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  • FLORIDA HEALTH AND LIFE
  • FLORIDA HEALTH AND LIFE
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Exam (elaborations)

Florida Health and Life Insurance Exam 2026/2027 – Actual Test Questions with Correct Answers

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2025/2026 Written for academic year
Institution FLORIDA HEALTH AND LIFE
Course FLORIDA HEALTH AND LIFE
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Ace your Florida Health and Life Insurance Exam with this comprehensive question bank featuring actual exam-style questions and correct answers with detailed rationales . This essential resource is fully aligned with the latest Florida DFS 2-15 and 2-40 exam blueprints, covering the broad range of topics tested on the 150-question, 2.75-hour exam . Master all key content areas including General Insurance Principles (risk defined as uncertainty of loss, pure vs. speculative risk) , Insurance Contract Law (legal elements of a contract, adhesion, aleatory, unilateral characteristics, representation vs. warranty, insurable interest at time of application)

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Florida Health And Life Insurance Exam Questions
with Correct Answers Latest Update 2025
AccordingWtoWMandatoryWUniformWPolicyWProvisions,WwhatWisWtheWmaximumWamountWofWtimeWafterWthe
WpremiumWdueWdateWduringWwhichWtheWpolicyWremainsWinWforceWevenWthoughWtheWpremiumWhasWnotWb

eenWpaid?W-WCORRECTWANSWERW-31Wdays



GWpurchasedWaWFamilyWIncomeWpolicyWatWageW40.WTheWpolicyWhasWaW20-
yearWriderWperiod.WIfWGWwereWtoWdieWatWageW50,WhowWlongWwouldWG'sWfamilyWreceiveWanWincome?W-
WCORRECTWANSWERW-10Wyears




EWandWFWareWbusinessWpartners.WEachWtakesWoutWaW$500,000WlifeWinsuranceWpolicyWonWtheWother,Wnamin
gWhimselfWasWprimaryWbeneficiary.WEWandWFWeventuallyWterminateWtheirWbusiness,WandWfourWmonthsWlate
rWEWdies.WAlthoughWEWwasWmarriedWwithWthreeWchildrenWatWtheWtimeWofWdeath,WtheWprimaryWbeneficiary
WisWstillWF.WHowever,WanWinsurableWinterestWnoWlongerWexists.WWhereWwillWtheWproceedsWfromWE'sWlifeWins

uranceWpolicyWbeWdirectedWto?W-WCORRECTWANSWERW-F



TheWHealthWInsuranceWPortabilityWandWAccountabilityWActW(HIPAA)WgivesWprivacyWprotectionWfor:W-
WCORRECTWANSWERW-healthWinformation




WhatWdoWDreadWDiseaseWpoliciesWcover?W-WCORRECTWANSWERW-AWspecificWdiseaseWorWillness



WhenWanWinsuranceWapplicationWisWtakenWbyWaWproducer,WwhichWofWtheseWstatementsWisWtrue?W-
WCORRECTWANSWERW-AnyWchangesWmadeWonWtheWapplicationWrequireWtheWapplicant'sWinitials




AWstudentWpilotWcanWpayWregularWpremiumWcostsWforWherWlifeWinsuranceWpolicyWwithWtheWadditionWofWw
hichWofWtheWfollowing?W-WCORRECTWANSWERW-AviationWexclusion



WhatWisWtheWconsiderationWgivenWbyWanWinsurerWinWtheWConsiderationWclauseWofWaWlifeWpolicy?W-
WCORRECTWANSWERW-PromiseWtoWpayWaWdeathWbenefitWtoWaWnamedWbeneficiary




WhichWofWtheWfollowingWreimbursesWitsWinsuredsWforWcoveredWmedicalWexpenses?W-
WCORRECTWANSWERW-CommercialWinsurers

,UnderWFloridaWlaw,WwhichWofWtheWfollowingWprovisionsWisWNOTWrequiredWinWaWMedicareWSupplementWpo
licy?W-WCORRECTWANSWERW-LimitationWonWpre-existingWconditionsWforWupWtoW12Wmonths



WhichWorganizationWwasWestablishedWtoWprovideWfundsWtoWprotectWanWinsuredWinWtheWeventWofWanWinsu
rer'sWinsolvency?W-WCORRECTWANSWERW-FloridaWLifeWandWHealthWInsuranceWGuarantyWAssociation



MajorWMedicalWpoliciesWtypically:W-WCORRECTWANSWERW-containWaWdeductibleWandWcoinsurance



