FLORIDA LIFE AND HEALTH
INSURANCE FINAL EXAM 2026
EXAMINATION TEST SOLVED
QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ Failure to notify address change results in? Answer: $250 fine
◉ Which rider would not increase the premium? Answer: Impairment
rider
◉ Code of ethics agents must submit application to who? Answer: The
prospective insured and insurer
◉ Certificate of Authority equivalent to what? Answer: Insurance
license
◉ LTC shoppers guide is provided by who? Answer: NAIC- prior to
application
◉ Annually Renewable term policies provide a level death benefit for a
premium that does what? Answer: Increases annually
◉ USA act 2001 Answer: defends terrorism
, ◉ Universal Life- Option A- Answer: level death benefit
◉ Universal Life- Option B- Answer: increasing death benefit
◉ Adjustable life Answer: Term or permanent coverage
◉ Return of premium Answer: increasing term policy
◉ Interest Sensitive Whole Life Answer: "Current Assumption Whole
Life"- Premiums vary to reflect the insurer's changing assumptions with
regard to death investment and expense factors.
◉ What policy generates immediate cash value? Answer: Single
Premium
◉ Domestic insurer issuing variable contracts must establish one more ?
Answer: Separate accounts
◉ What component decreases in decreasing term? Answer: face amount
◉ Decreasing term is what type of policy Answer: Level policy
◉ What characteristic makes whole life protection permanent? Answer:
Coverage until death or age 100
INSURANCE FINAL EXAM 2026
EXAMINATION TEST SOLVED
QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ Failure to notify address change results in? Answer: $250 fine
◉ Which rider would not increase the premium? Answer: Impairment
rider
◉ Code of ethics agents must submit application to who? Answer: The
prospective insured and insurer
◉ Certificate of Authority equivalent to what? Answer: Insurance
license
◉ LTC shoppers guide is provided by who? Answer: NAIC- prior to
application
◉ Annually Renewable term policies provide a level death benefit for a
premium that does what? Answer: Increases annually
◉ USA act 2001 Answer: defends terrorism
, ◉ Universal Life- Option A- Answer: level death benefit
◉ Universal Life- Option B- Answer: increasing death benefit
◉ Adjustable life Answer: Term or permanent coverage
◉ Return of premium Answer: increasing term policy
◉ Interest Sensitive Whole Life Answer: "Current Assumption Whole
Life"- Premiums vary to reflect the insurer's changing assumptions with
regard to death investment and expense factors.
◉ What policy generates immediate cash value? Answer: Single
Premium
◉ Domestic insurer issuing variable contracts must establish one more ?
Answer: Separate accounts
◉ What component decreases in decreasing term? Answer: face amount
◉ Decreasing term is what type of policy Answer: Level policy
◉ What characteristic makes whole life protection permanent? Answer:
Coverage until death or age 100
