FLORIDA INSURANCE ACTUAL EXAM
2026 ALL QUESTIONS AND CORRECT
DETAILED ANSWERS | ALREADY A
GRADED | NEW AND REVISED
According to Florida law, which of the following information does NOT
need to be obtained by an agent recommending an annuity purchase? -
ANSWER- Marital status
Which of these characteristics is consistent with a Straight Life policy? -
ANSWER- Premiums are payable for as long as there is insurance
coverage in force
P completes an application for a $10,000 life policy, but does not give
the producer the initial premium. P's coverage becomes effective when: -
ANSWER- P receives the policy and pays the premium
On August 6, D submitted an application for a $50,000 Life Insurance
policy and did not pay the initial premium. On August 18, D went to his
doctor complaining of chest pains and some tests were given by the
doctor. The life policy was delivered by the producer on August 20 and
D explains what had recently taken place with the doctor. What action
should the producer then take? - ANSWER- Collect initial premium
along with a signed health statement
,A life insurance policyowner may sell their policy to a(n) _____ in order
to receive a percentage of the policy's face value. - ANSWER- viatical
settlement provider
According to Florida law, when must an agent deliver the Outline of
Coverage to a Medicare Supplement applicant? - ANSWER- At the time
of application
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - ANSWER- It is taxed as
ordinary income
The automatic premium loan provision is designed to: - ANSWER-
avoid a policy lapse
A term life insurance policy matures: - ANSWER- upon the insured's
death during the term of the policy
What kind of insurance policy supplies an income stream over a set
period of time that starts when the insured dies? - ANSWER- Family
Maintenance Policy
The guarantee of insurability option provides a long-term care
policyowner the ability to: - ANSWER- buy additional coverage at a
later date
, When determining the monthly benefit amount for a Disability Income
policy, the factor that limits the amount a prospective insured may
purchase is: - ANSWER- income
Periodic health claim payments MUST be made at least: - ANSWER-
monthly
Which type of plan allows an employer to give money to an employee
for buying a life insurance policy and also permits the employee to
select the beneficiary? - ANSWER- Split-dollar plan
T is an agent and when hired, is reminded that he has a responsibility to
handle clients' funds in an honest and ethical manner. This responsibility
is referred to as - ANSWER- fiduciary responsibility
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
An example of unfair discrimination would be - ANSWER- offering
different terms of coverage for different policyowners having the same
risk classification
Which of the following is a characteristic of a variable annuity? -
ANSWER- Underlying equity investments
2026 ALL QUESTIONS AND CORRECT
DETAILED ANSWERS | ALREADY A
GRADED | NEW AND REVISED
According to Florida law, which of the following information does NOT
need to be obtained by an agent recommending an annuity purchase? -
ANSWER- Marital status
Which of these characteristics is consistent with a Straight Life policy? -
ANSWER- Premiums are payable for as long as there is insurance
coverage in force
P completes an application for a $10,000 life policy, but does not give
the producer the initial premium. P's coverage becomes effective when: -
ANSWER- P receives the policy and pays the premium
On August 6, D submitted an application for a $50,000 Life Insurance
policy and did not pay the initial premium. On August 18, D went to his
doctor complaining of chest pains and some tests were given by the
doctor. The life policy was delivered by the producer on August 20 and
D explains what had recently taken place with the doctor. What action
should the producer then take? - ANSWER- Collect initial premium
along with a signed health statement
,A life insurance policyowner may sell their policy to a(n) _____ in order
to receive a percentage of the policy's face value. - ANSWER- viatical
settlement provider
According to Florida law, when must an agent deliver the Outline of
Coverage to a Medicare Supplement applicant? - ANSWER- At the time
of application
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - ANSWER- It is taxed as
ordinary income
The automatic premium loan provision is designed to: - ANSWER-
avoid a policy lapse
A term life insurance policy matures: - ANSWER- upon the insured's
death during the term of the policy
What kind of insurance policy supplies an income stream over a set
period of time that starts when the insured dies? - ANSWER- Family
Maintenance Policy
The guarantee of insurability option provides a long-term care
policyowner the ability to: - ANSWER- buy additional coverage at a
later date
, When determining the monthly benefit amount for a Disability Income
policy, the factor that limits the amount a prospective insured may
purchase is: - ANSWER- income
Periodic health claim payments MUST be made at least: - ANSWER-
monthly
Which type of plan allows an employer to give money to an employee
for buying a life insurance policy and also permits the employee to
select the beneficiary? - ANSWER- Split-dollar plan
T is an agent and when hired, is reminded that he has a responsibility to
handle clients' funds in an honest and ethical manner. This responsibility
is referred to as - ANSWER- fiduciary responsibility
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
An example of unfair discrimination would be - ANSWER- offering
different terms of coverage for different policyowners having the same
risk classification
Which of the following is a characteristic of a variable annuity? -
ANSWER- Underlying equity investments
