FLORIDA HEALTH AND LIFE
INSURANCE STATE EXAM 150+
PRACTICE QUESTIONS AND
CORRECT ANSWERS 2024/2025
GRADED A+.
, 1. Which Accident and Health policy provision addresses preexisting condi-tions?: Time Limit on Certain
Defenses
2. Which of the following individual health insurance policies will provide thebroadest protection?: Major
Medical
3. Which of the following situations does NOT apply to the Florida Replace- ment Rule?: An existing policyholder
purchases an additional policy from the sameinsurer
4. 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?: Returnto the customer, collect a new check
made out to the insurance company, and sendthe new check out to the insurance company
5. Under which of the following circumstances will the benefits under COBRA continuation coverage end?: All
group health plans are terminated by the employ-er
6. 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 changethe premium rate for the overall risk class?: Garunteed Renewable
7. An incomplete life insurance application submitted to an insurer will resultin which of these actions?:
Application will be returned to the writting agent
8. The waiting period for a pre-existing condition under a Medicare Supple-ment policy may NOT go beyond:
6 Months
9. Which of these statements is INCORRECT regarding the federal income taxtreatment of life insurance?: Entire
cash surrender value is taxable
10. Which of these is considered a mandatory provision?: Payment of Claims
11. Which of the following actions will an insurance company most likely NOT take if an applicant, who has
diabetes, applies for a Disability Incomepolicy?: Issue the policy with an altered Time of Payment of Claims
provision
12. Which of the following phrases refers to the fees charged by a healthcareprofessional?: Usual, customary, and
reasonable expenses
13. 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 Exclu- sion clause. How much will D's beneficiary's receive?: The full
face amount
14. N is covered under an individual Disability policy with a 30-day Eliminationperiod and a monthly benefit of
$500. N is totally disabled for 3 1/2 months. N's total benefit received on this claim is:: $1,250
No benefits are available during the elimination period.
INSURANCE STATE EXAM 150+
PRACTICE QUESTIONS AND
CORRECT ANSWERS 2024/2025
GRADED A+.
, 1. Which Accident and Health policy provision addresses preexisting condi-tions?: Time Limit on Certain
Defenses
2. Which of the following individual health insurance policies will provide thebroadest protection?: Major
Medical
3. Which of the following situations does NOT apply to the Florida Replace- ment Rule?: An existing policyholder
purchases an additional policy from the sameinsurer
4. 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?: Returnto the customer, collect a new check
made out to the insurance company, and sendthe new check out to the insurance company
5. Under which of the following circumstances will the benefits under COBRA continuation coverage end?: All
group health plans are terminated by the employ-er
6. 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 changethe premium rate for the overall risk class?: Garunteed Renewable
7. An incomplete life insurance application submitted to an insurer will resultin which of these actions?:
Application will be returned to the writting agent
8. The waiting period for a pre-existing condition under a Medicare Supple-ment policy may NOT go beyond:
6 Months
9. Which of these statements is INCORRECT regarding the federal income taxtreatment of life insurance?: Entire
cash surrender value is taxable
10. Which of these is considered a mandatory provision?: Payment of Claims
11. Which of the following actions will an insurance company most likely NOT take if an applicant, who has
diabetes, applies for a Disability Incomepolicy?: Issue the policy with an altered Time of Payment of Claims
provision
12. Which of the following phrases refers to the fees charged by a healthcareprofessional?: Usual, customary, and
reasonable expenses
13. 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 Exclu- sion clause. How much will D's beneficiary's receive?: The full
face amount
14. N is covered under an individual Disability policy with a 30-day Eliminationperiod and a monthly benefit of
$500. N is totally disabled for 3 1/2 months. N's total benefit received on this claim is:: $1,250
No benefits are available during the elimination period.
