Insurance Exam Simulator

Welcome to your Insurance Exam Simulator

1) The transfer of ownership of a policy is accomplished through _________.
2) In Medicare, a benefit period starts when a patient enters the hospital and ends when the patient has been out of the hospital for _____ days.
3) Group insurance plans that require employees to pay a portion of the premium are called
4) What percentage of employees must participate in a contributory plan?
5) To be legally enforceable, an insurance contract must contain
6) An insurer that is incorporated under the laws of New York is what kind of an insurer in Florida?
7) The _______________ is solely funded by the employer, and cannot be funded through employee salary deductions.
8) There are 3 types of agent authority: Express, implied, and _________.
9) Insurance relies on the principle of
10) A warranty is a statement made by the applicant that is guaranteed to be true
11) A traditional IRA can be open by anyone under the age of ________.
12) The social security program is formally called _____
13) Under a ______________________, the insurance can never be cancelled and its premiums rates will never increase.
14) What protects the beneficiary against the claims of their creditors?
15) The Free Look Provision begins when the application is mailed with the initial premium.
16) Life insurance is a ______________.
17) Noncontributory plans require 100 percent participation by eligible members.
18) A ____________ is a stated initial dollar amount that the individual insured is required to pay before insurance benefits are paid.
19) The conversion provision allows you to convert a group coverage to an individual plan without evidence of insurability within _____ days after termination.
20) To enroll in a Part C or Medicare advantage plan, you must first enroll in both Medicare Part A and Part B.
21) Some disabilities automatically classify you as totally disabled and qualify for full benefits under the _____________________.
22) The ________________allows you to convert the group coverage to an individual plan without evidence of insurability within 31 days after termination.
23) ___________is the evaluation of individual factors to assess your eligibility for insurance.
24) Who designate the beneficiary of a life insurance policy?
25) A ________________  exempts the policy owner from paying the insurance premium while totally disabled.
26) The ________________period is a time immediately following a disability during which benefits are not payable.
27) Under COBRA, if the employee is deceased, divorced or legally separated, the employee's dependents can extend the health coverage up to _____ months.
28) There are two types of medical expense insurance, ___________, and ___________.
29) Medicare Part A will provide coverage for mental health services in a psychiatric facility for up to _____ days in a lifetime.
30) In a ___________________, the insurance company can increase premiums or cancel the insurance at any time by simply giving written notice to the insured.
31) In a group insurance, the employees receive a _________________.
32) Licensees have ______days to notify the Department of Financial Services of a address change.
33) The Florida healthy kids’ corporation provides affordable health care coverage to uninsured and impoverished children ages 5 through 18.
34) A re-insurer is a company that
35) To enroll in a ____________the law requires that you must have a qualified high deductible health insurance plan.
36) The affordable care act established a health insurance marketplace. The health plans available in the marketplace are classified into five categories. The first four categories are called the ________
37) The ________________makes insurance state regulated.
38) Under a surgical schedule approach, the policy will list the types of operations covered, and their assigned dollar amount limit.
39) In Accidental death and dismemberment insurance, the policy provides two types of benefits, __________ and ___________.
40) COBRA stands for _______________________.
41) What type of policy pay dividends?
42) The initial enrollment for medicare begins three months before you turn 65, and ends six months later.
43) All of the following are mandatory insurance policy provisions Except:
44) The maximum fixed policy loan interest that an insurance company can charge in Florida is _______
45) Under the Consolidated Omnibus Budget Reconciliation Act of 1985 (or COBRA), employers with _____ or more employees, must extend health insurance coverage up to ____months to terminated employees and their families.
46) Which of the following should an agent not do during a policy replacement?
47) ____________help pay your share of co-payments and deductible under Medicare covered services.
48) Life insurance contracts are indemnity contracts.
49) Group insurance benefits schedules are determined based on earnings, employment position or
50) An insurance ________ represent the client while an insurance __________represents the company.
51) Which of the following risks is insurable?
52) The federal law referred as  HIPAA, the acronym stands for the _______________________.
53) The notice of claim provision required the insured to file a claim within ______of the loss covered by the policy.
