FLORIDA LIFE AND HEALTH
INSURANCE FINAL EXAM 2026
COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
◉ G purchased a Family Income policy at age 40. The policy has a 20-
year rider period. If G were to die at age 50, how long would G's family
receive an income? Answer: 10 years
◉ E and F are business partners. Each takes out a $500,000 life
insurance policy on the other, naming himself as primary beneficiary. E
and F eventually terminate their business, and four months later E dies.
Although E was married with three children at the time of death, the
primary beneficiary is still F. However, an insurable interest no longer
exists. Where will the proceeds from E's life insurance policy be directed
to? Answer: F
◉ The Health Insurance Portability and Accountability Act (HIPAA)
gives privacy protection for: Answer: health information
◉ What do Dread Disease policies cover? Answer: A specific disease or
illness
◉ When an insurance application is taken by a producer, which of these
statements is true? Answer: Any changes made on the application
require the applicant's initials
,◉ A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? Answer: Aviation
exclusion
◉ What is the consideration given by an insurer in the Consideration
clause of a life policy? Answer: Promise to pay a death benefit to a
named beneficiary
◉ Which of the following reimburses its insureds for covered medical
expenses? Answer: Commercial insurers
◉ Under Florida law, which of the following provisions is NOT
required in a Medicare Supplement policy? Answer: Limitation on pre-
existing conditions for up to 12 months
◉ 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
◉ Major Medical policies typically: Answer: contain a deductible and
coinsurance
◉ The Life and Health Insurance Guaranty Association is Answer:
funded by admitted insurance companies through assessments
, ◉ P and Q are married and have three children. P is the primary
beneficiary on Q's Accidental Death and Dismemberment (AD&D)
policy and Q's sister R is the contingent beneficiary. P, Q, and R are
involved in a car accident and Q and R are killed instantly. The
Accidental Death benefits will be paid to: Answer: P only
◉ 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
◉ Which of the following is an example of an Unfair Trade Practice?
Answer: Coercison
◉ The Legal Actions provision of an insurance contract is designed to
do all of the following, EXCEPT: Answer: protect the producer
◉ Which of these actions should a producer take when submitting an
insurance application to an insurer? Answer: Inform insurer of relevant
information not included on the application
◉ A Health Reimbursement Arrangement MUST be established:
Answer: by the employer
INSURANCE FINAL EXAM 2026
COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
◉ G purchased a Family Income policy at age 40. The policy has a 20-
year rider period. If G were to die at age 50, how long would G's family
receive an income? Answer: 10 years
◉ E and F are business partners. Each takes out a $500,000 life
insurance policy on the other, naming himself as primary beneficiary. E
and F eventually terminate their business, and four months later E dies.
Although E was married with three children at the time of death, the
primary beneficiary is still F. However, an insurable interest no longer
exists. Where will the proceeds from E's life insurance policy be directed
to? Answer: F
◉ The Health Insurance Portability and Accountability Act (HIPAA)
gives privacy protection for: Answer: health information
◉ What do Dread Disease policies cover? Answer: A specific disease or
illness
◉ When an insurance application is taken by a producer, which of these
statements is true? Answer: Any changes made on the application
require the applicant's initials
,◉ A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? Answer: Aviation
exclusion
◉ What is the consideration given by an insurer in the Consideration
clause of a life policy? Answer: Promise to pay a death benefit to a
named beneficiary
◉ Which of the following reimburses its insureds for covered medical
expenses? Answer: Commercial insurers
◉ Under Florida law, which of the following provisions is NOT
required in a Medicare Supplement policy? Answer: Limitation on pre-
existing conditions for up to 12 months
◉ 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
◉ Major Medical policies typically: Answer: contain a deductible and
coinsurance
◉ The Life and Health Insurance Guaranty Association is Answer:
funded by admitted insurance companies through assessments
, ◉ P and Q are married and have three children. P is the primary
beneficiary on Q's Accidental Death and Dismemberment (AD&D)
policy and Q's sister R is the contingent beneficiary. P, Q, and R are
involved in a car accident and Q and R are killed instantly. The
Accidental Death benefits will be paid to: Answer: P only
◉ 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
◉ Which of the following is an example of an Unfair Trade Practice?
Answer: Coercison
◉ The Legal Actions provision of an insurance contract is designed to
do all of the following, EXCEPT: Answer: protect the producer
◉ Which of these actions should a producer take when submitting an
insurance application to an insurer? Answer: Inform insurer of relevant
information not included on the application
◉ A Health Reimbursement Arrangement MUST be established:
Answer: by the employer
