FLORIDA 2-15 LIFE, HEALTH, AND ANNUITIES AGENT
STATE LICENSING EXAMINATION: THE ELITE 150-
QUESTION PREP REPOSITORY | 2026 PDF
STUDYGUIDE
This 150-question master set is specifically engineered to align with the Florida Department of Financial
Services (DFS) and Pearson VUE exam content outlines. It prioritizes the high-weighted Florida Statutes
(Chapters 624, 626, and 627) and the unique regulatory powers of the Chief Financial Officer (CFO).
BATCH 1: FLORIDA STATUTES & ADMINISTRATIVE RULES
1. In Florida, the "Free-Look" period for a Life Insurance policy is:
A. 10 days
B. 14 days
C. 21 days
D. 30 days
Answer: B
Explanation: Florida Statute 627.455 mandates a 14-day free-look period for
life insurance, starting from policy delivery. Note that Annuities have a longer 21-day
period in Florida.
2. An agent who informs an applicant that a specific optional coverage is required by law
in order to purchase a policy is guilty of:
A. Twisting
B. Churning
C. Sliding
D. Coercion
, Answer: C
Explanation: Sliding is a Florida-specific prohibited act. It involves representing
that an extra coverage is required by law when it isn't, or charging for an ancillary
product without the applicant’s informed consent.
3. What is the maximum civil penalty for an agent who willfully violates a "Cease and
Desist" order issued by the Chief Financial Officer (CFO)?
A. $5,000
B. $10,000
C. $25,000
D. $50,000
Answer: D
Explanation: Under the Florida Insurance Code, a willful violation of a Cease
and Desist order regarding unfair trade practices can result in a fine of up to $50,000.
4. A Florida insurance agent's license will expire if the agent goes without an active
"Appointment" for a period of:
A. 12 months
B. 24 months
C. 36 months
D. 48 months
Answer: D
Explanation: Florida licenses are perpetual as long as the agent remains
appointed. However, if 48 months pass without a single active appointment, the license
is terminated.
5. The "Notice to Applicant Regarding Replacement" must be provided to the applicant:
A. Within 10 days of policy delivery
B. No later than the time the application is signed
C. Only if the applicant requests it
D. After the first premium is paid
Answer: B
Explanation: Florida Replacement Rule 69B-162 requires the agent to provide
and sign this notice with the applicant at the time of the application.
6. How many hours of "Continuing Education" (CE) must a Florida agent complete every
two years, including the 4-hour Law and Ethics update?
, A. 15 hours
B. 20 hours
C. 24 hours
D. 30 hours
Answer: C
Explanation: Agents licensed less than 6 years must complete 24 hours of CE
every two years. (Those licensed 6+ years usually drop to 20 hours, but the 4-hour
Ethics/Law update is always mandatory).
7. Which Florida official is responsible for overseeing the Department of Financial Services
(DFS)?
A. The Governor
B. The Chief Financial Officer (CFO)
C. The Insurance Commissioner
D. The Attorney General
Answer: B
Explanation: The CFO heads the DFS, which is responsible for agent licensing,
consumer protection, and investigating insurance fraud.
8. An agent who induces a policyowner to drop an existing policy and replace it with
another within the same insurance company for the purpose of earning a new
commission is guilty of:
A. Twisting
B. Churning
C. Sliding
D. Rebating
Answer: B
Explanation: Churning occurs within the same insurer. Twisting occurs when
the replacement involves a different insurer. Both are prohibited in Florida.
9. For a health insurance policy in Florida, the "Grace Period" for a weekly premium mode
is:
A. 7 days
B. 10 days
C. 31 days
D. 45 days
Answer: A
, Explanation: Health grace periods are 7 days (weekly), 10 days (monthly), and
31 days (all other modes).
10. The "Florida Life and Health Insurance Guaranty Association" (FLHIGA) provides
protection for an insolvent insurer's Cash Values up to:
A. $50,000
B. $100,000
C. $250,000
D. $300,000
Answer: B
Explanation: FLHIGA covers up to $300,000 in Death Benefits but only
$100,000 in Cash Surrender or Annuity values.
11. An agent must notify the Florida DFS of a change in name, residential address, or email
address within:
A. 10 days
B. 15 days
C. 30 days
D. 60 days
Answer: C
Explanation: Florida Statute 626.551 requires notification within 30 days.
Failure to do so can result in a $250 fine for the first offense.
12. In Florida, "Medicare Supplement" (Medigap) policies must have a free-look period of:
A. 14 days
B. 21 days
C. 30 days
D. 45 days
Answer: C
Explanation: To protect the elderly, Florida mandates a 30-day free-look for
both Medigap and Long-Term Care (LTC) insurance.
