Florida 2-40 Health Insurance Exam

Florida 2-40 Health Insurance Exam | / Actual Exam – 85 Verified Questions and Correct Answers​ Florida Health Insurance Agent License (2-40) | Based on State Licensing Requirements | Real Exam-Based Content | 100% Accuracy | Verified & Graded A+

Introduction​ This comprehensive set contains 85 verified multiple-choice questions and correct answers aligned with the official Florida 2-40 Health Insurance Exam. It covers state regulations, policy provisions, group health, disability, managed care, and more—updated for the / exam cycle.Answer Format​ All correct answers are clearly marked in bold and green for efficient review and confident exam preparation.

Florida 2-40 Health Insurance License Exam | / Verified Q&A | 85 Questions | Graded A+ | Pass with Confidence Question 1​ What is the primary purpose of health insurance in Florida?​

• To cover property damage​

B) To provide financial protection against medical expenses​

• To fund retirement plans​
• To pay for automobile repairs​

Rationale: Health insurance protects against high medical costs.

Question 2​ Which entity regulates health insurance in Florida?​

• Federal Trade Commission​

B) Florida Office of Insurance Regulation (OIR)​

• Department of Health and Human Services​
• Securities and Exchange Commission​

Rationale: The OIR oversees insurance in Florida.

Question 3​ What is a key feature of a group health insurance policy?​

• Individual underwriting​ 1 / 2

• Coverage for a group under one master policy​
• Higher premiums for each member​
• Exclusion of dependents​

Rationale: Group policies cover multiple individuals under one plan.

Question 4​ What does the elimination period in a disability policy refer to?​

• The maximum benefit period​

B) The waiting period before benefits begin​

• The time to renew the policy​
• The premium payment schedule​

Rationale: It’s the waiting time before disability benefits start.

Question 5​ Which type of health plan involves a network of providers?​

• Indemnity plan​

B) Managed care plan​

• Fee-for-service plan​
• Supplemental plan​

Rationale: Managed care uses a provider network.

Question 6​ What is a common exclusion in health insurance policies?​

• Preventive care​

B) Pre-existing conditions (with limitations)​

• Routine checkups​
• Emergency services​

Rationale: Pre-existing conditions may be excluded initially.

Question 7​ What is the purpose of the Affordable Care Act (ACA) in Florida?​

• To eliminate health insurance​

B) To expand access to health coverage and regulate plans​

• To increase out-of-pocket costs​
• To reduce provider networks​

Rationale: The ACA aims to improve healthcare access.

Question 8​ Which term describes the amount a policyholder pays before insurance coverage begins?​

• Premium​

B) Deductible​

• Coinsurance​
• Copayment​

Rationale: The deductible is the initial out-of-pocket amount.

Question 9​ What is a characteristic of a Health Maintenance Organization (HMO)?​

• / 2