FLORIDA HEALTH AND LIFE INSURANCE
STATE EXAM PRACTICE PART 1NEWEST 2026
ACTUAL EXAM COMPLETE 300 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Which Accident and Health policy provision addresses preexisting conditions? -
CORRECT ANSWER ✔✔- Time Limit on Certain Defenses
Which of the following individual health insurance policies will provide the
broadest protection? - CORRECT ANSWER ✔✔- Major Medical
Which of the following situations does NOT apply to the Florida Replacement
Rule? - CORRECT ANSWER ✔✔- An existing policyholder purchases an
additional policy from the same insurer
Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the
insurance company. What action should J take? - CORRECT ANSWER ✔✔-
Return to the customer, collect a new check made out to the insurance company,
and send the new check out to the insurance company
Under which of the following circumstances will the benefits under COBRA
continuation coverage end? - CORRECT ANSWER ✔✔- All group health plans
are terminated by the employer
1
,Which type of renewability best describes a Disability Income policy that covers
an individual until the age of 65, but the insurer has the right to change the
premium rate for the overall risk class? - CORRECT ANSWER ✔✔- Garunteed
Renewable
An incomplete life insurance application submitted to an insurer will result in
which of these actions? - CORRECT ANSWER ✔✔- Application will be returned
to the writting agent
The waiting period for a pre-existing condition under a Medicare Supplement
policy may NOT go beyond - CORRECT ANSWER ✔✔- 6 Months
Which of these statements is INCORRECT regarding the federal income tax
treatment of life insurance? - CORRECT ANSWER ✔✔- Entire cash surrender
value is taxable
Which of these is considered a mandatory provision? - CORRECT ANSWER ✔✔-
Payment of Claims
Which of the following actions will an insurance company most likely NOT take if
an applicant, who has diabetes, applies for a Disability Income policy? -
CORRECT ANSWER ✔✔- Issue the policy with an altered Time of Payment of
Claims provision
Which of the following phrases refers to the fees charged by a healthcare
professional? - CORRECT ANSWER ✔✔- Usual, customary, and reasonable
expenses
2
,D was actively serving in the Marines when he was killed in an automobile
accident while on leave. His $100,000 Whole life policy contains a War Exclusion
clause. How much will D's beneficiary's receive? - CORRECT ANSWER ✔✔-
The full face amount
N is covered under an individual Disability policy with a 30-day Elimination
period and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's
total benefit received on this claim is: - CORRECT ANSWER ✔✔- $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or insurance? - CORRECT
ANSWER ✔✔- The insurance company
Which of the following costs would a Basic Hospital/Surgical policy likely cover?
- CORRECT ANSWER ✔✔- Sugically removing a facial birthmark
The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: - CORRECT ANSWER ✔✔-
Employee's premiums paid by the employer is tax-deductible to the employer as a
business expenditure
Premiums paid by an employer for an employee's coverage are deductible by the
employer as a buisness expense
What must the policyowner provide to the insurer for validation that a loss has
occurred? - CORRECT ANSWER ✔✔- proof of loss
3
, Association Plans that are designed to provide health benefits to their members are
regulated by the state because - CORRECT ANSWER ✔✔- They are insured by
and authorized insurer
Which of the following statements is CORRECT about the period in which a Term
Policy can be converted? - CORRECT ANSWER ✔✔- It varies according to
contracts
When does a life insurance contract become effective if the initial premium is not
collected during the application process? - CORRECT ANSWER ✔✔- When
producer delives policy and collects initial premium
A provision in a life insurance policy that pays the policyowner an amount that
does not surpass the guaranteed cash value is called the: - CORRECT ANSWER
✔✔- Policy Loan Provision
Medicare Part A and Part B do no pay for: - CORRECT ANSWER ✔✔- Dental
Work
When a misrepresentation on a life insurance policy application is discovered,
what action may an insurance company take? - CORRECT ANSWER ✔✔- Void
the policy only if it is discovered during the Contestable period and proven to be
material
The insuring Clause - CORRECT ANSWER ✔✔- States the scope and limits of
the coverage
4
