.png){kind=logo}
Florida Health Insurance Exam 3
By ExamNavigator
- / 2
Florida Health Insurance Exam 3
1. Health insurance benefits NOT covered due to an act of war are:
Answer: excluded by the insurer in the contract provisions
- 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: Guaranteed Renewable
- Which of the following statements about a Guaranteed Renewable Health Insurance policy
is CORRECT?
Answer: Premiums normally increase at time of renewal
- Which mode of payment is NOT used by health insurance policies?
Answer: Single premium
- Who owns a stock company?
Answer: its stockholders
- According to Florida law, when must an agent deliver the Outline of Cover- age to a
Medicare Supplement applicant?
Answer: At the time of application
- Within how many days after policy delivery can a Medicare Supplement policy be returned
for a 100% premium refund?
Answer: 30
- P is a producer who notices 5 questions on a health application were not answered. What
actions should P take?
Answer: Set up a meeting with the applicant to answer the remaining questions
- Group/voluntary long-term care policy premiums are typically deducted from the
employee's income and
Answer: are less costly as compared to individual long term care coverage
- The Florida Employee Health Care Access Act was established to make
Answer: -group health insurance available to employers with up to 50 employees
- What does Medicare Parts A and B cover?
Answer: Part A covers hospitalization; Part B covers doctor's services
- Q is hospitalized for 3 days and receives a bill for $10,100. Q has a Major Medical policy
- / 2
with a $100 deductible and 80/20 coinsurance. How much will Q be responsible for paying on
.png)