Florida Laws and Rules Pertinent to
Insurance (8) Exam Questions and
Answers/ Already Graded A+.
Insurance companies that are organized in countries outside the United States are
referred to as? - ANS: Alien.
(An insurance company that is organized or chartered in a country other than the
United States is defined as alien.)
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value.? - ANS: Viatical settlement provider.
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, (To receive a percentage of the policy face value, an owner of a life policy may sell
the policy to a viatical settlement provider.)
Agents that have been licensed for less than six years must complete __ hours of
continuing education every two years.? - ANS: 24.
(Florida agents licensed less than six years are required to complete 24 hours of
continuing education.)
T is an employee covered under a Group Life policy. If T's employment is
terminated, the conversion privilege gives T the right to convert? - ANS: To an
individual policy upon employment termination.
(When an employee covered on a Group Life policy leaves the group, the
conversion privilege gives the employee the right to convert to an individual policy
upon termination of employment.
Which of the following activities will NOT result in the suspension of an agent's
license? - ANS: Working for a foreign insurer.
(Working for a foreign insurance company does not result in the revocation or
suspension of an agent's license.)
In Florida, which of the following practitioners normally do NOT receive payment
from health insurance policies? - ANS: Naturopaths.
(Health insurance policies in Florida must cover payment to all of these
practitioners EXCEPT naturopaths.)
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Insurance (8) Exam Questions and
Answers/ Already Graded A+.
Insurance companies that are organized in countries outside the United States are
referred to as? - ANS: Alien.
(An insurance company that is organized or chartered in a country other than the
United States is defined as alien.)
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value.? - ANS: Viatical settlement provider.
1|Page
, (To receive a percentage of the policy face value, an owner of a life policy may sell
the policy to a viatical settlement provider.)
Agents that have been licensed for less than six years must complete __ hours of
continuing education every two years.? - ANS: 24.
(Florida agents licensed less than six years are required to complete 24 hours of
continuing education.)
T is an employee covered under a Group Life policy. If T's employment is
terminated, the conversion privilege gives T the right to convert? - ANS: To an
individual policy upon employment termination.
(When an employee covered on a Group Life policy leaves the group, the
conversion privilege gives the employee the right to convert to an individual policy
upon termination of employment.
Which of the following activities will NOT result in the suspension of an agent's
license? - ANS: Working for a foreign insurer.
(Working for a foreign insurance company does not result in the revocation or
suspension of an agent's license.)
In Florida, which of the following practitioners normally do NOT receive payment
from health insurance policies? - ANS: Naturopaths.
(Health insurance policies in Florida must cover payment to all of these
practitioners EXCEPT naturopaths.)
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