Exam Questions and Answers Latest

1

Health Insurance Florida 2-40 Practice Exam Questions and Answers Latest Version Already Passed

What is the minimum age requirement to obtain a Florida 2-40 health insurance license?

• 16 years old

✔✔ B. 18 years old

• 21 years old
• 25 years old

Which of the following is a required pre-licensing course for the Florida 2-40 health insurance exam?

• 20 hours of Life Insurance
• 20 hours of General Insurance

✔✔ C. 40 hours of Health Insurance

• 60 hours of Property Insurance

How often must a Florida 2-40 license be renewed?

• Every year 1 / 4

2

• Every 3 years

✔✔ C. Every 2 years

• Every 5 years

What is the purpose of the Florida Health Insurance Portability and Accountability Act (HIPAA) provisions?

• To increase premiums
• To limit coverage for pre-existing conditions

✔✔ C. To protect privacy and allow portability of coverage

• To require group health plans only

Which of the following is true regarding Florida’s continuation of group health coverage?

• Continuation applies only to disability claims

✔✔ B. COBRA applies to employers with 20 or more employees

• It applies to all employers regardless of size
• Only retirees are eligible

What does an insurer need before canceling a Florida health insurance policy? 2 / 4

3

✔✔ A. Notice to the insured in writing

• Oral notification
• No notice required
• Approval from the agent

Which of the following is NOT required for an applicant to qualify for a Florida Medicaid program?

• Residency in Florida
• Proof of income

✔✔ C. Employment history

• Medical need

What is the maximum penalty for a Florida 2-40 health insurance license violation?

• Warning letter
• Suspension for 6 months

✔✔ C. Fine up to \$5,000 per violation

• Lifetime ban from insurance industry
• / 4

4

In Florida, how long must a health insurer keep records of policy transactions?

• 1 year
• 3 years

✔✔ C. 5 years

• 7 years

Which of the following policies is covered under the Florida 2-40 license?✔✔ A. Disability income insurance

• Auto insurance
• Homeowners insurance
• Workers’ compensation

What type of Florida health insurance policy pays a fixed amount daily when hospitalized?

• Major medical
• Disability income

✔✔ C. Hospital indemnity

• Long-term care
• / 4