Florida Life and Health Insurance License Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

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

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.

After discovering an undisclosed stroke in the MIB report, what is an insurance company likely to do next?

Award the applicant with a loyalty discount
Flag the application for potential fraud
Immediately offer the applicant coverage
Reassess the risk and potential coverage terms

The correct answer is: Reassess the risk and potential coverage terms

An insurance company is unlikely to award the applicant with a loyalty discount after discovering an undisclosed stroke in the MIB report. This would not make financial sense for the company as they would be taking on more risk by offering a discount to someone with a pre-existing condition. Similarly, immediately offering coverage is also unlikely as the company needs to reassess the risk and potential coverage terms before making a decision. Flagging the application for potential fraud may be an option, but it is not the most likely immediate response. Therefore, the best course of action for the insurance company would be to reassess the risk and potential coverage terms based on the information in the MIB report. This will allow them to make an informed decision and protect their financial interests.