HEALTH INSURANCE FLORIDA 2-40 PRACTICE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ & PASSED
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Course
FLORIDA 2-40 HEALTH LICENSE
Institution
FLORIDA 2-40 HEALTH LICENSE
Which of the following laws requires an insurer to notify an applicant in werling that an
Invesigative consumer report may be made on the applicant?
Unform Proviarss Law
-Freedom of laformation Att
-Medical Information Bureau Disclosure Act
l'ar Credit Reporting Act (Insurance Information and ...
HEALTH INSURANCE FLORIDA 2-40
PRACTICE EXAM | QUESTIONS &
ANSWERS (VERIFIED) | LATEST
UPDATE | GRADED A+ & PASSED
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 Ans- 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 Ans- 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 Ans- 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 Ans- 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 Ans- Disability Buy-Out
Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care
Correct Ans- 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 Ans- 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
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