Florida Health and Life Insurance Exam|Questions with Correct Answers- Latest 2025
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Module
Florida Health and Life Insurance
Institution
Florida Health And Life Insurance
Florida Health and Life Insurance Exam|Questions
with Correct Answers- Latest 2025
What do Dread Disease policies cover? - ANSWER -A specific disease or illness
When an insurance application is taken by a producer, which of these statements is
true? - ANSWER -Any changes made on the applicati...
Florida Health and Life Insurance Exam|Questions
with Correct Answers- Latest 2025
What do Dread Disease policies cover? - ANSWER -A specific disease or illness
When an insurance application is taken by a producer, which of these statements is
true? - ANSWER -Any changes made on the application require the applicant's initials
A student pilot can pay regular premium costs for her life insurance policy with the
addition of which of the following? - ANSWER -Aviation exclusion
What is the consideration given by an insurer in the Consideration clause of a life
policy? - ANSWER -Promise to pay a death benefit to a named beneficiary
Which of the following reimburses its insureds for covered medical expenses? -
ANSWER -Commercial insurers
Under Florida law, which of the following provisions is NOT required in a Medicare
Supplement policy? - ANSWER -Limitation on pre-existing conditions for up to 12
months
Which organization was established to provide funds to protect an insured in the event
of an insurer's insolvency? - ANSWER -Florida Life and Health Insurance Guaranty
Association
Major Medical policies typically: - ANSWER -contain a deductible and coinsurance
The Life and Health Insurance Guaranty Association is - ANSWER -funded by admitted
insurance companies through assessments
P and Q are married and have three children. P is the primary beneficiary on Q's
Accidental Death and 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: - ANSWER -P only
Which of the following is considered an accurate statement of an unfair trade practice?
- ANSWER -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
Which of the following is an example of an Unfair Trade Practice? - ANSWER -
Coercison
The Legal Actions provision of an insurance contract is designed to do all of the
following, EXCEPT: - ANSWER -protect the producer
, Which of these actions should a producer take when submitting an insurance
application to an insurer? - ANSWER -Inform insurer of relevant information not
included on the application
A Health Reimbursement Arrangement MUST be established: - ANSWER -by the
employer
If an individual has an Accidental Death and Dismemberment policy and dies, and
autopsy can be performed in all these situations, EXCEPT: - ANSWER -When the state
prohibits this by law
P is a producer who notices 5 questions on a life application were not ANSWERed.
What actions should P take? - ANSWER -Set up a meeting with the applicant to
ANSWER the remaining questions
A disability elimination period is best described as a: - ANSWER -time deductible
Which type of insurance company allows their policyowners to elect a governing body?
- ANSWER -Mutual
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? - ANSWER -Each partner owns a $500,000 policy on
their partner's life
N is a student pilot with a large life insurance policy. Which of these features would limit
the insurer's obligation in the event N was killed while flying as a student pilot? -
ANSWER -Exclusion
A policyowner's rights are limited under which beneficiary designation? - ANSWER -
Irrecovable
What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary
requires his/her consent when a change of beneficiary is made? - ANSWER -
Irrevocable beneficiary
Which type of contract liquidates an estate through recurrent payments? - ANSWER -
Annuity
Under Florida law, a variable annuity policyowner must be notified of the accumulated
value of the contract - ANSWER -once each year
J let her life insurance policy lapse 8 months ago due to nonpayment. She can
reestablish coverage under which of the following provisions? - ANSWER -
Reinstatement provision
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