214 FLORIDA INSURANCE EXAM LATEST
FINAL STUDY GUIDE 2026 SOLVED
QUESTIONS FULLY CORRECT
⫸ A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. Answer:
noncontributory
⫸ If a disabled worker covered under Social Security disability benefits
recovers and then is disabled again within five years, a new waiting
period is required before benefits begin again. Answer: FALSE
⫸ Robert had an accident and qualified for Social Security disability.
Given the waiting period, when will Robert begin to receive benefits?
Answer: After 5 months
⫸ The Insuring Clause includes all of the following EXCEPT the
Answer: beneficiary
⫸ Mutualization occurs when a stock company turns to a __________
company. Answer: mutual
⫸ To provide a safeguard for insureds, most major medical policies
contain a ____________ feature that limits the insured's out-of-pocket
expenses. Answer: stop-loss
,⫸ Tom is a newly appointed life, health and variable annuity agent with
Acme Insurance Agency. He is writing his first insurance policy on his
brother-in-law's life. Who does Tom legally represent in this
transaction? Answer: Acme Insurance Agency
⫸ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to. Answer: both the insurer and the insured
⫸ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. Answer:
FALSE
⫸ Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records? Answer: An examination
can be conducted at any time to discover any unfair trade practices.
⫸ Bill gives Jim a couple of tickets to a Florida Gators game to thank
him for purchasing a policy. This is an example of: Answer: rebating
⫸ ____________ term insurance provides a level amount of protection
for a specified period, after which the policy expires. Answer: Level
⫸ Business overhead expense (B.O.E.) insurance does not provide
benefits to cover the business owner's salary. Answer: TRUE
, ⫸ Level, decreasing, and increasing insurance are all basic forms of
____________ insurance. Answer: term
⫸ Hospice services are covered under Medicare Part A. Answer: TRUE
⫸ Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners. Answer: TRUE
⫸ Deductibles under a group major medical plan usually run from $250
to $500; whereas individual health plans usually run from: Answer:
$1,000 plus.
⫸ Every HMO subscriber must receive a benefits package that includes
a copy of the HMO contract and certificate, and: Answer: a member's
handbook.
⫸ A life insurance policy will not be reinstated if it has been: Answer:
surrendered for its cash value.
⫸ Which of the following is NOT a type of permanent life insurance?
Answer: Term Life
⫸ In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance. Answer: parent or legal guardian
FINAL STUDY GUIDE 2026 SOLVED
QUESTIONS FULLY CORRECT
⫸ A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. Answer:
noncontributory
⫸ If a disabled worker covered under Social Security disability benefits
recovers and then is disabled again within five years, a new waiting
period is required before benefits begin again. Answer: FALSE
⫸ Robert had an accident and qualified for Social Security disability.
Given the waiting period, when will Robert begin to receive benefits?
Answer: After 5 months
⫸ The Insuring Clause includes all of the following EXCEPT the
Answer: beneficiary
⫸ Mutualization occurs when a stock company turns to a __________
company. Answer: mutual
⫸ To provide a safeguard for insureds, most major medical policies
contain a ____________ feature that limits the insured's out-of-pocket
expenses. Answer: stop-loss
,⫸ Tom is a newly appointed life, health and variable annuity agent with
Acme Insurance Agency. He is writing his first insurance policy on his
brother-in-law's life. Who does Tom legally represent in this
transaction? Answer: Acme Insurance Agency
⫸ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to. Answer: both the insurer and the insured
⫸ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. Answer:
FALSE
⫸ Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records? Answer: An examination
can be conducted at any time to discover any unfair trade practices.
⫸ Bill gives Jim a couple of tickets to a Florida Gators game to thank
him for purchasing a policy. This is an example of: Answer: rebating
⫸ ____________ term insurance provides a level amount of protection
for a specified period, after which the policy expires. Answer: Level
⫸ Business overhead expense (B.O.E.) insurance does not provide
benefits to cover the business owner's salary. Answer: TRUE
, ⫸ Level, decreasing, and increasing insurance are all basic forms of
____________ insurance. Answer: term
⫸ Hospice services are covered under Medicare Part A. Answer: TRUE
⫸ Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners. Answer: TRUE
⫸ Deductibles under a group major medical plan usually run from $250
to $500; whereas individual health plans usually run from: Answer:
$1,000 plus.
⫸ Every HMO subscriber must receive a benefits package that includes
a copy of the HMO contract and certificate, and: Answer: a member's
handbook.
⫸ A life insurance policy will not be reinstated if it has been: Answer:
surrendered for its cash value.
⫸ Which of the following is NOT a type of permanent life insurance?
Answer: Term Life
⫸ In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance. Answer: parent or legal guardian
