1
FLA 0214 FINAL newest actual 2025/2026 EXAM with
complete QUESTIONS AND CORRECT
ANSWERS.verified/graded a+
Common Disaster Clause provides that if both the insured and the sole named
beneficiary were to die in a common accident, which of the following is true? -
(ANSWER)This clause provides the payment of proceeds to the insured's estate
Under a life insurance policy the ___ has the authority to name the beneficiary? -
(ANSWER)owner
B recently died and was insured with a life insurance policy for over five years.
During the claims process, the insurer discovered that B had understated his age
by 5 years at the time of application. In this situation, the insurer will -
(ANSWER)Pay the amount that the premium would have purchased at the correct
age.
Which Unfair Trade Practice involves an agent suggesting that an insurance policy
is like a share of stock?
*Twisting
*Intimidation
*Misrepresentation
*Sliding - (ANSWER)misrepresentation
,2
L takes out a life insurance policy and dies 10 years later. During the claim
process, the insurer discovers that L had understated her age on the application.
Under the Misstatement of Age provision, the insurer will - (ANSWER)adjust the
death benefit to a reduced amount
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
The financial services commission may hold hearings - (ANSWER)for any reason
deemed necessary
In Florida, which agency is responsible for the rehabilitation or liquidation of
insurers? - (ANSWER)The Department of Financial Services
All of the following entries are classified under the four principles areas of Florida
insurance law EXCEPT - (ANSWER)An agent's commission
All of the following are Nonforfeiture Options EXCEPT - (ANSWER)Automatic
Premium Loan Option
Under federal tax laws, what is the tax treatment for an employer providing
$50,000 of a contributory group Term Life plan to all its eligible employees? -
, 3
(ANSWER)Portion of the premiums paid for by the employer may be a tax
deduction
What group term life feature permits an individual to depart from the group and
continue to be covered without providing evidence of insurability? -
(ANSWER)Conversion
A return of Premium life insurance policy is: - (ANSWER)Whole life and Increasing
term
Which of the following is the best description of 'insurer'? - (ANSWER)Any
person, corporation, association or society that writes insurance contracts
How are Roth IRA distributions normally taxed? - (ANSWER)Distributions are
received tax-free
What kind of policy either pays the face value upon the death of the insured or
when the insured reaches age 100? - (ANSWER)Whole Life
According to Florida's life insurance replacement laws, a policyowner must be
proved with a written Comparison and Summary statement when it's requested
by: - (ANSWER)the policyowner
Two partners own equal shares in a business worth a total of $1,000,000. If they
both commit to the purchase of a life insurance policy that will fund a Buy-Sell
FLA 0214 FINAL newest actual 2025/2026 EXAM with
complete QUESTIONS AND CORRECT
ANSWERS.verified/graded a+
Common Disaster Clause provides that if both the insured and the sole named
beneficiary were to die in a common accident, which of the following is true? -
(ANSWER)This clause provides the payment of proceeds to the insured's estate
Under a life insurance policy the ___ has the authority to name the beneficiary? -
(ANSWER)owner
B recently died and was insured with a life insurance policy for over five years.
During the claims process, the insurer discovered that B had understated his age
by 5 years at the time of application. In this situation, the insurer will -
(ANSWER)Pay the amount that the premium would have purchased at the correct
age.
Which Unfair Trade Practice involves an agent suggesting that an insurance policy
is like a share of stock?
*Twisting
*Intimidation
*Misrepresentation
*Sliding - (ANSWER)misrepresentation
,2
L takes out a life insurance policy and dies 10 years later. During the claim
process, the insurer discovers that L had understated her age on the application.
Under the Misstatement of Age provision, the insurer will - (ANSWER)adjust the
death benefit to a reduced amount
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
The financial services commission may hold hearings - (ANSWER)for any reason
deemed necessary
In Florida, which agency is responsible for the rehabilitation or liquidation of
insurers? - (ANSWER)The Department of Financial Services
All of the following entries are classified under the four principles areas of Florida
insurance law EXCEPT - (ANSWER)An agent's commission
All of the following are Nonforfeiture Options EXCEPT - (ANSWER)Automatic
Premium Loan Option
Under federal tax laws, what is the tax treatment for an employer providing
$50,000 of a contributory group Term Life plan to all its eligible employees? -
, 3
(ANSWER)Portion of the premiums paid for by the employer may be a tax
deduction
What group term life feature permits an individual to depart from the group and
continue to be covered without providing evidence of insurability? -
(ANSWER)Conversion
A return of Premium life insurance policy is: - (ANSWER)Whole life and Increasing
term
Which of the following is the best description of 'insurer'? - (ANSWER)Any
person, corporation, association or society that writes insurance contracts
How are Roth IRA distributions normally taxed? - (ANSWER)Distributions are
received tax-free
What kind of policy either pays the face value upon the death of the insured or
when the insured reaches age 100? - (ANSWER)Whole Life
According to Florida's life insurance replacement laws, a policyowner must be
proved with a written Comparison and Summary statement when it's requested
by: - (ANSWER)the policyowner
Two partners own equal shares in a business worth a total of $1,000,000. If they
both commit to the purchase of a life insurance policy that will fund a Buy-Sell
