Florida Life and Health Insurance Agent Exam
Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in Florida.Who Grants a License: Licenses are granted by the Florida Department of Financial Services.
Qualifications to receive a License: Florida residents desiring any type of insurance license must:
• Be at least 18 years of age
• Be a United States citizen or legal alien
• Submit an online application
• Submit a set of fingerprints via Live Scan.
Applying for the Agent Exam: The State of Florida utilizes Pearson VUE to develop and administer its insurance licensing examination program. Pearson VUE is a leading provider of assessment services to regulatory agencies and national associations. All exams must be applied for online at www.pearsonvue.com/fl/insurance. It is highly recommended that the Florida Insurance Licensing Candidate Handbook be reviewed, and special attention be given to the content outlines (available at www.pearsonvue.com), before taking an examination
Candidates may call Pearson VUE at (800) 274-2020 if they need assistance with online reservations.
Test Information: When candidates complete the examination, they will receive a score report marked Candidates who pass the examination will receive a score report that includes information on how to apply for a license. Candidates who fail the examination will receive a score report that includes a diagnostic score report. The passing score for all examinations is 70%. Each line of authority exam contains both general knowledge content, as well as state-specific content. The Florida Insurance Licensing Candidate Handbook contains specific content information beyond the following general outlines:
FLORIDA AGENT’S LIFE INSURANCE AND ANNUITY (Time limit: 2 hours)
GENERAL KNOWLEDGE CONTENT
I. TYPES OF POLICIES (14%)
A. Traditional whole life products
B. Interest/market-sensitive life products
C. Term life
D. Annuities
E. Combination plans and variations
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS (22%)
A. Policy riders
B. Policy provisions and options
C. Policy exclusions
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY (13%)
A. Completing the application
B. Underwriting
C. Delivering the policy
IV. TAXES, RETIREMENT, AND OTHER INSURANCE CONCEPTS (9%)
A. Third-party ownership
B. Group life insurance
C. Retirement plans
D. Life insurance needs analysis/suitability
E. Social Security benefits and taxes
F. Tax treatment of insurance premiums, proceeds, and dividends
FLORIDA SPECIFIC CONTENT
I. FLORIDA STATUTES, RULES AND REGULATIONS COMMON TO ALL LINES (24%)
A. Financial Services Regulation
B. Department of Financial Services
C. Office of Insurance Regulation
D. Office of Financial Regulation
E. Definitions
F. Licensing
G. Agent responsibilities
H. Insurance guaranty fund
I. Marketing practices
II. FLORIDA STATUTES, RULES, AND REGULATIONS PERTINENT TO LIFE AND ANNUITY INSURANCE, INCLUDING VARIABLE PRODUCTS (18%)
A. Marketing methods and practice
B. Policy replacement
C. Individual contracts
D. Group Life
E. Annuities
FLORIDA AGENT’S HEALTH INSURANCE (85 scoreable questions plus 15 pretest questions – Time limit: 2 hours)
ACCIDENT & HEALTH – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
I. TYPES OF POLICIES (16%)
A. Disability income
B. Accidental death and dismemberment
C. Medical expense insurance
D. Medicare supplement policies
E. Group insurance
F. Long Term Care (LTC)
G. Limited Benefit Plans
II. POLICY PROVISIONS, CLAUSES, AND RIDERS (23%)
A. Mandatory provisions
B. Optional provisions
C. Other provisions and clauses
D. Riders
E. Rights of renewability
III. SOCIAL INSURANCE (4%)
A. Medicare
B. Medicaid
C. Social Security benefits
IV. OTHER INSURANCE CONCEPTS (5%)
A. Total, partial, and residual disability
B. Owner’s rights
C. Dependent children benefits
D. Primary and contingent beneficiaries
E. Modes of premium payments
F. Nonduplication and coordination of benefits
G. Occupational vs. non-occupational
H. Tax treatment of premiums and proceeds of insurance contracts
I. Managed care
J. Workers Compensation
K. Subrogation
V. FIELD UNDERWRITING PROCEDURES (11%)
A. Completing application and obtaining necessary signatures
B. Explaining sources of insurability information
C. Initial premium payment and receipt and consequences of the receipt
D. Submitting application (and initial premium if collected) to company for underwriting
E. Ensuring delivery of policy and related documents to client
F. Explaining policy and its provisions, riders, exclusions, and ratings to clients
G. Replacement
H. Contract law
FLORIDA STATUTES, RULES, AND REGULATIONS
I. FLORIDA STATUTES, RULES AND REGULATIONS COMMON TO ALL LINES (13%)
A. Financial Services Regulation
B. Department of Financial Services
C. Office of Insurance Regulation
D. Office of Financial Regulation
E. Definitions
F. Licensing
G. Agent responsibilities
H. Insurance guaranty fund
I. Marketing practices
II. FLORIDA STATUTES, RULES, AND REGULATIONS PERTINENT TO LIFE AND ANNUITY INSURANCE, INCLUDING VARIABLE PRODUCTS (10%)
A. Marketing methods and practices
B. Policy replacement
C. Individual contracts
D. Group Life
E. Annuities
III. FLORIDA STATUTES, RULES, AND REGULATIONS PERTINENT TO HEALTH INSURANCE (10%)
A. Standard Policy Provisions and Clauses (individual and group)
B. Group Health insurance
C. Disclosure
D. Medicare Supplement Insurance
E. Long-term Care Policies
F. Requirements for small employers
g. Florida Healthy Kids Corporation
H. Requirements relating to HIV/AIDS
I. Plan Types
J. Dread Disease Policy
How to Apply for the License: Submit a license application to the department online. If you need to correspond through standard mail, the following addresses are appropriate:
Pearson VUE Licensing Information:
Pearson VUE
Florida Insurance
Attn: Regulatory Program
5601 Green Valley Dr.
Bloomington, MN 55437
800-274-2020
State Licensing Information:
Florida Department of Financial Services
Bureau of Licensing
200 East Gaines Street
Tallahassee, FL 32399-0319
(850) 413-3137
http://www.MyFloridaCFO.com/Division/Agents
Post Licensing Requirements
No one can transact insurance or adjust claims unless they are officially appointed. The appointing entity must go to the Department’s website at www.MyFloridaCFO.com/Division/Agents.
License Renewal Requirements: Individual Producer licenses must be renewed every two years and there is a continuing education requirement. The initial appointment is valid for two (2) years plus the remaining months until the licensee’s birth month. Once the appointment is renewed it is valid for two (2) years unless canceled by the licensee or the appointing entity. An agent/adjuster cannot renew their own appointment unless they hold a license which allows self-appointment. Please contact your appointing entity for information concerning their renewal requirements.
Applicable Regulations: Life and health insurance agents in Florida are regulated by the Florida Department of Financial Services.
For more information on life and health insurance agent licensing and exam preparation, go to Tests.com’s Life and Health Insurance Exam Guide.
And take Tests.com’s free Life and Health Insurance Agent Practice Test.
For life and health insurance agent exam preparation products, such as study guides, flashcards and courses, go to Tests.com’s Life and Health Insurance Sales Exam listings.
