Florida 240 License Exam Questions With Verified Correct Answers

When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have: {Ans: insurable interest in the proposed insured}An agent selling Medicare Supplement policies must provide every applicant with a(n) {Ans: Suitability form}T owns an Accident & Health policy and notifies her insurance company that she has chosen a less hazardous occupation. Under the Change of Occupation provision, which of the following actions may her insurance company take? {Ans: Increase her policy's coverage amount}Which of the following statements BEST describes dental care indemnity coverage? {Ans: Services are reimbursed after insurer receives the invoice}Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: {Ans: 1970 - Fair Credit Reporting Act}The provision in a Group Health policy that allows the insurer to postpone coverage for a covered illness 30 days after the policy's effective date is referred to as the {Ans: waiting period}Which mode of payment is NOT used by health insurance policies? {Ans: Single Premiums}An insurer must provide an insured with claim forms within __ days after receiving notice of a loss. {Ans: 15}S wants to open a