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XCEL State Exam Simulator Florida Detailed Correct Questions
And Detailed Correct Answers A+ Grade ||Just Out!!!
In Florida, what is the maximum percentage of controlled
business an agent may produce?
30%
40%
50%
60% - ANSWER-50%
According to Florida law, when must an agent deliver the
Outline of Coverage to a Medicare Supplement applicant?
At the time of application
At the time of policy delivery
Within 14 days of the time of application
Within 14 days of policy delivery - ANSWER-At the time of
application
According to Florida law, group life insurance conversion
privileges must NOT
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allow the converted policy to exceed 75% of the original group
life amount
allow a time period to convert group life coverage to an
individual life policy
require a rate increase
require evidence of insurability - ANSWER-require evidence of
insurability
The minimum age at which a person can sign a life insurance
application is
15 years
16 years
17 years
18 years - ANSWER-15 years
An example of false advertising would be
Paid testimonials from celebrity endorsements
An insurer exaggerating its dividends in a magazine
advertisement
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An agent spending more than $25 on marketing gifts for a
client
An insurer advertising in an insurance trade journal - ANSWER-
An insurer exaggerating its dividends in a magazine
advertisement
Convincing a prospective insured to buy an insurance policy
based on exaggerations is called
rebating
intimidation
twisting
misrepresentation - ANSWER-misrepresentation
Agents that have been licensed for less than six years must
complete __ hours of continuing education every two years.
8
20
24
36 - ANSWER-24
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In Florida, most life insurance policies have a contestability
period of
1 year
2 years
3 years
4 years - ANSWER-2 years
Which entity approves the insurance policy forms used in
Florida?
National Association of Insurance Commissioners (NAIC)
Department of Financial Services (DFS)
Financial Services Commission (FSC)
Office of Insurance Regulation (OIR) - ANSWER-Office of
Insurance Regulation (OIR)
In Florida, an element of an insurance transaction would be
ordering an MIB report
setting up the sales appointment
XCEL State Exam Simulator Florida Detailed Correct Questions
And Detailed Correct Answers A+ Grade ||Just Out!!!
In Florida, what is the maximum percentage of controlled
business an agent may produce?
30%
40%
50%
60% - ANSWER-50%
According to Florida law, when must an agent deliver the
Outline of Coverage to a Medicare Supplement applicant?
At the time of application
At the time of policy delivery
Within 14 days of the time of application
Within 14 days of policy delivery - ANSWER-At the time of
application
According to Florida law, group life insurance conversion
privileges must NOT
,2|Page
allow the converted policy to exceed 75% of the original group
life amount
allow a time period to convert group life coverage to an
individual life policy
require a rate increase
require evidence of insurability - ANSWER-require evidence of
insurability
The minimum age at which a person can sign a life insurance
application is
15 years
16 years
17 years
18 years - ANSWER-15 years
An example of false advertising would be
Paid testimonials from celebrity endorsements
An insurer exaggerating its dividends in a magazine
advertisement
,3|Page
An agent spending more than $25 on marketing gifts for a
client
An insurer advertising in an insurance trade journal - ANSWER-
An insurer exaggerating its dividends in a magazine
advertisement
Convincing a prospective insured to buy an insurance policy
based on exaggerations is called
rebating
intimidation
twisting
misrepresentation - ANSWER-misrepresentation
Agents that have been licensed for less than six years must
complete __ hours of continuing education every two years.
8
20
24
36 - ANSWER-24
, 4|Page
In Florida, most life insurance policies have a contestability
period of
1 year
2 years
3 years
4 years - ANSWER-2 years
Which entity approves the insurance policy forms used in
Florida?
National Association of Insurance Commissioners (NAIC)
Department of Financial Services (DFS)
Financial Services Commission (FSC)
Office of Insurance Regulation (OIR) - ANSWER-Office of
Insurance Regulation (OIR)
In Florida, an element of an insurance transaction would be
ordering an MIB report
setting up the sales appointment
