FLORIDA 240 LICENSE EXAM QUESTIONS WITH VERIFIED CORRECT ANSWERS

FLORIDA 240 LICENSE EXAM QUESTIONS WITH VERIFIED CORRECT ANSWERS
Question: A medical expense policy that establishes the
amount of benefit paid based upon the prevailing charges
which fall within the standard range of fees normally
charged for a specific procedure by a doctor of similar
training and experience in that geographic area is known
as
Correct answer: Usual, customary and reasonable
Question: What provision would prevent an insurance
company from paying a reimbursement claim to someone
other than the policyowner?
Correct answer: Payment of Claims
Question: All of the following are true about group
disability Income insurance EXCEPT
a) The longer the waiting period, the lower the premium.
b) Coverage applies both on and off the job.

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