Nondisabling Injury Provision - CORRECT ANSWER-A person who has a disability
income policy and suffers from a disability that is not serious enough to qualify them for
disability income benefits may receive the actual cost of medical treatment for accident
related injuries under the:
The fol...
Nondisabling Injury Provision - CORRECT ANSWER-A person who has a disability
income policy and suffers from a disability that is not serious enough to qualify them for
disability income benefits may receive the actual cost of medical treatment for accident-
related injuries under the:
The following statement(s) about HMOs is/are CORRECT? - CORRECT ANSWER-
HMOs stress preventive care, rarely assess deductibles, and provide coverage for
routine doctor visits and hospital care.
Pure Risk - CORRECT ANSWER-An insurable risk example
Earnings - CORRECT ANSWER-Most employers will establish benefit schedules in
regard to group life insurance
The Parol Evidence Rule - CORRECT ANSWER-Substantive common law rule in
contract cases that prevents a party to a written contract from presenting extrinsic
evidence that discloses an ambiguity and clarifies it or adds to the written terms of the
contract that appears to be whole.
Florida law requires that group health insurance policies make available to the
policyholder coverage for mental and nervous disorders - CORRECT ANSWER-True
A disability income policy is the only type of health insurance policy to which a
guaranteed insurability rider may be attached - CORRECT ANSWER-True
Part B - Supplementary Medical insurance - CORRECT ANSWER-Part of Medicare
requires premium payments by eligible participants
The main purpose of the Medical Information Bureau (MIB) - CORRECT ANSWER-
Provide detailed medical information concerning applicants to enable insurers to keep
costs down through the prevention of misrepresentation and fraud.
Indemnity - CORRECT ANSWER-A medical expense policy states that it will pay him a
flat $100 a day for each day he is hospitalized. The policy pays benefits on which basis?
Medicare supplement insurance is designed to - CORRECT ANSWER-Pay at least
some of the healthcare costs that Medicare will not pay
, Guaranteed Insurability - CORRECT ANSWER-This rider means that if a person
experiences total disability, they can be relieved from paying their premiums during the
time of disability
Under individual and group health insurance policies sold in Florida, coverage for a
newborn child of the insured begins how soon after birth? - CORRECT ANSWER-
Immediately
Peril - CORRECT ANSWER-The cause of risk
The percentage amount of FICA tax is distributed to OASDI (2012 - CORRECT
ANSWER-6.20
Types of life insurance policies would provide the greatest amount of protection for a
temporary period during which an insured will have limited financial resources? -
CORRECT ANSWER-
The Civil Rights Act of 1979 made it mandatory that group insurance provide maternity
benefits if an insured group consists of 15 or more participants. - CORRECT ANSWER-
False
NAIC's Uniform Policy Provision Law - CORRECT ANSWER-The
______________________ gives the Chief Financial Officer power to regulate financial
planners.
Under Workers' Compensation if a worker is killed in an industrial accident, the law
provides for payment of burial expenses, subject to a maximum amount, and
compensation for the surviving spouse or other dependents of the worker at time of
death. - CORRECT ANSWER-True
Benefit Period - CORRECT ANSWER-The maximum length of time that disability
income benefits will be paid to a disabled insured is known as the:
With a deferred variable annuity, continuous contributions must be made during the
accumulation period - CORRECT ANSWER-True
Group long-term disability benefits generally represent what percentage of the
participant's income? - CORRECT ANSWER-60%
In an AD&D policy, the amount payable for a double dismemberment injury is referred
to as: - CORRECT ANSWER-capital sum
Reduced Paid-up - CORRECT ANSWER-The life nonforfeiture option,
_______________, is when the policyowner relinquishes the value of the policy for cash
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