FL Health agent 240 Exam Questions with Revised and correct
Answers for 2026/2027.
Insurers that are incorporated in another state, but doing business in this state, are
considered:
Foreign
Stock insurance companies are owned by:
Stockholders
An organization that transacts insurance only with its own members is a(n):
Fraternal
The ____________ has the power to issue rules and regulations to help enforce
insurance laws.
Commissioner, Superintendent, or Director
All of the following are essential elements of a legal contract, EXCEPT:
Representation
Which of the following manufactures and sells insurance coverage in the form of
insurance policies or contracts of insurance?
Insurance companies
The contract type in which only one party is legally bound to its contractual
obligations after a premium is paid is a(n)_______ contract.
Unilateral
A(n)____________ is the person or entity that is covered by an insurance policy.
Insured
Fraternal insurance companies are owned by:
Members
Members of the ___________ include state and territorial insurance commissioners
or regulators.
National Association of Insurance Commissioners (NAIC)
, The ___________ branch writes and passes state insurance laws, or statutes, to
protect the insuring public.
Legislative
For the most part, the highest authority for insurance regulation is:
The individual states
Insurable interest for life insurance is necessary only at the time of:
Application
When it comes to life insurance, insurable interest on one's own life is:
Unlimited
Which of the following best describes a conditional contract?
Both parties must perform specified duties in order for the contract to be
enforceable
Which principle states that an insured may be reimbursed up to the amount of the
actual loss?
Indemnity
What gives an insurer the authority to operate within this state?
A Certificate of Authority
Statements made on the application by the applicant that are believed to be true to
the best of the applicant's knowledge are called:
Representations
The difference between a misrepresentation and a material misrepresentation is:
Material misrepresentations are issues that affect policy issuance
Under the Fair Credit Reporting Act, which of the following statements is correct?
if an individual is denied coverage, they can request a copy of the report
Dividends issued by mutual insurance companies:
Are non-taxable refunds (returns) of unused or surplus premiums
Answers for 2026/2027.
Insurers that are incorporated in another state, but doing business in this state, are
considered:
Foreign
Stock insurance companies are owned by:
Stockholders
An organization that transacts insurance only with its own members is a(n):
Fraternal
The ____________ has the power to issue rules and regulations to help enforce
insurance laws.
Commissioner, Superintendent, or Director
All of the following are essential elements of a legal contract, EXCEPT:
Representation
Which of the following manufactures and sells insurance coverage in the form of
insurance policies or contracts of insurance?
Insurance companies
The contract type in which only one party is legally bound to its contractual
obligations after a premium is paid is a(n)_______ contract.
Unilateral
A(n)____________ is the person or entity that is covered by an insurance policy.
Insured
Fraternal insurance companies are owned by:
Members
Members of the ___________ include state and territorial insurance commissioners
or regulators.
National Association of Insurance Commissioners (NAIC)
, The ___________ branch writes and passes state insurance laws, or statutes, to
protect the insuring public.
Legislative
For the most part, the highest authority for insurance regulation is:
The individual states
Insurable interest for life insurance is necessary only at the time of:
Application
When it comes to life insurance, insurable interest on one's own life is:
Unlimited
Which of the following best describes a conditional contract?
Both parties must perform specified duties in order for the contract to be
enforceable
Which principle states that an insured may be reimbursed up to the amount of the
actual loss?
Indemnity
What gives an insurer the authority to operate within this state?
A Certificate of Authority
Statements made on the application by the applicant that are believed to be true to
the best of the applicant's knowledge are called:
Representations
The difference between a misrepresentation and a material misrepresentation is:
Material misrepresentations are issues that affect policy issuance
Under the Fair Credit Reporting Act, which of the following statements is correct?
if an individual is denied coverage, they can request a copy of the report
Dividends issued by mutual insurance companies:
Are non-taxable refunds (returns) of unused or surplus premiums
