100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Health Insurance Florida 2-40 Practice Exam 1 – Questions And Answers $11.99   Add to cart

Exam (elaborations)

Health Insurance Florida 2-40 Practice Exam 1 – Questions And Answers

 5 views  0 purchase
  • Course
  • Institution

Health Insurance Florida 2-40 Practice Exam 1 – Questions And Answers

Preview 2 out of 13  pages

  • January 10, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Health Insurance Florida 2-40 Practice Exam 1 –
Questions And Answers

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)
✔️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 ✔️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 ✔️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 ✔️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 ✔️Ans - Disability Buy-Out

Which of the following health policies requires a beneficiary designation?
-Travel Accident
-Medicare Supplement
-Blanket
-Long Term Care ✔️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 ✔️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
-Settle the claim according to what the premiums would have purchased
under the more hazardous occupation
-Pay the claim in full and then cancel the policy
-Pay the claim after deducting an extra one-year premium payment
✔️Ans - Settle the claim according to what the premiums would have
purchased under the more hazardous occupation

Which of the following definitions of disability would cover a permanent
partial disability?
-Own occupation
-Any occupation
-Residual disability
-Presumptive disability ✔️Ans - Residual disability

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 LeCrae. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart