Florida XCEL health Practice Exam 2026
Questions and Answers Graded A+
What type of insurance company is domiciled in England, but conducts business in
Florida? - Correct answer-Alien
The minimum age at which a person can sign a life insurance application is -
Correct answer-15 Years
In Florida, monthly-premium health insurance policies must provide a grace period
of at least - Correct answer-10 days
W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years later, the company discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of age provision in regard
to the payment of the death claim? - Correct answer-The proceeds would be
reduced based on whatever the premium would have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT receive payment
from health insurance policies? - Correct answer-Naturopaths
,What are adjustable rates for life policy loans in Florida based on? - Correct
answer-Moody's corporate bond index
S takes out a health insurance policy which contains a provision that states that the
agent does not have the authority to change the policy or waive any of its
provisions. Which health policy provision is this? - Correct answer-Entire Contract
An example of false advertising would be - Correct answer-An insurer
exaggerating its dividends in a magazine advertisement
Which of the following acts is an agent NOT authorized to do on behalf of an
insurer? - Correct answer-Authorize claim payments
The coordination of benefits (COB) provision exists in order to - Correct answer-
avoid duplication of benefit payment
Which of the following can an agent provide to help a prospective client
understand and purchase the most appropriate product? - Correct answer-Buyer's
guide
Which of the following employees may NOT be excluded from a group life plan? -
Correct answer-Full-time employees AFTER the probationary period
The free-look period for all qualified Long-term care policies sold in Florida is __
days. - Correct answer-30
,Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy? - Correct answer-Limitation on pre-existing
conditions for up to 12 months, it would be correct if it was 6 months.
Which of the following is considered to be misrepresentation? - Correct answer-An
agent guaranteeing a policy's dividends
Upon reaching the limiting age, a disabled child may extend their health insurance
coverage as a dependent - Correct answer-only if the child is incapable of
employment and chiefly dependent on the policyowner
What do Dread Disease policies cover? - Correct answer-A specific disease or
illness
What do families pay that are covered by the Florida Healthy Kids Corporation -
Correct answer-A portion of the premium
Which of the following is NOT required in the Outline of Coverage for a health
insurance policy? - Correct answer-Projection of the policy's future costs
In what year was The Florida Office of Financial Regulation (OFR) created? -
Correct answer-2003
Which of the following MUST be included in a Medicare Supplement policy's
Outline of Coverage? - Correct answer-The policy's limitations and exceptions
, Which of the following is NOT required on every insurance application sold in
Florida? - Correct answer-Address and phone number of the agent
Which of the following professional organizations has its code of ethics
incorporated into Florida law? - Correct answer-National Association of Insurance
and Financial Advisors (NAIFA)
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value. - Correct answer-viatical settlement
provider
Which of the following types of insureds are life insurance companies allowed to
make policy rate discriminations against? - Correct answer-People that smoke
In Florida, an element of an insurance transaction would be - Correct answer-
issuing an insurance contract
Which department oversees 'Market Conduct Examinations' in Florida? - Correct
answer-Office of Insurance Regulation (OIR)
In Florida, an insurer domiciled and incorporated in this state is called a(n) -
Correct answer-domestic company
A life insurance policy's grace period entitles the insured a period of no less than
___ days to make the premium payment. - Correct answer-30
Questions and Answers Graded A+
What type of insurance company is domiciled in England, but conducts business in
Florida? - Correct answer-Alien
The minimum age at which a person can sign a life insurance application is -
Correct answer-15 Years
In Florida, monthly-premium health insurance policies must provide a grace period
of at least - Correct answer-10 days
W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years later, the company discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of age provision in regard
to the payment of the death claim? - Correct answer-The proceeds would be
reduced based on whatever the premium would have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT receive payment
from health insurance policies? - Correct answer-Naturopaths
,What are adjustable rates for life policy loans in Florida based on? - Correct
answer-Moody's corporate bond index
S takes out a health insurance policy which contains a provision that states that the
agent does not have the authority to change the policy or waive any of its
provisions. Which health policy provision is this? - Correct answer-Entire Contract
An example of false advertising would be - Correct answer-An insurer
exaggerating its dividends in a magazine advertisement
Which of the following acts is an agent NOT authorized to do on behalf of an
insurer? - Correct answer-Authorize claim payments
The coordination of benefits (COB) provision exists in order to - Correct answer-
avoid duplication of benefit payment
Which of the following can an agent provide to help a prospective client
understand and purchase the most appropriate product? - Correct answer-Buyer's
guide
Which of the following employees may NOT be excluded from a group life plan? -
Correct answer-Full-time employees AFTER the probationary period
The free-look period for all qualified Long-term care policies sold in Florida is __
days. - Correct answer-30
,Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy? - Correct answer-Limitation on pre-existing
conditions for up to 12 months, it would be correct if it was 6 months.
Which of the following is considered to be misrepresentation? - Correct answer-An
agent guaranteeing a policy's dividends
Upon reaching the limiting age, a disabled child may extend their health insurance
coverage as a dependent - Correct answer-only if the child is incapable of
employment and chiefly dependent on the policyowner
What do Dread Disease policies cover? - Correct answer-A specific disease or
illness
What do families pay that are covered by the Florida Healthy Kids Corporation -
Correct answer-A portion of the premium
Which of the following is NOT required in the Outline of Coverage for a health
insurance policy? - Correct answer-Projection of the policy's future costs
In what year was The Florida Office of Financial Regulation (OFR) created? -
Correct answer-2003
Which of the following MUST be included in a Medicare Supplement policy's
Outline of Coverage? - Correct answer-The policy's limitations and exceptions
, Which of the following is NOT required on every insurance application sold in
Florida? - Correct answer-Address and phone number of the agent
Which of the following professional organizations has its code of ethics
incorporated into Florida law? - Correct answer-National Association of Insurance
and Financial Advisors (NAIFA)
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value. - Correct answer-viatical settlement
provider
Which of the following types of insureds are life insurance companies allowed to
make policy rate discriminations against? - Correct answer-People that smoke
In Florida, an element of an insurance transaction would be - Correct answer-
issuing an insurance contract
Which department oversees 'Market Conduct Examinations' in Florida? - Correct
answer-Office of Insurance Regulation (OIR)
In Florida, an insurer domiciled and incorporated in this state is called a(n) -
Correct answer-domestic company
A life insurance policy's grace period entitles the insured a period of no less than
___ days to make the premium payment. - Correct answer-30
