Florida Laws & Rules Pertinent to Insurance Vocab & Notes Chap 8B Flashcards
Eligibility for coverage under Florida health kids corporation requires a family to be within ______ of the federal poverty level.
200%
What was established to make group health insurance available to employees with up to 50 employees?
The Florida employee health care access act
Florida resident insurance agents must complete ___ hours of law and ethics continuing education every two years.
4 hours
A __ day notice to policyholder is required for any health insurer that wishes to cancel a health insurance policy.
45 days
Why are association plans that are designed to provide health insurance benefits to their members regulated by the state?
They are insured by an authorized insurer
How many days does an insurance company have to reject a reinstatement application before it is automatically reinstated?
45 days
Employers with less than ___ employees are affected by Florida’s health insurance coverage continuation act. (Mini COBRA). Okay let’s find out
20 employees
According to Florida law, when must an agent deliver the outline of coverage to a Medicare supplement applicant?
At the time of application
Which action could result in a hearing being ordered by the department of financial services?
A. representing a foreign ensure
B. Sharing commissions with __another licensed agent
C. Performing insurance __transactions without a license
D. Conducting insurance business __in the state while being a __resident of another
(C.) Performing insurance transactions without a license
An application for Medicare supplement coverage may NOT be denied by the insure if the application was submitted within ___ month(s) after the applicant reaches the age of 65.
A. 1 month
B. 3 months
C. 6 months
D. 9 months
6 months
A person insured under a health policy is required to give the insurance company a notice of claim within how many days after a covered loss?
A. 5 days
B. 10 days
C. 20 days
D. 30 days
(C.) 20 DAYS
An ancient may provide a prospective client with an advertisement gift as long as the value of the gift does not exceed ________.
A. $25
B. $50
C. $75
D. $100
(C.) $100
How can an agent-in-charge have more than one location?
(A.) Only if the locations are in Florida.
(B.) By keeping all locations within a close proximity
(C.) An agent-in-charge can only have one location
(D.) An agent-in-charge is present when insurance activity occurs.
(D.) An agent-in-charge is present when insurance activity occurs.
What do dread disease policies cover?
A specific disease or illness
In Florida, what is the entity that oversees complaints against a life insurance agent by a policyowner?
Office of financial regulation
