FL LIFE AND HEALTH INSURANCE EXAM 190
QUESTIONS & CORRECT ANSWERS LATEST 2025
what is the purpose of the insurance guaranty fund association?
a. underwrites high risk insurance applicants
b. establishes underwriting guidelines for admitted insurers
c. enforces fl's insurance regulations
d. protects policyowners against insolvent insurance companies - ANSWER-d.
(protects policyowners in case of insurance company going bankrupt)
FL requires that coverage for newborns begin from the moment of birth and
continues for how long? - ANSWER-18 months
in FL, a health policy that is paid on a quarterly basis requires a grace period of -
ANSWER-31 days
in florida, monthly premium health insurance policies must provide a grace period
of at least - ANSWER-10 days
Under Florida law, a variable annuity policyowner must be notified of the
accumulated value of the contract - ANSWER-once a year
,S takes out a health insurance policy which contains a provision that states that
the agent does not have the authority to change the policy or waive any of its
provisions. Which health policy provision is this? - ANSWER-entire contract
Which of the following acts is an agent NOT authorized to do on behalf of an
insurer? - ANSWER-Authorize claim payments
An example of rebating would be - ANSWER-
An example of sliding would be
a. inducing an applicant to purchase an insurance policy by returning some of the
premium
b. speaking maliciously of an insurer intending to harm
c. charging for an additional product without the applicant's consent
d. replacing an existing insurance policy with a new one - ANSWER-c
Which two entities regulate variable annuities - ANSWER-Department of Financial
Services; and Securities Exchange Commission
Which of the following is NOT a consequence for placing business with an
unauthorized insurer? - ANSWER-First degree misdemeanor
What is required in the Florida Employee Health Care Access Act? - ANSWER-
Small group benefit plans are to be issued on a "guarantee-issue" basis
What is the required minimum percentage of employee participation for a
noncontributory group health insurance plan according to Florida Law?
,100%
0%
25%
75% - ANSWER-0%
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value. - ANSWER-viatical settlement provider
In Florida, an element of an insurance transaction would be - ANSWER-issuing an
insurance contract
Which type of insurance company allows their policyowners to elect a governing
body?
Mixed
Stock
Mutual
Admitted - ANSWER-mutual
According to Florida law, group life insurance conversion privileges must NOT
require evidence of insurability
require a rate increase
allow a time period to convert group life coverage to an individual life policy
allow the converted policy to exceed 75% of the original group life amount -
ANSWER-require evidence of insurability
All of the following are Nonforfeiture Options EXCEPT
, Extended Term Option
Reduced Paid-Up Option
Cash Surrender Option
Automatic Premium Loan Option - ANSWER-Automatic Premium Loan Option
A long-term care lapse notice must be delivered to both the applicant and
secondary addressee
personal physician
beneficiary
MIB - ANSWER-secondary addressee
Florida's 14-day free-look period for life insurance policies begins at the
date of delivery
date of physical examination
date of application
date of approval - ANSWER-date of delivery
An agent who makes misleading statements that lead to the termination of an
existing insurance policy so that a new policy with another insurer can be taken
out has committed
twisting
coercion
defamation
rebating - ANSWER-twisting
QUESTIONS & CORRECT ANSWERS LATEST 2025
what is the purpose of the insurance guaranty fund association?
a. underwrites high risk insurance applicants
b. establishes underwriting guidelines for admitted insurers
c. enforces fl's insurance regulations
d. protects policyowners against insolvent insurance companies - ANSWER-d.
(protects policyowners in case of insurance company going bankrupt)
FL requires that coverage for newborns begin from the moment of birth and
continues for how long? - ANSWER-18 months
in FL, a health policy that is paid on a quarterly basis requires a grace period of -
ANSWER-31 days
in florida, monthly premium health insurance policies must provide a grace period
of at least - ANSWER-10 days
Under Florida law, a variable annuity policyowner must be notified of the
accumulated value of the contract - ANSWER-once a year
,S takes out a health insurance policy which contains a provision that states that
the agent does not have the authority to change the policy or waive any of its
provisions. Which health policy provision is this? - ANSWER-entire contract
Which of the following acts is an agent NOT authorized to do on behalf of an
insurer? - ANSWER-Authorize claim payments
An example of rebating would be - ANSWER-
An example of sliding would be
a. inducing an applicant to purchase an insurance policy by returning some of the
premium
b. speaking maliciously of an insurer intending to harm
c. charging for an additional product without the applicant's consent
d. replacing an existing insurance policy with a new one - ANSWER-c
Which two entities regulate variable annuities - ANSWER-Department of Financial
Services; and Securities Exchange Commission
Which of the following is NOT a consequence for placing business with an
unauthorized insurer? - ANSWER-First degree misdemeanor
What is required in the Florida Employee Health Care Access Act? - ANSWER-
Small group benefit plans are to be issued on a "guarantee-issue" basis
What is the required minimum percentage of employee participation for a
noncontributory group health insurance plan according to Florida Law?
,100%
0%
25%
75% - ANSWER-0%
A life insurance policyowner may sell their policy to a(n) _____ in order to receive
a percentage of the policy's face value. - ANSWER-viatical settlement provider
In Florida, an element of an insurance transaction would be - ANSWER-issuing an
insurance contract
Which type of insurance company allows their policyowners to elect a governing
body?
Mixed
Stock
Mutual
Admitted - ANSWER-mutual
According to Florida law, group life insurance conversion privileges must NOT
require evidence of insurability
require a rate increase
allow a time period to convert group life coverage to an individual life policy
allow the converted policy to exceed 75% of the original group life amount -
ANSWER-require evidence of insurability
All of the following are Nonforfeiture Options EXCEPT
, Extended Term Option
Reduced Paid-Up Option
Cash Surrender Option
Automatic Premium Loan Option - ANSWER-Automatic Premium Loan Option
A long-term care lapse notice must be delivered to both the applicant and
secondary addressee
personal physician
beneficiary
MIB - ANSWER-secondary addressee
Florida's 14-day free-look period for life insurance policies begins at the
date of delivery
date of physical examination
date of application
date of approval - ANSWER-date of delivery
An agent who makes misleading statements that lead to the termination of an
existing insurance policy so that a new policy with another insurer can be taken
out has committed
twisting
coercion
defamation
rebating - ANSWER-twisting
