FLORIDA LIFE AND HEALTH
INSURANCE FINAL EXAM 2026
STUDY GUIDE TEST PAPER
QUESTIONS AND SOLUTIONS
GRADED A+
◉ All of the following entries are classified under the four principal
areas of Florida Insurance Law EXCEPT: Answer: An agent's
commission
◉ Which of the following factors is NOT considered when the
Department of Financial Services determines if an agent's home is an
insurance agency? Answer: The amount of premium collected at this
location
◉ Florida requires that an insurance agent must complete __ hours of
continuing education on the subject of law and ethics every two years.
Answer: 5
◉ Agents that have been licensed for less than 6 years must complete __
hours of continuing education every two years. Answer: 24
◉ A licensed agent must be appointed by an insurance company to
solicit insurance in Florida. The agent's license will terminate if a certain
period of time elapses without being appointed. How long is this period
of time? Answer: 48 months
, ◉ What is the maximum percentage of controlled business an agent may
produce? Answer: 50%
◉ A group plan was recently terminated. In Florida, how many days are
covered individuals guaranteed coverage after a group plan's
termination? Answer: 31 days
◉ The Financial Services Commission may hold hearings... Answer: For
any reason deemed necessary
◉ In Florida, an insurer domiciled and incorporated in this state is
called: Answer: Domestic Company
◉ According to Florida Law, which of the following statements
accurately describes an admitted mail order insurance company?
Answer: It may solicit insurance business by mail without the assistance
of a licensed agent
◉ According to Florida Law, an additional lapse notice must be issued
after the standard grace period has expired for policyowners age...
Answer: 64 years or older
◉ Which action could result in a hearing being ordered by the
Department of Financial Services? Answer: Performing insurance
transactions without a license
INSURANCE FINAL EXAM 2026
STUDY GUIDE TEST PAPER
QUESTIONS AND SOLUTIONS
GRADED A+
◉ All of the following entries are classified under the four principal
areas of Florida Insurance Law EXCEPT: Answer: An agent's
commission
◉ Which of the following factors is NOT considered when the
Department of Financial Services determines if an agent's home is an
insurance agency? Answer: The amount of premium collected at this
location
◉ Florida requires that an insurance agent must complete __ hours of
continuing education on the subject of law and ethics every two years.
Answer: 5
◉ Agents that have been licensed for less than 6 years must complete __
hours of continuing education every two years. Answer: 24
◉ A licensed agent must be appointed by an insurance company to
solicit insurance in Florida. The agent's license will terminate if a certain
period of time elapses without being appointed. How long is this period
of time? Answer: 48 months
, ◉ What is the maximum percentage of controlled business an agent may
produce? Answer: 50%
◉ A group plan was recently terminated. In Florida, how many days are
covered individuals guaranteed coverage after a group plan's
termination? Answer: 31 days
◉ The Financial Services Commission may hold hearings... Answer: For
any reason deemed necessary
◉ In Florida, an insurer domiciled and incorporated in this state is
called: Answer: Domestic Company
◉ According to Florida Law, which of the following statements
accurately describes an admitted mail order insurance company?
Answer: It may solicit insurance business by mail without the assistance
of a licensed agent
◉ According to Florida Law, an additional lapse notice must be issued
after the standard grace period has expired for policyowners age...
Answer: 64 years or older
◉ Which action could result in a hearing being ordered by the
Department of Financial Services? Answer: Performing insurance
transactions without a license
