Florida Insurance Exam
Questions and Answers 100%
PASS
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the:—ANSWER--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?—ANSWER--Conditional
A life insurance arrangement which circumvents insurable interest statutes is called:—
ANSWER--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?—ANSWER--Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned
for a 100% premium refund?—ANSWER--30
Which of the following is NOT an unfair claim settlement practice?—ANSWER--Needing
written documentation of claim details
Who is NOT required to sign a life insurance application?—ANSWER--Beneficiary
, To be eligible for Social Security disability benefits, an employee must be unable to
perform:—ANSWER--any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n):—
ANSWER--Immediate annuity
A life insurance application must be signed by all of these, EXCEPT:—ANSWER--beneficiary
Which of the following is considered an accurate statement of an unfair trade practice?—
ANSWER--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):—
ANSWER--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?—ANSWER--
Carryover provision
Insurance policies are considered aleatory contracts because—ANSWER--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?—ANSWER--30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency?—ANSWER--Florida Life and Health Insurance Guaranty Association
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the:—ANSWER--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?—ANSWER--Conditional
A life insurance arrangement which circumvents insurable interest statutes is called:—
ANSWER--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?—ANSWER--Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned
for a 100% premium refund?—ANSWER--30
Which of the following is NOT an unfair claim settlement practice?—ANSWER--Needing
written documentation of claim details
Who is NOT required to sign a life insurance application?—ANSWER--Beneficiary
, To be eligible for Social Security disability benefits, an employee must be unable to
perform:—ANSWER--any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n):—
ANSWER--Immediate annuity
A life insurance application must be signed by all of these, EXCEPT:—ANSWER--beneficiary
Which of the following is considered an accurate statement of an unfair trade practice?—
ANSWER--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):—
ANSWER--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?—ANSWER--
Carryover provision
Insurance policies are considered aleatory contracts because—ANSWER--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?—ANSWER--30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency?—ANSWER--Florida Life and Health Insurance Guaranty Association
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
