FLORIDA INSURANCE EXAM 150 QUESTIONS &
CORRECT ANSWERS LATEST 2026
The clause identifying which losses resulting from an accident or sickness are
insured by the policy is called the: - ANSWER-Insuring clause
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?
- ANSWER-Conditional
A life insurance arrangement which circumvents insurable interest statutes is
called: - ANSWER-Investor-Originated Life Insurance
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? -
ANSWER-Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be
returned for a 100% premium refund? - ANSWER-30
Which of the following is NOT an unfair claim settlement practice? - ANSWER-
Needing written documentation of claim details
Who is NOT required to sign a life insurance application? - ANSWER-Beneficiary
,To be eligible for Social Security disability benefits, an employee must be unable
to perform: - ANSWER-any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n):
- ANSWER-Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - ANSWER-
beneficiary
Which of the following is considered an accurate statement of an unfair trade
practice? - 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
The Accelerated Death Benefit provision in a life insurance policy is also known as
a(n): - ANSWER-Living Benefit
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? -
ANSWER-Carryover provision
Insurance policies are considered aleatory contracts because - ANSWER-
performance is conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial
Services of a change in address? - ANSWER-30
Which organization was established to provide funds to protect an insured in the
event of an insurer's insolvency? - ANSWER-Florida Life and Health Insurance
Guaranty Association
, The clause in an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the: - ANSWER-Insuring clause
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): - ANSWER-Anti-Money
Laundering violation
According to the Time Payment of Claims provision, the insurer must pay
Disability Income benefits no less frequently than which of the following options?
- ANSWER-Monthly
What would the Medical Information Bureau (MIB) identify? - ANSWER-Testing
positive for marijuana use from a previous screening
How would a contingent beneficiary receive the policy proceeds in an Accidental
Death and Dismemberment (AD&D) policy? - ANSWER-If the primary
beneficiary dies before the insured
Under a Renewable Term policy, - ANSWER-the renewal premium is calculated
on the basis of the insured's attained age
Which of the following statements is true about most Blue Cross/Blue Shield
organizations? - ANSWER-They are nonprofit organizations
If a policyowner does not pay the premium by the due date, the - ANSWER-
policyowner can make the premium payment during the grace period
CORRECT ANSWERS LATEST 2026
The clause identifying which losses resulting from an accident or sickness are
insured by the policy is called the: - ANSWER-Insuring clause
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?
- ANSWER-Conditional
A life insurance arrangement which circumvents insurable interest statutes is
called: - ANSWER-Investor-Originated Life Insurance
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? -
ANSWER-Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be
returned for a 100% premium refund? - ANSWER-30
Which of the following is NOT an unfair claim settlement practice? - ANSWER-
Needing written documentation of claim details
Who is NOT required to sign a life insurance application? - ANSWER-Beneficiary
,To be eligible for Social Security disability benefits, an employee must be unable
to perform: - ANSWER-any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n):
- ANSWER-Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - ANSWER-
beneficiary
Which of the following is considered an accurate statement of an unfair trade
practice? - 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
The Accelerated Death Benefit provision in a life insurance policy is also known as
a(n): - ANSWER-Living Benefit
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? -
ANSWER-Carryover provision
Insurance policies are considered aleatory contracts because - ANSWER-
performance is conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial
Services of a change in address? - ANSWER-30
Which organization was established to provide funds to protect an insured in the
event of an insurer's insolvency? - ANSWER-Florida Life and Health Insurance
Guaranty Association
, The clause in an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the: - ANSWER-Insuring clause
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): - ANSWER-Anti-Money
Laundering violation
According to the Time Payment of Claims provision, the insurer must pay
Disability Income benefits no less frequently than which of the following options?
- ANSWER-Monthly
What would the Medical Information Bureau (MIB) identify? - ANSWER-Testing
positive for marijuana use from a previous screening
How would a contingent beneficiary receive the policy proceeds in an Accidental
Death and Dismemberment (AD&D) policy? - ANSWER-If the primary
beneficiary dies before the insured
Under a Renewable Term policy, - ANSWER-the renewal premium is calculated
on the basis of the insured's attained age
Which of the following statements is true about most Blue Cross/Blue Shield
organizations? - ANSWER-They are nonprofit organizations
If a policyowner does not pay the premium by the due date, the - ANSWER-
policyowner can make the premium payment during the grace period
