Free Florida Life practice questions

Answer: A. As an omission misrepresenting the policy's benefits, advantages, conditions or terms

Florida deems an insurer's failure to provide or deliver a required buyer's guide or policy summary to be an omission that misrepresents the policy's benefits, advantages, conditions or terms. The statute does not make the policy voidable, does not treat the failure as cured by issuing the policy, and does not make the consequence depend on proof that the buyer lost money.

Answer: A. It is an unfair practice, because insurance is being offered free as an inducement to buy real property.

Florida makes it an unfair practice to advertise, offer, or provide insurance at no charge to induce someone to buy real or personal property or related services. Insurance counts as free when the purchaser pays no identifiable and additional charge for it, so the builder absorbing the cost is what makes the coverage free; it is not a defense. The exemption for insurance on property involved in the sale applies to a policy covering the seller's or vendor's interest in that property, and an auto policy for the buyer is neither. Nothing in the free insurance rule limits it to life or disability coverage.

Answer: A. Nothing, because Jordan passed within the year before filing

When an applicant subject to a written examination is approved, the department notifies the applicant of when and where to take it, unless the applicant already passed the examination within the 1-year period before filing the application. Jordan passed eight months before filing, so no examination needs to be scheduled. The exception turns only on that 1-year window, so testing before filing is no obstacle, and the section sets neither a six-month limit nor a partial retake.

Answer: C. The exact discount fee a credit card facility charges when the insured pays by card

Florida treats it as an unfair practice to knowingly collect, as a premium or charge for insurance, any sum above or below the premium that applies under the filed and approved classifications and rates. The statute carves out narrow exceptions, and one lets a licensed agent pass along the exact amount of a discount or similar fee that a credit card facility charges for use of the card. A flat charge for paying by check and a postage surcharge are add-ons the agent created, and no exception covers them. A written agreement by the insured does not create an exception either, because the test is the filed and approved premium.

Answer: A. A table showing installment amounts and periods, though the office may excuse impractical tables

When a Florida policy provides for paying its proceeds in installments, the policy must include a table showing the amount and period of those installments. The office may allow certain tables to be left out if it judges that including them is not practical. The other choices describe consent, interest-rate, and rider requirements that the installment-table provision does not contain.

Answer: D. They must be based on and consistent with it, and may not be more restrictive than it is

The privacy provision requires the rules to be based on, consistent with, and not more restrictive than the NAIC regulation adopted September 26, 2000, so rules stricter than the model would not comply. Because the rules must be based on the NAIC model, they cannot set it aside where federal law is silent; they must also stay consistent with, and no stricter than, Title V of the Gramm-Leach-Bliley Act. Far from barring research, the statute requires the rules to allow nonpublic personal health information to be used and disclosed for scientific, medical, or public policy research, in line with federal law.

Answer: D. No, because the policy had not been in force for 2 years during the insured's lifetime

Florida requires the policy to become incontestable once it has been in force during the insured's lifetime for 2 years from its date of issue. This insured died on November 5, 2025, less than 2 years after the January 10, 2024 issue date, so the period never ran while the insured was alive and the policy remained contestable. Counting calendar time up to the March 2026 review is the wrong measure, because the statute counts only time in force during the insured's lifetime. Surviving the first policy year is not the test, and Florida's period is 2 years, not 3.

Answer: C. Within 60 days after the denial

Florida directs the department to refund the state and county taxes it received with an appointment application when the person entitled to them asks in writing within 60 days after the appointment is denied or disapproved. Thirty and 45 days are shorter than the window the statute allows, and 90 days is longer. The same provision bars any refund once an appointment has actually been issued.

Answer: C. The right to be serviced by a competent, honest insurance agent or broker

The policyholder bill of rights lists principles that guide the department, commission, and office in exercising their powers, interpreting the law, and adopting rules. Among them are rights to competitive pricing practices, comprehensive coverage, accurate and balanced advertising, a financially stable company, a readable policy, and service by a competent, honest agent or broker. None of the listed principles promises a premium that never rises, payment of every claim within a set number of days, or coverage that continues without payment of premium.

Answer: C. Act in the consumer's best interest, without putting the agent's or insurer's finances first

Florida requires an agent who recommends an annuity to act in the consumer's best interest, judged by the circumstances known when the recommendation is made, and not to place the agent's or insurer's financial interest ahead of the consumer's. The same paragraph says these duties do not create a fiduciary relationship and impose no ongoing monitoring under the care obligation, so the fiduciary choice fails. It also says the annuity with the lowest compensation structure need not be the one recommended, which defeats the lowest-commission choice, and that the agent is not required to analyze products outside the agent's own authority and license, which defeats the whole-market choice.