14 August 2026
Florida Insurance Exam Latest 2026 Actual EXAM
150 Questions and Verified Answers (Latest 2026
/ 2027 Update) A+ Grade 100% Guarantee Verified
by Experts
The clause identifying which losses resulting from an accident or sickness are insured by the policy
is called the: - correct answer-Insuring clause
On August 6, D submitted an application for a $50,000 Life Insurance policy and did not pay the
initial premium. On August 18, D went to his doctor complaining of chest pains and some tests
were given by the doctor. The life policy was delivered by the producer on August 20 and D
explains what had recently taken place with the doctor. What action should the producer then
take? - correct answer-Collect initial premium along with a signed health statement
A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of
the policy's face value. - correct answer-viatical settlement provider
According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare
Supplement applicant? - correct answer-At the time of application
Which of the following statements about accumulated interest earned on dividends from an
insurance policy is TRUE? - correct answer-It is taxed as ordinary income
The automatic premium loan provision is designed to: - correct answer-avoid a policy lapse
A term life insurance policy matures: - correct answer-upon the insured's death during the term of
the policy
What kind of insurance policy supplies an income stream over a set period of time that starts when
the insured dies? - correct answer-Family Maintenance Policy
The guarantee of insurability option provides a long-term care policyowner the ability to: - correct
answer-buy additional coverage at a later date
, 30 July 2026
When determining the monthly benefit amount for a Disability Income policy, the factor that limits
the amount a prospective insured may purchase is: - correct answer-income
Periodic health claim payments MUST be made at least: - correct answer-monthly
Which type of plan allows an employer to give money to an employee for buying a life insurance
policy and also permits the employee to select the beneficiary? - correct answer-Split-dollar plan
T is an agent and when hired, is reminded that he has a responsibility to handle clients' funds in an
honest and ethical manner. This responsibility is referred to as - correct answer-fiduciary
responsibility
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
answerCoercion
An example of unfair discrimination would be - correct answer-offering different terms of coverage
for different policyowners having the same risk classification
Which of the following is a characteristic of a variable annuity? - correct answer-Underlying equity
investments
A person insured under a health policy is required to give the insurance company a Notice of Claim
within how many days after a covered loss? - correct answer-Twenty
How many days does an insurance company have to reject a reinstatement application before it is
automatically reinstated? - correct answer-45
The Life and Health Insurance Guaranty Association is - correct answer-funded by admitted
insurance companies through assessments
On January 8, an applicant filled out an application for a life insurance policy but did not include
the initial premium. The insurance company approved the application on January 14 and issued
the policy January 15. The producer delivered the policy on January 26 and collected the first
premium. When did the coverage become effective? - correct answer-January 26
Florida Insurance Exam Latest 2026 Actual EXAM
150 Questions and Verified Answers (Latest 2026
/ 2027 Update) A+ Grade 100% Guarantee Verified
by Experts
The clause identifying which losses resulting from an accident or sickness are insured by the policy
is called the: - correct answer-Insuring clause
On August 6, D submitted an application for a $50,000 Life Insurance policy and did not pay the
initial premium. On August 18, D went to his doctor complaining of chest pains and some tests
were given by the doctor. The life policy was delivered by the producer on August 20 and D
explains what had recently taken place with the doctor. What action should the producer then
take? - correct answer-Collect initial premium along with a signed health statement
A life insurance policyowner may sell their policy to a(n) _____ in order to receive a percentage of
the policy's face value. - correct answer-viatical settlement provider
According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare
Supplement applicant? - correct answer-At the time of application
Which of the following statements about accumulated interest earned on dividends from an
insurance policy is TRUE? - correct answer-It is taxed as ordinary income
The automatic premium loan provision is designed to: - correct answer-avoid a policy lapse
A term life insurance policy matures: - correct answer-upon the insured's death during the term of
the policy
What kind of insurance policy supplies an income stream over a set period of time that starts when
the insured dies? - correct answer-Family Maintenance Policy
The guarantee of insurability option provides a long-term care policyowner the ability to: - correct
answer-buy additional coverage at a later date
, 30 July 2026
When determining the monthly benefit amount for a Disability Income policy, the factor that limits
the amount a prospective insured may purchase is: - correct answer-income
Periodic health claim payments MUST be made at least: - correct answer-monthly
Which type of plan allows an employer to give money to an employee for buying a life insurance
policy and also permits the employee to select the beneficiary? - correct answer-Split-dollar plan
T is an agent and when hired, is reminded that he has a responsibility to handle clients' funds in an
honest and ethical manner. This responsibility is referred to as - correct answer-fiduciary
responsibility
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
answerCoercion
An example of unfair discrimination would be - correct answer-offering different terms of coverage
for different policyowners having the same risk classification
Which of the following is a characteristic of a variable annuity? - correct answer-Underlying equity
investments
A person insured under a health policy is required to give the insurance company a Notice of Claim
within how many days after a covered loss? - correct answer-Twenty
How many days does an insurance company have to reject a reinstatement application before it is
automatically reinstated? - correct answer-45
The Life and Health Insurance Guaranty Association is - correct answer-funded by admitted
insurance companies through assessments
On January 8, an applicant filled out an application for a life insurance policy but did not include
the initial premium. The insurance company approved the application on January 14 and issued
the policy January 15. The producer delivered the policy on January 26 and collected the first
premium. When did the coverage become effective? - correct answer-January 26
