FLORIDA HEALTH AND LIFE INSURANCE EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED BY EXPERTS)| ALREADY
GRADED A+|2025 UPDATED
,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? - CORRECT-
ANSWER-31 days
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? - CORRECT-ANSWER-10 years
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 no longer exists.
Where will the proceeds from E's life insurance policy be directed to? -
CORRECT-ANSWER-F
The Health Insurance Portability and Accountability Act (HIPAA) gives
privacy protection for: - CORRECT-ANSWER-health information
What do Dread Disease policies cover? - CORRECT-ANSWER-A specific
disease or illness
When an insurance application is taken by a producer, which of these
statements is true? - CORRECT-ANSWER-Any changes made on the
application require the applicant's initials
A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? - CORRECT-
ANSWER-Aviation exclusion
, What is the consideration given by an insurer in the Consideration
clause of a life policy? - CORRECT-ANSWER-Promise to pay a death
benefit to a named beneficiary
Which of the following reimburses its insureds for covered medical
expenses? - CORRECT-ANSWER-Commercial insurers
Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy? - CORRECT-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 insolvency? - CORRECT-ANSWER- Florida Life and
Health Insurance Guaranty Association
Major Medical policies typically: - CORRECT-ANSWER-contain a deductible
and coinsurance
AND CORRECT ANSWERS (VERIFIED BY EXPERTS)| ALREADY
GRADED A+|2025 UPDATED
,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? - CORRECT-
ANSWER-31 days
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? - CORRECT-ANSWER-10 years
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 no longer exists.
Where will the proceeds from E's life insurance policy be directed to? -
CORRECT-ANSWER-F
The Health Insurance Portability and Accountability Act (HIPAA) gives
privacy protection for: - CORRECT-ANSWER-health information
What do Dread Disease policies cover? - CORRECT-ANSWER-A specific
disease or illness
When an insurance application is taken by a producer, which of these
statements is true? - CORRECT-ANSWER-Any changes made on the
application require the applicant's initials
A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? - CORRECT-
ANSWER-Aviation exclusion
, What is the consideration given by an insurer in the Consideration
clause of a life policy? - CORRECT-ANSWER-Promise to pay a death
benefit to a named beneficiary
Which of the following reimburses its insureds for covered medical
expenses? - CORRECT-ANSWER-Commercial insurers
Under Florida law, which of the following provisions is NOT required in a
Medicare Supplement policy? - CORRECT-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 insolvency? - CORRECT-ANSWER- Florida Life and
Health Insurance Guaranty Association
Major Medical policies typically: - CORRECT-ANSWER-contain a deductible
and coinsurance
