Page | 1
Florida Laws And Rules Pertinent To Insurance (NEW UPDATED
VERSION) LATEST ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED QUESTIONS AND ANSWERS) |
GUARANTEED PASS A+ [2026]
A form of medical health insurance covering the treatment and care of gum disease is called:
Medicaid
Major Medical
Franchise health policy
Dental expense insurance - CORRECT ✔✔✔✔✔ Dental expense insurance
In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a cash
surrender value of an annuity?
6 months
12 months
18 months
24 months - CORRECT ✔✔✔✔✔ 6 months
When can a policy no longer be cancelled for nonfraudulent misstatements after its date of issue?
1 year
2 years
5 years
At any time - CORRECT ✔✔✔✔✔ 2 years
Which of the following is NOT an example of inducement to purchase insurance?
A promise of employment
A gift having a value less than $25
A special favor in the payment of premiums
Giving merchandise to a client with a value of $100 - CORRECT ✔✔✔✔✔ A gift having a
value less than $25
EXAMPREPMASTER
, The Director MUST examine domestic insurers AT LEAST once every:
year
3 years
5 years
7 years - CORRECT ✔✔✔✔✔ 5 years
Page | 2
An insurer may refuse to issue a policy to a particular insurance applicant for a reason based solely
on:
medical condition
race
gender
creed - CORRECT ✔✔✔✔✔ medical condition
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March 14, 1980.
When does her license renew?
March 31, 2013
April 29, 2013
March 31, 2014
April 29, 2014 - CORRECT ✔✔✔✔✔ March 31, 2014
An insurance producer CANNOT act as an agent of an insurer until the insurance producer
becomes:
licensed
designated responsible producer
a member of the National Association of Insurance Commissioners (NAIC)
appointed by the insurer - CORRECT ✔✔✔✔✔ appointed by the insurer
A policy illustration given at time of sale does NOT typically include the:
cash value of the policy
names of the beneficiary
effective interest rate for policy loans
10th and 20th year cost surrender value - CORRECT ✔✔✔✔✔ Names of the beneficiary
Someone who sells, solicits, or negotiates insurance contracts for compensation on behalf of an
insurer is called:
an insurance broker
an insurance producer
an insurance advisor
an insurance solicitor - CORRECT ✔✔✔✔✔ an insurance producer
How many years is a producer REQUIRED to maintain transaction records of a policy?
3 years
5 years
7 years
10 years - CORRECT ✔✔✔✔✔ 5 years
According to the Affordable Care Act, what metal tier is required to have an actuarial value of 70%
with covered individuals paying 30% through deductibles, co-pays, and other cost sharing features?
Bronze Plan
EXAMPREPMASTER
, Silver Plan
Gold Plan
Platinum Plan - CORRECT ✔✔✔✔✔ Silver plan
When a life insurance policy is issued to replace another life insurance policy, which of the following
Page | 3 does NOT need to be provided to the purchaser at or before the time the policy is delivered?
Disclosure Statement
The replacing insurer's financial statements
A policy summary
A copy of the most recent buyer's guide - CORRECT ✔✔✔✔✔ The replacing insurer's
financial statements
With respect to small group health benefit plans, a carrier may discontinue coverage or may refuse
to renew such a plan if the employer:
employ fewer than 15 full-time employees
has filed for bankruptcy in the prior year
has a supplemental plan with a competing carrier
fails to pay the premium prior to the end of the grace period - CORRECT ✔✔✔✔✔ Fails to
pay the premium prior to the end of the grace period
Which one of the following statements regarding an examination of an insurer's books and records
by the Director is TRUE?
An insurer has a right to delay an examination by the Director for a period of not more than 15 days
after notification
The Director only has the authority to examine domestic insurers
Reports related to solicitors are not official records archived from insurance examinations
The insurer must not impede an examination and is required to assist in the examination
procedures - CORRECT ✔✔✔✔✔ The insurer must not impede in an examination and is
required to assist in the examination procedures.
A hospital or medical expense policy will typically cover dental treatment expenses under which
circumstance?
After the annual limit of a dental policy's coverage is reached
Dental treatment is needed to repair an injury
Cosmetic dental treatment is performed
If treatment is performed at a in-network provider - CORRECT ✔✔✔✔✔ Dental treatment is
needed to repair an injury
An insured MUST submit a proof of loss on a health insurance claim within how many days after the
date of loss?
