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FL 20-44 INSURANCE LICENSE TEST WITH 400
PRACTICE QUESTIONS AND 100% CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP
(NEWEST!)
A young, married teacher has two children and owns a
Whole Life policy. If the teacher wants an increasing
Death Benefit to protect against inflation, the teacher
should select which of the following Dividend Options? -
...✔✔ANSWER✔✔...Paid-Up Additional Insurance
K has a health policy that must be renewed by the insurer
and the premiums can only be increased if applied to the
entire class of insureds. This type of policy is considered
- ...✔✔ANSWER✔✔...guaranteed renewable
What is the required minimum percentage of employee
participation for a noncontributory group health
insurance plan according to Florida Law? -
...✔✔ANSWER✔✔...0
What do families pay that are covered by the Florida
Healthy Kids Corporation? - ...✔✔ANSWER✔✔...A portion
of the premium
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Which of the following actions require a policyowner to
provide proof of insurability in an Adjustable Life policy? -
...✔✔ANSWER✔✔...increase face amount
The Coordination of Benefits provision -
...✔✔ANSWER✔✔...prevents an insured covered by two
health plans from making a profit on a covered loss
Before a life insurance policy is issued, which of these
components of the contract is required? -
...✔✔ANSWER✔✔...Applicant's signature on application
The policy provision that entitles the insurer to establish
conditions the insured must meet while a claim is pending
is - ...✔✔ANSWER✔✔...Time Limit on Certain Defenses
Which of the following situations does NOT apply to the
Florida Replacement Rule? - ...✔✔ANSWER✔✔...An
existing policyholder purchases an additional policy from
the same insurer
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Which of these require an offer, acceptance, and
consideration? - ...✔✔ANSWER✔✔...contract
According to Florida law, a Group Life insurance policy
requires a minimum of how many insureds? -
...✔✔ANSWER✔✔...0
Which of these actions is taken when a policyowner uses
a Life Insurance policy as collateral for a bank loan? -
...✔✔ANSWER✔✔...Collateral assignment
Which type of contract liquidates an estate through
recurrent payments? - ...✔✔ANSWER✔✔...annuity
Which of these factors do NOT play a role in the
underwriting of a life insurance policy? -
...✔✔ANSWER✔✔...maritial status
What is the purpose of the Life and Health Insurance
Guaranty Association? - ...✔✔ANSWER✔✔...Protects
policyowners against insolvent insurance companies
FL 20-44 INSURANCE LICENSE TEST WITH 400
PRACTICE QUESTIONS AND 100% CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP
(NEWEST!)
A young, married teacher has two children and owns a
Whole Life policy. If the teacher wants an increasing
Death Benefit to protect against inflation, the teacher
should select which of the following Dividend Options? -
...✔✔ANSWER✔✔...Paid-Up Additional Insurance
K has a health policy that must be renewed by the insurer
and the premiums can only be increased if applied to the
entire class of insureds. This type of policy is considered
- ...✔✔ANSWER✔✔...guaranteed renewable
What is the required minimum percentage of employee
participation for a noncontributory group health
insurance plan according to Florida Law? -
...✔✔ANSWER✔✔...0
What do families pay that are covered by the Florida
Healthy Kids Corporation? - ...✔✔ANSWER✔✔...A portion
of the premium
,2|Page
Which of the following actions require a policyowner to
provide proof of insurability in an Adjustable Life policy? -
...✔✔ANSWER✔✔...increase face amount
The Coordination of Benefits provision -
...✔✔ANSWER✔✔...prevents an insured covered by two
health plans from making a profit on a covered loss
Before a life insurance policy is issued, which of these
components of the contract is required? -
...✔✔ANSWER✔✔...Applicant's signature on application
The policy provision that entitles the insurer to establish
conditions the insured must meet while a claim is pending
is - ...✔✔ANSWER✔✔...Time Limit on Certain Defenses
Which of the following situations does NOT apply to the
Florida Replacement Rule? - ...✔✔ANSWER✔✔...An
existing policyholder purchases an additional policy from
the same insurer
, 3|Page
Which of these require an offer, acceptance, and
consideration? - ...✔✔ANSWER✔✔...contract
According to Florida law, a Group Life insurance policy
requires a minimum of how many insureds? -
...✔✔ANSWER✔✔...0
Which of these actions is taken when a policyowner uses
a Life Insurance policy as collateral for a bank loan? -
...✔✔ANSWER✔✔...Collateral assignment
Which type of contract liquidates an estate through
recurrent payments? - ...✔✔ANSWER✔✔...annuity
Which of these factors do NOT play a role in the
underwriting of a life insurance policy? -
...✔✔ANSWER✔✔...maritial status
What is the purpose of the Life and Health Insurance
Guaranty Association? - ...✔✔ANSWER✔✔...Protects
policyowners against insolvent insurance companies
