FLORIDA LAWS AND RULES PERTINENT TO INSURANCE
EXAM REAL EXAM 2026 | COMPLETE QUESTIONS AND
CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS
| JUST RELEASED
Which action could result in a hearing being ordered by the
Department of Financial Services? ---------CORRECT ANSWER---------------
--Performing insurance transactions without a license
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
ANSWER-----------------twisting
Twisting 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 is a standard provision of the conversion
privileges in a Group Life policy? ---------CORRECT ANSWER-----------------
The correct answer is "Group Life coverage can be converted to an
individual policy at regular rates on an attained-age basis". Conversion
at regular rates on an attained-age basis without a medical exam is a
standard provision for conversion privileges in Group Life policies.
,All of the following are Nonforfeiture Options EXCEPT ---------CORRECT
ANSWER-----------------Automatic Premium Loan Option
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
J owns a business and has a Group Life policy covering her employees. J
decides to cancel the policy by letting it lapse on the renewal date.
What action must be taken? ---------CORRECT ANSWER-----------------All
of the employees must be notified of the cancellation either by the
insurance company or through J
An insurer must notify each certificate holder (employee) when the
master policy has expired or is being cancelled. The insurer may take
such action through the policyholder (employer).
In Florida, most life insurance policies have a contestability period of ---
------CORRECT ANSWER-----------------2 years
,Which of the following can an agent provide to help a prospective client
understand and purchase the most appropriate product? ---------
CORRECT ANSWER-----------------Buyer's guide
A life insurance policyowner may sell their policy to a(n) _____ in order
to receive a percentage of the policy's face value. ---------CORRECT
ANSWER-----------------viatical settlement provider
A stock life insurance company that issues both participating and
nonparticipating policies is doing business on ---------CORRECT ANSWER-
----------------The correct answer is "a mixed plan". When a stock life
insurance company issues both participating and nonparticipating
policies, the company is doing business on a mixed plan.
In order for a domestic, foreign, or alien insurance company to conduct
business, it must be authorized by whom? ---------CORRECT ANSWER-----
------------The correct answer is "The state where they are conducting
business". Domestic, foreign, or alien companies must be authorized by
each state where they conduct business.
, Advertising gifts not to exceed ___ are allowed to be given by an agent
to a prospective client. ---------CORRECT ANSWER-----------------$25
A licensed agent must be appointed by an insurance company to solicit
insurance in Florida. The agent's license will terminate if a certain
period of time elapses without being appointed. How long is this period
of time? ---------CORRECT ANSWER-----------------48 months
A long-term care lapse notice must be delivered to both the applicant
and ---------CORRECT ANSWER-----------------secondary addressee
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
There is only a 6-month limitation on pre-existing conditions for
Medicare Supplements.
According to Florida law, a Group Life insurance policy requires a
minimum of how many insureds? ---------CORRECT ANSWER----------------
-No minimum
EXAM REAL EXAM 2026 | COMPLETE QUESTIONS AND
CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS
| JUST RELEASED
Which action could result in a hearing being ordered by the
Department of Financial Services? ---------CORRECT ANSWER---------------
--Performing insurance transactions without a license
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
ANSWER-----------------twisting
Twisting 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 is a standard provision of the conversion
privileges in a Group Life policy? ---------CORRECT ANSWER-----------------
The correct answer is "Group Life coverage can be converted to an
individual policy at regular rates on an attained-age basis". Conversion
at regular rates on an attained-age basis without a medical exam is a
standard provision for conversion privileges in Group Life policies.
,All of the following are Nonforfeiture Options EXCEPT ---------CORRECT
ANSWER-----------------Automatic Premium Loan Option
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
J owns a business and has a Group Life policy covering her employees. J
decides to cancel the policy by letting it lapse on the renewal date.
What action must be taken? ---------CORRECT ANSWER-----------------All
of the employees must be notified of the cancellation either by the
insurance company or through J
An insurer must notify each certificate holder (employee) when the
master policy has expired or is being cancelled. The insurer may take
such action through the policyholder (employer).
In Florida, most life insurance policies have a contestability period of ---
------CORRECT ANSWER-----------------2 years
,Which of the following can an agent provide to help a prospective client
understand and purchase the most appropriate product? ---------
CORRECT ANSWER-----------------Buyer's guide
A life insurance policyowner may sell their policy to a(n) _____ in order
to receive a percentage of the policy's face value. ---------CORRECT
ANSWER-----------------viatical settlement provider
A stock life insurance company that issues both participating and
nonparticipating policies is doing business on ---------CORRECT ANSWER-
----------------The correct answer is "a mixed plan". When a stock life
insurance company issues both participating and nonparticipating
policies, the company is doing business on a mixed plan.
In order for a domestic, foreign, or alien insurance company to conduct
business, it must be authorized by whom? ---------CORRECT ANSWER-----
------------The correct answer is "The state where they are conducting
business". Domestic, foreign, or alien companies must be authorized by
each state where they conduct business.
, Advertising gifts not to exceed ___ are allowed to be given by an agent
to a prospective client. ---------CORRECT ANSWER-----------------$25
A licensed agent must be appointed by an insurance company to solicit
insurance in Florida. The agent's license will terminate if a certain
period of time elapses without being appointed. How long is this period
of time? ---------CORRECT ANSWER-----------------48 months
A long-term care lapse notice must be delivered to both the applicant
and ---------CORRECT ANSWER-----------------secondary addressee
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
There is only a 6-month limitation on pre-existing conditions for
Medicare Supplements.
According to Florida law, a Group Life insurance policy requires a
minimum of how many insureds? ---------CORRECT ANSWER----------------
-No minimum
