Florida Life & Health Insurance Test Bank – Verified Questions and Answers (2026/2027)

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Florida Life & Health Insurance Test
Bank – Complete Practice Questions
with Verified Answers & Explanations –
Updated 2025/2026 FL Insurance
Licensing Exam Prep

Description:
Pass the Florida Life & Health Insurance licensing exam
with this comprehensive test bank, featuring 100%
verified practice questions and detailed explanations.
Covers Florida insurance laws, life insurance policies,
health insurance plans, annuities, underwriting, claims,
and ethics. Fully updated for the 2025/2026 licensing
cycle, ideal for candidates preparing for the Florida
Department of Financial Services exam.




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Florida Health and Life Insurance 2-15
Final Exam


A characteristic of Preferred Provider Organizations (PPOs) would be:

ANSWER

Discounted fees for the patient (PPO - a group of doctors and hospitals in a designated
area contract with an insurer to provide services at a prearranged cost to the insured)




A disability elimination period is best described as a:

ANSWER

time deductible




A Health Reimbursement Arrangement MUST be established:

ANSWER - by the employer




A life policy loan in Florida cannot charge a fixed rate of interest higher than

ANSWER - 10%




A life policy with a death benefit that can fluctuate according to the performance of its
underlying investment portfolio is referred to as:

ANSWER - Variable Life




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A Multiple Employer Welfare Arrangement (MEWA) provides what type of benefits?
ANSWER - Insurance




A person insured under a health policy is required to give the insurance company a
Notice of Claim within how many days after a covered loss?

ANSWER - 20




A physician opens up a new practice and qualifies for a $7,000/month Disability Income
policy. What rider would the physician add if he wants the ability to increase his policy
benefit as his practice and income grow?

ANSWER - Guaranteed Insurability Option rider




A policy loan is made possible by which of these life insurance policy features? -
ANSWER - Cash value provision




A policy that becomes a Modified Endowment Contract (MEC): -

ANSWER - will lose many of its tax advantages




A policyowner's rights are limited under which beneficiary designation? -

ANSWER - Irrecovable




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A student pilot can pay regular premium costs for her life insurance policy with the
addition of which of the following? -

ANSWER - Aviation exclusion




A variable insurance policy: -

ANSWER - does not guarantee a return on investment accounts




A young, married teacher has two children and owns a Whole Life policy. If the teacher
wants an Increasing Death Benefit to protect against inflation, the teacher should select
which of the following Dividend Options? –

ANSWER - Paid-Up Additional Insurance




ABC Insurance Company has accepted a life insurance application which contains
unanswered questions. The company then makes the application part of the life
contract. In this situation, the insurer has -

ANSWER - waived one of its legal rights




Accidental Death coverage is provided to commercial airline passengers in which of the
following types of policies? -

ANSWER - Blanket Accident policy




According to Florida law, a Group Life insurance policy requires a minimum of how
many insureds? -




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