Florida Insurance License Exam
Which action will the insurance company most likely NOT take if the applicant has Diabetes and applies
for a Disabiility Income policy? - Answer-Issue the policy with an altered Time of Payment of Claims
Which is NOT a legal entity for selling life insurance in Florida? - Answer-Risk Management Advisors do
not qualify
Percentage of an individual's Primary Insurance Amount (PIA) determines the benefits are paid in which
program? - Answer-Social Security Disability Income
The Insured and Insurance Company share the cost of covered losses under which health policy feature?
- Answer-Payment of Claims
T applied for a Disability Income policy and has a history of back injuries. The insurer issued the policy
with a statement that excludes coverage for back injuries. This statement is called a(n) - Answer-
Impairment Rider
During the application process, the agent's primary responsibility is - Answer-The Insurance Company
An accident policy will most likely pay a benefit for a(n) - Answer-Off the job accident
, Which renewability best describes a Disability Income policy that covers an individual until age 65, but
the insurer has the right to change the premium rate for the overall risk class? - Answer-Guaranteed
renewable specifies policy must be renewed (if premiums paid) until 65, with increasing premiums
A CEOs personal assistant suffered injuries at home and is unable to work for 4 months, which policy will
pay monthly benefits? - Answer-Disability Income
Which statement about HRA is correct? - Answer-If the employee paid for Qualified Medical Expenses,
reimbursements may be tax free
Which coverage is short term? - Answer-Interim
What rider is added to an Accident & Health policy if policyowner wants to ensure policy will continue if
he becomes totally disabled? - Answer-Waiver of Premium Rider
Group/voluntary long-term care policy premiums are typically deducted from the employee's income
and - Answer-Less costly compared to individual long term care coverage
T owns an Accident & Health policy and notifies her insurance company that she has chosen a less
hazardous occupation. Under the Change of Occupation provision, which of the following actions may
her insurance company take? - Answer-Increase the policy coverage amount
Which mode of payment is NOT used by health insurance policies? - Answer-Single premium
T has Disability Income policy that pays a monthly benefit of $5000. If T becomes partially disabled, what
can he likely expect? - Answer-Less than $5000 a month
S is employed by a large corporation that provides group health coverage for its employees and their
dependents. If S dies, the company must allow his surviving spouse and dependents to continue their
Which action will the insurance company most likely NOT take if the applicant has Diabetes and applies
for a Disabiility Income policy? - Answer-Issue the policy with an altered Time of Payment of Claims
Which is NOT a legal entity for selling life insurance in Florida? - Answer-Risk Management Advisors do
not qualify
Percentage of an individual's Primary Insurance Amount (PIA) determines the benefits are paid in which
program? - Answer-Social Security Disability Income
The Insured and Insurance Company share the cost of covered losses under which health policy feature?
- Answer-Payment of Claims
T applied for a Disability Income policy and has a history of back injuries. The insurer issued the policy
with a statement that excludes coverage for back injuries. This statement is called a(n) - Answer-
Impairment Rider
During the application process, the agent's primary responsibility is - Answer-The Insurance Company
An accident policy will most likely pay a benefit for a(n) - Answer-Off the job accident
, Which renewability best describes a Disability Income policy that covers an individual until age 65, but
the insurer has the right to change the premium rate for the overall risk class? - Answer-Guaranteed
renewable specifies policy must be renewed (if premiums paid) until 65, with increasing premiums
A CEOs personal assistant suffered injuries at home and is unable to work for 4 months, which policy will
pay monthly benefits? - Answer-Disability Income
Which statement about HRA is correct? - Answer-If the employee paid for Qualified Medical Expenses,
reimbursements may be tax free
Which coverage is short term? - Answer-Interim
What rider is added to an Accident & Health policy if policyowner wants to ensure policy will continue if
he becomes totally disabled? - Answer-Waiver of Premium Rider
Group/voluntary long-term care policy premiums are typically deducted from the employee's income
and - Answer-Less costly compared to individual long term care coverage
T owns an Accident & Health policy and notifies her insurance company that she has chosen a less
hazardous occupation. Under the Change of Occupation provision, which of the following actions may
her insurance company take? - Answer-Increase the policy coverage amount
Which mode of payment is NOT used by health insurance policies? - Answer-Single premium
T has Disability Income policy that pays a monthly benefit of $5000. If T becomes partially disabled, what
can he likely expect? - Answer-Less than $5000 a month
S is employed by a large corporation that provides group health coverage for its employees and their
dependents. If S dies, the company must allow his surviving spouse and dependents to continue their
