Florida Life Insurance Study Guide for the
Licensing Exam Questions and Answers
1. IMPORTANT NUMBER FOR LIFE INSURANCE:
Free look period for life insurance policies.: 14 days
2. Grace period, from second notice, to which a life policy-owner at
least 64 years of age is entitled. Free look period for Annuities and
Variable Annuities.: 21 days
3. Grace period for industrial life insurance.: 28 days
4. Grace period for life insurance. Notice agent must give
Department after felony conviction. Notice insurer must give
Department of change in appointed contact agent. Notice agent must
give Department of name or address change-
: 30 days
5. Time for conversion from group coverage. Grace period for Group
Life.: 31 days
6. Grace period (total) for policy-owner age 64 or older.: 51 days
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Licensing Exam Questions and Answers
1. IMPORTANT NUMBER FOR LIFE INSURANCE:
Free look period for life insurance policies.: 14 days
2. Grace period, from second notice, to which a life policy-owner at
least 64 years of age is entitled. Free look period for Annuities and
Variable Annuities.: 21 days
3. Grace period for industrial life insurance.: 28 days
4. Grace period for life insurance. Notice agent must give
Department after felony conviction. Notice insurer must give
Department of change in appointed contact agent. Notice agent must
give Department of name or address change-
: 30 days
5. Time for conversion from group coverage. Grace period for Group
Life.: 31 days
6. Grace period (total) for policy-owner age 64 or older.: 51 days
1/
4