54) Under COBRA, the employer is permitted to collect premiums up to _____ of the group rate.
55) All of the following are elements of insurable risk except
56) The ________ period is the phase an investor adds money to an annuity.
57) Medicare part C is also known as ___________________
58) Medicare Part A will cover blood transfusions but it won’t pay for the first three pints of blood a patient receive.
59) The ____________________ give the applicant the right to know the source of any information used to determine eligibility.
60) Medicare part A pays up to ____days in a hospital per benefit period.
61) Which of the following is not a function of the NAIC?
62) A PPO plan tend to have lower monthly premiums than HMO plan.
63) Accidental bodily injury provision require that the cause of the injury must have been unexpected and accidental.
64) A ______ plan is for employees of non-profit organizations.
65) What type of policy where the face amount declines year to year and is used to cover a debt?
66) Lloyd's of London is not an insurer
67) __________________provides a temporary rest for a family member caring for an elderly or disabled person in order to lessen the burden and avoid caregiver burnout.
68) __________________provide personal care services for activities such as bathing, dressing, toileting, and eating.
69) Which of the following is known for stressing preventative health care?
70) To qualify for the Florida healthy kids’ corporation, you must first be a resident of the state, and have a family income below ______ of the federal poverty level.
71) A newly licensed life agent must complete _________ hours of continuing education every two years.
72) An insurer must make payment within _____ after receiving notification and proof of loss.
73) All of the following are primary health insurance premium factors except:
74) When does service begin?
75) This is a qualified retirement plan designed for self-employed business owners?
76) The Physical Exam and Autopsy provisions gives the insurer the right to  examine the insured and performed an autopsy only once.
77) When a mistake is made on an application, the client must correct it and initial it.
78) Health insurance is a ____________________.
79) The ______________ provision specified the amount of time during which the policy must be in force before the insured is covered for illnesses.
80) There are two levels of disability, ___________ & _______________disability
81) Buying insurance is one of the most effective ways of transferring risk.
82) _________ is an illegal practice of moving a client from one policy to another within the same company for the purpose of generating commission.
83) If an insured dies during the grace period and the premium has not been paid, the policy benefit is payable.
84) If a beneficiary is designated as ______________, the policy owner cannot remove that beneficiary without a written consent of the beneficiary.
85) Medicare Part B is mandatory and you are required to pay a monthly premium.
86) The ______________requires you to submit the paperwork explaining the extent of the loss to the insurer within 90 days after the date of loss.
87) What annuities settlement options pay the beneficiary the proceeds in periodic installment at specified dollar amount?
88) Which of the following legal terms indicates that a life insurance contract contains the enforceable promises of only one party?
89) In Accidental death and dismemberment insurance, the accidental death benefit is only payable if the death is caused by the accident and occurs within __________ after the accident, if not the benefit will not be paid.
90) The _______________________has the duties and responsibilities for regulation, compliance and enforcement of state laws and rules related to licensing, monitoring the financial condition of insurers, market conduct examination of both insurers and agents and approving insurance companies’ policy forms, and rates.
91) According to the incontestable clause, an insurance company has the right to contest the validity of a life insurance contract for ____ years
92) Most states require policies to use the accidental bodily injury definition.
93) A guarantee receipt is given when the applicant pays the initial premium at the time of the application.
94) A ______________, allows you to purchase greater disability coverage amount without evidence of insurability.
95) In Group health insurance, the purpose of the coordination of benefits provision is to determine which plan is the primary plan when an individual has health care coverage under more than one Plan.
96) The general enrollment period for Medicare runs from __________   to_________ of each year.
97) The State guarantee association protects consumers from what type of insurers?
98) In a _______ plan, you don’t need to choose a primary care physician, and you don't need referrals to see a specialist.
99) The legal action provision give you the right to file a lawsuit against an insurer, if  no decision is made on your case after _________.
100) Which statement about the misstatement of Age provision in an insurance policy is true?

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