Health Insurance 101
Life and Health Insurance Exam 2
Answer 25 questions in 10 minutes.

Life and Health Insurance Exam 2 |

1. If an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association - that would be considered

2. In forming an insurance contract - when does acceptance usually occur?

3. Which of the following statements is correct?

4. What is the purpose of a disclosure statement in life insurance policies?

5. Which of the following is NOT a feature of a guaranteed renewable provision?

6. The Florida Health Insurance Coverage Continuation Act requires insurers that sell health plans to small employers to offer in those plans a right to elect to continue coverage - without providing evidence of insurability - to employees who lose their coverage and are unable to replace it. The premium rate for this coverage may NOT exceed

7. When a person applies for Medicare supplement insurance - whose responsibility is it to confirm that the applicant does not already have accident or sickness insurance in force?

8. All of the following long-term care coverages would allow an insured to receive care at home EXCEPT

9. Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event of a loss?

10. In order for an employee to be considered eligible for small group insurance - he/she must work at least how many hours per week?

11. Which of the following is NOT the consideration in a policy?

12. If an insured receives accelerated death benefits - what is the least amount of the original death benefit that the beneficiary would receive after the insured's death?

13. The purpose of managed care health insurance plans is to

14. Which of the following types of LTC is NOT provided in an institutional setting?

15. A corporation can be considered a "small group employer" if it has at least one and a maximum of how many employees?

16. At what point must an Outline of Coverage be delivered?

17. What is the benefit of choosing extended term as a nonforfeiture option?

18. Which of the following protects the insured from an unintentional policy lapse due to a nonpayment of premium?

19. Ray has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arrangement would be best for Ray?

20. Under the Physical Exam and Autopsy provision - how many times can an insurer have the insured examined - at its own expense - while a claim is pending?

21. An insured loses her left arm in an accident that is covered by her Accidental Death and Dismemberment policy. What kind of benefit will she most likely receive from this policy?

22. The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?

23. A customer with an existing life insurance contract is considering exchanging it for a newer contract. What Florida insurance regulation should the customer's insurance agent consult?

24. All of the following entities regulate variable life policies EXCEPT

25. Which of the following is true regarding health insurance underwriting for a person with HIV?


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