Updated- Florida Insurance Adjuster
Exam (100% Correct Answers) 2025/2026
How soon after a loss must a person insured under a health policy provide notice to the insurance
company?
Twenty days
How long does an insurance company have to reject a reinstatement application before it is
...
Updated- Florida Insurance Adjuster
Exam (100% Correct Answers) 2025/2026
How soon after a loss must a person insured under a health policy provide notice to the insurance
company?
Twenty days
How long does an insurance company have to reject a reinstatement application before it is
automatically reinstated?
45 days
Who funds the Life and Health Insurance Guaranty Association?
Admitted insurance companies through assessments
When a policy is delivered after approval, and the insured pays the premium upon delivery, when does
coverage begin?
When the policy is delivered and the premium is paid
Who are life insurance companies allowed to make policy rate discriminations against?
Smokers
In the event of a fatal accident involving multiple beneficiaries, who will receive the Accidental Death
benefits if the primary beneficiary is deceased?
The contingent beneficiary
What is the minimum grace period for a health insurance policy with annual premium payments?
31 days
Which service is NOT typically covered under a hospitalization expense policy?
1
, Surgeon’s fees
If an insured dies and the insurer finds material misrepresentations in the application, what will happen?
The beneficiary will still receive the death benefit
Which term describes the clause in an insurance policy that specifies which losses are covered due to an
accident or illness?
Insuring clause
If K applies for life insurance and submits the initial premium, receiving a receipt stating that coverage
will start immediately upon approval, what type of receipt did she receive?
Conditional
What is the term for a life insurance arrangement that avoids insurable interest laws?
Investor-Originated Life Insurance
Which provision in a health policy clarifies that the producer has no authority to alter the policy or waive
its terms?
Entire Contract
How many days after receiving a Medicare Supplement policy can it be returned for a full premium
refund?
30
Which situation is NOT considered an unfair practice in claim settlements?
Needing written documentation of claim details
Who does NOT need to sign a life insurance application?
Beneficiary
2
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