60 HOUR FLORIDA 2-15 HEALTH, LIFE AND ANNUITY
INSURANCE LICENSE 2026/2023 EXAM ACTUAL
QUESTIONS AND VERIFIED ANSWERS| INSTANT PDF
DOWNLOAD
A person who elects to retire at age 62 with Social Security retirement plans will
receive benefits equal to what percentage of their (PIA) - SELECTED ANSWER 👀
70% to 75%
Common type of exclusions in life insurance policies. - SELECTED ANSWER 👀 War
Aviation
Hazardous Hobbies or Occupation
Suicide
Commission of a Felony
What can an insurance company do if they discover incorrect or incomplete
information in an application before the policy incontestable clause takes place? -
SELECTED ANSWER 👀 The company can rescind or cancel the contract
An individual's life insurance policy application requires what 3 signatures? -
SELECTED ANSWER 👀 Proposed insured, policyowner, and agent who solicits the
application
What is the purpose of the suicide provision? - SELECTED ANSWER 👀 Protects
the insurance company and policy owner against potential abuse by individuals
who might buy a policy and commit suicide to benefit their beneficiaries
What may a applicant but allowed to do in order to review a policy before
finalizing it? - SELECTED ANSWER 👀
What type of statement is considered a literally true? - SELECTED ANSWER 👀
warranties
- SELECTED ANSWER 👀 Fair Credit Reporting Act
, What office is responsible for all activities of the Financial Service Commission
relating to the regulation of banks, credit unions other financial institution finance
companies and the securities industry? - SELECTED ANSWER 👀 Office of Financial
Regulation (OFR)
Statements that the applicant considers true to the best of his/her knowledge -
SELECTED ANSWER 👀 Representations
- SELECTED ANSWER 👀 Guarantees
What type of policy provides a daily, weekly, or monthly payment of a specified
amount based on the number of days the insured is hospitalized? - SELECTED
ANSWER 👀 Hospital Indemnity
What type of policy provides coverage for injury from accident but excludes
sickness and where benefits may be paid for all or any of the following death,
disability dismemberment & hospital and medical expense? - SELECTED ANSWER
👀 Accidental Death and Dismemberment (AD&D)
It is the health insurance company's responsibility to supply a claim form to an
insured with how many days after receiving notice of a claim? - SELECTED
ANSWER 👀 15 days
What provision describes the policyowner's obligation to the insurer to provide
notification of the loss within a reasonable period of time? - SELECTED ANSWER
👀 Notice of Claim
Amber has a 80%/20% major medical policy with a $2000 flat annual deductible.
This year she incurs $12,000 in medical expenses all of which are covered by her
policy. What were Amber's total cost share for that year? - SELECTED ANSWER 👀
How to calculate:
A government-funded, means-tested program designed to provide health care to
poor people for all ages - SELECTED ANSWER 👀 Medicaid
INSURANCE LICENSE 2026/2023 EXAM ACTUAL
QUESTIONS AND VERIFIED ANSWERS| INSTANT PDF
DOWNLOAD
A person who elects to retire at age 62 with Social Security retirement plans will
receive benefits equal to what percentage of their (PIA) - SELECTED ANSWER 👀
70% to 75%
Common type of exclusions in life insurance policies. - SELECTED ANSWER 👀 War
Aviation
Hazardous Hobbies or Occupation
Suicide
Commission of a Felony
What can an insurance company do if they discover incorrect or incomplete
information in an application before the policy incontestable clause takes place? -
SELECTED ANSWER 👀 The company can rescind or cancel the contract
An individual's life insurance policy application requires what 3 signatures? -
SELECTED ANSWER 👀 Proposed insured, policyowner, and agent who solicits the
application
What is the purpose of the suicide provision? - SELECTED ANSWER 👀 Protects
the insurance company and policy owner against potential abuse by individuals
who might buy a policy and commit suicide to benefit their beneficiaries
What may a applicant but allowed to do in order to review a policy before
finalizing it? - SELECTED ANSWER 👀
What type of statement is considered a literally true? - SELECTED ANSWER 👀
warranties
- SELECTED ANSWER 👀 Fair Credit Reporting Act
, What office is responsible for all activities of the Financial Service Commission
relating to the regulation of banks, credit unions other financial institution finance
companies and the securities industry? - SELECTED ANSWER 👀 Office of Financial
Regulation (OFR)
Statements that the applicant considers true to the best of his/her knowledge -
SELECTED ANSWER 👀 Representations
- SELECTED ANSWER 👀 Guarantees
What type of policy provides a daily, weekly, or monthly payment of a specified
amount based on the number of days the insured is hospitalized? - SELECTED
ANSWER 👀 Hospital Indemnity
What type of policy provides coverage for injury from accident but excludes
sickness and where benefits may be paid for all or any of the following death,
disability dismemberment & hospital and medical expense? - SELECTED ANSWER
👀 Accidental Death and Dismemberment (AD&D)
It is the health insurance company's responsibility to supply a claim form to an
insured with how many days after receiving notice of a claim? - SELECTED
ANSWER 👀 15 days
What provision describes the policyowner's obligation to the insurer to provide
notification of the loss within a reasonable period of time? - SELECTED ANSWER
👀 Notice of Claim
Amber has a 80%/20% major medical policy with a $2000 flat annual deductible.
This year she incurs $12,000 in medical expenses all of which are covered by her
policy. What were Amber's total cost share for that year? - SELECTED ANSWER 👀
How to calculate:
A government-funded, means-tested program designed to provide health care to
poor people for all ages - SELECTED ANSWER 👀 Medicaid