STATE EXAM PRACTICE PART 1NEWEST 2026
ACTUAL EXAM COMPLETE 300 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Which Accident and Health policy provision addresses preexisting conditions? -
CORRECT ANSWER ✔✔- Time Limit on Certain Defenses
Which of the following individual health insurance policies will provide the
broadest protection? - CORRECT ANSWER ✔✔- Major Medical
Which of the following situations does NOT apply to the Florida Replacement
Rule? - CORRECT ANSWER ✔✔- An existing policyholder purchases an
additional policy from the same insurer
Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the
insurance company. What action should J take? - CORRECT ANSWER ✔✔-
Return to the customer, collect a new check made out to the insurance company,
and send the new check out to the insurance company
Under which of the following circumstances will the benefits under COBRA
continuation coverage end? - CORRECT ANSWER ✔✔- All group health plans
are terminated by the employer
1
,Which type of renewability best describes a Disability Income policy that covers
an individual until the age of 65, but the insurer has the right to change the
premium rate for the overall risk class? - CORRECT ANSWER ✔✔- Garunteed
Renewable
An incomplete life insurance application submitted to an insurer will result in
which of these actions? - CORRECT ANSWER ✔✔- Application will be returned
to the writting agent
The waiting period for a pre-existing condition under a Medicare Supplement
policy may NOT go beyond - CORRECT ANSWER ✔✔- 6 Months
Which of these statements is INCORRECT regarding the federal income tax
treatment of life insurance? - CORRECT ANSWER ✔✔- Entire cash surrender
value is taxable
Which of these is considered a mandatory provision? - CORRECT ANSWER ✔✔-
Payment of Claims
Which of the following actions will an insurance company most likely NOT take if
an applicant, who has diabetes, applies for a Disability Income policy? -
CORRECT ANSWER ✔✔- Issue the policy with an altered Time of Payment of
Claims provision
Which of the following phrases refers to the fees charged by a healthcare
professional? - CORRECT ANSWER ✔✔- Usual, customary, and reasonable
expenses
2
,D was actively serving in the Marines when he was killed in an automobile
accident while on leave. His $100,000 Whole life policy contains a War Exclusion
clause. How much will D's beneficiary's receive? - CORRECT ANSWER ✔✔-
The full face amount
N is covered under an individual Disability policy with a 30-day Elimination
period and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's
total benefit received on this claim is: - CORRECT ANSWER ✔✔- $1,250
No benefits are available during the elimination period.
Who does an agent represent during the solicitation or insurance? - CORRECT
ANSWER ✔✔- The insurance company
Which of the following costs would a Basic Hospital/Surgical policy likely cover?
- CORRECT ANSWER ✔✔- Sugically removing a facial birthmark
The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: - CORRECT ANSWER ✔✔-
Employee's premiums paid by the employer is tax-deductible to the employer as a
business expenditure
Premiums paid by an employer for an employee's coverage are deductible by the
employer as a buisness expense
What must the policyowner provide to the insurer for validation that a loss has
occurred? - CORRECT ANSWER ✔✔- proof of loss
3
, Association Plans that are designed to provide health benefits to their members are
regulated by the state because - CORRECT ANSWER ✔✔- They are insured by
and authorized insurer
Which of the following statements is CORRECT about the period in which a Term
Policy can be converted? - CORRECT ANSWER ✔✔- It varies according to
contracts
When does a life insurance contract become effective if the initial premium is not
collected during the application process? - CORRECT ANSWER ✔✔- When
producer delives policy and collects initial premium
A provision in a life insurance policy that pays the policyowner an amount that
does not surpass the guaranteed cash value is called the: - CORRECT ANSWER
✔✔- Policy Loan Provision
Medicare Part A and Part B do no pay for: - CORRECT ANSWER ✔✔- Dental
Work
When a misrepresentation on a life insurance policy application is discovered,
what action may an insurance company take? - CORRECT ANSWER ✔✔- Void
the policy only if it is discovered during the Contestable period and proven to be
material
The insuring Clause - CORRECT ANSWER ✔✔- States the scope and limits of
the coverage
4
