FL LIFE AND HEALTH STATE EXAM 200 QUESTIONS
& CORRECT ANSWERS LATEST 2025
When is the face amount of a whole life policy paid? - ANSWER-When the insured
dies or at the policy's maturity date, whichever happens first
A group plan was recently terminated. In Florida, how many days are covered
individuals guaranteed coverage after a group plan's termination? - ANSWER-31
days
K is an insured under a life insurance policy owned by a third party. Which of
these statements is true? - ANSWER-K has no ownership rights
With Disability Income insurance, an insurance company may limit the monthly
benefit amount a prospective policy holder may obtain because of the insured's -
ANSWER-gross income at the time of purchase
What should an insured do if the insurer does not send claims forms within the
time period set forth in a health policy's Claims Forms provision? - ANSWER-
Submit the claim in any form
A life insurance policy owner may sell their policy to a(n) __________ in order to
receive a percentage of the policies face value. - ANSWER-viatical settlement
provider
,The clause in an Accident and Health policy which defines the benefit amounts
the insurer will pay is called the - ANSWER-Insuring clause
An insured owns an individual Disability Income policy with a 30-day Elimination
Period for sickness and accidents and a monthly indemnity benefit of $500. If the
insured is disabled for 3 1/2 months, what is the MAXIMUM amount he would
receive for an approved claim? - ANSWER-$1,250
3.5 months - 1 month elimination period = 2.5 months. 2.5 months X $500
monthly indemnity = $1,250.
Which of these types of policies may NOT have the Automatic Premium Loan
provision attached to it? - ANSWER-Decreasing term
In Florida, which employee is eligible for an employer's group term life plan? -
ANSWER-Employee who works more than 40 hours per week
A variable insurance policy: - ANSWER-does not guarantee a return on its
investment accounts
An immediate annuity consists of a: - ANSWER-Single Premium
What is the required minimum percentage of employee participation for a
noncontributory group health insurance plan according to Florida Law? -
ANSWER-0%
In health insurance policies, a waiver of premium provision keeps the coverage,
enforce without premium payments: - ANSWER-After an insured has become
totally disabled as defined in the policy
, When third-party ownership is involved, applicants who also happen to be the
stated primary beneficiary are required to have: - ANSWER-insurable interest in
the proposed insured
K has a life insurance policy where her husband is beneficiary and her daughter is
contingent beneficiary. Under the Common Disaster clause, if K and her husband
are both killed in an automobile accident, where would the death proceeds be
directed? - ANSWER-Daughter
If an agent combines premiums collected with their personal funds, they have
engaged in: - ANSWER-Commingling
What type of life insurance incorporates flexible premiums and an adjustable
death benefit? - ANSWER-Universal Life
An agent that sells __________ life insurance must be registered with the
financial industry regulatory authority (FINRA) - ANSWER-Variable
Which of the following statements is correct regarding an employer/employee
group health plan? - ANSWER-the employer receives a master policy and the
employees receive certificates
The Consideration clause of an insurance contract includes: - ANSWER-the
schedule and amount of premium payments
An individual Disability Income insurance applicant may be required to submit all
of the following information EXCEPT - ANSWER-spouse's occupation
& CORRECT ANSWERS LATEST 2025
When is the face amount of a whole life policy paid? - ANSWER-When the insured
dies or at the policy's maturity date, whichever happens first
A group plan was recently terminated. In Florida, how many days are covered
individuals guaranteed coverage after a group plan's termination? - ANSWER-31
days
K is an insured under a life insurance policy owned by a third party. Which of
these statements is true? - ANSWER-K has no ownership rights
With Disability Income insurance, an insurance company may limit the monthly
benefit amount a prospective policy holder may obtain because of the insured's -
ANSWER-gross income at the time of purchase
What should an insured do if the insurer does not send claims forms within the
time period set forth in a health policy's Claims Forms provision? - ANSWER-
Submit the claim in any form
A life insurance policy owner may sell their policy to a(n) __________ in order to
receive a percentage of the policies face value. - ANSWER-viatical settlement
provider
,The clause in an Accident and Health policy which defines the benefit amounts
the insurer will pay is called the - ANSWER-Insuring clause
An insured owns an individual Disability Income policy with a 30-day Elimination
Period for sickness and accidents and a monthly indemnity benefit of $500. If the
insured is disabled for 3 1/2 months, what is the MAXIMUM amount he would
receive for an approved claim? - ANSWER-$1,250
3.5 months - 1 month elimination period = 2.5 months. 2.5 months X $500
monthly indemnity = $1,250.
Which of these types of policies may NOT have the Automatic Premium Loan
provision attached to it? - ANSWER-Decreasing term
In Florida, which employee is eligible for an employer's group term life plan? -
ANSWER-Employee who works more than 40 hours per week
A variable insurance policy: - ANSWER-does not guarantee a return on its
investment accounts
An immediate annuity consists of a: - ANSWER-Single Premium
What is the required minimum percentage of employee participation for a
noncontributory group health insurance plan according to Florida Law? -
ANSWER-0%
In health insurance policies, a waiver of premium provision keeps the coverage,
enforce without premium payments: - ANSWER-After an insured has become
totally disabled as defined in the policy
, When third-party ownership is involved, applicants who also happen to be the
stated primary beneficiary are required to have: - ANSWER-insurable interest in
the proposed insured
K has a life insurance policy where her husband is beneficiary and her daughter is
contingent beneficiary. Under the Common Disaster clause, if K and her husband
are both killed in an automobile accident, where would the death proceeds be
directed? - ANSWER-Daughter
If an agent combines premiums collected with their personal funds, they have
engaged in: - ANSWER-Commingling
What type of life insurance incorporates flexible premiums and an adjustable
death benefit? - ANSWER-Universal Life
An agent that sells __________ life insurance must be registered with the
financial industry regulatory authority (FINRA) - ANSWER-Variable
Which of the following statements is correct regarding an employer/employee
group health plan? - ANSWER-the employer receives a master policy and the
employees receive certificates
The Consideration clause of an insurance contract includes: - ANSWER-the
schedule and amount of premium payments
An individual Disability Income insurance applicant may be required to submit all
of the following information EXCEPT - ANSWER-spouse's occupation
