Study For Fl Insurance Exam Free
Test taking strategies proven to prepare licensees for the insurance license exam. Here are the secrets to pass your life & health insurance, property & casualty insurance and Series 6 license exam. Enroll now and Get an Insurance License! Aug 20, 2020 We offer a 100% risk-free, money back guarantee. Our large, easy-to-read flashcards help you learn through repetition, and the questions cover every content area of the exam. Not only that, the cards make it easy for a friend or relative to help quiz you on the questions you’ll need to know to pass the Insurance Claims Adjuster exam. The Florida Health & Life (Including Annuities & Variable Contracts) Study Manual is published under contract with the Florida Department of Financial Services by NAIFA-Florida for the Florida Life, Health, and Variable Contracts Pre-Licensing (60-hour) course. This manual is the only version that should be used to prepare for the state examination. All of the insurance exam questions are multiple choice. There are no fill-ins (no need to memorize) and no essay (no need to be ready to explain anything) questions. A multiple choice test will usually test heavily on definitions (terminology) and numbers (dollar amounts and number of days). The exam is drawn from a large pool of questions. Simulated Insurance Exam – the final step in our system mirrors the experience of taking the actual Insurance Exam! This is a timed test, just like the real thing, and offers the same number of questions that are on the real exam.
Every state requires licensure for anyone who will beselling, discussing, or advising customers on the purchase of Life and HealthInsurance. Licensing requirements vary from state to state with a formalexamination used to ensure a standard level of competence throughout theinsurance industry.
The licensing exam consists of two parts: general to lifeand health insurance overall and state-specific regulations, policies, andprocedures.
Basic Requirements
Eligibility requirements to obtain licensing vary by state.Generally, the following are the basic requirements:
- 18 or older
- Pass the state licensing exam
- Application and fees
Additional requirements may include:
- Fingerprints
- Clear criminal history report
- Continuing Education
- Proof of financial responsibility
Confirm requirements for your state with the insurancelicensing department.
Test Design
The exam has two sections: a general knowledge portion, anda state-specific section that covers rules, guidelines, and regulations uniqueto each state. The test is computer-delivered with a two-and-a-half hour timelimit.
The General Knowledge section contains 120 questions. Thefollowing competencies make up the General Knowledge section:
- Types of policies
- Traditional whole life products
- Interest/market-sensitive/adjustable lifeproducts
- Term life
- Annuities
- Combination plans and variations
- Policy riders, provisions, options, andexclusions
- Policy riders
- Policy provisions and options
- Policy Exclusions
- Completing the application, underwriting, and deliveringthe policies
- Completing the application
- Underwriting
- Delivering the policy
- Contract law
- Taxes, retirement, and other insurance concepts
- Third-party ownership
- Viatical settlements
- Life Settlements
- Group life insurance
- Retirement plans
- Life insurance needs analysis/suitability
- Social Security benefits
- Tax treatment of insurance premiums, proceeds,and dividends
- Types of policies
- Disability income
- Accidental death and dismemberment
- Medical expense insurance
- Medicare supplement policies
- Group insurance
- Individual/Group Long Term Care (LTC)
- Policy provisions, clauses, and riders
- Mandatory and optional provisions
- Other provisions and clauses
- Riders
- Rights of renewability
- Social Insurance
- Medicare parts A, B, C, and D
- Medicaid
- Social Security benefits
- Other insurance concepts
- Total, partial, recurrent and residualdisability
- Owner’s rights
- Dependent children benefits
- Primary and contingent beneficiaries
- Premium payment delivery methods
- Non-duplication and coordination of benefits
- Occupational versus non-occupational
- Tax consequence of premiums and proceeds ofinsurance contracts
- Managed care
- Worker’s Compensation
- Subrogation
- Field underwriting procedures
- Completing the application
- Sources of insurability and Health Insurance Portabilityand Accountability (HIPAA)
- Initial premium payment, receipt, andconsequences of the receipt
- Application and payment submission forunderwriting
- Delivery of policy
- Policy explanation
- Replacement
- Contract law
The state-specific section has 30 questions. The content ofthis section varies from state to state, but topics are similar. Content forthe state-specific section of the exam may include the following categories:
- Statutes and rules governing life and healthinsurance
- Commissioner of Insurance
- Powers and duties
- Records examination
- Investigation/Notice of hearing
- Penalty assessment and enforcement
- Definitions used relating to life and healthinsurance
- Certificate of authority
- Transacting insurance
- Foreign, domestic, and alien
- Stock, mutual
- Licensing requirements
- Types
- Exemptions/exceptions
- Appointment
- Continuing education requirements
- License: denial, renewal, and expiration
- License: termination, revocation, and suspension
- Marketing practices
- Unfair or prohibited
- Agent duties and responsibilities fortransparency
- Commissioner of Insurance
- Statutes and rules for life insurance
- Marketing and solicitation
- Policy provisions
- Group life
- Credit life
- Non-forfeiture law
- Statutes and rules for accident and healthinsurance
- Policy provisions: required, optional
- Medicare supplement
- AIDS testing requirements
- Long-term care
- Small group health insurance
- Certificate of coverage
- Affordable Care Act (ACA)
- Statutes and rules for health maintenanceorganizations (HMO)
- Definitions
- Evidence of coverage
- Non-renewal/cancelation
- enrollment
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Registration and cost
Each state has its own procedure to register for the Lifeand Health Insurance exam. The majority of states have contracted with testfacilitators to accept registrations, schedule, and deliver the exam to its candidates.Refer to your state’s licensing board for eligibility requirements andregistration method. Most states will utilize an online application andregistration format.
Testing fees range from $40.00 (Pennsylvania) to $170.00(California). In many states, applying for your license and the testing fee areseparate. Veterans may have the opportunity to use their educational benefitsfor the cost of the exam.
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Test Day
Plan to arrive at your testing center at least 30 minutesbefore your scheduled appointment. You will need one form of government-issuedidentification, an additional form of identification such as a social securitycard or credit card. Your identification needs to be valid and not expired.Dependent on your state’s requirements, you may have to get your fingerprintstaken before or after the exam. No personal items are allowed in the testingcenter.
Before beginning your exam, you may take a pre-test tobecome familiar with the delivery method. Once you have completed the pre-test,your time starts, and the exam begins. Breaks are not included in theexamination period.
Exam scoring andresults
The passing score for the Life and Health Insurance Licensing exam is set by each state. For studying and planning purposes, setting a goal of obtaining at least an 80% on your exam should ensure successful attainment. An example of a passing score is 70% for Texas. Check with your state’s licensing board for the score required to pass. Score reports are provided at the conclusion of your exam. Your report will indicate your pass or fail status, not the percentage correct or the number of questions answered correctly.
How Can I Prepare for the Life and Health Insurance Test?
That’s a great question. We’ve broken down the answer into three parts.
- Do yourself a favor and study. Do not walk in unprepared. We have recommended prep materials below, but that only helps if you actually try. Plus, studying is actually proven to be the best antidote to test anxiety.
- Take care of yourself. Make sure you’re eating well, exercising, and sleeping. All of these things are scientifically linked to brain performance. If you take care of your body, you’ll be helping your grades.
- Get a study guide or set of flashcards. Some people study better a certain way. Find your study strengths and make the most of them. We’ve tried to make it easy for you by tracking down the best study guide and flashcard set for your exam. Below you’ll see links to both!