Florida Insurance Exam
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1. The clause identifying which losses resulting from Insuring clause
an accident or sickness are insured by the policy is
called the:
2. K applies for a life insurance policy on herself and Conditional
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?
3. A life insurance arrangement which circumvents in- Investor-Originated Life In-
surable interest statutes is called: surance
4. Which of the following health policy provisions Entire Contract
states that the producer does NOT have the author-
ity to change the policy or waive any of its provi-
sions?
5. Within how many days after policy delivery can a 30
Medicare Supplement policy be returned for a 100%
premium refund?
6. Which of the following is NOT an unfair claim settle- Needing written documenta-
ment practice? tion of claim details
7. Who is NOT required to sign a life insurance appli- Beneficiary
cation?
8. To be eligible for Social Security disability benefits, any occupation
an employee must be unable to perform:
9. The type of annuity that can be purchased with one Immediate annuity
monetary deposit is called a(n):
, Florida Insurance Exam
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10. A life insurance application must be signed by all of beneficiary
these, EXCEPT:
11. Which of the following is considered an accurate Twisting involves an agent us-
statement of an unfair trade practice? ing misrepresentation to con-
vince a policyowner to can-
cel their current policy so that
they can purchase a new life
insurance policy with another
company
12. The Accelerated Death Benefit provision in a life Living Benefit
insurance policy is also known as a(n):
13. Which of the following policy features allows an in- Carryover provision
sured to defer current health charges to the follow-
ing year's deductible instead of the current year's
deducitble?
14. Insurance policies are considered aleatory con- performance is conditioned
tracts because upon a future occurrence
15. Within how many days must a licensee notify the 30
Department of Financial Services of a change in ad-
dress?
16. Which organization was established to provide Florida Life and Health Insur-
funds to protect an insured in the event of an insur- ance Guaranty Association
er's insolvency?
17. The clause in an Accident and Health policy which Insuring clause
defines the benefit amounts the insurer will pay is
called the:
, Florida Insurance Exam
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18. When a policyowner cash surrenders a Universal Anti-Money Laundering vio-
Life insurance policy in it's early years, this may be lation
considered a red flag for a(n):
19. According to the Time Payment of Claims provision, Monthly
the insurer must pay Disability Income benefits no
less frequently than which of the following options?
20. What would the Medical Information Bureau (MIB) Testing positive for marijuana
identify? use from a previous screen-
ing
21. How would a contingent beneficiary receive the pol- If the primary beneficiary dies
icy proceeds in an Accidental Death and Dismem- before the insured
berment (AD&D) policy?
22. Under a Renewable Term policy, the renewal premium is cal-
culated on the basis of the in-
sured's attained age
23. Which of the following statements is true about They are nonprofit organiza-
most Blue Cross/Blue Shield organizations? tions
24. If a policyowner does not pay the premium by the policyowner can make the
due date, the premium payment during the
grace period
25. According to Florida law, which of the following Marital status
information does NOT need to be obtained by an
agent recommending an annuity purchase?
26. Which of these characteristics is consistent with a Premiums are payable for as
Straight Life policy? long as there is insurance
coverage in force
Study online at https://quizlet.com/_4z9uqd
1. The clause identifying which losses resulting from Insuring clause
an accident or sickness are insured by the policy is
called the:
2. K applies for a life insurance policy on herself and Conditional
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?
3. A life insurance arrangement which circumvents in- Investor-Originated Life In-
surable interest statutes is called: surance
4. Which of the following health policy provisions Entire Contract
states that the producer does NOT have the author-
ity to change the policy or waive any of its provi-
sions?
5. Within how many days after policy delivery can a 30
Medicare Supplement policy be returned for a 100%
premium refund?
6. Which of the following is NOT an unfair claim settle- Needing written documenta-
ment practice? tion of claim details
7. Who is NOT required to sign a life insurance appli- Beneficiary
cation?
8. To be eligible for Social Security disability benefits, any occupation
an employee must be unable to perform:
9. The type of annuity that can be purchased with one Immediate annuity
monetary deposit is called a(n):
, Florida Insurance Exam
Study online at https://quizlet.com/_4z9uqd
10. A life insurance application must be signed by all of beneficiary
these, EXCEPT:
11. Which of the following is considered an accurate Twisting involves an agent us-
statement of an unfair trade practice? ing misrepresentation to con-
vince a policyowner to can-
cel their current policy so that
they can purchase a new life
insurance policy with another
company
12. The Accelerated Death Benefit provision in a life Living Benefit
insurance policy is also known as a(n):
13. Which of the following policy features allows an in- Carryover provision
sured to defer current health charges to the follow-
ing year's deductible instead of the current year's
deducitble?
14. Insurance policies are considered aleatory con- performance is conditioned
tracts because upon a future occurrence
15. Within how many days must a licensee notify the 30
Department of Financial Services of a change in ad-
dress?
16. Which organization was established to provide Florida Life and Health Insur-
funds to protect an insured in the event of an insur- ance Guaranty Association
er's insolvency?
17. The clause in an Accident and Health policy which Insuring clause
defines the benefit amounts the insurer will pay is
called the:
, Florida Insurance Exam
Study online at https://quizlet.com/_4z9uqd
18. When a policyowner cash surrenders a Universal Anti-Money Laundering vio-
Life insurance policy in it's early years, this may be lation
considered a red flag for a(n):
19. According to the Time Payment of Claims provision, Monthly
the insurer must pay Disability Income benefits no
less frequently than which of the following options?
20. What would the Medical Information Bureau (MIB) Testing positive for marijuana
identify? use from a previous screen-
ing
21. How would a contingent beneficiary receive the pol- If the primary beneficiary dies
icy proceeds in an Accidental Death and Dismem- before the insured
berment (AD&D) policy?
22. Under a Renewable Term policy, the renewal premium is cal-
culated on the basis of the in-
sured's attained age
23. Which of the following statements is true about They are nonprofit organiza-
most Blue Cross/Blue Shield organizations? tions
24. If a policyowner does not pay the premium by the policyowner can make the
due date, the premium payment during the
grace period
25. According to Florida law, which of the following Marital status
information does NOT need to be obtained by an
agent recommending an annuity purchase?
26. Which of these characteristics is consistent with a Premiums are payable for as
Straight Life policy? long as there is insurance
coverage in force
