14 August 2026
Florida Life and Health Final Exam
Latest 2026 150 Actual Questions
and Verified Answers (Latest 2026 /
2027 Update) A+ Grade 100%
Guarantee Verified by Experts
Which Unfair Trade Practice involves making a false statement on an insurance application in
order to receive money from an insurer? - correct answer-Misrepresentation
Who owns a stock company? - correct answer-A stock insurance company is owned by its
stockholders.
A Disability Income policyowner recently submitted a claim for a chronic neck problem that has
now resulted in total disability. The original neck injury occurred before the application was taken
5 years prior. The neck injury was never disclosed to the insurer at the time of application. How
will the insurer handle this claim? - correct answer-Claim will be paid and coverage will remain in
force.
After a policy has been in force for 2 (sometimes 3) years, it enters the incontestable period, in which
the insurer may not deny a claim based on information not disclosed at the time of application.
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.
The Entire Contract provision states that the agent does NOT have the authority to change the
policy or waive any of its provisions.
What type of life insurance gives the greatest amount of coverage for a limited period of time? -
correct answer-Term life.
Level Term or Level-Premium: Level term life insurance provides the insured with coverage for a
specified period of time; the term may be one, five, 10, 20 years or longer. The premium is
calculated based on the age and health of the insured.
Periodic health claim payments MUST be made at least - correct answer-monthly.
Under an individual health policy, periodic claim payments must be made at least monthly.
,14 August 2026
Many small business owners worry how their business would survive financially if the owner
becomes disabled. The policy which BEST addresses this concern is - correct answer-Business
Overhead Expense.
A Business Overhead Expense policy's purpose is to cover certain overhead expenses that continue
when the businessowner is disabled.
J purchased a Disability Income Policy that ONLY J can terminate and on which the rates will never
increase above those illustrated in the policy. Which of the following types of policies did J
purchase? - correct answer-Noncancelable.
A Disability Income Policy that only the policyowner can terminate and on which the rates will never
increase is a Noncancelable policy.
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - correct answer-Monthly.
Claims on an individual disability policies must be paid out at monthly intervals, at minimum.
Which of the following statements BEST describes what the Legal Actions provision of an Accident
and Health policy requires? - correct answer-An insured must wait at least 60 days after Proof of
Loss has been submitted before a lawsuit can be filed.
The Legal Actions provision of an Accident & Health policy requires that the insurer settle a claim
within 60 days after receipt of Proof of Loss.
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.
Florida law requires an agent who is recommending the purchase of an annuity to a person to obtain
information regarding all of these EXCEPT the person's marital status.
J is an agent who has induced an insured through misrepresentation to surrender an existing
insurance policy. What is J guilty of? - correct answer-Twisting.
Twisting is the unfair trade practice of replacing an insurance policy from one insurer to another
based on misrepresentation.
An individual working part-time has an annual income of $25,000. If this individual has an IRA,
what is the maximum deductible IRA contribution allowable? - correct answer-In this situation, the
maximum allowable IRA contribution is $25,000.
, 14 August 2026
What is the required minimum percentage of employee participation for a noncontributory group
health insurance plan according to Florida Law? - correct answer-"0%".
Most noncontributory group health plans require 100% participation by eligible members. Under
Florida law, there is no specific minimum percentage participation for employees covered by
employee group health insurance.
What is Florida's definition of Life insurance replacement? - correct answer-Florida's Replacement
Rule defines replacement of Life insurance as a transaction in which a new policy is bought and an
old policy is discontinued.
Which of the following provisions specifies how long a policyowner's health coverage will remain
in effect if the policyowner does not pay the premium when it is due? - correct answer-The grace
period is the additional period of time after a premium payment is due that will allow the policy to
remain in force in the event of nonpayment.
A mutual insurance company and a stock insurance company have one main difference between
them. What is this major contrast? - correct answer-Stock company is owned by its shareholders.
Mutual company is owned by its policyholders.
An agent who makes misleading statements that lead to the termination of an existing insurance
policy so that a new policy with another insurer can be taken out has committed - correct
answerTwisting is knowingly making misleading statements that would cause an insured to lapse,
assign, or terminate an insurance policy in order to switch companies.
Which of the following situations are NOT subject to Florida life insurance laws? - correct answer-
Insurance companies' day-to-day operations
According to Florida's rules on disclosure, a life insurance applicant is expected to be provided with -
correct answer-a Buyer's Guide and Policy Summary
Which provision is NOT a requirement in a group life policy? - correct answer-Accidental.
An AD&D provision is not required in a group life policy.