13. "Controlled Business" in Florida is defined as insurance written on:
A. Dangerous criminals
B. The agent's own family, life, or business associates
C. High-risk properties
D. Only low-income individuals
STATE LICENSING EXAMINATION: THE ELITE 150-
QUESTION PREP REPOSITORY | 2026 PDF
STUDYGUIDE
This 150-question master set is specifically engineered to align with the Florida Department of Financial
Services (DFS) and Pearson VUE exam content outlines. It prioritizes the high-weighted Florida Statutes
(Chapters 624, 626, and 627) and the unique regulatory powers of the Chief Financial Officer (CFO).
BATCH 1: FLORIDA STATUTES & ADMINISTRATIVE RULES
1. In Florida, the "Free-Look" period for a Life Insurance policy is:
A. 10 days
B. 14 days
C. 21 days
D. 30 days
Answer: B
Explanation: Florida Statute 627.455 mandates a 14-day free-look period for
life insurance, starting from policy delivery. Note that Annuities have a longer 21-day
period in Florida.
2. An agent who informs an applicant that a specific optional coverage is required by law
in order to purchase a policy is guilty of:
A. Twisting
B. Churning
C. Sliding
D. Coercion
, Answer: C
Explanation: Sliding is a Florida-specific prohibited act. It involves representing
that an extra coverage is required by law when it isn't, or charging for an ancillary
product without the applicant’s informed consent.
3. What is the maximum civil penalty for an agent who willfully violates a "Cease and
Desist" order issued by the Chief Financial Officer (CFO)?
A. $5,000
B. $10,000
C. $25,000
D. $50,000
Answer: D
Explanation: Under the Florida Insurance Code, a willful violation of a Cease
and Desist order regarding unfair trade practices can result in a fine of up to $50,000.
4. A Florida insurance agent's license will expire if the agent goes without an active
"Appointment" for a period of:
A. 12 months
B. 24 months
C. 36 months
D. 48 months
Answer: D
Explanation: Florida licenses are perpetual as long as the agent remains
appointed. However, if 48 months pass without a single active appointment, the license
is terminated.
5. The "Notice to Applicant Regarding Replacement" must be provided to the applicant:
A. Within 10 days of policy delivery
B. No later than the time the application is signed
C. Only if the applicant requests it
D. After the first premium is paid
Answer: B
Explanation: Florida Replacement Rule 69B-162 requires the agent to provide
and sign this notice with the applicant at the time of the application.
6. How many hours of "Continuing Education" (CE) must a Florida agent complete every
two years, including the 4-hour Law and Ethics update?
, A. 15 hours
B. 20 hours
C. 24 hours
D. 30 hours
Answer: C
Explanation: Agents licensed less than 6 years must complete 24 hours of CE
every two years. (Those licensed 6+ years usually drop to 20 hours, but the 4-hour
Ethics/Law update is always mandatory).
7. Which Florida official is responsible for overseeing the Department of Financial Services
(DFS)?
A. The Governor
B. The Chief Financial Officer (CFO)
C. The Insurance Commissioner
D. The Attorney General
Answer: B
Explanation: The CFO heads the DFS, which is responsible for agent licensing,
consumer protection, and investigating insurance fraud.
8. An agent who induces a policyowner to drop an existing policy and replace it with
another within the same insurance company for the purpose of earning a new
commission is guilty of:
A. Twisting
B. Churning
C. Sliding
D. Rebating
Answer: B
Explanation: Churning occurs within the same insurer. Twisting occurs when
the replacement involves a different insurer. Both are prohibited in Florida.
9. For a health insurance policy in Florida, the "Grace Period" for a weekly premium mode
is:
A. 7 days
B. 10 days
C. 31 days
D. 45 days
Answer: A
, Explanation: Health grace periods are 7 days (weekly), 10 days (monthly), and
31 days (all other modes).
10. The "Florida Life and Health Insurance Guaranty Association" (FLHIGA) provides
protection for an insolvent insurer's Cash Values up to:
A. $50,000
B. $100,000
C. $250,000
D. $300,000
Answer: B
Explanation: FLHIGA covers up to $300,000 in Death Benefits but only
$100,000 in Cash Surrender or Annuity values.
11. An agent must notify the Florida DFS of a change in name, residential address, or email
address within:
A. 10 days
B. 15 days
C. 30 days
D. 60 days
Answer: C
Explanation: Florida Statute 626.551 requires notification within 30 days.
Failure to do so can result in a $250 fine for the first offense.
12. In Florida, "Medicare Supplement" (Medigap) policies must have a free-look period of:
A. 14 days
B. 21 days
C. 30 days
D. 45 days
Answer: C
Explanation: To protect the elderly, Florida mandates a 30-day free-look for
both Medigap and Long-Term Care (LTC) insurance.
13. "Controlled Business" in Florida is defined as insurance written on:
A. Dangerous criminals
B. The agent's own family, life, or business associates
C. High-risk properties
D. Only low-income individuals
