1 Florida Health and Life Insurance State
Quiz____?Which Accident and Health policy provision addresses preexisting conditions? - Answer✓✓ Time Limit on Certain Defenses
Quiz____?Which of the following individual health insurance policies will provide the broadest protection? - Answer✓✓ Major Medical
Quiz____?Which of the following situations does NOT apply to the Florida Replacement Rule? - Answer✓✓ An existing policyholder purchases an additional policy from the same insurer
Quiz____?Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take? - 1 / 4
2 Answer✓✓ Return to the customer, collect a new check made out to the insurance company, and send the new check out to the insurance company
Quiz____?Under which of the following circumstances will the benefits under COBRA continuation coverage end? - Answer✓✓ All group health plans are terminated by the employer
Quiz____?Which type of renewability best describes a Disability Income policy that covers an individual until the age of 65, but the insurer has the right to change the premium rate for the overall risk class? - Answer✓✓ Garunteed Renewable
Quiz____?An incomplete life insurance application submitted to an insurer will result in which of these actions? - Answer✓✓ Application will be returned to the writting agent
Quiz____?The waiting period for a pre-existing condition under a Medicare Supplement policy may NOT go beyond - 2 / 4
3 Answer✓✓
- Months
Quiz____?Which of these statements is INCORRECT regarding the federal income tax treatment of life insurance? - Answer✓✓ Entire cash surrender value is taxable
Quiz____?Which of these is considered a mandatory provision? - Answer✓✓ Payment of Claims
Quiz____?Which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for a Disability Income policy? - Answer✓✓ Issue the policy with an altered Time of Payment of Claims provision
Quiz____?Which of the following phrases refers to the fees charged by a healthcare professional? - Answer✓✓ Usual, customary, and reasonable expenses 3 / 4
4
Quiz____?D was actively serving in the Marines when he was killed in an automobile accident while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How much will D's beneficiary's receive? - Answer✓✓ The full face amount
Quiz____?N is covered under an individual Disability policy with a 30-day Elimination period and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's
total benefit received on this claim is: -
Answer✓✓
$1,250
No benefits are available during the elimination period.
Quiz____?Who does an agent represent during the solicitation or insurance? - Answer✓✓ The insurance company
Quiz____?Which of the following costs would a Basic Hospital/Surgical policy likely cover?- Answer✓✓
- / 4