214 FLORIDA INSURANCE EXAM LATEST
COMPREHENSIVE TEST PAPER 2026
COMPLETE ANSWERS ACCURATE
⫸ Accident Insurance Answer: A type of insurance that protects the
insured against loss due to accidental bodily injury
⫸ Accidental Bodily Injury Answer: Unplanned, unforeseen traumatic
injury to the body
⫸ Accidental Death and Dismemberment Answer: An insurance policy
which pays a specified amount or a specified multiple of the insured's
benefit if the insured dies, loses his/her sight, or loses two limbs due to
an accident
⫸ Accidental Death Benefits Answer: A policy rider that states that the
cause of death will be analyzed to determine if it complies with the
policy description of accidental death
⫸ Activities of Daily Living Answer: Activities individuals must do
every day such as moving about, getting dressed, eating, bathing, etc.
⫸ Actual Charge Answer: The amount a physician or supplier actually
bills for a particular service or supply
,⫸ Adhesion Answer: A contract offered on a "take-it-or-leave-it" basis
by an insurer, in which the insured's only option is to accept or reject the
contract. Any ambiguities in the contract will be settled in favor of the
insured
⫸ Admitted (Authorized) Insurer Answer: An insurance company
authorized and licensed to transact insurance in a particular state
⫸ Adult Day Care Answer: A program for impaired adults that attempts
to meet their health, social, and functional needs in a setting away from
their homes
⫸ Adverse Selection Answer: The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than
the risks who present lower probability
⫸ Agent Answer: An individual who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer
⫸ Aleatory Answer: A contract in which participating parties exchange
unequal amounts. Insurance contracts are this in that the amount the
insured will pay in premiums is unequal to the amount the insurer will
pay in the event of a loss
⫸ Alien Insurer Answer: An insurance company that is incorporated
outside the USA
, ⫸ Apparent Authority Answer: The appearance or the assumption of
authority based on the actions, words, or deeds of the principal or
because of circumstances the principal created
⫸ Approved Amount Answer: The amount Medicare determines to be
reasonable for a service that is covered under Part B of Medicare
⫸ Assignment Answer: A claim to a provider or medical supplier to
receive payments directly from Medicare
⫸ Attained Age Answer: The age of the insured at a determined date
⫸ Attending Physician's Statement (APS) Answer: A statement usually
obtained from the applicant's doctor
⫸ Avoidance Answer: A method of dealing with risk (e.g. if a person
wanted to avoid the risk of being killed in an airplane crash, he/she
might choose never to fly in a plane)
⫸ Basic Hospital Expense Insurance Answer: Coverage that provides
benefits for room, board and miscellaneous hospital expenses for a
certain number of days during a hospital stay
⫸ Basic Medical Expense Insurance Answer: Coverage for doctor
visits, x-rays, lab tests, and emergency room visits; benefits, however,
are limited to specified dollar amounts
COMPREHENSIVE TEST PAPER 2026
COMPLETE ANSWERS ACCURATE
⫸ Accident Insurance Answer: A type of insurance that protects the
insured against loss due to accidental bodily injury
⫸ Accidental Bodily Injury Answer: Unplanned, unforeseen traumatic
injury to the body
⫸ Accidental Death and Dismemberment Answer: An insurance policy
which pays a specified amount or a specified multiple of the insured's
benefit if the insured dies, loses his/her sight, or loses two limbs due to
an accident
⫸ Accidental Death Benefits Answer: A policy rider that states that the
cause of death will be analyzed to determine if it complies with the
policy description of accidental death
⫸ Activities of Daily Living Answer: Activities individuals must do
every day such as moving about, getting dressed, eating, bathing, etc.
⫸ Actual Charge Answer: The amount a physician or supplier actually
bills for a particular service or supply
,⫸ Adhesion Answer: A contract offered on a "take-it-or-leave-it" basis
by an insurer, in which the insured's only option is to accept or reject the
contract. Any ambiguities in the contract will be settled in favor of the
insured
⫸ Admitted (Authorized) Insurer Answer: An insurance company
authorized and licensed to transact insurance in a particular state
⫸ Adult Day Care Answer: A program for impaired adults that attempts
to meet their health, social, and functional needs in a setting away from
their homes
⫸ Adverse Selection Answer: The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than
the risks who present lower probability
⫸ Agent Answer: An individual who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer
⫸ Aleatory Answer: A contract in which participating parties exchange
unequal amounts. Insurance contracts are this in that the amount the
insured will pay in premiums is unequal to the amount the insurer will
pay in the event of a loss
⫸ Alien Insurer Answer: An insurance company that is incorporated
outside the USA
, ⫸ Apparent Authority Answer: The appearance or the assumption of
authority based on the actions, words, or deeds of the principal or
because of circumstances the principal created
⫸ Approved Amount Answer: The amount Medicare determines to be
reasonable for a service that is covered under Part B of Medicare
⫸ Assignment Answer: A claim to a provider or medical supplier to
receive payments directly from Medicare
⫸ Attained Age Answer: The age of the insured at a determined date
⫸ Attending Physician's Statement (APS) Answer: A statement usually
obtained from the applicant's doctor
⫸ Avoidance Answer: A method of dealing with risk (e.g. if a person
wanted to avoid the risk of being killed in an airplane crash, he/she
might choose never to fly in a plane)
⫸ Basic Hospital Expense Insurance Answer: Coverage that provides
benefits for room, board and miscellaneous hospital expenses for a
certain number of days during a hospital stay
⫸ Basic Medical Expense Insurance Answer: Coverage for doctor
visits, x-rays, lab tests, and emergency room visits; benefits, however,
are limited to specified dollar amounts
