Florida Personal Lines Insurance Practice Exam 2026 – Verified Answers & Rationales

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Florida Insurance Exam NEWEST 2026 ACTUAL EXAM TEST- COMPLETE REAL
EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ (MOST RECENT!!)




The clause identifying which losses resulting from an accident or sickness are
insured by the policy is called the: - CORRECT ANSWER Insuring clause


QUESTION :K applies for a life insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the agent stating that
coverage begins immediately if the application is approved. What kind of receipt
was used? - CORRECT ANSWER Conditional


QUESTION :A life insurance arrangement which circumvents insurable interest
statutes is called: - CORRECT ANSWER Investor-Originated Life
Insurance


QUESTION :Which of the following health policy provisions states that the
producer does NOT have the authority to change the policy or waive any of its
provisions? - CORRECT ANSWER Entire Contract


QUESTION :Within how many days after policy delivery can a Medicare
Supplement policy be returned for a 100% premium refund? - CORRECT
ANSWER 30




2026 2027 GRADED A+

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QUESTION :Which of the following is NOT an unfair claim settlement practice? -
CORRECT ANSWER Needing written documentation of claim details


QUESTION :Who is NOT required to sign a life insurance application? -
CORRECT ANSWER Beneficiary


QUESTION :To be eligible for Social Security disability benefits, an employee
must be unable to perform: - CORRECT ANSWER any occupation


QUESTION :The type of annuity that can be purchased with one monetary
deposit is called a(n): - CORRECT ANSWER Immediate annuity


QUESTION :A life insurance application must be signed by all of these, EXCEPT: -
CORRECT ANSWER beneficiary


QUESTION :Which of the following is considered an accurate statement of an
unfair trade practice? - CORRECT ANSWER Twisting involves an agent
using misrepresentation to convince a policyowner to cancel their current policy
so that they can purchase a new life insurance policy with another company


QUESTION :The Accelerated Death Benefit provision in a life insurance policy is
also known as a(n): - CORRECT ANSWER Living Benefit


QUESTION :Which of the following policy features allows an insured to defer
current health charges to the following year's deductible instead of the current
year's deducitble? - CORRECT ANSWER Carryover provision



2026 2027 GRADED A+

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QUESTION :Insurance policies are considered aleatory contracts because -
CORRECT ANSWER performance is conditioned upon a future
occurrence


QUESTION :Within how many days must a licensee notify the Department of
Financial Services of a change in address? - CORRECT ANSWER 30


QUESTION :Which organization was established to provide funds to protect an
insured in the event of an insurer's insolvency? - CORRECT ANSWER
Florida Life and Health Insurance Guaranty Association


QUESTION :The clause in an Accident and Health policy which defines the
benefit amounts the insurer will pay is called the: - CORRECT ANSWER
Insuring clause


QUESTION :When a policyowner cash surrenders a Universal Life insurance
policy in it's early years, this may be considered a red flag for a(n): -
CORRECT ANSWER Anti-Money Laundering violation


QUESTION :According to the Time Payment of Claims provision, the insurer
must pay Disability Income benefits no less frequently than which of the
following options? - CORRECT ANSWER Monthly


QUESTION :What would the Medical Information Bureau (MIB) identify? -
CORRECT ANSWER Testing positive for marijuana use from a previous
screening


2026 2027 GRADED A+