Xcel State
Florida Life and Health State Exam Simulator
Questions with Correct Answers 2025
Which of the following statements about guaranteed renewable health insurance
policy is correct? -Correct Answer ✔Premiums normally increase at the time of
renewal.
The issuer must provide a perspective buyer with an? -Correct Answer ✔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? -Correct Answer ✔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? -Correct
Answer ✔Monthly
Which of the following is the most important factor when deciding how much
disability income coverage an applicant should purchase? -Correct Answer
✔Applicants monthly income
Which two entitles regulate variable annuities? -Correct Answer ✔Department of
Financial Services; Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? -Correct Answer
✔The insured's total loan value
The provision that can be used to put on insurance policy back in force after it has
lapsed due to nonpayment is called? -Correct Answer ✔Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum
of money through an insurance company? -Correct Answer ✔Annuity
According to Florida law, a group life insurance policy requires a minimum how
many insureds? -Correct Answer ✔No minimum
Xcel State
,Xcel State
Multiple employer welfare arrangement (MEWA) provides what type of benefits?
-Correct Answer ✔Insurance
In a qualified retirement plan, the yearly contributions to an employee's account? -
Correct Answer ✔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? -Correct Answer ✔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? -Correct Answer ✔The policyowner
On delivery of policy, a signed statement of good health is typically request if? -
Correct Answer ✔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? -Correct Answer ✔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.? -Correct Answer ✔Full face amount minus any past due premiums
A business overhead expens policy would cover which of the following if a
business owner becomes disabled? -Correct Answer ✔Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance
coverage continuation act (Mini COBRA)? -Correct Answer ✔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? -Correct Answer ✔36 months (under
COBRA)
Xcel State
, Xcel State
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? -Correct Answer ✔Coercion
An employer that offers a qualified retirement plan to its employees is eligible to? -
Correct Answer ✔Make tax-deductible contribution to the plan
Which of the following employees may not be excluded from the group life plan? -
Correct Answer ✔Full-time employees after the probation period.
When is the face amount of a whole life policy paid? -Correct Answer ✔When the
insured dies or at the policies maturity date whichever happens first.
Major medical policies typically? -Correct Answer ✔Contain deductible and
coinsurance
Which of the following provisions is not required in HMO contracts certificates? -
Correct Answer ✔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? -Correct Answer ✔Madicaid
On insured pays premium on an annual basis for an individual health insurance
policy. What is the minimum number of days for the grace period Provision? -
Correct Answer ✔31
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent? -Correct Answer ✔Only if the child is
incapable of employment and chiefly depend on the policy owner
P is producer who notice five questions on the life application where not answer.
What action would P take? -Correct Answer ✔Set up meeting with the applicant to
answer the remaining questions
K becomes ill after traveling overseas and is unable to work for three months, what
kind of policy would cover her loss of income? -Correct Answer ✔Disability
income
Xcel State
Florida Life and Health State Exam Simulator
Questions with Correct Answers 2025
Which of the following statements about guaranteed renewable health insurance
policy is correct? -Correct Answer ✔Premiums normally increase at the time of
renewal.
The issuer must provide a perspective buyer with an? -Correct Answer ✔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? -Correct Answer ✔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? -Correct
Answer ✔Monthly
Which of the following is the most important factor when deciding how much
disability income coverage an applicant should purchase? -Correct Answer
✔Applicants monthly income
Which two entitles regulate variable annuities? -Correct Answer ✔Department of
Financial Services; Securities Exchange Commission.
The amount of coverage on a group life policy is limited to? -Correct Answer
✔The insured's total loan value
The provision that can be used to put on insurance policy back in force after it has
lapsed due to nonpayment is called? -Correct Answer ✔Reinstatement
Which product would best serve a retired individual looking to invest a lump-sum
of money through an insurance company? -Correct Answer ✔Annuity
According to Florida law, a group life insurance policy requires a minimum how
many insureds? -Correct Answer ✔No minimum
Xcel State
,Xcel State
Multiple employer welfare arrangement (MEWA) provides what type of benefits?
-Correct Answer ✔Insurance
In a qualified retirement plan, the yearly contributions to an employee's account? -
Correct Answer ✔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? -Correct Answer ✔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? -Correct Answer ✔The policyowner
On delivery of policy, a signed statement of good health is typically request if? -
Correct Answer ✔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? -Correct Answer ✔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.? -Correct Answer ✔Full face amount minus any past due premiums
A business overhead expens policy would cover which of the following if a
business owner becomes disabled? -Correct Answer ✔Utilities and office rent
Employers with less then —— employees are affected by Florida health insurance
coverage continuation act (Mini COBRA)? -Correct Answer ✔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? -Correct Answer ✔36 months (under
COBRA)
Xcel State
, Xcel State
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? -Correct Answer ✔Coercion
An employer that offers a qualified retirement plan to its employees is eligible to? -
Correct Answer ✔Make tax-deductible contribution to the plan
Which of the following employees may not be excluded from the group life plan? -
Correct Answer ✔Full-time employees after the probation period.
When is the face amount of a whole life policy paid? -Correct Answer ✔When the
insured dies or at the policies maturity date whichever happens first.
Major medical policies typically? -Correct Answer ✔Contain deductible and
coinsurance
Which of the following provisions is not required in HMO contracts certificates? -
Correct Answer ✔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? -Correct Answer ✔Madicaid
On insured pays premium on an annual basis for an individual health insurance
policy. What is the minimum number of days for the grace period Provision? -
Correct Answer ✔31
Upon reaching the limiting age, a handicapped child can extend their health
insurance coverage as a dependent? -Correct Answer ✔Only if the child is
incapable of employment and chiefly depend on the policy owner
P is producer who notice five questions on the life application where not answer.
What action would P take? -Correct Answer ✔Set up meeting with the applicant to
answer the remaining questions
K becomes ill after traveling overseas and is unable to work for three months, what
kind of policy would cover her loss of income? -Correct Answer ✔Disability
income
Xcel State
