FLORIDA HEALTH AND LIFE
INSURANCE EXAM WITH
CORRECT QUESTIONS AND
ANSWERS 2026
I. A characteristic of Preferred Provider Organizations (PPOs) would
be: - correct answersDiscounted fees for the patient (PPO - a group
of doctors and hospitals in a designated area contract with an
insurer to provide services at a prearranged cost to the insured)
II. A disability elimination period is best described as a: - correct
answerstime deductible
III. A Health Reimbursement Arrangement MUST be established: -
correct answersby the employer
IV. A life policy loan in Florida cannot charge a fixed rate of interest
higher than - correct answers10%
V. A life policy with a death benefit that can fluctuate according to the
performance of its underlying investment portfolio is referred to as:
- correct answersVariable Life
VI. A Multiple Employer Welfare Arrangement (MEWA) provides what
type of benefits? - correct answersInsurance
VII. A person insured under a health policy is required to give the
insurance company a Notice of Claim within how many days after a
covered loss? - correct answers20
VIII. A physician opens up a new practice and qualifies for a
$7,000/month Disability Income policy. What rider would the
physician add if he wants the ability to increase his policy benefit as
his practice and income grow? - correct answersGuaranteed
Insurability Option rider
IX. A policy loan is made possible by which of these life insurance policy
features? - correct answersCash value provision
X. A policy that becomes a Modified Endowment Contract (MEC): -
correct answerswill lose many of its tax advantages
XI. A policyowner's rights are limited under which beneficiary
designation? - correct answersIrrecovable
, XII. A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? - correct
answersAviation exclusion
XIII. A variable insurance policy: - correct answersdoes not guarantee a
return on investment accounts
XIV. A young, married teacher has two children and owns a Whole Life
policy. If the teacher wants an Increasing Death Benefit to protect
against inflation, the teacher should select which of the following
Dividend Options? - correct answersPaid-Up Additional Insurance
XV. ABC Insurance Company has accepted a life insurance application
which contains unanswered questions. The company then makes
the application part of the life contract. In this situation, the insurer
has - correct answerswaived one of its legal rights
XVI. Accidental Death coverage is provided to commercial airline
passengers in which of the following types of policies? - correct
answersBlanket Accident policy
XVII. According to Florida law, a Group Life insurance policy requires a
minimum of how many insureds? - correct answersNo minimum
XVIII. According to Florida Law, in which of the following situations would a
dependent handicapped child NOT be covered under a Family
Health policy? - correct answersThe premiums for the handicapped
child are not paid
XIX. According to Florida's rules on disclosure, a life insurance applicant
is expected to be provided with - correct answersa Buyer's Guide
and Policy Summary
XX. According to Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which
the policy remains in force even though the premium has not been
paid? - correct answers31 days
XXI. According to the Time Limit of Certain Defenses provision in an
Individual Health Insurance Policy, nonfraudulent misstatements
first become incontestable: - correct answerstwo years from the
date of the policy was issued
XXII. After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms? - correct answersFile written proof of
loss
INSURANCE EXAM WITH
CORRECT QUESTIONS AND
ANSWERS 2026
I. A characteristic of Preferred Provider Organizations (PPOs) would
be: - correct answersDiscounted fees for the patient (PPO - a group
of doctors and hospitals in a designated area contract with an
insurer to provide services at a prearranged cost to the insured)
II. A disability elimination period is best described as a: - correct
answerstime deductible
III. A Health Reimbursement Arrangement MUST be established: -
correct answersby the employer
IV. A life policy loan in Florida cannot charge a fixed rate of interest
higher than - correct answers10%
V. A life policy with a death benefit that can fluctuate according to the
performance of its underlying investment portfolio is referred to as:
- correct answersVariable Life
VI. A Multiple Employer Welfare Arrangement (MEWA) provides what
type of benefits? - correct answersInsurance
VII. A person insured under a health policy is required to give the
insurance company a Notice of Claim within how many days after a
covered loss? - correct answers20
VIII. A physician opens up a new practice and qualifies for a
$7,000/month Disability Income policy. What rider would the
physician add if he wants the ability to increase his policy benefit as
his practice and income grow? - correct answersGuaranteed
Insurability Option rider
IX. A policy loan is made possible by which of these life insurance policy
features? - correct answersCash value provision
X. A policy that becomes a Modified Endowment Contract (MEC): -
correct answerswill lose many of its tax advantages
XI. A policyowner's rights are limited under which beneficiary
designation? - correct answersIrrecovable
, XII. A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? - correct
answersAviation exclusion
XIII. A variable insurance policy: - correct answersdoes not guarantee a
return on investment accounts
XIV. A young, married teacher has two children and owns a Whole Life
policy. If the teacher wants an Increasing Death Benefit to protect
against inflation, the teacher should select which of the following
Dividend Options? - correct answersPaid-Up Additional Insurance
XV. ABC Insurance Company has accepted a life insurance application
which contains unanswered questions. The company then makes
the application part of the life contract. In this situation, the insurer
has - correct answerswaived one of its legal rights
XVI. Accidental Death coverage is provided to commercial airline
passengers in which of the following types of policies? - correct
answersBlanket Accident policy
XVII. According to Florida law, a Group Life insurance policy requires a
minimum of how many insureds? - correct answersNo minimum
XVIII. According to Florida Law, in which of the following situations would a
dependent handicapped child NOT be covered under a Family
Health policy? - correct answersThe premiums for the handicapped
child are not paid
XIX. According to Florida's rules on disclosure, a life insurance applicant
is expected to be provided with - correct answersa Buyer's Guide
and Policy Summary
XX. According to Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which
the policy remains in force even though the premium has not been
paid? - correct answers31 days
XXI. According to the Time Limit of Certain Defenses provision in an
Individual Health Insurance Policy, nonfraudulent misstatements
first become incontestable: - correct answerstwo years from the
date of the policy was issued
XXII. After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms? - correct answersFile written proof of
loss
