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...
health insurance florida 2 40 practice exam questions 1 questions and answers| graded a
health insurance florida 2 40 practice exam questions 1
health insurance florida 2 40 practice exam
Written for
Health Insurance Florida
All documents for this subject (27)
1
review
By: gloryannordonez • 1 year ago
Seller
Follow
Classroom
Reviews received
Content preview
Health Insurance Florida 2-40 Practice
Exam Questions 1
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) Correct Answer:
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 Correct Answer: 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 Correct Answer: 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 Correct Answer: 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 Correct Answer: Disability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
, -Blanket
-Long Term Care Correct Answer: 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 Correct Answer: 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
-Pay the claim after deducting an extra one-year premium payment Correct Answer: Settle the
claim according to what the premiums would have purchased under the more hazardous
occupation
Which of the following definitions of disability would cover a permanent partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability Correct Answer: Residual disability
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT:
-Collect any premiums due
-fully explain all exclusions and/or riders
-keep the policy in the producer's office for safe-keeping on behalf of the client
-review all benefits provided by the policy Correct Answer: keep the policy in the producer's
office for safe-keeping on behalf of the client
The Social Security program provides all of the following benefits EXCEPT:
-Retirement
-survivor
-disability
-workers compensation Correct Answer: workers compensation
Which of the following definitions MOST accurately describes the Probationary Period?
-The period of time from the date of the loss until the benefits begin
-The period of time from the date of the loss until benefits are actually received by the
policyowner
-The waiting period a new hire must satisfy prior to becoming eligible for group health coverage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
