Florida Insurance Exam with correct answers 100% 2026

Florida Insurance Exam with correct answers 100% 2026 Faxination - Correct Answer Faxing from outlook HEDIS - Correct Answer Healthcare Effectiveness Data and Information Se Medicare STARS - Correct Answer Pivot Tables - Correct Answer Vlookup - Correct AnswerA Business Disability Buyout plan policy is designed: - Correct Answer to pay benefits to the Corporation or other shareholders A license may be denied, suspended, or revoked if the licensee - Correct Answer is found guilty of misrepresentation A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time? - Correct Answer 48 months A life insurance application must be signed by all of these, EXCEPT: - Correct Answer beneficiary A life insurance arrangement which circumvents insurable interest statutes is called: - Correct Answer Investor-Originated Life Insurance 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 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? - Correct Answer Twenty A policy loan is made possible by which of these life insurance policy features? - Correct Answer Cash value provision A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Correct Answer 20-Pay Life accumulates cash value faster than Straight Life A stock insurance company - Correct Answer is owned exclusively by its shareholders A term life insurance policy matures: - Correct Answer upon the insured's death during the term of the policy According to Florida law, group life insurance conversion privileges must NOT - Correct Answer require evidence of insurability According to Florida Law, in which of the following situations would a dependent handicapped child NOT be covered under a Family Health policy? - Correct Answer The premiums for the handicapped child are not paid According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare Supplement applicant? - Correct Answer At the time of application According to Florida law, which of the following information does NOT need to be obtained by an agent recommending an annuity purchase? - Correct Answer Marital status According to Florida's rules on disclosure, a life insurance applicant is expected to be provided with - Correct Answer a Certificate of Coverage and Buyer's Guide According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options? - Correct Answer Monthly Advertising gifts not to exceed ___ are allowed to be given by an agent to a prospective client. - Correct Answer $25 After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - Correct Answer File written proof of loss Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take? - Correct Answer Return to the customer, collect a new check made out to the insurance company, and send the new check out to the insurance company All of the following are Nonforfeiture Options EXCEPT - Correct Answer Automatic Premium Loan Option All of the following statements about traditional individual retirement accounts are false EXCEPT - Correct Answer 10% penalty is applied to withdrawals before age 59 1/2 All of these Settlement options involve the systematic liquidation of the death proceeds in the event of the insured's death, EXCEPT: - Correct Answer Interest Only An agent selling Medicare Supplement policies must provide every applicant with a(n) - Correct Answer Suitability form An agent's license can be suspended or revoked by - Correct Answer writing primarily controlled business An engineering firm that would suffer financially from the death of a project manager should purchase a: - Correct Answer Key Person Life Policy An example of false advertising would be - Correct Answer An insurer exaggerating its dividends in a magazine advertisement An example of unfair discrimination would be - Correct Answer offering different terms of coverage for different policyowners having the same risk classification An incomplete life insurance application submitted to an insurer will result in which of these actions? - Correct Answer Application will be returned to the writing agent An individual covered under a Group Life insurance policy is considered to be a(n) - Correct Answer certificate holder An insurance company receives E's application for an individual health policy. E did not complete all of the medical history questions because she could not remember the exact dates. E signed the policy and submitted it to the insurance company anyway. A few weeks later, E suffers a heart attack and is hospitalized without completing the medical history questions and paying the initial premium. E is not insured. Which of the following clauses details the conditions that E did not meet? - Correct Answer Consideration clause An insured pays premiums on an annual basis for an individual health insurance policy. What is the MINIMUM number of days for the Grace Period provision? - Correct Answer 31 An insurer must provide an insured with claim forms within __ days after receiving notice of a loss. - Correct Answer 15 At what time must a policyowner have insurable interest on the insured in order for the life policy to be valid? - Correct Answer At the time of application