XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM SIMULATOR LATEST 2026
UPDATED QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+
GRADED |GUARANTEED PASS
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
P is a forty year old woman and would like to purchase an annuity that will provide a lifetime
income stream beginning at age sixty. Which of the following did she NOT buy?
an immediate annuity
the situation in which a group of physicians are salaried employees and conduct business in
an hmo facility is called
closed panel
T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
an application for medicare supplement coverage may not be denied by the insurer if the
application was submitted within ______ month(s) after the applicant reaches the age 65
six
when a policyowner cash surrenders a universal life insurance policy in its early years, this
may be considered a red flag for a(n)
anti money laundering violation
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
1|Page
,D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer
likely proceed with?
extended term
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
which of the following statements is correct regarding an employer/employee group health
plan
the employer receives a master policy and the employees receive certificates
all of the following statements regarding a tax sheltered annuity (tsa) are true except
income derived from the tsa is received income tax free
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
an insureds inability to perform two or more activities of daily living may trigger which type of
life policy rider
long term care
B recently died and was insured with a life insurance policy for over five years. During the
claims process, the insurer discovered that B had understated his age by 5 years at the time of
application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
if the primary beneficiary dies before the insured
2|Page
, A student pilot can pay regular premium costs for her life insurance policy with the addition
of which of the following?
aviation exclusion
which of these statements is incorrect regarding a preferred provider organization (ppo)?
ppos are not a type of managed care systems
which of the following is considered an accurate statement of an unfair trade practice?
twisting involves an agent using misrepresentation to convince a policyowner to cancel their
current policy so that they can purchase a new life insurance policy with another company
what is floridas definition of life insurance replacement
a transaction in which a new policy is bought and an old policy is terminated
a sole proprietor may use this plan only if the employees of this business are included
keogh pension plan
a primary beneficiary has died before the insured in a life insurance policy. a contingent
beneficiary is also named in the policy. which of the following will occur when the insured
dies
proceeds will go to the contingent beneficiary
Upon delivery of a rated life insurance policy, the Producer must obtain each of the following
EXCEPT
signed hipaa disclosure
which of these is not relevant when the determining the amount of personal life insurance
needed
local unemployment rates
Before a life insurance policy is issued, which of these components of the contract is required?
applicants signature on application
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim?
3|Page
UPDATED QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+
GRADED |GUARANTEED PASS
what is required in the Florida Employee Health Care Access Act
small group benefit plans are to be issued on a guarantee issue basis
P is a forty year old woman and would like to purchase an annuity that will provide a lifetime
income stream beginning at age sixty. Which of the following did she NOT buy?
an immediate annuity
the situation in which a group of physicians are salaried employees and conduct business in
an hmo facility is called
closed panel
T sends proof of loss to her insurer for an acceptable medical expense claim under her
individual Health Insurance policy. Upon receipt, the insurer must pay the benefits
immediately
an application for medicare supplement coverage may not be denied by the insurer if the
application was submitted within ______ month(s) after the applicant reaches the age 65
six
when a policyowner cash surrenders a universal life insurance policy in its early years, this
may be considered a red flag for a(n)
anti money laundering violation
When is a Group Health policy required to provide coverage for a newborn child?
at the moment of birth
which of the following situations does not apply to the florida replacement rule
an existing policyholder purchases an additional policy from the same insurer
under a renewable term policy
the renewal premium is calculated on the basis of the insured's attained age
1|Page
,D owns a Whole Life policy that was purchased 10 years ago. If the premium payments
suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer
likely proceed with?
extended term
In Florida, which employee is eligible for an employer's group term life plan?
employee who works more than 40 hours per week
which of the following statements is correct regarding an employer/employee group health
plan
the employer receives a master policy and the employees receive certificates
all of the following statements regarding a tax sheltered annuity (tsa) are true except
income derived from the tsa is received income tax free
what is considered to be a characteristic of an immediate annuity
benefit payments start within one payment period of purchase
which of these characteristics is consistent with a straight life policy
premiums are payable for as long as there is insurance coverage in force
an insureds inability to perform two or more activities of daily living may trigger which type of
life policy rider
long term care
B recently died and was insured with a life insurance policy for over five years. During the
claims process, the insurer discovered that B had understated his age by 5 years at the time of
application. In this situation, the insurer will
pay the amount that the premium would have purchased at the correct age
what action can a policyowner take if an application for a bank loan requires collateral
assign policy ownership to the bank
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
if the primary beneficiary dies before the insured
2|Page
, A student pilot can pay regular premium costs for her life insurance policy with the addition
of which of the following?
aviation exclusion
which of these statements is incorrect regarding a preferred provider organization (ppo)?
ppos are not a type of managed care systems
which of the following is considered an accurate statement of an unfair trade practice?
twisting involves an agent using misrepresentation to convince a policyowner to cancel their
current policy so that they can purchase a new life insurance policy with another company
what is floridas definition of life insurance replacement
a transaction in which a new policy is bought and an old policy is terminated
a sole proprietor may use this plan only if the employees of this business are included
keogh pension plan
a primary beneficiary has died before the insured in a life insurance policy. a contingent
beneficiary is also named in the policy. which of the following will occur when the insured
dies
proceeds will go to the contingent beneficiary
Upon delivery of a rated life insurance policy, the Producer must obtain each of the following
EXCEPT
signed hipaa disclosure
which of these is not relevant when the determining the amount of personal life insurance
needed
local unemployment rates
Before a life insurance policy is issued, which of these components of the contract is required?
applicants signature on application
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim?
3|Page
