Florida Health Insurance Exam/ 110 Questions with Certified Solutions.
2 views 0 purchase
Course
Florida Health Insurance
Institution
Florida Health Insurance
Florida Health Insurance Exam/ 110 Questions with Certified Solutions. Terms like:
Apparent Authority - Answer: The appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created
Approved Amount - Answer: The...
Florida Health Insurance Exam/ 110 Questions
with Certified Solutions
Apparent Authority - Answer: The appearance or the assumption of authority
based on the actions, words, or deeds of the principal or because of
circumstances the principal created
Approved Amount - Answer: The amount Medicare determines to be reasonable
for a service that is covered under Part B of Medicare
Assignment - Answer: A claim to a provider or medical supplier to receive
payments directly from Medicare
Attained Age - Answer: The age of the insured at a determined date
Page 1 of 16
,Attending Physician's Statement (APS) - Answer: A statement usually obtained
from the applicant's doctor
Avoidance - Answer: A method of dealing with risk (e.g. if a person wanted to
avoid the risk of being killed in an airplane crash, he/she might choose never to fly
in a plane)
Basic Hospital Expense Insurance - Answer: Coverage that provides benefits for
room, board and miscellaneous hospital expenses for a certain number of days
during a hospital stay
Basic Medical Expense Insurance - Answer: Coverage for doctor visits, x-rays, lab
tests, and emergency room visits; benefits, however, are limited to specified dollar
amounts
Beneficiary - Answer: The person who receives the proceeds from the policy when
the insured dies
Benefit Period - Answer: The length of time over which the insurance benefits will
be paid for each illness, disability or hospital stay
Birthday Rule - Answer: The method of determining primary coverage for a
dependent child, under which the plan of the parent whose birthday occurs first in
the calendar year, is designated as primary
Page 2 of 16
, Blanket Medical Insurance - Answer: A policy that provides benefits for all medical
costs, including doctor visits, hospitalization, and drugs
Boycott - Answer: An unfair trade practice in which one person refuses to do
business with another until he/she agrees to certain conditions
Buyer's Guide - Answer: A booklet that describes insurance policies and concepts,
and provides general information to help an applicant make an informed decision
Cafeteria Plan - Answer: A selection of health care benefits from which an
employee may choose the ones that he/she needs
Capital Amount - Answer: A percentage of the principal amount of a policy paid to
the insured if he/she suffered the loss of an appendage
Carriers - Answer: Organizations that process claims and pay benefits in an
insurance policy
Cease and Desist Order - Answer: A demand of a person to stop committing an
action that is in violation of a provision
Certificate of Authority - Answer: A document that authorizes a company to start
conducting business and specifies the kind(s) of insurance a company can
transact. It is illegal for an insurance company to transact insurance without this
certificate
Page 3 of 16
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 Benzo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
