Health Insurance Florida 2-40 Practice Exam Questions 1 Exam Questions and Answers (Solved Papers) 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 Answers ✅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 Answers ✅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 1 / 3
Health Insurance Florida 2-40 Practice Exam Questions 1 Exam Questions and Answers (Solved Papers) -At the time a claim is submitted - Correct Answers ✅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 Answers ✅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 Answers ✅Disability Buy-Out Which of the following health policies requires a beneficiary designation? 2 / 3
Health Insurance Florida 2-40 Practice Exam Questions 1 Exam Questions and Answers (Solved Papers) -Travel Accident -Medicare Supplement -Blanket -Long Term Care - Correct Answers ✅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 Answers ✅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 - Correct Answers ✅Settle the claim according to
- / 3