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Chapter 197 Florida Review Health exam questions and answers with 100% correct answers
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Chapter 197 Florida Review Health exam questions and answers with 100% correct answers
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Chapter 19/7: Florida Review Healthexam questions and answers with 100%
correct answers
A long-term care policy must have an inflation protection provision that increases benefits
annually by at least: - answer A long-term care policy must have an inflation protection
provision that increases benefits annually at least 5%.
The correct answer is: 5%
In Florida, what is the minimum number of types of lower level care that must be provided in all
long-term care policies? - answer In Florida, all long-term care policies must provide coverage
for care in a nursing home and at least one type of lower level of care.
The correct answer is: 1
What is any method of marketing having the effect of or tending to induce the purchase of
insurance through force, fright, or threat? - answer High pressure tactics employ any method of
marketing having the effect of or tending to induce the purchase of insurance through force,
fright, threat, whether explicit or implied, or undue pressure to purchase or recommend the
purchase of insurance.
The correct answer is: High pressure tactics
Which of the following is a problem with nonqualified long-term care insurance contracts sold in
Florida? - answer A long-term care policy that is not a qualified long-term care policy must have
the following disclosure prominently displayed: "This long-term care insurance policy is not
intended to be a qualified long-term care insurance contract. You need to be aware that
benefits received under this policy may create unintended, adverse income tax consequences to
you. You may want to consult with a knowledgeable individual about such unintended income
tax consequences."
The correct answer is: Tax consequences
, An issuer may elect not to pay for the renewal or replacement of a Medicare supplement policy
if it restricts first year agent commissions to: - answer An issuer that restricts first year agent
commissions to 15% or less of the policy premium, may elect not to pay for the renewal or
replacement of a Medicare supplement policy.
The correct answer is: 15% or less of the policy premium
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated within: - answer
In Florida, if a long-term care policy lapses unintentionally, it may be reinstated within 5 months
after cancellation.
The correct answer is: 5 months
A Medicare supplement insurer cannot deny an application for a Medicare supplement policy
nor charge a higher premium if the applicant is under 65 and eligible for Medicare due to
disability or: - answer A Medicare supplement insurer cannot deny an application for a
Medicare supplement policy nor charge a higher premium if the applicant is under 65 and
eligible for Medicare due to disability or end-stage renal disease (ESRD).
The correct answer is: ESRD
Which of the following must be shown on the front page of any nonqualified long-term care
insurance contract sold in Florida? - answer A long-term care policy that is not a qualified long-
term care policy must have the following disclosure prominently displayed: "This long-term care
insurance policy is not intended to be a qualified long-term care insurance contract. You need to
be aware that benefits received under this policy may create unintended, adverse income tax
consequences to you. You may want to consult with a knowledgeable individual about such
unintended income tax consequences."
The correct answer is: "This long-term care insurance policy is not intended to be a qualified
long-term care insurance contract."
What is the rule on Medicare supplement policies duplicating benefits provided by Medicare? -
answer No Medicare supplement policy issued in Florida may duplicate benefits provided by
Medicare.
The correct answer is: Benefits must never be duplicated.
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