Florida Health And Life Insurance Exam Questions And Correct
Verified Answers New Updated Version 2026
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
26
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
20
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 terminate 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
am
no longer exists. Where will the proceeds from E's life insurance policy be directed to? - answer-F
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for: - answer-health
information
Ex
What do Dread Disease policies cover? - answer-A specific disease or illness
s
When an insurance application is taken by a producer, which of these statements is true? - answer-Any
rt
changes made on the application require the applicant's initials
pe
A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the
following? - answer-Aviation exclusion
Ex
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
, Which of the following reimburses its insureds for covered medical expenses? - answer-Commercial insurers
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
Which organization was established to provide funds to protect an insured in the event of an insurer's
6
insolvency? - answer-Florida Life and Health Insurance Guaranty Association
2
20
Major Medical policies typically: - answer-contain a deductible and coinsurance
The Life and Health Insurance Guaranty Association is - answer-funded by admitted insurance
companies through assessments
am
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
Ex
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
ts
they can purchase a new life insurance policy with another company
r
Which of the following is an example of an Unfair Trade Practice? - answer-Coercison
pe
The Legal Actions provision of an insurance contract is designed to do all of the following, EXCEPT: -answer-
protect the producer
Ex
Which of these actions should a producer take when submitting an insurance application to an insurer? -
answer-Inform insurer of relevant information not included on the application
A Health Reimbursement Arrangement MUST be established: - answer-by the employer
Verified Answers New Updated Version 2026
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
26
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
20
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 terminate 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
am
no longer exists. Where will the proceeds from E's life insurance policy be directed to? - answer-F
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for: - answer-health
information
Ex
What do Dread Disease policies cover? - answer-A specific disease or illness
s
When an insurance application is taken by a producer, which of these statements is true? - answer-Any
rt
changes made on the application require the applicant's initials
pe
A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the
following? - answer-Aviation exclusion
Ex
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
, Which of the following reimburses its insureds for covered medical expenses? - answer-Commercial insurers
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
Which organization was established to provide funds to protect an insured in the event of an insurer's
6
insolvency? - answer-Florida Life and Health Insurance Guaranty Association
2
20
Major Medical policies typically: - answer-contain a deductible and coinsurance
The Life and Health Insurance Guaranty Association is - answer-funded by admitted insurance
companies through assessments
am
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
Ex
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
ts
they can purchase a new life insurance policy with another company
r
Which of the following is an example of an Unfair Trade Practice? - answer-Coercison
pe
The Legal Actions provision of an insurance contract is designed to do all of the following, EXCEPT: -answer-
protect the producer
Ex
Which of these actions should a producer take when submitting an insurance application to an insurer? -
answer-Inform insurer of relevant information not included on the application
A Health Reimbursement Arrangement MUST be established: - answer-by the employer
