Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Why is nondisclosure of medical history, like a stroke, significant in the application process for Disability Income insurance?

It may qualify the applicant for lower premiums
It can lead to denial of coverage
It is irrelevant to the insurance decision
It ensures faster processing of the application

The correct answer is: It can lead to denial of coverage

Not disclosing a medical history, such as having a stroke, can significantly affect the outcome of an application for Disability Income insurance. This is because insurance companies need to assess the risk of providing coverage to an individual and not disclosing important medical information can lead to a denial of coverage. Insurance companies rely on complete and accurate medical histories to make informed decisions, so failing to disclose any relevant information can lead to incorrect premium rates or even rejection of the application. Therefore, it is important to be honest and upfront about any medical history in the application process for Disability Income insurance.