FLORIDA INSURANCE EXAM
QUESTIONS AND ANSWERS | 2026
UPDATE | 100% CORRECT.
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the: - ANS Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the
application. She is given a receipt by the agent stating that coverage begins immediately if the
application is approved. What kind of receipt was used? - ANS Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: -
ANS Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions? - ANS Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a
100% premium refund? - ANS 30
Which of the following is NOT an unfair claim settlement practice? - ANS Needing written
documentation of claim details
Who is NOT required to sign a life insurance application? - ANS Beneficiary
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 16
,To be eligible for Social Security disability benefits, an employee must be unable to perform: -
ANS any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): -
ANS Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - ANS beneficiary
Which of the following is considered an accurate statement of an unfair trade practice? -
ANS Twisting involves an agent using misrepresentation to convince a policyowner to cancel
their current policy so that they can purchase a new life insurance policy with another company
The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): -
ANS Living Benefit
Which of the following policy features allows an insured to defer current health charges to the
following year's deductible instead of the current year's deducitble? - ANS Carryover
provision
Insurance policies are considered aleatory contracts because - ANS performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial Services of a change
in address? - ANS 30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency? - ANS Florida Life and Health Insurance Guaranty Association
The clause in an Accident and Health policy which defines the benefit amounts the insurer will
pay is called the: - ANS Insuring clause
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 16
, When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may
be considered a red flag for a(n): - ANS Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income
benefits no less frequently than which of the following options? - ANS Monthly
What would the Medical Information Bureau (MIB) identify? - ANS Testing positive for
marijuana use from a previous screening
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - ANS If the primary beneficiary dies before the insured
Under a Renewable Term policy, - ANS the renewal premium is calculated on the basis of the
insured's attained age
Which of the following statements is true about most Blue Cross/Blue Shield organizations? -
ANS They are nonprofit organizations
If a policyowner does not pay the premium by the due date, the - ANS policyowner can make
the premium payment during the grace period
According to Florida law, which of the following information does NOT need to be obtained by
an agent recommending an annuity purchase? - ANS Marital status
Which of these characteristics is consistent with a Straight Life policy? - ANS Premiums are
payable for as long as there is insurance coverage in force
P completes an application for a $10,000 life policy, but does not give the producer the initial
premium. P's coverage becomes effective when: - ANS P receives the policy and pays the
premium
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 16
QUESTIONS AND ANSWERS | 2026
UPDATE | 100% CORRECT.
The clause identifying which losses resulting from an accident or sickness are insured by the
policy is called the: - ANS Insuring clause
K applies for a life insurance policy on herself and submits the initial premium with the
application. She is given a receipt by the agent stating that coverage begins immediately if the
application is approved. What kind of receipt was used? - ANS Conditional
A life insurance arrangement which circumvents insurable interest statutes is called: -
ANS Investor-Originated Life Insurance
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions? - ANS Entire Contract
Within how many days after policy delivery can a Medicare Supplement policy be returned for a
100% premium refund? - ANS 30
Which of the following is NOT an unfair claim settlement practice? - ANS Needing written
documentation of claim details
Who is NOT required to sign a life insurance application? - ANS Beneficiary
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 16
,To be eligible for Social Security disability benefits, an employee must be unable to perform: -
ANS any occupation
The type of annuity that can be purchased with one monetary deposit is called a(n): -
ANS Immediate annuity
A life insurance application must be signed by all of these, EXCEPT: - ANS beneficiary
Which of the following is considered an accurate statement of an unfair trade practice? -
ANS Twisting involves an agent using misrepresentation to convince a policyowner to cancel
their current policy so that they can purchase a new life insurance policy with another company
The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): -
ANS Living Benefit
Which of the following policy features allows an insured to defer current health charges to the
following year's deductible instead of the current year's deducitble? - ANS Carryover
provision
Insurance policies are considered aleatory contracts because - ANS performance is
conditioned upon a future occurrence
Within how many days must a licensee notify the Department of Financial Services of a change
in address? - ANS 30
Which organization was established to provide funds to protect an insured in the event of an
insurer's insolvency? - ANS Florida Life and Health Insurance Guaranty Association
The clause in an Accident and Health policy which defines the benefit amounts the insurer will
pay is called the: - ANS Insuring clause
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 16
, When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may
be considered a red flag for a(n): - ANS Anti-Money Laundering violation
According to the Time Payment of Claims provision, the insurer must pay Disability Income
benefits no less frequently than which of the following options? - ANS Monthly
What would the Medical Information Bureau (MIB) identify? - ANS Testing positive for
marijuana use from a previous screening
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - ANS If the primary beneficiary dies before the insured
Under a Renewable Term policy, - ANS the renewal premium is calculated on the basis of the
insured's attained age
Which of the following statements is true about most Blue Cross/Blue Shield organizations? -
ANS They are nonprofit organizations
If a policyowner does not pay the premium by the due date, the - ANS policyowner can make
the premium payment during the grace period
According to Florida law, which of the following information does NOT need to be obtained by
an agent recommending an annuity purchase? - ANS Marital status
Which of these characteristics is consistent with a Straight Life policy? - ANS Premiums are
payable for as long as there is insurance coverage in force
P completes an application for a $10,000 life policy, but does not give the producer the initial
premium. P's coverage becomes effective when: - ANS P receives the policy and pays the
premium
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 16
