214 FLORIDA INSURANCE 2026 EXAM SCRIPT
TEST PAPER QUESTIONS AND SOLUTIONS
GRADED A+
◉ K applies for a life insurance policy on herself and submits the
initial premium with the application. She is given a receipt by the
agent stating that coverage begins immediately if the application is
approved. What kind of receipt was used?
Answer: Conditional
◉ A life insurance arrangement which circumvents insurable
interest statutes is called:
Answer: Investor-Originated Life Insurance
◉ Which of the following health policy provisions states that the
producer does NOT have the authority to change the policy or waive
any of its provisions?
Answer: Entire Contract
◉ Within how many days after policy delivery can a Medicare
Supplement policy be returned for a 100% premium refund?
Answer: 30
,◉ Which of the following is NOT an unfair claim settlement practice?
Answer: Needing written documentation of claim details
◉ Who is NOT required to sign a life insurance application?
Answer: Beneficiary
◉ To be eligible for Social Security disability benefits, an employee
must be unable to perform:
Answer: any occupation
◉ The type of annuity that can be purchased with one monetary
deposit is called a(n):
Answer: Immediate annuity
◉ A life insurance application must be signed by all of these,
EXCEPT:
Answer: beneficiary
◉ Which of the following is considered an accurate statement of an
unfair trade practice?
Answer: Twisting involves an agent using misrepresentation to
convince a policyowner to cancel their current policy so that they
can purchase a new life insurance policy with another company
, ◉ The Accelerated Death Benefit provision in a life insurance policy
is also known as a(n):
Answer: Living Benefit
◉ Which of the following policy features allows an insured to defer
current health charges to the following year's deductible instead of
the current year's deducitble?
Answer: Carryover provision
◉ Insurance policies are considered aleatory contracts because
Answer: performance is conditioned upon a future occurrence
◉ Within how many days must a licensee notify the Department of
Financial Services of a change in address?
Answer: 30
◉ Which organization was established to provide funds to protect
an insured in the event of an insurer's insolvency?
Answer: Florida Life and Health Insurance Guaranty Association
◉ The clause in an Accident and Health policy which defines the
benefit amounts the insurer will pay is called the:
TEST PAPER QUESTIONS AND SOLUTIONS
GRADED A+
◉ K applies for a life insurance policy on herself and submits the
initial premium with the application. She is given a receipt by the
agent stating that coverage begins immediately if the application is
approved. What kind of receipt was used?
Answer: Conditional
◉ A life insurance arrangement which circumvents insurable
interest statutes is called:
Answer: Investor-Originated Life Insurance
◉ Which of the following health policy provisions states that the
producer does NOT have the authority to change the policy or waive
any of its provisions?
Answer: Entire Contract
◉ Within how many days after policy delivery can a Medicare
Supplement policy be returned for a 100% premium refund?
Answer: 30
,◉ Which of the following is NOT an unfair claim settlement practice?
Answer: Needing written documentation of claim details
◉ Who is NOT required to sign a life insurance application?
Answer: Beneficiary
◉ To be eligible for Social Security disability benefits, an employee
must be unable to perform:
Answer: any occupation
◉ The type of annuity that can be purchased with one monetary
deposit is called a(n):
Answer: Immediate annuity
◉ A life insurance application must be signed by all of these,
EXCEPT:
Answer: beneficiary
◉ Which of the following is considered an accurate statement of an
unfair trade practice?
Answer: Twisting involves an agent using misrepresentation to
convince a policyowner to cancel their current policy so that they
can purchase a new life insurance policy with another company
, ◉ The Accelerated Death Benefit provision in a life insurance policy
is also known as a(n):
Answer: Living Benefit
◉ Which of the following policy features allows an insured to defer
current health charges to the following year's deductible instead of
the current year's deducitble?
Answer: Carryover provision
◉ Insurance policies are considered aleatory contracts because
Answer: performance is conditioned upon a future occurrence
◉ Within how many days must a licensee notify the Department of
Financial Services of a change in address?
Answer: 30
◉ Which organization was established to provide funds to protect
an insured in the event of an insurer's insolvency?
Answer: Florida Life and Health Insurance Guaranty Association
◉ The clause in an Accident and Health policy which defines the
benefit amounts the insurer will pay is called the:
