Page 1 of 98
2025/2026 FLORIDA LAWS AND RULES PERTINENT
TO INSURANCE EXAM BANK CURRENTLY TESTING
QUESTIONS WITH CORRECT AND DETAILED
ANSWERS (VERIFIED) GUARANTEED PASS/TOP-
RATED A+.
FLORIDA LAWS AND RULES
Ace the Florida Laws and Rules Pertinent to Insurance exam
with this state-specific guide, designed to master Florida's
unique insurance regulations, ethical standards, and
compliance protocols. This resource delivers targeted practice
questions and clear explanations covering all major lines of
authority, from property and casualty to health and life
insurance statutes.
All of the following are Nonforfeiture Options EXCEPT
-Cash Surrender Option
-Extended Term Option
-Reduced Paid-Up Option
-Automatic Premium Loan Option ...... ANSWER .......
Automatic Premium Loan Option
,Page 2 of 98
What do Dread Disease policies cover? ...... ANSWER .......
a specific disease or illness
in Florida, most life insurance policies have a contestability
period of ...... ANSWER ....... 2 years
J is an agent who recently told a claimant that his rights
might be impaired if he does not complete a release form
within a specified time. What could this agent be found
guilty of? ...... ANSWER ....... coercion
Convincing a prospective insured to buy an insurance policy
based on exaggerations is called ...... ANSWER .......
misrepresentation
Upon reaching the limiting age, a handicapped child can
extend their health insurance coverage as a dependent ......
ANSWER ....... only if the child is incapable of
employment and chiefly dependent on the policyowner
Which of the following provisions is NOT required in HMO
contracts/certificates?
-Enrollment
,Page 3 of 98
-Rates shall not be excessive
-No pre-existing exclusions for children
-Seven-day grace period ...... ANSWER ....... 7 day grace
period
Which of the following is a standard provision of the
conversion privileges in a Group Life policy? ...... ANSWER
....... Group Life coverage can be converted to an
individual policy at regular rates on an attained-age basis
According to Florida Law, in which of the following situations
would a dependent handicapped child NOT be covered
under a Family Health policy?
-The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network ......
ANSWER ....... The premiums for the handicapped child
are not paid
, Page 4 of 98
An example of an unfair claims practice would be ......
ANSWER ....... failing to effectuate prompt, fair, and
equitable settlements of a claim
Under Florida law, which of the following provisions is NOT
required in a Medicare Supplement policy?
-Suitability form
-Guaranteed issue
-Free-look period of 30 days
-Limitation on pre-existing conditions for up to 12 months
...... ANSWER ....... limitation on pre-existing conditions
for up to 12 months
Which of the following areas of state regulation is NOT
protected by the savings clause in ERISA?
-Insurance
-Commerce
-Banking
-Securities ...... ANSWER ....... commerce
2025/2026 FLORIDA LAWS AND RULES PERTINENT
TO INSURANCE EXAM BANK CURRENTLY TESTING
QUESTIONS WITH CORRECT AND DETAILED
ANSWERS (VERIFIED) GUARANTEED PASS/TOP-
RATED A+.
FLORIDA LAWS AND RULES
Ace the Florida Laws and Rules Pertinent to Insurance exam
with this state-specific guide, designed to master Florida's
unique insurance regulations, ethical standards, and
compliance protocols. This resource delivers targeted practice
questions and clear explanations covering all major lines of
authority, from property and casualty to health and life
insurance statutes.
All of the following are Nonforfeiture Options EXCEPT
-Cash Surrender Option
-Extended Term Option
-Reduced Paid-Up Option
-Automatic Premium Loan Option ...... ANSWER .......
Automatic Premium Loan Option
,Page 2 of 98
What do Dread Disease policies cover? ...... ANSWER .......
a specific disease or illness
in Florida, most life insurance policies have a contestability
period of ...... ANSWER ....... 2 years
J is an agent who recently told a claimant that his rights
might be impaired if he does not complete a release form
within a specified time. What could this agent be found
guilty of? ...... ANSWER ....... coercion
Convincing a prospective insured to buy an insurance policy
based on exaggerations is called ...... ANSWER .......
misrepresentation
Upon reaching the limiting age, a handicapped child can
extend their health insurance coverage as a dependent ......
ANSWER ....... only if the child is incapable of
employment and chiefly dependent on the policyowner
Which of the following provisions is NOT required in HMO
contracts/certificates?
-Enrollment
,Page 3 of 98
-Rates shall not be excessive
-No pre-existing exclusions for children
-Seven-day grace period ...... ANSWER ....... 7 day grace
period
Which of the following is a standard provision of the
conversion privileges in a Group Life policy? ...... ANSWER
....... Group Life coverage can be converted to an
individual policy at regular rates on an attained-age basis
According to Florida Law, in which of the following situations
would a dependent handicapped child NOT be covered
under a Family Health policy?
-The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network ......
ANSWER ....... The premiums for the handicapped child
are not paid
, Page 4 of 98
An example of an unfair claims practice would be ......
ANSWER ....... failing to effectuate prompt, fair, and
equitable settlements of a claim
Under Florida law, which of the following provisions is NOT
required in a Medicare Supplement policy?
-Suitability form
-Guaranteed issue
-Free-look period of 30 days
-Limitation on pre-existing conditions for up to 12 months
...... ANSWER ....... limitation on pre-existing conditions
for up to 12 months
Which of the following areas of state regulation is NOT
protected by the savings clause in ERISA?
-Insurance
-Commerce
-Banking
-Securities ...... ANSWER ....... commerce
