What is the consideration given by an insurer in the Consideration clause of a life policy? - Correct
Answer - Promise to pay a death benefit to a named beneficiary
FLORIDA HEALTH AND LIFE INSURANCE Accident - Correct Answer - An unplanned, unforeseen event which occurs suddenly and at an
unspecified place
EXAM/ QUESTIONS WITH CORRECT ANSWERS-
LATEST 2026. Accident Insurance - Correct Answer - A type of insurance that protects the insured against loss due to
accidental bodily injury
Accidental Bodily Injury - Correct Answer - Unplanned, unforeseen traumatic injury to the body
According to Mandatory Uniform Policy Provisions, what is the maximum amount of time after the
premium due date during which the policy remains in force even though the premium has not been
paid? - Correct Answer - 31 days Accidental Death and Dismemberment - Correct Answer - An insurance policy which pays a specified
amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight, or loses
two limbs due to an accident
G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at
age 50, how long would G's family receive an income? - Correct Answer - 10 years
Accidental Death Benefits - Correct Answer - A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death
E and F are business partners. Each takes out a $500,000 life insurance policy on the other, naming
himself as primary beneficiary. E and F eventually terminate their business, and four months later E dies.
Although E was married with three children at the time of death, the primary beneficiary is still F. Activities of Daily Living - Correct Answer - Activities individuals must do every day such as moving about,
However, an insurable interest no longer exists. Where will the proceeds from E's life insurance policy be getting dressed, eating, bathing, etc.
directed to? - Correct Answer - F
Actual Charge - Correct Answer - The amount a physician or supplier actually bills for a particular service
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for: - Correct or supply
Answer - health information
Adhesion - Correct Answer - A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the
What do Dread Disease policies cover? - Correct Answer - A specific disease or illness insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured
When an insurance application is taken by a producer, which of these statements is true? - Correct
Answer - Any changes made on the application require the applicant's initials Admitted (Authorized) Insurer - Correct Answer - An insurance company authorized and licensed to
transact insurance in a particular state
A student pilot can pay regular premium costs for her life insurance policy with the addition of which of
the following? - Correct Answer - Aviation exclusion Adult Day Care - Correct Answer - A program for impaired adults that attempts to meet their health,
social, and functional needs in a setting away from their homes
pg. 1 pg. 2
, Adverse Selection - Correct Answer - The tendency of risks with higher probability of loss to purchase
and maintain insurance more often than the risks who present lower probability If an individual has an Accidental Death and Dismemberment policy and dies, and autopsy can be
performed in all these situations, EXCEPT: - Correct Answer - When the state prohibits this by law
Which of the following reimburses its insureds for covered medical expenses? - Correct Answer -
Commercial insurers
P is a producer who notices 5 questions on a life application were not answered. What actions should P
take? - Correct Answer - Set up a meeting with the applicant to answer the remaining questions
Under Florida law, which of the following provisions is NOT required in a Medicare Supplement policy? -
Correct Answer - Limitation on pre-existing conditions for up to 12 months
A disability elimination period is best described as a: - Correct Answer - time deductible
Which organization was established to provide funds to protect an insured in the event of an insurer's
insolvency? - Correct Answer - Florida Life and Health Insurance Guaranty Association
Which type of insurance company allows their policyowners to elect a governing body? - Correct Answer
- Mutual
Major Medical policies typically: - Correct Answer - contain a deductible and coinsurance
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 Agreement, which of the following is TRUE? -
The Life and Health Insurance Guaranty Association is - Correct Answer - funded by admitted insurance
Correct Answer - Each partner owns a $500,000 policy on their partner's life
companies through assessments
N is a student pilot with a large life insurance policy. Which of these features would limit the insurer's
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and
obligation in the event N was killed while flying as a student pilot? - Correct Answer - Exclusion
Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in
a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to: - Correct
Answer - P only
A policyowner's rights are limited under which beneficiary designation? - Correct Answer - Irrecovable
Which of the following is considered an accurate statement of an unfair trade practice? - Correct Answer
What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her
- Twisting involves an agent using misrepresentation to convince a policyowner to cancel their current
consent when a change of beneficiary is made? - Correct Answer - Irrevocable beneficiary
policy so that they can purchase a new life insurance policy with another company
Which type of contract liquidates an estate through recurrent payments? - Correct Answer - Annuity
Which of the following is an example of an Unfair Trade Practice? - Correct Answer - Coercison
Under Florida law, a variable annuity policyowner must be notified of the accumulated value of the
The Legal Actions provision of an insurance contract is designed to do all of the following, EXCEPT: -
contract - Correct Answer - once each year
Correct Answer - protect the producer
J let her life insurance policy lapse 8 months ago due to nonpayment. She can reestablish coverage
Which of these actions should a producer take when submitting an insurance application to an insurer? -
under which of the following provisions? - Correct Answer - Reinstatement provision
Correct Answer - Inform insurer of relevant information not included on the application
Which is the purpose of the Life and Health Insurance Guaranty Association? - Correct Answer - Protects
A Health Reimbursement Arrangement MUST be established: - Correct Answer - by the employer policyowners against insolvent insurance companies
pg. 3 pg. 4
Answer - Promise to pay a death benefit to a named beneficiary
FLORIDA HEALTH AND LIFE INSURANCE Accident - Correct Answer - An unplanned, unforeseen event which occurs suddenly and at an
unspecified place
EXAM/ QUESTIONS WITH CORRECT ANSWERS-
LATEST 2026. Accident Insurance - Correct Answer - A type of insurance that protects the insured against loss due to
accidental bodily injury
Accidental Bodily Injury - Correct Answer - Unplanned, unforeseen traumatic injury to the body
According to Mandatory Uniform Policy Provisions, what is the maximum amount of time after the
premium due date during which the policy remains in force even though the premium has not been
paid? - Correct Answer - 31 days Accidental Death and Dismemberment - Correct Answer - An insurance policy which pays a specified
amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight, or loses
two limbs due to an accident
G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at
age 50, how long would G's family receive an income? - Correct Answer - 10 years
Accidental Death Benefits - Correct Answer - A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death
E and F are business partners. Each takes out a $500,000 life insurance policy on the other, naming
himself as primary beneficiary. E and F eventually terminate their business, and four months later E dies.