TheWLifeWandWHealthWInsuranceWGuarantyWAssociationWisW-WCORRECTWANSWERW-
fundedWbyWadmittedWinsuranceWcompaniesWthroughWassessments



PWandWQWareWmarriedWandWhaveWthreeWchildren.WPWisWtheWprimaryWbeneficiaryWonWQ'sWAccidentalWDeath
WandWDismembermentW(AD&D)WpolicyWandWQ'sWsisterWRWisWtheWcontingentWbeneficiary.WP,WQ,WandWRWare

WinvolvedWinWaWcarWaccidentWandWQWandWRWareWkilledWinstantly.WTheWAccidentalWDeathWbenefitsWwillWbeW

paidWto:W-WCORRECTWANSWERW-PWonly



WhichWofWtheWfollowingWisWconsideredWanWaccurateWstatementWofWanWunfairWtradeWpractice?W-
WCORRECTWANSWERW-

TwistingWinvolvesWanWagentWusingWmisrepresentationWtoWconvinceWaWpolicyownerWtoWcancelWtheirWcurre
ntWpolicyWsoWthatWtheyWcanWpurchaseWaWnewWlifeWinsuranceWpolicyWwithWanotherWcompany



WhichWofWtheWfollowingWisWanWexampleWofWanWUnfairWTradeWPractice?W-WCORRECTWANSWERW-Coercison



TheWLegalWActionsWprovisionWofWanWinsuranceWcontractWisWdesignedWtoWdoWallWofWtheWfollowing,WEXCEPT:
W-WCORRECTWANSWERW-protectWtheWproducer




WhichWofWtheseWactionsWshouldWaWproducerWtakeWwhenWsubmittingWanWinsuranceWapplicationWtoWanWins
urer?W-WCORRECTWANSWERW-InformWinsurerWofWrelevantWinformationWnotWincludedWonWtheWapplication



AWHealthWReimbursementWArrangementWMUSTWbeWestablished:W-WCORRECTWANSWERW-byWtheWemployer

, IfWanWindividualWhasWanWAccidentalWDeathWandWDismembermentWpolicyWandWdies,WandWautopsyWcanWbeW
performedWinWallWtheseWsituations,WEXCEPT:W-WCORRECTWANSWERW-
WhenWtheWstateWprohibitsWthisWbyWlaw



PWisWaWproducerWwhoWnoticesW5WquestionsWonWaWlifeWapplicationWwereWnotWanswered.WWhatWactionsWsh
ouldWPWtake?W-WCORRECTWANSWERW-
SetWupWaWmeetingWwithWtheWapplicantWtoWanswerWtheWremainingWquestions



AWdisabilityWeliminationWperiodWisWbestWdescribedWasWa:W-WCORRECTWANSWERW-timeWdeductible



WhichWtypeWofWinsuranceWcompanyWallowsWtheirWpolicyownersWtoWelectWaWgoverningWbody?W-
WCORRECTWANSWERW-Mutual




TwoWpartnersWownWequalWsharesWinWaWbusinessWworthWaWtotalWofW$1,000,000.WIfWtheyWbothWcommitWtoW
theWpurchaseWofWaWlifeWinsuranceWpolicyWthatWwillWfundWaWBuy-
SellWAgreement,WwhichWofWtheWfollowingWisWTRUE?W-WCORRECTWANSWERW-
EachWpartnerWownsWaW$500,000WpolicyWonWtheirWpartner'sWlife



NWisWaWstudentWpilotWwithWaWlargeWlifeWinsuranceWpolicy.WWhichWofWtheseWfeaturesWwouldWlimitWtheWinsu
rer'sWobligationWinWtheWeventWNWwasWkilledWwhileWflyingWasWaWstudentWpilot?W-WCORRECTWANSWERW-
Exclusion



AWpolicyowner'sWrightsWareWlimitedWunderWwhichWbeneficiaryWdesignation?W-WCORRECTWANSWERW-
Irrecovable



WhatWkindWofWAccidentalWDeathWandWDismembermentW(AD&D)WinsuranceWbeneficiaryWrequiresWhis/herW
consentWwhenWaWchangeWofWbeneficiaryWisWmade?W-WCORRECTWANSWERW-IrrevocableWbeneficiary



WhichWtypeWofWcontractWliquidatesWanWestateWthroughWrecurrentWpayments?W-WCORRECTWANSWERW-
Annuity



UnderWFloridaWlaw,WaWvariableWannuityWpolicyownerWmustWbeWnotifiedWofWtheWaccumulatedWvalueWofWth
eWcontractW-WCORRECTWANSWERW-onceWeachWyear

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