FL Life and Health Insurance 2-15 Study Exam || Most
Recent Exam 2026-2027 Actual Complete 165 Real
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Which of the following is NOT an unfair claim settlement
practice? - ANSWER-
Needing written documentation of
claim details.
A policyowner would like to change the beneficiary on an
Accidental Death and
Dismemberment (AD&D) insurance policy and make the
change permanent.
Which type of designation would fulfill this need? -
ANSWER-Irrevocable
If an agent would like to sell Variable annuities, which state
examination must
the agent pass? - ANSWER-Life and Variable
Contracts
The Consideration clause in a life insurance contract contains
what pertinent
,information? - ANSWER-Amount of premium payments and
when they are due
Which two entities regulate variable annuities? - ANSWER-
Department of
Financial Services; and Securities Exchange
Commission
The waiting period for a pre-existing condition under a
Medicare Supplement
policy may NOT go beyond - ANSWER-
6 months
Which of the following statements is true about most Blue
Cross/Blue Shield
organizations? - ANSWER-They are nonprofit
organizations
Which of the following does Social Security NOT provide
benefits for? -
ANSWER-
Dismemberment
Which requirement must be met for an association to be eligible
for a group life
plan? - ANSWER-Group was formed for a purpose other
than acquiring
insurance
,V is insured under an individual Disability Income policy with a
30-day Elimination period. On July 1, he is involved in an
accident and temporarily disabled. He returns to work on
December 1. How many months of benefit are payable? -
ANSWER-4 months
Medicare Part C is: - ANSWER-available to those who are
enrolled in Medicare
Part A and
Part B
Which of the following statements about a Guaranteed
Renewable Health Insurance policy is CORRECT? - ANSWER-
Premiums normally increase at the time of renewal
What type of life insurance gives the greatest amount of
coverage for a limited
period of time? - ANSWER-
Term life
Which of the following information is NOT required to be
included in a Whole
Life policy? - ANSWER-Policy's guaranteed
dividend table
Which health policy clause specifies the amount of
benefits to be paid? -
ANSWER-
Insuring
, A life insurance policy would be considered a wagering
contract WITHOUT: -
ANSWER-insurable
interest
An insurance company can contest a life insurance contract
due to application
fraud within - ANSWER-2
years
An individual Disability Income insurance applicant may be
required to submit
all of the following information, EXCEPT: - ANSWER-
Spouse's occupation
In Florida, deceptive advertising is considered to be -
ANSWER-a form of
misrepresentation.
Which of the following Life insurance policies combine term
insurance with an
investment element? - ANSWER-
Universal Life
A 15-year mortgage is best protected by what kind of life policy?
- ANSWER-15-
year decreasing
term
Recent Exam 2026-2027 Actual Complete 165 Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed
Success!! Just Released | Brand New Exam!!
Which of the following is NOT an unfair claim settlement
practice? - ANSWER-
Needing written documentation of
claim details.
A policyowner would like to change the beneficiary on an
Accidental Death and
Dismemberment (AD&D) insurance policy and make the
change permanent.
Which type of designation would fulfill this need? -
ANSWER-Irrevocable
If an agent would like to sell Variable annuities, which state
examination must
the agent pass? - ANSWER-Life and Variable
Contracts
The Consideration clause in a life insurance contract contains
what pertinent
,information? - ANSWER-Amount of premium payments and
when they are due
Which two entities regulate variable annuities? - ANSWER-
Department of
Financial Services; and Securities Exchange
Commission
The waiting period for a pre-existing condition under a
Medicare Supplement
policy may NOT go beyond - ANSWER-
6 months
Which of the following statements is true about most Blue
Cross/Blue Shield
organizations? - ANSWER-They are nonprofit
organizations
Which of the following does Social Security NOT provide
benefits for? -
ANSWER-
Dismemberment
Which requirement must be met for an association to be eligible
for a group life
plan? - ANSWER-Group was formed for a purpose other
than acquiring
insurance
,V is insured under an individual Disability Income policy with a
30-day Elimination period. On July 1, he is involved in an
accident and temporarily disabled. He returns to work on
December 1. How many months of benefit are payable? -
ANSWER-4 months
Medicare Part C is: - ANSWER-available to those who are
enrolled in Medicare
Part A and
Part B
Which of the following statements about a Guaranteed
Renewable Health Insurance policy is CORRECT? - ANSWER-
Premiums normally increase at the time of renewal
What type of life insurance gives the greatest amount of
coverage for a limited
period of time? - ANSWER-
Term life
Which of the following information is NOT required to be
included in a Whole
Life policy? - ANSWER-Policy's guaranteed
dividend table
Which health policy clause specifies the amount of
benefits to be paid? -
ANSWER-
Insuring
, A life insurance policy would be considered a wagering
contract WITHOUT: -
ANSWER-insurable
interest
An insurance company can contest a life insurance contract
due to application
fraud within - ANSWER-2
years
An individual Disability Income insurance applicant may be
required to submit
all of the following information, EXCEPT: - ANSWER-
Spouse's occupation
In Florida, deceptive advertising is considered to be -
ANSWER-a form of
misrepresentation.
Which of the following Life insurance policies combine term
insurance with an
investment element? - ANSWER-
Universal Life
A 15-year mortgage is best protected by what kind of life policy?
- ANSWER-15-
year decreasing
term
