1|Page
FLORIDA LAWS AND RULES
PERTINENT TO INSURANCE EXAM
PREP 2026 | 2 PREP EXAMS COMBINED |
QUESTIOND AND VERIFIED ANSWERS |
RATED A+ | NEW!!
According to Florida Law, in which of the following situations would a
dependent handicapped child NOT be covered under a Family Health
policy?
-The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network - ANSWER- The
premiums for the handicapped child are not paid
An example of an unfair claims practice would be - ANSWER- failing
to effectuate prompt, fair, and equitable settlements of a claim
Under Florida law, which of the following provisions is NOT required in
a Medicare Supplement policy?
-Suitability form
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-Guaranteed issue
-Free-look period of 30 days
-Limitation on pre-existing conditions for up to 12 months - ANSWER-
limitation on pre-existing conditions for up to 12 months
Which of the following areas of state regulation is NOT protected by the
savings clause in ERISA?
-Insurance
-Commerce
-Banking
-Securities - ANSWER- commerce
The act of an insurance company publishing misleading information
about its policy's provisions is called - ANSWER- False advertising
An insurance company can contest a life insurance contract due to
application fraud within - ANSWER- 2 years
The Bureau of Unclaimed Property is overseen by the - ANSWER- chief
financial officer
What is Florida's definition of Life insurance replacement? - ANSWER-
A transaction in which a new policy is bought and an old policy is
terminated
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S takes out a health insurance policy which contains a provision that
states that the agent does not have the authority to change the policy or
waive any of its provisions. Which health policy provision is this? -
ANSWER- entire contract
All of the following will result in the suspension of an agent's license
EXCEPT
-intentionally misrepresenting the provisions of a policy
-acting with fiduciary responsibility
-forging a name on an insurance application
-being convicted of a felony - ANSWER- acting w/ fiduciary
responsibility
Florida requires that coverage for newborns begins "from the moment of
birth" and continues for - ANSWER- 18 months
The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond
-1 month
-3 months
-6 months
-12 months - ANSWER- 6 months
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During the application process, the agent's primary responsibility is to -
ANSWER- the insurance company
All of the following are Nonforfeiture Options EXCEPT
-Cash Surrender Option
-Extended Term Option
-Reduced Paid-Up Option
-Automatic Premium Loan Option - ANSWER- Automatic Premium
Loan Option
What do Dread Disease policies cover? - ANSWER- a specific disease
or illness
in Florida, most life insurance policies have a contestability period of -
ANSWER- 2 years
J is an agent who recently told a claimant that his rights might be
impaired if he does not complete a release form within a specified time.
What could this agent be found guilty of? - ANSWER- coercion
Convincing a prospective insured to buy an insurance policy based on
exaggerations is called - ANSWER- misrepresentation
FLORIDA LAWS AND RULES
PERTINENT TO INSURANCE EXAM
PREP 2026 | 2 PREP EXAMS COMBINED |
QUESTIOND AND VERIFIED ANSWERS |
RATED A+ | NEW!!
According to Florida Law, in which of the following situations would a
dependent handicapped child NOT be covered under a Family Health
policy?
-The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network - ANSWER- The
premiums for the handicapped child are not paid
An example of an unfair claims practice would be - ANSWER- failing
to effectuate prompt, fair, and equitable settlements of a claim
Under Florida law, which of the following provisions is NOT required in
a Medicare Supplement policy?
-Suitability form
,2|Page
-Guaranteed issue
-Free-look period of 30 days
-Limitation on pre-existing conditions for up to 12 months - ANSWER-
limitation on pre-existing conditions for up to 12 months
Which of the following areas of state regulation is NOT protected by the
savings clause in ERISA?
-Insurance
-Commerce
-Banking
-Securities - ANSWER- commerce
The act of an insurance company publishing misleading information
about its policy's provisions is called - ANSWER- False advertising
An insurance company can contest a life insurance contract due to
application fraud within - ANSWER- 2 years
The Bureau of Unclaimed Property is overseen by the - ANSWER- chief
financial officer
What is Florida's definition of Life insurance replacement? - ANSWER-
A transaction in which a new policy is bought and an old policy is
terminated
,3|Page
S takes out a health insurance policy which contains a provision that
states that the agent does not have the authority to change the policy or
waive any of its provisions. Which health policy provision is this? -
ANSWER- entire contract
All of the following will result in the suspension of an agent's license
EXCEPT
-intentionally misrepresenting the provisions of a policy
-acting with fiduciary responsibility
-forging a name on an insurance application
-being convicted of a felony - ANSWER- acting w/ fiduciary
responsibility
Florida requires that coverage for newborns begins "from the moment of
birth" and continues for - ANSWER- 18 months
The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond
-1 month
-3 months
-6 months
-12 months - ANSWER- 6 months
, 4|Page
During the application process, the agent's primary responsibility is to -
ANSWER- the insurance company
All of the following are Nonforfeiture Options EXCEPT
-Cash Surrender Option
-Extended Term Option
-Reduced Paid-Up Option
-Automatic Premium Loan Option - ANSWER- Automatic Premium
Loan Option
What do Dread Disease policies cover? - ANSWER- a specific disease
or illness
in Florida, most life insurance policies have a contestability period of -
ANSWER- 2 years
J is an agent who recently told a claimant that his rights might be
impaired if he does not complete a release form within a specified time.
What could this agent be found guilty of? - ANSWER- coercion
Convincing a prospective insured to buy an insurance policy based on
exaggerations is called - ANSWER- misrepresentation
