmark
17. The federal income tax treatment of employer-provided group
Medical Ex- pense insurance can be accurately described as:: Employee's
premiums paid by the employer is tax-deductible to the employer as a business expenditure
Exam Practice Part 1 Questions and
Answers
1. Which Accident and Health policy provision addresses
preexisting condi- tions?: Time Limit on Certain Defenses
2. Which of the following individual health insurance policies will
provide the broadest protection?: Major Medical
3. Which of the following situations does NOT apply to the Florida
Replacement Rule?: An existing policyholder purchases an additional policy from the same
insurer
4. Agent J takes an application and initial premium from an applicant
and sends the application and premium check to the insurance
company. The insurance company returns the check back to J because
the check is made out to J instead of the insurance company. What action
should J take?: Return to the customer, collect a new check made out to the insurance
company, and send the new check out to the insurance company
5. Under which of the following circumstances will the benefits
under COBRA continuation coverage end?: All group health plans are terminated by
,the employer
6. Which type of renewability best describes a Disability Income
policy that covers an individual until the age of 65, but the insurer
has the right to change the premium rate for the overall risk class?:
Garunteed Renewable
7. An incomplete life insurance application submitted to an insurer
will result in which of these actions?: Application will be returned to the writting
agent
8. The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond: 6 Months
9. Which of these statements is INCORRECT regarding the federal
income tax treatment of life insurance?: Entire cash surrender value is taxable
10. Which of these is considered a mandatory provision?: Payment of
Claims
11. Which of the following actions will an insurance company most
likely NOT take if an applicant, who has diabetes, applies for a
Disability Income policy?: - Issue the policy with an altered Time of Payment of Claims
provision
, 12. Which of the following phrases refers to the fees charged by
a healthcare professional?: Usual, customary, and reasonable expenses
13. D was actively serving in the Marines when he was killed in an
automobile accident while on leave. His $100,000 Whole life policy
contains a War Exclusion clause. How much will D's beneficiary's
receive?: The full face amount
14. N is covered under an individual Disability policy with a 30-
day Elimination period and a monthly benefit of $500. N is totally
disabled for 3 1/2 months. N's total benefit received on this claim
is:: $1,250
No benefits are available during the elimination period.
15. Who does an agent represent during the solicitation or
insurance?: The insurance company
16. Which of the following costs would a Basic Hospital/Surgical
policy likely cover?: Sugically removing a facial birthmark
17. The federal income tax treatment of employer-provided group
Medical Ex- pense insurance can be accurately described as:: Employee's
premiums paid by the employer is tax-deductible to the employer as a business expenditure
