6/28/25, 9:29
AM
FLORIDA INSURANCE LICENSES EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 100%
GUARANTEED PASS 2025/2026
Terms in this set (232)
Time Limit on Certain Is akin to the in contest ability clause except that
Defenses fradulent statement on health
application can be contested by anytime unless the
policy is guaranteed renewable
Affordable Care Act May Have a 90 day grace period to pay outstading
premiums
Entire Contract
Time Limit on
Certain Defenses
Grace Period
Reinstatem
ent Notice
of Claims
1/
21
,6/28/25, 9:29
AM
12 Mandatory Provisions Claim Form,
Proof of Loss
Time
Payment of
Claim
Payment
Claim
Physical Exam
and Autopsy
Legal Action,
Change of Beneficiaries
States the insurance policy represents the contract
between the insurer and the
Entire Contract Provision policy owner in its entirety, assuring the policy
owner no changes can be made once the
contract is issued. The clause is the same for
health insurance and life insurance policies
Time Payment of Claim Allows insurers 45 days after receiving notice
Provision and proof of loss in which to pay or deny the
claim (In Florida)
Payment Claim Provision Specifies how and to whom claims payment are made
2/
21
, 6/28/25, 9:29
AM
to
Proof of Loss Provision Means that the insured must supply the
insurer with some evidence that the loss
actually occurred and to what extent. The
claimant has 90 days to supply proof.
Claim Form Provision Outlines the insurers responsibility to provide
the claimant with the specific forms the insurer
requires within 15 days after receiving the
insurer notice of claim.
Pertains to a timely notice given to the insurer
Notice of Claim when a claim is being made (within 20 days). If
Provision claim is for disability income payment for two or
more years, insured must
submit proof of loss every 6 months
Prohibits insured from taking legal action against the
Legal Action Provision insurer due to a claim for 60
days from the date of proof of loss if claim is
disputed. Legal action in Florida cannot be
taken before 60 days nor 5 years after the
date of loss
3/
21
AM
FLORIDA INSURANCE LICENSES EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 100%
GUARANTEED PASS 2025/2026
Terms in this set (232)
Time Limit on Certain Is akin to the in contest ability clause except that
Defenses fradulent statement on health
application can be contested by anytime unless the
policy is guaranteed renewable
Affordable Care Act May Have a 90 day grace period to pay outstading
premiums
Entire Contract
Time Limit on
Certain Defenses
Grace Period
Reinstatem
ent Notice
of Claims
1/
21
,6/28/25, 9:29
AM
12 Mandatory Provisions Claim Form,
Proof of Loss
Time
Payment of
Claim
Payment
Claim
Physical Exam
and Autopsy
Legal Action,
Change of Beneficiaries
States the insurance policy represents the contract
between the insurer and the
Entire Contract Provision policy owner in its entirety, assuring the policy
owner no changes can be made once the
contract is issued. The clause is the same for
health insurance and life insurance policies
Time Payment of Claim Allows insurers 45 days after receiving notice
Provision and proof of loss in which to pay or deny the
claim (In Florida)
Payment Claim Provision Specifies how and to whom claims payment are made
2/
21
, 6/28/25, 9:29
AM
to
Proof of Loss Provision Means that the insured must supply the
insurer with some evidence that the loss
actually occurred and to what extent. The
claimant has 90 days to supply proof.
Claim Form Provision Outlines the insurers responsibility to provide
the claimant with the specific forms the insurer
requires within 15 days after receiving the
insurer notice of claim.
Pertains to a timely notice given to the insurer
Notice of Claim when a claim is being made (within 20 days). If
Provision claim is for disability income payment for two or
more years, insured must
submit proof of loss every 6 months
Prohibits insured from taking legal action against the
Legal Action Provision insurer due to a claim for 60
days from the date of proof of loss if claim is
disputed. Legal action in Florida cannot be
taken before 60 days nor 5 years after the
date of loss
3/
21