30
60
90
120 - CORRECT ✔✔✔✔✔ 90
Other than for fraud, under the Time Limit on Certain Defenses Provision, a health insurance policy
is incontestable after it has been in force for a period of:
1 year
2 years
3 years
EXAMPREPMASTER
, 4 years - CORRECT ✔✔✔✔✔ 2 years
Under long-term care insurance, which of the following MUST an insurer offer to each policyowner
at the time of purchase?
A decrease in annual benefit levels
Page | 4 Lifetime minimum benefit levels
An inflation protection feature
Minimum benefit levels - CORRECT ✔✔✔✔✔ An inflation protection feature
An insurance producer has fiduciary responsibilities to all of the following entities EXCEPT:
insurers
insureds
applicants
the Guaranty Association - CORRECT ✔✔✔✔✔ The Guaranty Association
In South Carolina, within how many days does the free-look provision allow the insured the right to
return an individual insurance policy for full premium?
5 days
10 days
15 days
45 days - CORRECT ✔✔✔✔✔ 10 days
If an insurance agent receives compensation for giving advice to a member of the public and
properly documents the transaction and amount with a memo signed by the person paying the fee,
a copy of the memo or contract MUST be retained by the agent for AT LEAST
1 year
3 years
5 years
7 years - CORRECT ✔✔✔✔✔ 5 years
According to the South Carolina Code, when an insurance licensee changes his or her address,
who MUST be notified?
The National Association of Insurance Commissioners
The Insurance Agents Associations
The Department of Insurance
The Department of Labor and Industry - CORRECT ✔✔✔✔✔ The Department of Insurance
A temporary producer license can be issued in any of the following circumstances EXCEPT
surviving spouse of a producer
a prospective producer who is enrolled in an insurance pre-license class
designee of a producer entering active service in the armed services
any circumstance the Director deems to be in the public interest - CORRECT ✔✔✔✔✔ A
prospective producer who is enrolled in an insurance pre-license class.
Group dental plans will frequently place a limit on annual benefits in order to minimize
adverse selection
enrollment
coinsurance
administrative costs - CORRECT ✔✔✔✔✔ adverse selection
EXAMPREPMASTER
Florida Laws And Rules Pertinent To Insurance (NEW UPDATED
VERSION) LATEST ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED QUESTIONS AND ANSWERS) |
GUARANTEED PASS A+ [2026]
A form of medical health insurance covering the treatment and care of gum disease is called:
Medicaid
Major Medical
Franchise health policy
Dental expense insurance - CORRECT ✔✔✔✔✔ Dental expense insurance
In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a cash
surrender value of an annuity?
6 months
12 months
18 months
24 months - CORRECT ✔✔✔✔✔ 6 months
When can a policy no longer be cancelled for nonfraudulent misstatements after its date of issue?
1 year
2 years
5 years
At any time - CORRECT ✔✔✔✔✔ 2 years
Which of the following is NOT an example of inducement to purchase insurance?
A promise of employment
A gift having a value less than $25
A special favor in the payment of premiums
Giving merchandise to a client with a value of $100 - CORRECT ✔✔✔✔✔ A gift having a
value less than $25
EXAMPREPMASTER
, The Director MUST examine domestic insurers AT LEAST once every:
year
3 years
5 years
7 years - CORRECT ✔✔✔✔✔ 5 years
Page | 2
An insurer may refuse to issue a policy to a particular insurance applicant for a reason based solely
on:
medical condition
race
gender
creed - CORRECT ✔✔✔✔✔ medical condition
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March 14, 1980.
When does her license renew?
March 31, 2013
April 29, 2013
March 31, 2014
April 29, 2014 - CORRECT ✔✔✔✔✔ March 31, 2014
An insurance producer CANNOT act as an agent of an insurer until the insurance producer
becomes:
licensed
designated responsible producer
a member of the National Association of Insurance Commissioners (NAIC)
appointed by the insurer - CORRECT ✔✔✔✔✔ appointed by the insurer
A policy illustration given at time of sale does NOT typically include the:
cash value of the policy
names of the beneficiary
effective interest rate for policy loans
10th and 20th year cost surrender value - CORRECT ✔✔✔✔✔ Names of the beneficiary
Someone who sells, solicits, or negotiates insurance contracts for compensation on behalf of an
insurer is called:
an insurance broker
an insurance producer
an insurance advisor
an insurance solicitor - CORRECT ✔✔✔✔✔ an insurance producer
How many years is a producer REQUIRED to maintain transaction records of a policy?