T was insured under an individual Disability Income policy and was severely burned in a fire. As a
result, T became totally disabled. The insurer began making monthly benefit payments, but later
Florida Life and Health Final Exam
Latest 2026 150 Actual Questions
and Verified Answers (Latest 2026 /
2027 Update) A+ Grade 100%
Guarantee Verified by Experts
Which Unfair Trade Practice involves making a false statement on an insurance application in
order to receive money from an insurer? - correct answer-Misrepresentation
Who owns a stock company? - correct answer-A stock insurance company is owned by its
stockholders.
A Disability Income policyowner recently submitted a claim for a chronic neck problem that has
now resulted in total disability. The original neck injury occurred before the application was taken
5 years prior. The neck injury was never disclosed to the insurer at the time of application. How
will the insurer handle this claim? - correct answer-Claim will be paid and coverage will remain in
force.
After a policy has been in force for 2 (sometimes 3) years, it enters the incontestable period, in which
the insurer may not deny a claim based on information not disclosed at the time of application.
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.
The Entire Contract provision states that the agent does NOT have the authority to change the
policy or waive any of its provisions.
What type of life insurance gives the greatest amount of coverage for a limited period of time? -
correct answer-Term life.
Level Term or Level-Premium: Level term life insurance provides the insured with coverage for a
specified period of time; the term may be one, five, 10, 20 years or longer. The premium is
calculated based on the age and health of the insured.
Periodic health claim payments MUST be made at least - correct answer-monthly.
Under an individual health policy, periodic claim payments must be made at least monthly.
,14 August 2026
Many small business owners worry how their business would survive financially if the owner
becomes disabled. The policy which BEST addresses this concern is - correct answer-Business
Overhead Expense.
A Business Overhead Expense policy's purpose is to cover certain overhead expenses that continue
when the businessowner is disabled.
J purchased a Disability Income Policy that ONLY J can terminate and on which the rates will never
increase above those illustrated in the policy. Which of the following types of policies did J
purchase? - correct answer-Noncancelable.
A Disability Income Policy that only the policyowner can terminate and on which the rates will never
increase is a Noncancelable policy.
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - correct answer-Monthly.
Claims on an individual disability policies must be paid out at monthly intervals, at minimum.
Which of the following statements BEST describes what the Legal Actions provision of an Accident
and Health policy requires? - correct answer-An insured must wait at least 60 days after Proof of
Loss has been submitted before a lawsuit can be filed.
The Legal Actions provision of an Accident & Health policy requires that the insurer settle a claim
within 60 days after receipt of Proof of Loss.
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.
Florida law requires an agent who is recommending the purchase of an annuity to a person to obtain
information regarding all of these EXCEPT the person's marital status.
J is an agent who has induced an insured through misrepresentation to surrender an existing
insurance policy. What is J guilty of? - correct answer-Twisting.
Twisting is the unfair trade practice of replacing an insurance policy from one insurer to another
based on misrepresentation.
An individual working part-time has an annual income of $25,000. If this individual has an IRA,
what is the maximum deductible IRA contribution allowable? - correct answer-In this situation, the
maximum allowable IRA contribution is $25,000.
, 14 August 2026
What is the required minimum percentage of employee participation for a noncontributory group
health insurance plan according to Florida Law? - correct answer-"0%".
Most noncontributory group health plans require 100% participation by eligible members. Under
Florida law, there is no specific minimum percentage participation for employees covered by
employee group health insurance.
What is Florida's definition of Life insurance replacement? - correct answer-Florida's Replacement
Rule defines replacement of Life insurance as a transaction in which a new policy is bought and an
old policy is discontinued.
Which of the following provisions specifies how long a policyowner's health coverage will remain
in effect if the policyowner does not pay the premium when it is due? - correct answer-The grace
period is the additional period of time after a premium payment is due that will allow the policy to
remain in force in the event of nonpayment.
A mutual insurance company and a stock insurance company have one main difference between
them. What is this major contrast? - correct answer-Stock company is owned by its shareholders.
Mutual company is owned by its policyholders.
An agent who makes misleading statements that lead to the termination of an existing insurance
policy so that a new policy with another insurer can be taken out has committed - correct
answerTwisting is knowingly making misleading statements that would cause an insured to lapse,
assign, or terminate an insurance policy in order to switch companies.
Which of the following situations are NOT subject to Florida life insurance laws? - correct answer-
Insurance companies' day-to-day operations
According to Florida's rules on disclosure, a life insurance applicant is expected to be provided with -
correct answer-a Buyer's Guide and Policy Summary
Which provision is NOT a requirement in a group life policy? - correct answer-Accidental.
An AD&D provision is not required in a group life policy.
T was insured under an individual Disability Income policy and was severely burned in a fire. As a
result, T became totally disabled. The insurer began making monthly benefit payments, but later
