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Florida 2-40 Bundled Exams with Complete Solution | Verified Answers | 2024
Florida 2-40 Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]Florida 2-40 Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges 
which fall within the standard range of fees normally charged for a specific procedure by a doctor of 
similar training and experience in that geographic area is known as - Usual, customary and 
r...
Preview 2 out of 10 pages
Add to cartA medical expense policy that establishes the amount of benefit paid based upon the prevailing charges 
which fall within the standard range of fees normally charged for a specific procedure by a doctor of 
similar training and experience in that geographic area is known as - Usual, customary and 
r...
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future 
obligations to its policyholders is called: - Reserves 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character 
according to the: - Fair Credit Re...
Preview 4 out of 35 pages
Add to cartThe stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future 
obligations to its policyholders is called: - Reserves 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character 
according to the: - Fair Credit Re...
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 Informatio...
Preview 2 out of 15 pages
Add to cartWhich 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 Informatio...
An organization that transacts insurance only with its own members is a(n): - Fraternal 
The ____________ has the power to issue rules and regulations to help enforce insurance laws. - 
Commissioner, Superintendent, or Director 
All of the following are essential elements of a legal contract, EXCEPT...
Preview 2 out of 13 pages
Add to cartAn organization that transacts insurance only with its own members is a(n): - Fraternal 
The ____________ has the power to issue rules and regulations to help enforce insurance laws. - 
Commissioner, Superintendent, or Director 
All of the following are essential elements of a legal contract, EXCEPT...
Which of the following is NOT a form of medical insurance? 
-Business overhead expense 
-Surgical expense 
-Hospital expense 
-Long term care - Business overhead expense (Explanation:Business Overhead Expense insurance is 
designed to reimburse a business for overhead expenses in the event a busines...
Preview 4 out of 84 pages
Add to cartWhich of the following is NOT a form of medical insurance? 
-Business overhead expense 
-Surgical expense 
-Hospital expense 
-Long term care - Business overhead expense (Explanation:Business Overhead Expense insurance is 
designed to reimburse a business for overhead expenses in the event a busines...
Multiple Employer Welfare Arrangement (MEWA) provides what type of benefits? - Insurance 
XYZ Company pays the entire premium for its group health plan. The MINIMUM percentage of eligible 
employees that must be covered is - 100% 
In Major Medical Expense policies, what is the intent of Stop Loss pr...
Preview 2 out of 10 pages
Add to cartMultiple Employer Welfare Arrangement (MEWA) provides what type of benefits? - Insurance 
XYZ Company pays the entire premium for its group health plan. The MINIMUM percentage of eligible 
employees that must be covered is - 100% 
In Major Medical Expense policies, what is the intent of Stop Loss pr...
Which of the following may qualify as sliding: - Adding additional coverage to a policy and indicating 
that it is included in the original premium. 
Which of the following reimburses its insureds for covered medical expenses? - Commercial insurers 
After a week in the hospital, Lola receives a bill...
Preview 2 out of 9 pages
Add to cartWhich of the following may qualify as sliding: - Adding additional coverage to a policy and indicating 
that it is included in the original premium. 
Which of the following reimburses its insureds for covered medical expenses? - Commercial insurers 
After a week in the hospital, Lola receives a bill...
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