Florida Insurance Exam Questions with 100% Correct & Verified Answers
Florida Insurance Exam Questions with 100%
Correct & Verified Answers
The clause identifying which losses resulting from an accident or sickness are insured by the policy is
called the: - ✔-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? - ✔-Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: - ✔-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? - ✔-Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100%
premium refund? - ✔-30
Which of the following is NOT an unfair claim settlement practice? - ✔-Needing written documentation
of claim details
Who is NOT required to sign a life insurance application? - ✔-Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: - ✔-any
occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): - ✔-Immediate
annuity
A life insurance application must be signed by all of these, EXCEPT: - ✔-beneficiary
Florida Insurance Exam Questions with 100% Correct & Verified Answers
, Florida Insurance Exam Questions with 100% Correct & Verified Answers
Which of the following is considered an accurate statement of an unfair trade practice? - ✔-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): - ✔-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? - ✔-Carryover provision
Insurance policies are considered aleatory contracts because - ✔-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? - ✔-30
Which organization was established to provide funds to protect an insured in the event of an insurer's
insolvency? - ✔-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: - ✔-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): - ✔-Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no
less frequently than which of the following options? - ✔-Monthly
What would the Medical Information Bureau (MIB) identify? - ✔-Testing positive for marijuana use
from a previous screening
Florida Insurance Exam Questions with 100% Correct & Verified Answers
Florida Insurance Exam Questions with 100%
Correct & Verified Answers
The clause identifying which losses resulting from an accident or sickness are insured by the policy is
called the: - ✔-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? - ✔-Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: - ✔-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? - ✔-Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a 100%
premium refund? - ✔-30
Which of the following is NOT an unfair claim settlement practice? - ✔-Needing written documentation
of claim details
Who is NOT required to sign a life insurance application? - ✔-Beneficiary
To be eligible for Social Security disability benefits, an employee must be unable to perform: - ✔-any
occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): - ✔-Immediate
annuity
A life insurance application must be signed by all of these, EXCEPT: - ✔-beneficiary
Florida Insurance Exam Questions with 100% Correct & Verified Answers
, Florida Insurance Exam Questions with 100% Correct & Verified Answers
Which of the following is considered an accurate statement of an unfair trade practice? - ✔-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): - ✔-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? - ✔-Carryover provision
Insurance policies are considered aleatory contracts because - ✔-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? - ✔-30
Which organization was established to provide funds to protect an insured in the event of an insurer's
insolvency? - ✔-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: - ✔-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): - ✔-Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no
less frequently than which of the following options? - ✔-Monthly
What would the Medical Information Bureau (MIB) identify? - ✔-Testing positive for marijuana use
from a previous screening
Florida Insurance Exam Questions with 100% Correct & Verified Answers
