FLORIDA HEALTH INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ & PASSED Accident Correct Ans - An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance Correct Ans - A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury Correct Ans - Unplanned, unforeseen traumatic injury to the body Accidental Death and Dismemberment Correct Ans - An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight, or loses two limbs due to an accident Accidental Death Benefits Correct Ans - A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death Activities of Daily Living Correct Ans - Activities individuals must do every day such as moving about, getting dressed, eating, bathing, etc. Actual Charge Correct Ans - The amount a physician or supplier actually bills for a particular service or supply Adhesion Correct Ans - A contract offered on a "take -it-or-leave -it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured Admitted (Authorized) Insurer Correct Ans - An insurance company authorized and licensed to transact insurance in a particular state Adult Day Care Correct Ans - A program for impaired adults that attempts to meet their health, social, and functional needs in a setting away from their homes Adverse Selection Correct Ans - The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability Agent Correct Ans - An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the insurer Aleatory Correct Ans - A contract in which participating parties exchange unequal amounts. Insurance contracts are this in that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event of a loss Alien Insurer Correct Ans - An insurance company that is incorporated outside the USA Apparent Authority Correct Ans - The appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created
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