FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
CORRECT ANSWERS ✔✔Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - CORRECT ANSWERS ✔✔adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - CORRECT ANSWERS
✔✔Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement
of age provision in regard to the payment of the death
claim? - CORRECT ANSWERS ✔✔The proceeds would
be reduced based on whatever the premium would have
been if purchased at age 59.
All of these are considered sources of underwriting
information about an applicant, EXCEPT: - CORRECT
ANSWERS ✔✔Inspection Report
,FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
According to the Mandatory Uniform Policy Provisions,
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid? - CORRECT
ANSWERS ✔✔31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - CORRECT ANSWERS ✔✔Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - CORRECT ANSWERS
✔✔A portion of the premium
Which statement regarding third-party ownership of a life
insurance policy is true? - CORRECT ANSWERS ✔✔It
is used extensively in estate planning as well as business
circumstances.
Which of the following employees may NOT be excluded
from a group life plan? - CORRECT ANSWERS ✔✔Full-
time employees after the probationary period.
,FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
Which of the following statements BEST describes what
the Legal Actions provision of an Accident and Health
policy requires? - CORRECT ANSWERS ✔✔An insured
must wait at least 60 days after Proof of Loss has been
submitted before a lawsuit can be filed.
What percentage of eligible persons must a policy cover
in a noncontributory group? - CORRECT ANSWERS
✔✔100%
What are adjustable rates for life policy loans in Florida
based on? - CORRECT ANSWERS ✔✔Moody's
corporate bond index.
An underwriter determines that a life insurance
applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n): - CORRECT
ANSWERS ✔✔exclusion for the medical condition
What is the initial requirement for an insured to become
eligible for benefits under the Waiver of Premium
provision? - CORRECT ANSWERS ✔✔Insured must be
under a physician's care
, FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
J has a Disability Income policy that does NOT provide
benefits for losses occurring as the result of his
employment. What kind of coverage is this? - CORRECT
ANSWERS ✔✔Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is
considered to be a(n) - CORRECT ANSWERS
✔✔certificate holder
According to Florida law, which of the following
information does NOT need to be obtained by an agent
recommending an annuity purchase? - CORRECT
ANSWERS ✔✔Marital status
Dividends paid from a life insurance policy are -
CORRECT ANSWERS ✔✔taxable
S takes out a health insurance policy which contains a
provision that states the agent does not have the
authority to change the policy or waive any of its
provisions. Which health policy provision is this? -
CORRECT ANSWERS ✔✔Entire Contract
Study Exam (165 questions) 2025
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
CORRECT ANSWERS ✔✔Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - CORRECT ANSWERS ✔✔adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - CORRECT ANSWERS
✔✔Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement
of age provision in regard to the payment of the death
claim? - CORRECT ANSWERS ✔✔The proceeds would
be reduced based on whatever the premium would have
been if purchased at age 59.
All of these are considered sources of underwriting
information about an applicant, EXCEPT: - CORRECT
ANSWERS ✔✔Inspection Report
,FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
According to the Mandatory Uniform Policy Provisions,
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid? - CORRECT
ANSWERS ✔✔31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - CORRECT ANSWERS ✔✔Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - CORRECT ANSWERS
✔✔A portion of the premium
Which statement regarding third-party ownership of a life
insurance policy is true? - CORRECT ANSWERS ✔✔It
is used extensively in estate planning as well as business
circumstances.
Which of the following employees may NOT be excluded
from a group life plan? - CORRECT ANSWERS ✔✔Full-
time employees after the probationary period.
,FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
Which of the following statements BEST describes what
the Legal Actions provision of an Accident and Health
policy requires? - CORRECT ANSWERS ✔✔An insured
must wait at least 60 days after Proof of Loss has been
submitted before a lawsuit can be filed.
What percentage of eligible persons must a policy cover
in a noncontributory group? - CORRECT ANSWERS
✔✔100%
What are adjustable rates for life policy loans in Florida
based on? - CORRECT ANSWERS ✔✔Moody's
corporate bond index.
An underwriter determines that a life insurance
applicant's risk should be reclassified due to a health
issue. This policy may be issued with a(n): - CORRECT
ANSWERS ✔✔exclusion for the medical condition
What is the initial requirement for an insured to become
eligible for benefits under the Waiver of Premium
provision? - CORRECT ANSWERS ✔✔Insured must be
under a physician's care
, FL Life and Health Insurance 2-15
Study Exam (165 questions) 2025
J has a Disability Income policy that does NOT provide
benefits for losses occurring as the result of his
employment. What kind of coverage is this? - CORRECT
ANSWERS ✔✔Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is
considered to be a(n) - CORRECT ANSWERS
✔✔certificate holder
According to Florida law, which of the following
information does NOT need to be obtained by an agent
recommending an annuity purchase? - CORRECT
ANSWERS ✔✔Marital status
Dividends paid from a life insurance policy are -
CORRECT ANSWERS ✔✔taxable
S takes out a health insurance policy which contains a
provision that states the agent does not have the
authority to change the policy or waive any of its
provisions. Which health policy provision is this? -
CORRECT ANSWERS ✔✔Entire Contract
