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XCEL FINAL EXAM FLORIDA LIFE AND HEALTH
INSURANCE/ XCEL FINAL VERSION 2 LATEST 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+
In Florida, a health policy that is paid on a quarterly basis requires a
grace period of
10 days
31 days
45 days
7 days ......ANSWER......31 days
What type of insurance company is domiciled in England, but
conducts business in Florida?
Foreign
Transatlantic
Alien
Domestic ......ANSWER......Alien
The minimum age at which a person can sign a life insurance
application is
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17 years
16 years
15 years
18 years ......ANSWER......15 years
An applicant who pays the initial premium at the time of application is
typically given a(n)
official receipt
conditional receipt
certified receipt
binding receipt ......ANSWER......conditional receipt
In Florida, the underwriting and issuance of a master group health
policy requires that all employees
need to be individually approved or declined during the underwriting
process
take a physical examination before the master policy is issued
must contribute toward the group health policy's premiums
are eligible to participate, regardless of their individual health history
......ANSWER......are eligible to participate, regardless of their
individual health history
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
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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?
The proceeds would be reduced based on whatever the premium
would have been if purchased at age 59
There would be no death proceeds paid out by the insurer
The policy's full death benefit would be paid, due to the expiration of
the incontestable period
The insurer is only obligated to refund all premiums paid
......ANSWER......The proceeds would be reduced based on whatever
the premium would have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT
receive payment from health insurance policies?
Dentists
Naturopaths
Pediatricians
Optometrists ......ANSWER......Naturopaths
An example of false advertising would be
An insurer advertising in an insurance trade journal
An agent spending more than $25 on marketing gifts for a client
An insurer exaggerating its dividends in a magazine advertisement
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Paid testimonials from celebrity endorsements ......ANSWER......An
insurer exaggerating its dividends in a magazine advertisement
Which of the following acts is an agent NOT authorized to do on
behalf of an insurer?
Accept premiums from policyowners
Authorize claim payments
Complete insurance applications
Ask health related questions ......ANSWER......Authorize claim
payments
An insurance company incorporated under the laws of the state in
which its home office is located is called a(n) ____ company.
foreign
alien
domestic
authorized ......ANSWER......domestic
Which of the following is a standard provision of the conversion
privileges in a Group Life policy?
Group Life coverage can only be converted if the employer pays for
the individual policy
Group Life coverage can be converted to an individual policy at regular
rates on an attained-age basis
pg. 4
XCEL FINAL EXAM FLORIDA LIFE AND HEALTH
INSURANCE/ XCEL FINAL VERSION 2 LATEST 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+
In Florida, a health policy that is paid on a quarterly basis requires a
grace period of
10 days
31 days
45 days
7 days ......ANSWER......31 days
What type of insurance company is domiciled in England, but
conducts business in Florida?
Foreign
Transatlantic
Alien
Domestic ......ANSWER......Alien
The minimum age at which a person can sign a life insurance
application is
pg. 1
,2|Page
17 years
16 years
15 years
18 years ......ANSWER......15 years
An applicant who pays the initial premium at the time of application is
typically given a(n)
official receipt
conditional receipt
certified receipt
binding receipt ......ANSWER......conditional receipt
In Florida, the underwriting and issuance of a master group health
policy requires that all employees
need to be individually approved or declined during the underwriting
process
take a physical examination before the master policy is issued
must contribute toward the group health policy's premiums
are eligible to participate, regardless of their individual health history
......ANSWER......are eligible to participate, regardless of their
individual health history
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
pg. 2
,3|Page
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?
The proceeds would be reduced based on whatever the premium
would have been if purchased at age 59
There would be no death proceeds paid out by the insurer
The policy's full death benefit would be paid, due to the expiration of
the incontestable period
The insurer is only obligated to refund all premiums paid
......ANSWER......The proceeds would be reduced based on whatever
the premium would have been if purchased at age 59
In Florida, which of the following practitioners normally do NOT
receive payment from health insurance policies?
Dentists
Naturopaths
Pediatricians
Optometrists ......ANSWER......Naturopaths
An example of false advertising would be
An insurer advertising in an insurance trade journal
An agent spending more than $25 on marketing gifts for a client
An insurer exaggerating its dividends in a magazine advertisement
pg. 3
, 4|Page
Paid testimonials from celebrity endorsements ......ANSWER......An
insurer exaggerating its dividends in a magazine advertisement
Which of the following acts is an agent NOT authorized to do on
behalf of an insurer?
Accept premiums from policyowners
Authorize claim payments
Complete insurance applications
Ask health related questions ......ANSWER......Authorize claim
payments
An insurance company incorporated under the laws of the state in
which its home office is located is called a(n) ____ company.
foreign
alien
domestic
authorized ......ANSWER......domestic
Which of the following is a standard provision of the conversion
privileges in a Group Life policy?
Group Life coverage can only be converted if the employer pays for
the individual policy
Group Life coverage can be converted to an individual policy at regular
rates on an attained-age basis
pg. 4
