Florida Insurance Exam Review
Questions and Answers 100%
PASS
What is one condition to re-instate a lapsed life insurance policy?—ANSWER---The policy
has been expired no more than 3 years
What are three common classifications underwriters use for risk?—ANSWER---Standard,
substandard, and preferred
What is intended to be covered by health insurance?—ANSWER---Accidental injury, illness,
and medical costs
If the total of a taxpayer's medical expense exceeds 10% of their adjusted gross income,
what can be deducted?—ANSWER---Accident insurance premiums, health insurance
premiums, and long-term care premiums
What is the minimum grace period for group life insurance in Florida?—ANSWER---31 days
In what type of health insurance contract are the premiums guaranteed not to increase and
the insurance company may not cancel the policy?—ANSWER---Non-cancellable
A binding arrangement under which an insured their health plan be made directly to a
person or facility that they dictate (such as a doctor or hospital)—ANSWER---Assignment of
benefits
, What is the minimum number of employers that must be insured contributory employer-
sponsored group health insurance plans?—ANSWER---There is no minimum
What will an HMO stress?—ANSWER---Low or no co-pay for doctor visits, screenings for
potential health conditions, and wellness as a lifestyle
The Insurance Department may place on probation, suspend, revoke or refuse to issue or
renew an insurance producer license for:—ANSWER---Failing to pay child support
Florida's Long-term Care Partnership Program is a partnership between Medicaid and...—
ANSWER---Private long-term care insurers
What features may a short-term disability plan be designed with?—ANSWER---Benefits may
be paid as a flat indemnity amount, both accidents and sicknesses will be covered, and
benefit may be paid a percent of income
Who sells the Small Business Health Plan insurance?—ANSWER---Only Florida insurers
chosen by the Office of Insurance Regulation
A medicare supplement insurer cannot deny an application for Medicare supplement policy
if the applicant is both 65 and enrolled in:—ANSWER---Medicare Part B
What are the elements of insurable risks?—ANSWER---Loss must occur by chance or
accident, large number of homogeneous units, and the loss must be predictable
When recommending a replacement policy, a producer should remember that:—ANSWER---
He/she has liabilities because of errors or omissions
What defines proper business practices expected of agents?—ANSWER---The Florida Code
of Ethics
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
What is one condition to re-instate a lapsed life insurance policy?—ANSWER---The policy
has been expired no more than 3 years
What are three common classifications underwriters use for risk?—ANSWER---Standard,
substandard, and preferred
What is intended to be covered by health insurance?—ANSWER---Accidental injury, illness,
and medical costs
If the total of a taxpayer's medical expense exceeds 10% of their adjusted gross income,
what can be deducted?—ANSWER---Accident insurance premiums, health insurance
premiums, and long-term care premiums
What is the minimum grace period for group life insurance in Florida?—ANSWER---31 days
In what type of health insurance contract are the premiums guaranteed not to increase and
the insurance company may not cancel the policy?—ANSWER---Non-cancellable
A binding arrangement under which an insured their health plan be made directly to a
person or facility that they dictate (such as a doctor or hospital)—ANSWER---Assignment of
benefits
, What is the minimum number of employers that must be insured contributory employer-
sponsored group health insurance plans?—ANSWER---There is no minimum
What will an HMO stress?—ANSWER---Low or no co-pay for doctor visits, screenings for
potential health conditions, and wellness as a lifestyle
The Insurance Department may place on probation, suspend, revoke or refuse to issue or
renew an insurance producer license for:—ANSWER---Failing to pay child support
Florida's Long-term Care Partnership Program is a partnership between Medicaid and...—
ANSWER---Private long-term care insurers
What features may a short-term disability plan be designed with?—ANSWER---Benefits may
be paid as a flat indemnity amount, both accidents and sicknesses will be covered, and
benefit may be paid a percent of income
Who sells the Small Business Health Plan insurance?—ANSWER---Only Florida insurers
chosen by the Office of Insurance Regulation
A medicare supplement insurer cannot deny an application for Medicare supplement policy
if the applicant is both 65 and enrolled in:—ANSWER---Medicare Part B
What are the elements of insurable risks?—ANSWER---Loss must occur by chance or
accident, large number of homogeneous units, and the loss must be predictable
When recommending a replacement policy, a producer should remember that:—ANSWER---
He/she has liabilities because of errors or omissions
What defines proper business practices expected of agents?—ANSWER---The Florida Code
of Ethics
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
