FLORIDA HEALTH AND LIFE INSURANCE EXAM AND PRACTICE EXAM LATEST 2026 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

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FLORIDA HEALTH AND LIFE INSURANCE

EXAM AND PRACTICE EXAM (VERIFIED

ANSWERS) | ALREADY GRADED A+

Question 1: 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?

• 10 days
• 15 days
• 21 days
• 31 days

Correct Answer: D) 31 days

Question 2: 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?

• 5 years
• 10 years
• 15 years
• 20 years

Correct Answer: B) 10 years

Question 3: 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. However, an insurable interest no longer exists. Where will the proceeds from E's life insurance policy be directed to?

• E's spouse
• E's children
• F

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• The business estate

Correct Answer: C) F

Question 4: The Health Insurance Portability and Accountability Act (HIPAA) gives privacy

protection for:

• financial records
• driving history
• health information
• credit scores

Correct Answer: C) health information

Question 5: What do Dread Disease policies cover?

• Any terminal illness
• A specific disease or illness
• General hospital expenses
• Outpatient psychiatric care

Correct Answer: B) A specific disease or illness

Question 6: When an insurance application is taken by a producer, which of these statements is true?

• Any changes made on the application require the applicant's initials
• Only the producer can initial changes
• Changes can be made verbally without notation
• The application must be rewritten entirely if an error is made

Correct Answer: A) Any changes made on the application require the applicant's initials

Question 7: A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the following?

• Aviation exclusion
• Guaranteed insurability rider

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• Hazardous occupation waiver
• Accidental death rider

Correct Answer: A) Aviation exclusion

Question 8: What is the consideration given by an insurer in the Consideration clause of a life policy?

• A guarantee of level premiums
• Promise to pay a death benefit to a named beneficiary
• The applicant's medical history
• The first month's premium

Correct Answer: B) Promise to pay a death benefit to a named beneficiary

Question 9: Which of the following reimburses its insureds for covered medical expenses?

• Commercial insurers
• Health Maintenance Organizations (HMOs)
• Preferred Provider Organizations (PPOs)
• Medicaid

Correct Answer: A) Commercial insurers

Question 10: Under Florida law, which of the following provisions is NOT required in a Medicare Supplement policy?

• A 30-day free look period
• Limitation on pre-existing conditions for up to 12 months
• Guaranteed renewability
• An Outline of Coverage

Correct Answer: B) Limitation on pre-existing conditions for up to 12 months

Question 11: Which organization was established to provide funds to protect an insured in the event of an insurer's insolvency?

• Florida Department of Financial Services

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• Office of Insurance Regulation
• Florida Life and Health Insurance Guaranty Association
• National Association of Insurance Commissioners

Correct Answer: C) Florida Life and Health Insurance Guaranty Association

Question 12: Major Medical policies typically:

• cover only specific dread diseases
• contain a deductible and coinsurance
• provide first-dollar coverage without limits
• exclude hospital room and board

Correct Answer: B) contain a deductible and coinsurance

Question 13: The Life and Health Insurance Guaranty Association is funded by:

• state taxes
• federal grants
• admitted insurance companies through assessments
• policyholder premiums

Correct Answer: C) admitted insurance companies through assessments

Question 14: 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:

• P only
• R's estate
• The three children
• Q's estate

Correct Answer: A) P only