FLORIDA INSURANCE PERSONAL LINES
LICENSE 20 44 PRACTICE ASSESSMENT
MODULE 2026 AUTHENTIC RESPONSES
FINAL STUDY RESOURCE GRADED A+
⩥ K applies for a life insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the agent stating
that coverage begins immediately if the application is approved. What
kind of receipt was used?
Answer: Conditional
⩥ A life insurance arrangement which circumvents insurable interest
statutes is called:
Answer: Investor-Originated Life Insurance
⩥ Which of the following health policy provisions states that the
producer does NOT have the authority to change the policy or waive any
of its provisions?
Answer: Entire Contract
⩥ Within how many days after policy delivery can a Medicare
Supplement policy be returned for a 100% premium refund?
Answer: 30
,⩥ Which of the following is NOT an unfair claim settlement practice?
Answer: Needing written documentation of claim details
⩥ Who is NOT required to sign a life insurance application?
Answer: Beneficiary
⩥ To be eligible for Social Security disability benefits, an employee
must be unable to perform:
Answer: any occupation
⩥ The type of annuity that can be purchased with one monetary deposit
is called a(n):
Answer: Immediate annuity
⩥ A life insurance application must be signed by all of these, EXCEPT:
Answer: beneficiary
⩥ 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
, ⩥ The Accelerated Death Benefit provision in a life insurance policy is
also known as a(n):
Answer: Living Benefit
⩥ Which of the following policy features allows an insured to defer
current health charges to the following year's deductible instead of the
current year's deducitble?
Answer: Carryover provision
⩥ Insurance policies are considered aleatory contracts because
Answer: performance is conditioned upon a future occurrence
⩥ Within how many days must a licensee notify the Department of
Financial Services of a change in address?
Answer: 30
⩥ 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
⩥ The clause in an Accident and Health policy which defines the benefit
amounts the insurer will pay is called the:
Answer: Insuring clause
LICENSE 20 44 PRACTICE ASSESSMENT
MODULE 2026 AUTHENTIC RESPONSES
FINAL STUDY RESOURCE GRADED A+
⩥ K applies for a life insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the agent stating
that coverage begins immediately if the application is approved. What
kind of receipt was used?
Answer: Conditional
⩥ A life insurance arrangement which circumvents insurable interest
statutes is called:
Answer: Investor-Originated Life Insurance
⩥ Which of the following health policy provisions states that the
producer does NOT have the authority to change the policy or waive any
of its provisions?
Answer: Entire Contract
⩥ Within how many days after policy delivery can a Medicare
Supplement policy be returned for a 100% premium refund?
Answer: 30
,⩥ Which of the following is NOT an unfair claim settlement practice?
Answer: Needing written documentation of claim details
⩥ Who is NOT required to sign a life insurance application?
Answer: Beneficiary
⩥ To be eligible for Social Security disability benefits, an employee
must be unable to perform:
Answer: any occupation
⩥ The type of annuity that can be purchased with one monetary deposit
is called a(n):
Answer: Immediate annuity
⩥ A life insurance application must be signed by all of these, EXCEPT:
Answer: beneficiary
⩥ 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
, ⩥ The Accelerated Death Benefit provision in a life insurance policy is
also known as a(n):
Answer: Living Benefit
⩥ Which of the following policy features allows an insured to defer
current health charges to the following year's deductible instead of the
current year's deducitble?
Answer: Carryover provision
⩥ Insurance policies are considered aleatory contracts because
Answer: performance is conditioned upon a future occurrence
⩥ Within how many days must a licensee notify the Department of
Financial Services of a change in address?
Answer: 30
⩥ 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
⩥ The clause in an Accident and Health policy which defines the benefit
amounts the insurer will pay is called the:
Answer: Insuring clause
