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Florida Life & Health Insurance Practice Test
Practice with 2,180 national questions and 600 Florida-specific questions. Every question is free to answer and includes a full explanation.
Pair Florida-specific insurance rules with life policies, health coverage and annuities. Use the Florida guide to check which license and exam match your intended work.
Try a free 10-question Florida practice set
National concepts and Florida rules, with explanations after each answer. No signup or timer.
Review Florida practice questions
Read the reasoning behind each answer, then try the practice set above.
An applicant knowingly states on a life insurance application that she has never been treated for a heart condition, although she is currently under a cardiologist's care. Under Florida law, this is
Answer: B. insurance fraud - a knowing misrepresentation of a material fact to obtain insurance
Why B is correct
Under Chapter 626, Florida Statutes, and DFS fraud-enforcement policy, knowingly making a false statement of material fact in an insurance application to obtain coverage is insurance fraud. The misstatement about active cardiac treatment is material to underwriting, so it can void the policy and expose the applicant to penalties, whatever the insurer might later discover on its own.
Why the other options are wrong
- A) The insurer's ability to investigate later does not legalize a knowing falsehood on the application.
- C) Knowing and material falsehoods are not innocent mistakes - fraud requires exactly that intent and materiality.
- D) Twisting concerns an agent's misrepresentation that induces replacement of an existing policy, not the applicant's own falsehood.
Memory hook
Knowingly false + material = fraud.
A new employee at a Miami insurance agency is confused about Florida's regulatory structure. Which of the following is the Office of Financial Regulation (OFR) responsible for regulating?
Answer: B. The banking, securities, and consumer finance industries in Florida
Why B is correct
Under Florida's financial services structure, the Office of Financial Regulation (OFR) regulates state banking, the securities industry, and consumer finance - not insurance. Insurance agent licensing and agent-conduct investigations are handled by the Department of Financial Services (DFS), while insurer solvency, rates, and policy form approval belong to the Office of Insurance Regulation (OIR) under the Florida Insurance Code (Chapters 624-626). In practice, an insurance licensee who sends a licensing question to the OFR will simply be redirected to the DFS.
Why the other options are wrong
- A) Agent licensing and disciplinary investigations of producers belong to the Department of Financial Services, not the OFR.
- C) Insurer solvency, rates, and policy form approval are duties of the Office of Insurance Regulation under the Florida Insurance Code.
- D) The guaranty association is governed by Chapter 631, Florida Statutes, and is not an OFR responsibility.
Memory hook
OFR = banks and securities; DFS = agents; OIR = insurers.
A Miami agent collects the initial premium and gives the applicant a binding receipt, but never forwards the money, and the policy is issued as applied for. If a covered loss occurs, the insurer
Answer: B. must treat the premium as received and honor its obligations, while pursuing the agent for the funds
Why B is correct
Under Chapter 626, Florida Statutes, because the agent is the insurer's agent for collection, premium received by the agent is deemed received by the insurer. The insurer must therefore honor the policy, and its remedy lies against the defaulting agent - misappropriating premiums exposes the agent to revocation and prosecution by DFS.
Why the other options are wrong
- A) Nonpayment cannot be asserted against the insured when the insurer's own authorized agent collected the money.
- C) The insured already paid once through the insurer's agent; a second demand for the same premium is not permitted.
- D) DFS regulates and disciplines agents; it does not step in to pay insurers' claims.
Memory hook
The insurer answers for its agent's sticky fingers.
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Use our state guide for exam formats, fees, registration, pre-licensing requirements and official sources. Guide facts last verified: 2026-09-02.
Read the Florida exam guide →This free practice set is a study aid. It is not the official exam, a full-length simulation, or a prediction of your result.
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