Florida Health and Life Insurance Exam
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1. According to Mandatory Uniform Policy Provisions, 31 days
what is the maximum amount of time after the premi-
um due date during which the policy remains in force
even though the premium has not been paid?
2. G purchased a Family Income policy at age 40. The 10 years
policy has a 20-year rider period. If G were to die at
age 50, how long would G's family receive an income?
3. E and F are business partners. Each takes out a F
$500,000 life insurance policy on the other, naming
himself as primary beneficiary. E and F eventually ter-
minate 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. How-
ever, an insurable interest no longer exists. Where will
the proceeds from E's life insurance policy be directed
to?
4. The Health Insurance Portability and Accountability health information
Act (HIPAA) gives privacy protection for:
5. What do Dread Disease policies cover? A specific disease or ill-
ness
6. When an insurance application is taken by a producer, Any changes made on
which of these statements is true? the application require the
applicant's initials
7. A student pilot can pay regular premium costs for her Aviation exclusion
life insurance policy with the addition of which of the
following?
, Florida Health and Life Insurance Exam
Study online at https://quizlet.com/_8kp5pd
8. What is the consideration given by an insurer in the Promise to pay a death
Consideration clause of a life policy? benefit to a named bene-
ficiary
9. Which of the following reimburses its insureds for Commercial insurers
covered medical expenses?
10. Under Florida law, which of the following provisions is Limitation on pre-existing
NOT required in a Medicare Supplement policy? conditions for up to 12
months
11. Which organization was established to provide funds Florida Life and Health In-
to protect an insured in the event of an insurer's insol- surance Guaranty Associa-
vency? tion
12. Major Medical policies typically: contain a deductible and
coinsurance
13. The Life and Health Insurance Guaranty Association is funded by admitted insur-
ance companies through
assessments
14. P and Q are married and have three children. P is P only
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:
15. Which of the following is considered an accurate state- Twisting involves an agent
ment of an unfair trade practice? using misrepresentation
to convince a policyowner
to cancel their current pol-
, Florida Health and Life Insurance Exam
Study online at https://quizlet.com/_8kp5pd
icy so that they can pur-
chase a new life insurance
policy with another com-
pany
16. Which of the following is an example of an Unfair Coercison
Trade Practice?
17. The Legal Actions provision of an insurance contract is protect the producer
designed to do all of the following, EXCEPT:
18. Which of these actions should a producer take when Inform insurer of relevant
submitting an insurance application to an insurer? information not included
on the application
19. A Health Reimbursement Arrangement MUST be es- by the employer
tablished:
20. If an individual has an Accidental Death and Dismem- When the state prohibits
berment policy and dies, and autopsy can be per- this by law
formed in all these situations, EXCEPT:
21. P is a producer who notices 5 questions on a life ap- Set up a meeting with the
plication were not answered. What actions should P applicant to answer the
take? remaining questions
22. A disability elimination period is best described as a: time deductible
23. Which type of insurance company allows their policy- Mutual
owners to elect a governing body?
24. Two partners own equal shares in a business worth Each partner owns a
a total of $1,000,000. If they both commit to the pur- $500,000 policy on their
partner's life
Study online at https://quizlet.com/_8kp5pd
1. According to Mandatory Uniform Policy Provisions, 31 days
what is the maximum amount of time after the premi-
um due date during which the policy remains in force
even though the premium has not been paid?
2. G purchased a Family Income policy at age 40. The 10 years
policy has a 20-year rider period. If G were to die at
age 50, how long would G's family receive an income?
3. E and F are business partners. Each takes out a F
$500,000 life insurance policy on the other, naming
himself as primary beneficiary. E and F eventually ter-
minate 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. How-
ever, an insurable interest no longer exists. Where will
the proceeds from E's life insurance policy be directed
to?
4. The Health Insurance Portability and Accountability health information
Act (HIPAA) gives privacy protection for:
5. What do Dread Disease policies cover? A specific disease or ill-
ness
6. When an insurance application is taken by a producer, Any changes made on
which of these statements is true? the application require the
applicant's initials
7. A student pilot can pay regular premium costs for her Aviation exclusion
life insurance policy with the addition of which of the
following?
, Florida Health and Life Insurance Exam
Study online at https://quizlet.com/_8kp5pd
8. What is the consideration given by an insurer in the Promise to pay a death
Consideration clause of a life policy? benefit to a named bene-
ficiary
9. Which of the following reimburses its insureds for Commercial insurers
covered medical expenses?
10. Under Florida law, which of the following provisions is Limitation on pre-existing
NOT required in a Medicare Supplement policy? conditions for up to 12
months
11. Which organization was established to provide funds Florida Life and Health In-
to protect an insured in the event of an insurer's insol- surance Guaranty Associa-
vency? tion
12. Major Medical policies typically: contain a deductible and
coinsurance
13. The Life and Health Insurance Guaranty Association is funded by admitted insur-
ance companies through
assessments
14. P and Q are married and have three children. P is P only
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:
15. Which of the following is considered an accurate state- Twisting involves an agent
ment of an unfair trade practice? using misrepresentation
to convince a policyowner
to cancel their current pol-
, Florida Health and Life Insurance Exam
Study online at https://quizlet.com/_8kp5pd
icy so that they can pur-
chase a new life insurance
policy with another com-
pany
16. Which of the following is an example of an Unfair Coercison
Trade Practice?
17. The Legal Actions provision of an insurance contract is protect the producer
designed to do all of the following, EXCEPT:
18. Which of these actions should a producer take when Inform insurer of relevant
submitting an insurance application to an insurer? information not included
on the application
19. A Health Reimbursement Arrangement MUST be es- by the employer
tablished:
20. If an individual has an Accidental Death and Dismem- When the state prohibits
berment policy and dies, and autopsy can be per- this by law
formed in all these situations, EXCEPT:
21. P is a producer who notices 5 questions on a life ap- Set up a meeting with the
plication were not answered. What actions should P applicant to answer the
take? remaining questions
22. A disability elimination period is best described as a: time deductible
23. Which type of insurance company allows their policy- Mutual
owners to elect a governing body?
24. Two partners own equal shares in a business worth Each partner owns a
a total of $1,000,000. If they both commit to the pur- $500,000 policy on their
partner's life