3 years
5 years
7 years
10 years - CORRECT ✔✔✔✔✔ 5 years
According to the Affordable Care Act, what metal tier is required to have an actuarial value of 70%
with covered individuals paying 30% through deductibles, co-pays, and other cost sharing features?
Bronze Plan
EXAMPREPMASTER
, Silver Plan
Gold Plan
Platinum Plan - CORRECT ✔✔✔✔✔ Silver plan
When a life insurance policy is issued to replace another life insurance policy, which of the following
Page | 3 does NOT need to be provided to the purchaser at or before the time the policy is delivered?
Disclosure Statement
The replacing insurer's financial statements
A policy summary
A copy of the most recent buyer's guide - CORRECT ✔✔✔✔✔ The replacing insurer's
financial statements
With respect to small group health benefit plans, a carrier may discontinue coverage or may refuse
to renew such a plan if the employer:
employ fewer than 15 full-time employees
has filed for bankruptcy in the prior year
has a supplemental plan with a competing carrier
fails to pay the premium prior to the end of the grace period - CORRECT ✔✔✔✔✔ Fails to
pay the premium prior to the end of the grace period
Which one of the following statements regarding an examination of an insurer's books and records
by the Director is TRUE?
An insurer has a right to delay an examination by the Director for a period of not more than 15 days
after notification
The Director only has the authority to examine domestic insurers
Reports related to solicitors are not official records archived from insurance examinations
The insurer must not impede an examination and is required to assist in the examination
procedures - CORRECT ✔✔✔✔✔ The insurer must not impede in an examination and is
required to assist in the examination procedures.
A hospital or medical expense policy will typically cover dental treatment expenses under which
circumstance?
After the annual limit of a dental policy's coverage is reached
Dental treatment is needed to repair an injury
Cosmetic dental treatment is performed
If treatment is performed at a in-network provider - CORRECT ✔✔✔✔✔ Dental treatment is
needed to repair an injury
An insured MUST submit a proof of loss on a health insurance claim within how many days after the
date of loss?
30
60
90
120 - CORRECT ✔✔✔✔✔ 90
Other than for fraud, under the Time Limit on Certain Defenses Provision, a health insurance policy
is incontestable after it has been in force for a period of:
1 year
2 years
3 years
EXAMPREPMASTER
, 4 years - CORRECT ✔✔✔✔✔ 2 years
Under long-term care insurance, which of the following MUST an insurer offer to each policyowner
at the time of purchase?
A decrease in annual benefit levels
Page | 4 Lifetime minimum benefit levels
An inflation protection feature
Minimum benefit levels - CORRECT ✔✔✔✔✔ An inflation protection feature
An insurance producer has fiduciary responsibilities to all of the following entities EXCEPT:
insurers
insureds
applicants
the Guaranty Association - CORRECT ✔✔✔✔✔ The Guaranty Association
In South Carolina, within how many days does the free-look provision allow the insured the right to
return an individual insurance policy for full premium?
5 days
10 days
15 days
45 days - CORRECT ✔✔✔✔✔ 10 days
If an insurance agent receives compensation for giving advice to a member of the public and
properly documents the transaction and amount with a memo signed by the person paying the fee,
a copy of the memo or contract MUST be retained by the agent for AT LEAST
1 year
3 years
5 years
7 years - CORRECT ✔✔✔✔✔ 5 years
According to the South Carolina Code, when an insurance licensee changes his or her address,
who MUST be notified?
The National Association of Insurance Commissioners
The Insurance Agents Associations
The Department of Insurance
The Department of Labor and Industry - CORRECT ✔✔✔✔✔ The Department of Insurance
A temporary producer license can be issued in any of the following circumstances EXCEPT
surviving spouse of a producer
a prospective producer who is enrolled in an insurance pre-license class
designee of a producer entering active service in the armed services
any circumstance the Director deems to be in the public interest - CORRECT ✔✔✔✔✔ A
prospective producer who is enrolled in an insurance pre-license class.
Group dental plans will frequently place a limit on annual benefits in order to minimize
adverse selection
enrollment
coinsurance
administrative costs - CORRECT ✔✔✔✔✔ adverse selection
EXAMPREPMASTER
