FL Health Agent Test STUDY GUIDE 2026
COMPLETE QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
1. An organization that transacts insurance only with its own members is a(n): -
ANSWER ✔ Fraternal
2. The ____________ has the power to issue rules and regulations to help
enforce insurance laws. - ANSWER ✔ Commissioner, Superintendent, or
Director
3. All of the following are essential elements of a legal contract, EXCEPT: -
ANSWER ✔ Representation
4. Which of the following manufactures and sells insurance coverage in the
form of insurance policies or contracts of insurance? - ANSWER ✔
Insurance companies
5. The contract type in which only one party is legally bound to its contractual
obligations after a premium is paid is a(n)_______ contract. - ANSWER ✔
Unilateral
,6. A(n)____________ is the person or entity that is covered by an insurance
policy. - ANSWER ✔ Insured
7. Fraternal insurance companies are owned by: - ANSWER ✔ Members
8. Members of the ___________ include state and territorial insurance
commissioners or regulators. - ANSWER ✔ National Association of
Insurance Commissioners (NAIC)
9. The ___________ branch writes and passes state insurance laws, or statutes,
to protect the insuring public. - ANSWER ✔ Legislative
10.For the most part, the highest authority for insurance regulation is: -
ANSWER ✔ The individual states
11.Insurable interest for life insurance is necessary only at the time of: -
ANSWER ✔ Application
12.Insurers that are incorporated in another state, but doing business in this
state, are considered: - ANSWER ✔ Foreign
13.Stock insurance companies are owned by: - ANSWER ✔ Stockholders
14.When it comes to life insurance, insurable interest on one's own life is: -
ANSWER ✔ Unlimited
,15.Which of the following best describes a conditional contract? - ANSWER ✔
Both parties must perform specified duties in order for the contract to be
enforceable
16.Which principle states that an insured may be reimbursed up to the amount
of the actual loss? - ANSWER ✔ Indemnity
17.What gives an insurer the authority to operate within this state? - ANSWER
✔ A Certificate of Authority
18.Statements made on the application by the applicant that are believed to be
true to the best of the applicant's knowledge are called: - ANSWER ✔
Representations
19.The difference between a misrepresentation and a material misrepresentation
is: - ANSWER ✔ Material misrepresentations are issues that affect policy
issuance
20.Under the Fair Credit Reporting Act, which of the following statements is
correct? - ANSWER ✔ if an individual is denied coverage, they can request
a copy of the report
21.Dividends issued by mutual insurance companies: - ANSWER ✔ Are non-
taxable refunds (returns) of unused or surplus premiums
, 22.An insurer issues a policy as "other than applied for," requiring an additional
premium of $100. When would an agreement come into being? - ANSWER
✔ When the applicant accepts delivery of the policy and pays the additional
premium
A. Standard Policy Provisions and Clauses - ANSWER ✔
1. Min Benefit Standards - ANSWER ✔
23.Fl Health plans - ANSWER ✔ basic medical expense
-basic physicians(nonsergical) expense
-Major Medical Expense
-Supplemental Major medical
-Comprehensive Major Medical
-HMO
-PPO
Exclusive provider Organization
-pre-paid limited health service organization plans
-group health insurance plans
24.Life insurance policy - ANSWER ✔ Written contract to transfer risk of
premature death from one party to another; pays stated sum upon death;
creates instant estate.
COMPLETE QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
1. An organization that transacts insurance only with its own members is a(n): -
ANSWER ✔ Fraternal
2. The ____________ has the power to issue rules and regulations to help
enforce insurance laws. - ANSWER ✔ Commissioner, Superintendent, or
Director
3. All of the following are essential elements of a legal contract, EXCEPT: -
ANSWER ✔ Representation
4. Which of the following manufactures and sells insurance coverage in the
form of insurance policies or contracts of insurance? - ANSWER ✔
Insurance companies
5. The contract type in which only one party is legally bound to its contractual
obligations after a premium is paid is a(n)_______ contract. - ANSWER ✔
Unilateral
,6. A(n)____________ is the person or entity that is covered by an insurance
policy. - ANSWER ✔ Insured
7. Fraternal insurance companies are owned by: - ANSWER ✔ Members
8. Members of the ___________ include state and territorial insurance
commissioners or regulators. - ANSWER ✔ National Association of
Insurance Commissioners (NAIC)
9. The ___________ branch writes and passes state insurance laws, or statutes,
to protect the insuring public. - ANSWER ✔ Legislative
10.For the most part, the highest authority for insurance regulation is: -
ANSWER ✔ The individual states
11.Insurable interest for life insurance is necessary only at the time of: -
ANSWER ✔ Application
12.Insurers that are incorporated in another state, but doing business in this
state, are considered: - ANSWER ✔ Foreign
13.Stock insurance companies are owned by: - ANSWER ✔ Stockholders
14.When it comes to life insurance, insurable interest on one's own life is: -
ANSWER ✔ Unlimited
,15.Which of the following best describes a conditional contract? - ANSWER ✔
Both parties must perform specified duties in order for the contract to be
enforceable
16.Which principle states that an insured may be reimbursed up to the amount
of the actual loss? - ANSWER ✔ Indemnity
17.What gives an insurer the authority to operate within this state? - ANSWER
✔ A Certificate of Authority
18.Statements made on the application by the applicant that are believed to be
true to the best of the applicant's knowledge are called: - ANSWER ✔
Representations
19.The difference between a misrepresentation and a material misrepresentation
is: - ANSWER ✔ Material misrepresentations are issues that affect policy
issuance
20.Under the Fair Credit Reporting Act, which of the following statements is
correct? - ANSWER ✔ if an individual is denied coverage, they can request
a copy of the report
21.Dividends issued by mutual insurance companies: - ANSWER ✔ Are non-
taxable refunds (returns) of unused or surplus premiums
, 22.An insurer issues a policy as "other than applied for," requiring an additional
premium of $100. When would an agreement come into being? - ANSWER
✔ When the applicant accepts delivery of the policy and pays the additional
premium
A. Standard Policy Provisions and Clauses - ANSWER ✔
1. Min Benefit Standards - ANSWER ✔
23.Fl Health plans - ANSWER ✔ basic medical expense
-basic physicians(nonsergical) expense
-Major Medical Expense
-Supplemental Major medical
-Comprehensive Major Medical
-HMO
-PPO
Exclusive provider Organization
-pre-paid limited health service organization plans
-group health insurance plans
24.Life insurance policy - ANSWER ✔ Written contract to transfer risk of
premature death from one party to another; pays stated sum upon death;
creates instant estate.
