214 FLORIDA INSURANCE STUDY GUIDE
2026 ACCURATE QUESTION SET AND
CORRECT ANSWERS
◉ Agents selling insurance products for an agency are not required
to be individually licensed, as long as the agency itself is.
Answer: Which of the following statements regarding insurance
agencies in Florida is INCORRECT?
◉ 100%
Answer: When an employee makes contributions into a pension
plan, what percentage of his or her own contributions are vested?
◉ Cash value
Answer: Which of the following is NOT associated with a term life
policy?
◉ Pre-texting
Answer: As a provision of the Financial Services Modernization Act
of 1999, attempts to obtain non-public personal information from
consumers and customers under false pretenses is referred to as
,◉ Extended Term option
Answer: Which of the following is NOT considered to be a life policy
settlement option?
◉ Interest earned will be taxed, but premiums paid into the policy
will not be taxed.
Answer: In the event that a policyowner surrenders his or her
individual whole life policy, which outcome will likely occur?
◉ Occurence Policy
Answer: Which type of E&O policy provides permanent coverage for
the actions of an agent during which time he or she was covered
under such policy, regardless of when a lawsuit is filed against the
agent?
◉ Deferred Vesting
Answer: Which of the following is NOT a retirement vesting
schedule?
◉ Spendthrift Clause
Answer: Which of the following life policy clauses or provisions
protects a life policy's proceeds against a beneficiary's creditors?
◉ Reviewing the applicants MIB file
, Answer: A paramedical exam includes all of the following EXCEPT
◉ The employer
Answer: In an employer-related group life contract, an employee
may choose any of the following individuals or entities to serve as
his or her policy's beneficiary EXCEPT
◉ A broker
Answer: Raymond, a licensed insurance producer, solicits insurance
through more than one insurer and negotiates on behalf of his
clients; therefore, he is considered to be
◉ Non-Medical
Answer: Referred to as a _________ application, it is common for a
health or life insurance policy to be issued to an applicant based
solely on the medical information gathered from the application that
is submitted by the applicant to the insurer.
◉ National Association of Insurance Commissioners (NAIC)
Answer: Which agency has influenced the insurance industry by
introducing uniform regulation 'models' for states to follow in an
attempt to standardize multiple-state insurance laws?
◉ A beneficiary
2026 ACCURATE QUESTION SET AND
CORRECT ANSWERS
◉ Agents selling insurance products for an agency are not required
to be individually licensed, as long as the agency itself is.
Answer: Which of the following statements regarding insurance
agencies in Florida is INCORRECT?
◉ 100%
Answer: When an employee makes contributions into a pension
plan, what percentage of his or her own contributions are vested?
◉ Cash value
Answer: Which of the following is NOT associated with a term life
policy?
◉ Pre-texting
Answer: As a provision of the Financial Services Modernization Act
of 1999, attempts to obtain non-public personal information from
consumers and customers under false pretenses is referred to as
,◉ Extended Term option
Answer: Which of the following is NOT considered to be a life policy
settlement option?
◉ Interest earned will be taxed, but premiums paid into the policy
will not be taxed.
Answer: In the event that a policyowner surrenders his or her
individual whole life policy, which outcome will likely occur?
◉ Occurence Policy
Answer: Which type of E&O policy provides permanent coverage for
the actions of an agent during which time he or she was covered
under such policy, regardless of when a lawsuit is filed against the
agent?
◉ Deferred Vesting
Answer: Which of the following is NOT a retirement vesting
schedule?
◉ Spendthrift Clause
Answer: Which of the following life policy clauses or provisions
protects a life policy's proceeds against a beneficiary's creditors?
◉ Reviewing the applicants MIB file
, Answer: A paramedical exam includes all of the following EXCEPT
◉ The employer
Answer: In an employer-related group life contract, an employee
may choose any of the following individuals or entities to serve as
his or her policy's beneficiary EXCEPT
◉ A broker
Answer: Raymond, a licensed insurance producer, solicits insurance
through more than one insurer and negotiates on behalf of his
clients; therefore, he is considered to be
◉ Non-Medical
Answer: Referred to as a _________ application, it is common for a
health or life insurance policy to be issued to an applicant based
solely on the medical information gathered from the application that
is submitted by the applicant to the insurer.
◉ National Association of Insurance Commissioners (NAIC)
Answer: Which agency has influenced the insurance industry by
introducing uniform regulation 'models' for states to follow in an
attempt to standardize multiple-state insurance laws?
◉ A beneficiary
