1
Florida Laws and Rules Questions and
Correct Answers
According to Florida's rules on disclosure, a life insurance applicant is expected
to be provided with
Ans✅✅: A Buyer's guide and Policy Summary
An agent's license can be suspended or revoked by
Ans✅✅: writing primarily controlled business
If an agent would like to sell Variable annuities, which state examination must
the agent pass?
Ans✅✅: Life and Variable Contracts
A __ Day notice to the policyholder is required for any health insurer that
wishes to cancel a health insurance policy
Ans✅✅: 45
One definition of replacement is "the act of replacing an existing insurance
policy with another" Replacement is
Ans✅✅: Closely regulated and requires full disclosure
In Florida, the underwriting and issuance of a master group health policy
requires all employees
Ans✅✅: Are eligible to participate regardless of their individual
health history
Which of the following types of insureds are life insurance companies allowed
to make policy rate discriminations against?
Pretest - Stuvia US
, 2
Ans✅✅: People that smoke
An insurance company incorporated under the laws of the state in which its
home office is located is called a(n) __ company
Ans✅✅: domestic
The act of an insurance publishing misleading information about its policy's
provisions is called
Ans✅✅: false advertising
Which Unfair Trade Practice involves making a false statement on an insurance
application in order to receive money from an insurer?
Ans✅✅: Misrepresentation
Which of the following MUST be included in a Medicare Supplement policy's
Outline of Coverage?
Ans✅✅: The policy's limitations and exceptions
Which of the following is considered to be misrepresentation
Ans✅✅: An agent guaranteeing a policy's dividends
W gave W's age as 50 when W purchased a Life policy. At the time of W's
death seven years later, the company discovered W's true age at issue had
been 59. What would the normal procedure be under the misstatement of age
provision in regard to the payment of the death claim?
Ans✅✅: The proceeds would be reduced based on whatever the premium
would have been if purchased at age 59
A variable life insurance agent must be licensed and appointed as a life and
variable contract agent, as well as a(n)
Ans✅✅: Broker dealer
Pretest - Stuvia US
Florida Laws and Rules Questions and
Correct Answers
According to Florida's rules on disclosure, a life insurance applicant is expected
to be provided with
Ans✅✅: A Buyer's guide and Policy Summary
An agent's license can be suspended or revoked by
Ans✅✅: writing primarily controlled business
If an agent would like to sell Variable annuities, which state examination must
the agent pass?
Ans✅✅: Life and Variable Contracts
A __ Day notice to the policyholder is required for any health insurer that
wishes to cancel a health insurance policy
Ans✅✅: 45
One definition of replacement is "the act of replacing an existing insurance
policy with another" Replacement is
Ans✅✅: Closely regulated and requires full disclosure
In Florida, the underwriting and issuance of a master group health policy
requires all employees
Ans✅✅: Are eligible to participate regardless of their individual
health history
Which of the following types of insureds are life insurance companies allowed
to make policy rate discriminations against?
Pretest - Stuvia US
, 2
Ans✅✅: People that smoke
An insurance company incorporated under the laws of the state in which its
home office is located is called a(n) __ company
Ans✅✅: domestic
The act of an insurance publishing misleading information about its policy's
provisions is called
Ans✅✅: false advertising
Which Unfair Trade Practice involves making a false statement on an insurance
application in order to receive money from an insurer?
Ans✅✅: Misrepresentation
Which of the following MUST be included in a Medicare Supplement policy's
Outline of Coverage?
Ans✅✅: The policy's limitations and exceptions
Which of the following is considered to be misrepresentation
Ans✅✅: An agent guaranteeing a policy's dividends
W gave W's age as 50 when W purchased a Life policy. At the time of W's
death seven years later, the company discovered W's true age at issue had
been 59. What would the normal procedure be under the misstatement of age
provision in regard to the payment of the death claim?
Ans✅✅: The proceeds would be reduced based on whatever the premium
would have been if purchased at age 59
A variable life insurance agent must be licensed and appointed as a life and
variable contract agent, as well as a(n)
Ans✅✅: Broker dealer
Pretest - Stuvia US
