State RegulationsFL specificDifficulty 2/5
All of the following statements about Florida's standard life policy provisions are true EXCEPT:
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Chapter 627, Florida Statutes, the standard provisions set minimum protections for individual life policies delivered in Florida, and provisions less favorable to the insured are prohibited; no agreement or waiver by the applicant can lower that floor. Conversely, an insurer may give the insured more than the statute requires. Because this is an EXCEPT stem, the false statement, that a signed waiver can cure a prohibited provision, is the correct answer.
Why the other options are wrong
- B) This is true: the provisions operate as mandatory minimums for covered policies.
- C) This is true: more-favorable terms are always permitted.
- D) This is true: Chapter 627's standard provisions govern policies delivered in Florida by authorized insurers.
Memory hook
You can exceed the floor; you can never sign below it.