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 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.

How often must periodic health claim payments be made under an individual health policy?

Monthly
Quarterly
Annually
Bi-annually

The correct answer is: Monthly

Periodic health claim payments must be made regularly according to the terms of the individual health policy. This means that they can be made monthly, quarterly, annually, or bi-annually. However, the frequency of these payments is ultimately determined by the insurance company and may vary depending on the individual's policy. Monthly payments are the most common option as they ensure the policyholder has continuous coverage and helps to spread out the cost of the policy over the course of the year. While quarterly, annually, and bi-annually payments may be convenient for some, they may not provide the same level of consistent coverage. Therefore, A is the best answer as it covers the most common and recommended option.