FLORIDA INSURANCE EXAM | COMPLETE QUESTIONS WITH
EXPERT SOLUTIONS 2026-2027 LATEST UPDATED | GET A+
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the: - (Answer)Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the
application. She is given a receipt by the agent stating that coverage begins immediately if the
application is approved. What kind of receipt was used? - (Answer)Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: -
(Answer)Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions? - (Answer)Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a
100% premium refund? - (Answer)30
Which of the following is NOT an unfair claim settlement practice? - (Answer)Needing written
documentation of claim details
,Who is NOT required to sign a life insurance application? - (Answer)Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: -
(Answer)any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): -
(Answer)Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - (Answer)beneficiary
Which of the following is considered an accurate statement of an unfair trade practice? -
(Answer)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
The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): -
(Answer)Living Benefit
, Which of the following policy features allows an insured to defer current health charges to the
following year's deductible instead of the current year's deducitble? - (Answer)Carryover
provision
Insurance policies are considered aleatory contracts because - (Answer)performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial Services of a change
in address? - (Answer)30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency? - (Answer)Florida Life and Health Insurance Guaranty Association
The clause in an Accident and Health policy which defines the benefit amounts the insurer will
pay is called the: - (Answer)Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this
may be considered a red flag for a(n): - (Answer)Anti-Money Laundering violation
EXPERT SOLUTIONS 2026-2027 LATEST UPDATED | GET A+
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the: - (Answer)Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the
application. She is given a receipt by the agent stating that coverage begins immediately if the
application is approved. What kind of receipt was used? - (Answer)Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: -
(Answer)Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions? - (Answer)Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a
100% premium refund? - (Answer)30
Which of the following is NOT an unfair claim settlement practice? - (Answer)Needing written
documentation of claim details
,Who is NOT required to sign a life insurance application? - (Answer)Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: -
(Answer)any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): -
(Answer)Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - (Answer)beneficiary
Which of the following is considered an accurate statement of an unfair trade practice? -
(Answer)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
The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): -
(Answer)Living Benefit
, Which of the following policy features allows an insured to defer current health charges to the
following year's deductible instead of the current year's deducitble? - (Answer)Carryover
provision
Insurance policies are considered aleatory contracts because - (Answer)performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial Services of a change
in address? - (Answer)30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency? - (Answer)Florida Life and Health Insurance Guaranty Association
The clause in an Accident and Health policy which defines the benefit amounts the insurer will
pay is called the: - (Answer)Insuring clause
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this
may be considered a red flag for a(n): - (Answer)Anti-Money Laundering violation
