FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
Which Accident and Health policy provision addresses
preexisting conditions? - CORRECT ANSWER -Time Limit on
Certain Defenses
Which of the following individual health insurance policies will
provide the broadest protection? - CORRECT ANSWER -Major
Medical
Which of the following situations does NOT apply to the Florida
Replacement Rule? - CORRECT ANSWER -An existing
policyholder purchases an additional policy from the same
insurer
Agent J takes an application and initial premium from an
applicant and sends the application and premium check to the
insurance company. The insurance company returns the check
back to J because the check is made out to J instead of the
insurance company. What action should J take? - CORRECT
ANSWER -Return to the customer, collect a new check made out
to the insurance company, and send the new check out to the
insurance company Under which of the following circumstances
will the benefits under COBRA continuation coverage end? -
CORRECT ANSWER -All group health plans are terminated by
the employer
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
,Which type of renewability best describes a Disability Income
policy that covers an individual until the age of 65, but the
insurer has the right to change the premium rate for the overall
risk class? - CORRECT ANSWER Garunteed Renewable
An incomplete life insurance application submitted to an insurer
will result in which of these actions? - CORRECT ANSWER -
Application will be returned to the writting agent
The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond - CORRECT ANSWER
-6 Months
Which of these statements is INCORRECT regarding the federal
income tax treatment of life insurance? - CORRECT ANSWER
-Entire cash surrender value is taxable
Which of these is considered a mandatory provision? -
CORRECT
ANSWER -Payment of Claims
Which of the following actions will an insurance company most
likely NOT take if an applicant, who has diabetes, applies for a
Disability Income policy? - CORRECT ANSWER -Issue the
policy with an altered Time of
Payment of Claims provision
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
,Which of the following phrases refers to the fees charged by
a healthcare professional? - CORRECT ANSWER -Usual,
customary, and reasonable expenses
D was actively serving in the Marines when he was killed in an
automobile accident while on leave. His $100,000 Whole life
policy contains a War Exclusion clause. How much will D's
beneficiary's receive? - CORRECT ANSWER -The full face
amount
N is covered under an individual Disability policy with a 30-day
Elimination period and a monthly benefit of $500. N is totally
disabled for 3 1/2 months.
N's total benefit received on this claim is: - CORRECT
ANSWER $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or
insurance? - CORRECT ANSWER -The insurance company
Which of the following costs would a Basic Hospital/Surgical
policy likely cover? - CORRECT ANSWER -Sugically removing
a facial birthmark The federal income tax treatment of employer-
provided group Medical Expense insurance can be accurately
described as: - CORRECT
ANSWER -Employee's premiums paid by the employer is tax-
deductible to the employer as a business expenditure
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
, Premiums paid by an employer for an employee's coverage are
deductible by the employer as a buisness expense
What must the policyowner provide to the insurer for validation
that a loss has occurred? - CORRECT ANSWER -proof of loss
Association Plans that are designed to provide health benefits to
their members are regulated by the state because - CORRECT
ANSWER They are insured by and authorized insurer
Which of the following statements is CORRECT about the period
in which a Term Policy can be converted? - CORRECT
ANSWER -It varies according to contracts
When does a life insurance contract become effective if the initial
premium is not collected during the application process? -
CORRECT ANSWER When producer delives policy and collects
initial premium
A provision in a life insurance policy that pays the policyowner an
ll ll ll ll ll ll ll ll ll ll ll
amount that
ll ll
ll does not surpass the guaranteed cash value is called the: -
ll ll ll ll ll ll ll ll ll ll ll
ll CORRECT
ANSWER -Policy Loan Provision
ll ll ll ll
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
Which Accident and Health policy provision addresses
preexisting conditions? - CORRECT ANSWER -Time Limit on
Certain Defenses
Which of the following individual health insurance policies will
provide the broadest protection? - CORRECT ANSWER -Major
Medical
Which of the following situations does NOT apply to the Florida
Replacement Rule? - CORRECT ANSWER -An existing
policyholder purchases an additional policy from the same
insurer
Agent J takes an application and initial premium from an
applicant and sends the application and premium check to the
insurance company. The insurance company returns the check
back to J because the check is made out to J instead of the
insurance company. What action should J take? - CORRECT
ANSWER -Return to the customer, collect a new check made out
to the insurance company, and send the new check out to the
insurance company Under which of the following circumstances
will the benefits under COBRA continuation coverage end? -
CORRECT ANSWER -All group health plans are terminated by
the employer
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
,Which type of renewability best describes a Disability Income
policy that covers an individual until the age of 65, but the
insurer has the right to change the premium rate for the overall
risk class? - CORRECT ANSWER Garunteed Renewable
An incomplete life insurance application submitted to an insurer
will result in which of these actions? - CORRECT ANSWER -
Application will be returned to the writting agent
The waiting period for a pre-existing condition under a Medicare
Supplement policy may NOT go beyond - CORRECT ANSWER
-6 Months
Which of these statements is INCORRECT regarding the federal
income tax treatment of life insurance? - CORRECT ANSWER
-Entire cash surrender value is taxable
Which of these is considered a mandatory provision? -
CORRECT
ANSWER -Payment of Claims
Which of the following actions will an insurance company most
likely NOT take if an applicant, who has diabetes, applies for a
Disability Income policy? - CORRECT ANSWER -Issue the
policy with an altered Time of
Payment of Claims provision
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
,Which of the following phrases refers to the fees charged by
a healthcare professional? - CORRECT ANSWER -Usual,
customary, and reasonable expenses
D was actively serving in the Marines when he was killed in an
automobile accident while on leave. His $100,000 Whole life
policy contains a War Exclusion clause. How much will D's
beneficiary's receive? - CORRECT ANSWER -The full face
amount
N is covered under an individual Disability policy with a 30-day
Elimination period and a monthly benefit of $500. N is totally
disabled for 3 1/2 months.
N's total benefit received on this claim is: - CORRECT
ANSWER $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or
insurance? - CORRECT ANSWER -The insurance company
Which of the following costs would a Basic Hospital/Surgical
policy likely cover? - CORRECT ANSWER -Sugically removing
a facial birthmark The federal income tax treatment of employer-
provided group Medical Expense insurance can be accurately
described as: - CORRECT
ANSWER -Employee's premiums paid by the employer is tax-
deductible to the employer as a business expenditure
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
, Premiums paid by an employer for an employee's coverage are
deductible by the employer as a buisness expense
What must the policyowner provide to the insurer for validation
that a loss has occurred? - CORRECT ANSWER -proof of loss
Association Plans that are designed to provide health benefits to
their members are regulated by the state because - CORRECT
ANSWER They are insured by and authorized insurer
Which of the following statements is CORRECT about the period
in which a Term Policy can be converted? - CORRECT
ANSWER -It varies according to contracts
When does a life insurance contract become effective if the initial
premium is not collected during the application process? -
CORRECT ANSWER When producer delives policy and collects
initial premium
A provision in a life insurance policy that pays the policyowner an
ll ll ll ll ll ll ll ll ll ll ll
amount that
ll ll
ll does not surpass the guaranteed cash value is called the: -
ll ll ll ll ll ll ll ll ll ll ll
ll CORRECT
ANSWER -Policy Loan Provision
ll ll ll ll
FLORIDA HEALTH AND LIFE INSURANCE STATE EXAM
PRACTICE PART 1
QUESTIONS AND ANSWERS 2025
