Florida Life and Health Insurance State Exam Review
1. According to Florida law, a Group Life insurance policy requires a minimumof how many
insureds?
Answer: No minimum
2. Which ofthe following situations does aCritacal Illnes plan cover?
Answer: leukemia
3. Pre-hospitalization authorization is considered an example of:
Answer: Managedcare
4. The Bureau of Unclaimed Property is overseen by the
Answer: Cheif Financial Officer
5. Which entity approves the insurance policy forms used in Florida?
Answer: Officeof Insurance Regulation (OIR)
6. One becomes eligible for Social Security disability benefits having beendisabled for:
Answer: 5 months
7. All of the following statements about Major Medical benefits are true EX-CEPT:
Answer: Benefits have no maximum limit
8. What should an insured do if the insurer does not send claims forms within the time period
set forth in a health policy's Claims Forms provision?
Answer: Submitthe claim in any form
9. Which ofthe following situation does NOT apply to the FloridaReplacementRule?
Answer: An existing policyholder purchases an additional policy from the same insurer
10. Q is hospitalized for 3 days and receives a bill for $10,100. Q has a MajorMedical policy
with a $100 deductible and 80/20 coinsurance. how much willQ be responsible for paying on
the claim?
Answer: $2,100
11. Which type of contract liquidates an estate through recurrent payments?-
Answer: Annuity
12. A retirement plan that sets aside part of the company's net income fordistributions to
qualified employees is called a :
Answer: profit-sharing plan