Although E was married with three children at the time of death, the primary beneficiary is still F. Activities of Daily Living - Correct Answer - Activities individuals must do every day such as moving about,
However, an insurable interest no longer exists. Where will the proceeds from E's life insurance policy be getting dressed, eating, bathing, etc.
directed to? - Correct Answer - F
Actual Charge - Correct Answer - The amount a physician or supplier actually bills for a particular service
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for: - Correct or supply
Answer - health information
Adhesion - Correct Answer - A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the
What do Dread Disease policies cover? - Correct Answer - A specific disease or illness insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured
When an insurance application is taken by a producer, which of these statements is true? - Correct
Answer - Any changes made on the application require the applicant's initials Admitted (Authorized) Insurer - Correct Answer - An insurance company authorized and licensed to
transact insurance in a particular state
A student pilot can pay regular premium costs for her life insurance policy with the addition of which of
the following? - Correct Answer - Aviation exclusion Adult Day Care - Correct Answer - A program for impaired adults that attempts to meet their health,
social, and functional needs in a setting away from their homes
pg. 1 pg. 2
, Adverse Selection - Correct Answer - The tendency of risks with higher probability of loss to purchase
and maintain insurance more often than the risks who present lower probability If an individual has an Accidental Death and Dismemberment policy and dies, and autopsy can be
performed in all these situations, EXCEPT: - Correct Answer - When the state prohibits this by law
Which of the following reimburses its insureds for covered medical expenses? - Correct Answer -
Commercial insurers
P is a producer who notices 5 questions on a life application were not answered. What actions should P
take? - Correct Answer - Set up a meeting with the applicant to answer the remaining questions
Under Florida law, which of the following provisions is NOT required in a Medicare Supplement policy? -
Correct Answer - Limitation on pre-existing conditions for up to 12 months
A disability elimination period is best described as a: - Correct Answer - time deductible
Which organization was established to provide funds to protect an insured in the event of an insurer's
insolvency? - Correct Answer - Florida Life and Health Insurance Guaranty Association
Which type of insurance company allows their policyowners to elect a governing body? - Correct Answer
- Mutual
Major Medical policies typically: - Correct Answer - contain a deductible and coinsurance
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 Agreement, which of the following is TRUE? -
The Life and Health Insurance Guaranty Association is - Correct Answer - funded by admitted insurance
Correct Answer - Each partner owns a $500,000 policy on their partner's life
companies through assessments
N is a student pilot with a large life insurance policy. Which of these features would limit the insurer's
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and
obligation in the event N was killed while flying as a student pilot? - Correct Answer - Exclusion
Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in
a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to: - Correct
Answer - P only
A policyowner's rights are limited under which beneficiary designation? - Correct Answer - Irrecovable
Which of the following is considered an accurate statement of an unfair trade practice? - Correct Answer
What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her
- Twisting involves an agent using misrepresentation to convince a policyowner to cancel their current
consent when a change of beneficiary is made? - Correct Answer - Irrevocable beneficiary
policy so that they can purchase a new life insurance policy with another company
Which type of contract liquidates an estate through recurrent payments? - Correct Answer - Annuity
Which of the following is an example of an Unfair Trade Practice? - Correct Answer - Coercison
Under Florida law, a variable annuity policyowner must be notified of the accumulated value of the
The Legal Actions provision of an insurance contract is designed to do all of the following, EXCEPT: -
contract - Correct Answer - once each year
Correct Answer - protect the producer
J let her life insurance policy lapse 8 months ago due to nonpayment. She can reestablish coverage
Which of these actions should a producer take when submitting an insurance application to an insurer? -
under which of the following provisions? - Correct Answer - Reinstatement provision
Correct Answer - Inform insurer of relevant information not included on the application
Which is the purpose of the Life and Health Insurance Guaranty Association? - Correct Answer - Protects
A Health Reimbursement Arrangement MUST be established: - Correct Answer - by the employer policyowners against insolvent insurance companies
pg. 3 pg. 4
