Florida XCEL health Practice Exam 2026 Correct and Verified Answers Graded A

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Florida XCEL health Practice Exam 2026 Correct and Verified Answers Graded A

1. Question: The coordination of benefits (COB) provision exists in order to

Correct Answer: avoid duplication of benefit payment

• Question: Which of the following acts is an agent NOT authorized to do on behalf of an

insurer?

• Solicit applications
• Authorize claim payments
• Deliver policies
• Collect initial premiums

Correct Answer: B) Authorize claim payments

• Question: An example of false advertising would be:
• Explaining policy benefits accurately
• Providing a buyer's guide
• An insurer exaggerating its dividends in a magazine advertisement
• Offering a premium discount based on health history

Correct Answer: C) An insurer exaggerating its dividends in a magazine advertisement

• Question: S takes out a health insurance policy which contains a provision that states

that the agent does not have the authority to change the policy or waive any of its provisions. Which health policy provision is this?

Correct Answer: Entire Contract

• Question: What are adjustable rates for life policy loans in Florida based on?

Correct Answer: Moody's corporate bond index

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• Question: In Florida, which of the following practitioners normally do NOT receive

payment from health insurance policies?

• Dentists
• Optometrists
• Chiropractors
• Naturopaths

Correct Answer: D) Naturopaths

• Question: W gave W's age as 50 when W purchased a Life policy. At the time of W's

death seven years later, the company discovered W's true age at issue had been 59. What would the normal procedure be under the misstatement of age provision in regard to the payment of the death claim?Correct Answer: The proceeds would be reduced based on whatever the premium would have been if purchased at age 59

• Question: In Florida, monthly-premium health insurance policies must provide a grace

period of at least:

Correct Answer: 10 days

• Question: The minimum age at which a person can sign a life insurance application is:

Correct Answer: 15 Years

• Question: What type of insurance company is domiciled in England, but conducts

business in Florida?

Correct Answer: Alien

• Question: Which of the following can an agent provide to help a prospective client

understand and purchase the most appropriate product?

• Policy summary
• Buyer's guide
• Guaranty Association disclaimer
• Underwriting manual

Correct Answer: B) Buyer's guide

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• Question: Which of the following employees may NOT be excluded from a group life

plan?

• Part-time employees
• Temporary employees
• Full-time employees AFTER the probationary period
• Independent contractors

Correct Answer: C) Full-time employees AFTER the probationary period

• Question: The free-look period for all qualified Long-term care policies sold in Florida is

__ days.

Correct Answer: 30

• Question: Under Florida law, which of the following provisions is NOT required in a

Medicare Supplement policy?

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

Correct Answer: C) Limitation on pre-existing conditions for up to 12 months (Note: It would be correct if it was 6 months).

15. Question: Which of the following is considered to be misrepresentation?

• Sharing commissions with a licensed agent
• An agent guaranteeing a policy's dividends
• Replacing an existing policy legally
• Offering a Buyer's Guide

Correct Answer: B) An agent guaranteeing a policy's dividends

• Question: Upon reaching the limiting age, a disabled child may extend their health

insurance coverage as a dependent:

Correct Answer: only if the child is incapable of employment and chiefly dependent on the policyowner

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17. Question: What do Dread Disease policies cover?

Correct Answer: A specific disease or illness

18. Question: What do families pay that are covered by the Florida Healthy Kids

Corporation?

Correct Answer: A portion of the premium

• Question: Which of the following is NOT required in the Outline of Coverage for a health

insurance policy?

• Summary of benefits
• Projection of the policy's future costs
• Principal exclusions
• Renewal provisions

Correct Answer: B) Projection of the policy's future costs

• Question: In what year was The Florida Office of Financial Regulation (OFR) created?

Correct Answer: 2003

• Question: Which of the following MUST be included in a Medicare Supplement policy's

Outline of Coverage?

• Agent's commission rate
• Insurer's financial rating
• The policy's limitations and exceptions
• The policyholder's medical history

Correct Answer: C) The policy's limitations and exceptions

• Question: Which of the following is NOT required on every insurance application sold in

Florida?

• Name of the agent
• Address and phone number of the agent
• Name of the insurer
• Agent's license identification number