1|Page
FL Life and Health Insurance 2-15 Study Exam (165
questions) 2026 Actual Newest Questions and Correct
Answers Pass the Exam, 100% Verified (Latest 2026 /
2027 Update) (Verified Answers by Expert)
N is covered by a Term Life policy and does not make the required
premium payment which was due August 1. N dies September 15. What
action will the insurer take? ......ANSWER......Claim will be denied.
A contract where one party either accepts or rejects the terms of a
contract written by another party is called a contract of
......ANSWER......adhesion
All of the following statements about Major Medical benefits are true,
EXCEPT: ......ANSWER......Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At the time of
W's death seven years later, the company discovered W's true age at
issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death
claim? ......ANSWER......The proceeds would be reduced based on
whatever the premium would have been if purchased at age 59.
All of these are considered sources of underwriting information about
an applicant, EXCEPT: ......ANSWER......Inspection Report
pg. 1
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According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid?
......ANSWER......31 days
Which provision allows the policy owner to change a term life policy to
a permanent one without providing proof of good health?
......ANSWER......Conversion
What do families pay that are covered by the Florida Healthy Kids
Corporation? ......ANSWER......A portion of the premium
Which statement regarding third-party ownership of a life insurance
policy is true? ......ANSWER......It is used extensively in estate planning
as well as business circumstances.
Which of the following employees may NOT be excluded from a group
life plan? ......ANSWER......Full-time employees after the probationary
period.
Which of the following statements BEST describes what the Legal
Actions provision of an Accident and Health policy requires?
......ANSWER......An insured must wait at least 60 days after Proof of
Loss has been submitted before a lawsuit can be filed.
pg. 2
, 3|Page
What percentage of eligible persons must a policy cover in a
noncontributory group? ......ANSWER......100%
What are adjustable rates for life policy loans in Florida based on?
......ANSWER......Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should
be reclassified due to a health issue. This policy may be issued with a(n):
......ANSWER......exclusion for the medical condition
What is the initial requirement for an insured to become eligible for
benefits under the Waiver of Premium provision?
......ANSWER......Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for
losses occurring as the result of his employment. What kind of coverage
is this? ......ANSWER......Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be
a(n) ......ANSWER......certificate holder
According to Florida law, which of the following information does NOT
need to be obtained by an agent recommending an annuity purchase?
......ANSWER......Marital status
pg. 3
FL Life and Health Insurance 2-15 Study Exam (165
questions) 2026 Actual Newest Questions and Correct
Answers Pass the Exam, 100% Verified (Latest 2026 /
2027 Update) (Verified Answers by Expert)
N is covered by a Term Life policy and does not make the required
premium payment which was due August 1. N dies September 15. What
action will the insurer take? ......ANSWER......Claim will be denied.
A contract where one party either accepts or rejects the terms of a
contract written by another party is called a contract of
......ANSWER......adhesion
All of the following statements about Major Medical benefits are true,
EXCEPT: ......ANSWER......Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At the time of
W's death seven years later, the company discovered W's true age at
issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death
claim? ......ANSWER......The proceeds would be reduced based on
whatever the premium would have been if purchased at age 59.
All of these are considered sources of underwriting information about
an applicant, EXCEPT: ......ANSWER......Inspection Report
pg. 1
,2|Page
According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid?
......ANSWER......31 days
Which provision allows the policy owner to change a term life policy to
a permanent one without providing proof of good health?
......ANSWER......Conversion
What do families pay that are covered by the Florida Healthy Kids
Corporation? ......ANSWER......A portion of the premium
Which statement regarding third-party ownership of a life insurance
policy is true? ......ANSWER......It is used extensively in estate planning
as well as business circumstances.
Which of the following employees may NOT be excluded from a group
life plan? ......ANSWER......Full-time employees after the probationary
period.
Which of the following statements BEST describes what the Legal
Actions provision of an Accident and Health policy requires?
......ANSWER......An insured must wait at least 60 days after Proof of
Loss has been submitted before a lawsuit can be filed.
pg. 2
, 3|Page
What percentage of eligible persons must a policy cover in a
noncontributory group? ......ANSWER......100%
What are adjustable rates for life policy loans in Florida based on?
......ANSWER......Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should
be reclassified due to a health issue. This policy may be issued with a(n):
......ANSWER......exclusion for the medical condition
What is the initial requirement for an insured to become eligible for
benefits under the Waiver of Premium provision?
......ANSWER......Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for
losses occurring as the result of his employment. What kind of coverage
is this? ......ANSWER......Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be
a(n) ......ANSWER......certificate holder
According to Florida law, which of the following information does NOT
need to be obtained by an agent recommending an annuity purchase?
......ANSWER......Marital status
pg. 3
