©FYNDLAY 2025 ALL RIGHTS RESERVED
Simulator- Florida Life and Health State
Exam Simulator Exam Questions and
Answers 100% Pass
Which of the following statements about guaranteed renewable health insurance policy is
correct? - ANS Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - ANS Buyers guide and policy
summary
T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What
kind of $10,000 policy should T purchase? - ANS Ten-year Endowment
According to the time payment of claims provision, the insurer must pay disability income
benefits no less frequently then which of the following options? - ANS Monthly
Which of the following is the most important factor when deciding how much disability income
coverage an applicant should purchase? - ANS Applicants monthly income
Which two entitles regulate variable annuities? - ANS Department of Financial Services;
Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - ANS The insured's total loan
value
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
The provision that can be used to put on insurance policy back in force after it has lapsed due to
nonpayment is called? - ANS Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum of money
through an insurance company? - ANS Annuity
According to Florida law, a group life insurance policy requires a minimum how many insureds?
- ANS No minimum
Multiple employer welfare arrangement (MEWA) provides what type of benefits? -
ANS Insurance
In a qualified retirement plan, the yearly contributions to an employee's account? - ANS Are
restricted to maximum level set by the IRS
All of the following entries are classified under the four principal areas of Florida insurance law
except? - ANS An agent's commission
According to Florida's life insurance replacement law, about policyowner must be provided with
the written comparison and summary statement when it's required by? - ANS The
policyowner
On delivery of policy, a signed statement of good health is typically request if? - ANS The
application was submitted without the initial premium.
K is the insured and P is the sole beneficiary on an accidental death and dismemberment
insurance policy. Both are involved in a fatal accident where K dies before P. Under the
common disaster provision, which of these statements is true? - ANS Proceeds will be paid to
P's estate
An insured is past due on his life insurance premium but is still within the grace period. What
will the beneficiary receive if the insured dies during the grace period.? - ANS Full face
amount minus any past due premiums
©FYNDLAY 2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - ANS Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - ANS 20
S is employer by large corporation that provides group health coverage for its employees and
their dependents. If S dies, The company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how many months on the cobra
regulations? - ANS 36 months (under COBRA)
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? -
ANS Coercion
An employer that offers a qualified retirement plan to its employees is eligible to? -
ANS Make tax-deductible contribution to the plan
Which of the following employees may not be excluded from the group life plan? - ANS Full-
time employees after the probation period.
When is the face amount of a whole life policy paid? - ANS When the insured dies or at the
policies maturity date whichever happens first.
Major medical policies typically? - ANS Contain deductible and coinsurance
Which of the following provisions is not required in HMO contracts certificates? - ANS Seven-
day grace period
The health insurance program which is administrated by each state and founded by both the
federal and state government is called? - ANS Madicaid
©FYNDLAY 3
Simulator- Florida Life and Health State
Exam Simulator Exam Questions and
Answers 100% Pass
Which of the following statements about guaranteed renewable health insurance policy is
correct? - ANS Premiums normally increase at the time of renewal.
The issuer must provide a perspective buyer with an? - ANS Buyers guide and policy
summary
T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What
kind of $10,000 policy should T purchase? - ANS Ten-year Endowment
According to the time payment of claims provision, the insurer must pay disability income
benefits no less frequently then which of the following options? - ANS Monthly
Which of the following is the most important factor when deciding how much disability income
coverage an applicant should purchase? - ANS Applicants monthly income
Which two entitles regulate variable annuities? - ANS Department of Financial Services;
Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? - ANS The insured's total loan
value
©FYNDLAY 1
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
The provision that can be used to put on insurance policy back in force after it has lapsed due to
nonpayment is called? - ANS Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum of money
through an insurance company? - ANS Annuity
According to Florida law, a group life insurance policy requires a minimum how many insureds?
- ANS No minimum
Multiple employer welfare arrangement (MEWA) provides what type of benefits? -
ANS Insurance
In a qualified retirement plan, the yearly contributions to an employee's account? - ANS Are
restricted to maximum level set by the IRS
All of the following entries are classified under the four principal areas of Florida insurance law
except? - ANS An agent's commission
According to Florida's life insurance replacement law, about policyowner must be provided with
the written comparison and summary statement when it's required by? - ANS The
policyowner
On delivery of policy, a signed statement of good health is typically request if? - ANS The
application was submitted without the initial premium.
K is the insured and P is the sole beneficiary on an accidental death and dismemberment
insurance policy. Both are involved in a fatal accident where K dies before P. Under the
common disaster provision, which of these statements is true? - ANS Proceeds will be paid to
P's estate
An insured is past due on his life insurance premium but is still within the grace period. What
will the beneficiary receive if the insured dies during the grace period.? - ANS Full face
amount minus any past due premiums
©FYNDLAY 2
, ©FYNDLAY 2025 ALL RIGHTS RESERVED
A business overhead expens policy would cover which of the following if a business owner
becomes disabled? - ANS Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance coverage
continuation act (Mini COBRA)? - ANS 20
S is employer by large corporation that provides group health coverage for its employees and
their dependents. If S dies, The company must allow his surviving spouse and dependents to
continue their group health coverage for a maximum of how many months on the cobra
regulations? - ANS 36 months (under COBRA)
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? -
ANS Coercion
An employer that offers a qualified retirement plan to its employees is eligible to? -
ANS Make tax-deductible contribution to the plan
Which of the following employees may not be excluded from the group life plan? - ANS Full-
time employees after the probation period.
When is the face amount of a whole life policy paid? - ANS When the insured dies or at the
policies maturity date whichever happens first.
Major medical policies typically? - ANS Contain deductible and coinsurance
Which of the following provisions is not required in HMO contracts certificates? - ANS Seven-
day grace period
The health insurance program which is administrated by each state and founded by both the
federal and state government is called? - ANS Madicaid
©FYNDLAY 3
