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214 FLORIDA INSURANCE EXAM
2025/2026 ACTUAL EXAM WITH 100%
VERIFIED ANSWERS |GUARANTEED PASS
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1. Mutual - correct answer - Which of the following insurers is
considered a participating company?
2. Analyzing risk - correct answer - Which of the following is NOT
a method of handling risk?
3. A master contract is issued by the insurer to the employer,
while employees are given certificates of insurance - correct
answer - In regards to group insurance, which of the following
statements below is correct?
4. Irrevocable designation - correct answer - Linda has decided to
make her husband John the beneficiary to her life insurance
policy. She has chosen a beneficiary designation that can only
allow her to change beneficiaries with the written consent of
her husband. This type of beneficiary designation is known as
a(n):
5. Annuity Funding Plan - correct answer - Which of the following
qualified employer retirement plans is NOT recognized as a
'defined contribution' plan?
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6. Morbidity Rate - correct answer - In reference to health
insurance, which of the following is a factor when determining
health insurance premiums?
7. The insured always receives more from the contract than the
insurer - correct answer - An insurance contract is considered
Aleatory for the following reasons EXCEPT:
8. 24 - correct answer - How many hours of continuing education
must a life and/or health insurance agent complete who has
held an insurance license for a period of less than 6 years?
9. Agents selling insurance products for an agency are not
required to be individually licensed, as long as the agency itself
is. - correct answer - Which of the following statements
regarding insurance agencies in Florida is INCORRECT?
10. Mutual/Par - correct answer - In addition to being a
policyowner, Allison shares in her insurer's success and
receives dividends from the company's annual profits. This is
because she purchased an insurance policy through a
insurer, also referred to as a company.
11. Extended term option - correct answer - Linda now owns a
$120,000 term life policy after she forfeited her whole life policy
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and reinvested its cash value. As described by her actions,
which nonforfeiture option did Linda exercise?
12. A term life policy builds cash value over the policy's term. -
correct answer - Which of the following statements describing
term life insurance is INCORRECT?
13. Fixed-period option - correct answer - In the event a whole
life policy is cancelled or lapses due to nonpayment, all of the
following nonforfeiture options are available to the policyowner
EXCEPT
14. 60 days - correct answer - If an individual wants to transfer
funds from their 401(k) plan into a Rollover IRA, what is the
maximum allowed time in order to be eligible for a tax-free
rollover?
15. 30 days - correct answer - Within what period of time must
an agent notify the Florida Department of Financial Services of
any change in address?
214 FLORIDA INSURANCE EXAM
2025/2026 ACTUAL EXAM WITH 100%
VERIFIED ANSWERS |GUARANTEED PASS
, Page | 2
1. Mutual - correct answer - Which of the following insurers is
considered a participating company?
2. Analyzing risk - correct answer - Which of the following is NOT
a method of handling risk?
3. A master contract is issued by the insurer to the employer,
while employees are given certificates of insurance - correct
answer - In regards to group insurance, which of the following
statements below is correct?
4. Irrevocable designation - correct answer - Linda has decided to
make her husband John the beneficiary to her life insurance
policy. She has chosen a beneficiary designation that can only
allow her to change beneficiaries with the written consent of
her husband. This type of beneficiary designation is known as
a(n):
5. Annuity Funding Plan - correct answer - Which of the following
qualified employer retirement plans is NOT recognized as a
'defined contribution' plan?
, Page | 3
6. Morbidity Rate - correct answer - In reference to health
insurance, which of the following is a factor when determining
health insurance premiums?
7. The insured always receives more from the contract than the
insurer - correct answer - An insurance contract is considered
Aleatory for the following reasons EXCEPT:
8. 24 - correct answer - How many hours of continuing education
must a life and/or health insurance agent complete who has
held an insurance license for a period of less than 6 years?
9. Agents selling insurance products for an agency are not
required to be individually licensed, as long as the agency itself
is. - correct answer - Which of the following statements
regarding insurance agencies in Florida is INCORRECT?
10. Mutual/Par - correct answer - In addition to being a
policyowner, Allison shares in her insurer's success and
receives dividends from the company's annual profits. This is
because she purchased an insurance policy through a
insurer, also referred to as a company.
11. Extended term option - correct answer - Linda now owns a
$120,000 term life policy after she forfeited her whole life policy
, Page | 4
and reinvested its cash value. As described by her actions,
which nonforfeiture option did Linda exercise?
12. A term life policy builds cash value over the policy's term. -
correct answer - Which of the following statements describing
term life insurance is INCORRECT?
13. Fixed-period option - correct answer - In the event a whole
life policy is cancelled or lapses due to nonpayment, all of the
following nonforfeiture options are available to the policyowner
EXCEPT
14. 60 days - correct answer - If an individual wants to transfer
funds from their 401(k) plan into a Rollover IRA, what is the
maximum allowed time in order to be eligible for a tax-free
rollover?
15. 30 days - correct answer - Within what period of time must
an agent notify the Florida Department of Financial Services of
any change in address?
