Florida Health and Life Insurance Exam
Questions and Guide Answers
100% Verified Graded A+
1. According to Mandatory Uniform Policy Provisions, what is the maximum
amount of time after the premium due date during which the policy remains
in force even though the premium has not been paid?
Answer: 31 days
2. G purchased a Family Income policy at age 40. The policy has a 20-year
rider period. If G were to die at age 50, how long would G's family receive an
income?
Answer: 10 years
3. E and F are business partners. Each takes out a $500,000 life insurance policy
on the other, naming himself as primary beneficiary. E and F eventually termi-
nate their business, and four months later E dies. Although E was married with
,three children at the time of death, the primary beneficiary is still F. However,
an insurable interest no longer exists. Where will the proceeds from E's life
insurance policy be directed to?
Answer: F
4. The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
protection for
Answer: health information
5. What do Dread Disease policies cover?
Answer: A specific disease or illness
6. When an insurance application is taken by a producer, which of these state-
ments is true?
Answer: Any changes made on the application require the applicant's initials
7. A student pilot can pay regular premium costs for her life insurance policy
with the addition of which of the following?
Answer: Aviation exclusion
8. What is the consideration given by an insurer in the Consideration clause of a
life policy?
Answer: Promise to pay a death benefit to a named beneficiary
,9. Which of the following reimburses its insureds for covered medical expens-
es?
Answer: Commercial insurers
10. Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy?
Answer: Limitation on pre-existing conditions for up to 12 months
11. 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
12. Major Medical policies typically
Answer: contain a deductible and coinsurance
13. The Life and Health Insurance Guaranty Association is
Answer: funded by admitted insurance companies through assessments
14. P and Q are married and have three children. P is the primary beneficiary
on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R
, is the contingent beneficiary. P, Q, and R are involved in a car accident and Q
and R are killed instantly. The Accidental Death benefits will be paid to
Answer: P only
15. 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
16. Which of the following is an example of an Unfair Trade Practice?
Answer: Coercison
17. The Legal Actions provision of an insurance contract is designed to do all
of the following, EXCEPT
Answer: protect the producer
18. Which of these actions should a producer take when submitting an insur-
ance application to an insurer?
Answer: Inform insurer of relevant information not included on the application
19. A Health Reimbursement Arrangement MUST be established
Answer: by the employer
20. If an individual has an Accidental Death and Dismemberment policy and dies,
Questions and Guide Answers
100% Verified Graded A+
1. According to Mandatory Uniform Policy Provisions, what is the maximum
amount of time after the premium due date during which the policy remains
in force even though the premium has not been paid?
Answer: 31 days
2. G purchased a Family Income policy at age 40. The policy has a 20-year
rider period. If G were to die at age 50, how long would G's family receive an
income?
Answer: 10 years
3. E and F are business partners. Each takes out a $500,000 life insurance policy
on the other, naming himself as primary beneficiary. E and F eventually termi-
nate their business, and four months later E dies. Although E was married with
,three children at the time of death, the primary beneficiary is still F. However,
an insurable interest no longer exists. Where will the proceeds from E's life
insurance policy be directed to?
Answer: F
4. The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
protection for
Answer: health information
5. What do Dread Disease policies cover?
Answer: A specific disease or illness
6. When an insurance application is taken by a producer, which of these state-
ments is true?
Answer: Any changes made on the application require the applicant's initials
7. A student pilot can pay regular premium costs for her life insurance policy
with the addition of which of the following?
Answer: Aviation exclusion
8. What is the consideration given by an insurer in the Consideration clause of a
life policy?
Answer: Promise to pay a death benefit to a named beneficiary
,9. Which of the following reimburses its insureds for covered medical expens-
es?
Answer: Commercial insurers
10. Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy?
Answer: Limitation on pre-existing conditions for up to 12 months
11. 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
12. Major Medical policies typically
Answer: contain a deductible and coinsurance
13. The Life and Health Insurance Guaranty Association is
Answer: funded by admitted insurance companies through assessments
14. P and Q are married and have three children. P is the primary beneficiary
on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R
, is the contingent beneficiary. P, Q, and R are involved in a car accident and Q
and R are killed instantly. The Accidental Death benefits will be paid to
Answer: P only
15. 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
16. Which of the following is an example of an Unfair Trade Practice?
Answer: Coercison
17. The Legal Actions provision of an insurance contract is designed to do all
of the following, EXCEPT
Answer: protect the producer
18. Which of these actions should a producer take when submitting an insur-
ance application to an insurer?
Answer: Inform insurer of relevant information not included on the application
19. A Health Reimbursement Arrangement MUST be established
Answer: by the employer
20. If an individual has an Accidental Death and Dismemberment policy and dies,
