FLORIDA MEDICARE INSURANCE SPECIALIST EXAM
PREP: VERIFIED QUESTIONS & RATIONALES TO
PASS LATEST EDITION 2026 WITH WELL QUESTIONS
AND ANSWERS QUALIFIED 100% PASS!!!!
,All of the following statements regarding policy replacement are
correct EXCEPT
A. replacement involves convincing a policyholder to lapse or
terminate an existing policy and to purchase another
,B. interrupting one cash value insurance plan to begin another could
cause serious financial problems for the policyowner
C. even if the customer wants to replace his or her existing policy, an
agent can effect a policy replacement only by following the
replacement regulations in the agent's state
D. premiums for the replacement policies are generally lower than
premiums for the existing policies they replace
E. The new policy will probably be at a higher premium rate because it
will be based on the insured's then-attained age.
With regard to insurable risks, which of the following statements is
NOT correct?
A. only pure risks are insurable
B. an insurable risk must involve loss that is within the insured's
control
C. insurers will not insure risks that are catastrophic in nature
D. an insurable risk must be measurable B. To be insurable, a risk
must involve the chance of loss that is fortuitous and outside the
insured's control.
, On August 9, Albert made an application for life insurance that his
agent submitted a day later without a premium payment. On August
21, the insurer issued the policy as applied for and on August 24, the
agent delivered the policy and collected the initial premium. On what
day was the contract offer made?
A. August 9
B. August 10
C. August 21
D. August 24 C. If an applicant does not submit an initial premium
with the application, the applicant is inviting the insurance company
to make a contract offer. The insurer can respond by issuing a policy
(the offer) that the applicant can accept by paying the premium when
the policy is delivered.
All statements made by an applicant in an application for life
insurance are considered to be
A. warranties
B. affirmations
C. representations
PREP: VERIFIED QUESTIONS & RATIONALES TO
PASS LATEST EDITION 2026 WITH WELL QUESTIONS
AND ANSWERS QUALIFIED 100% PASS!!!!
,All of the following statements regarding policy replacement are
correct EXCEPT
A. replacement involves convincing a policyholder to lapse or
terminate an existing policy and to purchase another
,B. interrupting one cash value insurance plan to begin another could
cause serious financial problems for the policyowner
C. even if the customer wants to replace his or her existing policy, an
agent can effect a policy replacement only by following the
replacement regulations in the agent's state
D. premiums for the replacement policies are generally lower than
premiums for the existing policies they replace
E. The new policy will probably be at a higher premium rate because it
will be based on the insured's then-attained age.
With regard to insurable risks, which of the following statements is
NOT correct?
A. only pure risks are insurable
B. an insurable risk must involve loss that is within the insured's
control
C. insurers will not insure risks that are catastrophic in nature
D. an insurable risk must be measurable B. To be insurable, a risk
must involve the chance of loss that is fortuitous and outside the
insured's control.
, On August 9, Albert made an application for life insurance that his
agent submitted a day later without a premium payment. On August
21, the insurer issued the policy as applied for and on August 24, the
agent delivered the policy and collected the initial premium. On what
day was the contract offer made?
A. August 9
B. August 10
C. August 21
D. August 24 C. If an applicant does not submit an initial premium
with the application, the applicant is inviting the insurance company
to make a contract offer. The insurer can respond by issuing a policy
(the offer) that the applicant can accept by paying the premium when
the policy is delivered.
All statements made by an applicant in an application for life
insurance are considered to be
A. warranties
B. affirmations
C. representations
