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Florida 215 Practice Test Questions with Correct Answers
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Florida 215 Practice Test Questions with Correct Answers
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Florida 215 Practice Test Questions with CorrectAnswers
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:
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