Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What should a producer do if the initial premium is NOT submitted with the insurance application?

Reject the application
Pay the premium themselves
Forward the application to the insurer without the initial premium
Wait for the premium before sending the application

The correct answer is: Forward the application to the insurer without the initial premium

If the initial premium is not submitted with the insurance application, option A would not be appropriate as this is a premature action. Option B would also not be recommended as it goes against the role and responsibility of a producer to pay premiums on behalf of the applicant. Option D would be counterproductive as it would delay the process of getting the application to the insurer. Therefore, the best course of action would be to forward the application to the insurer without the initial premium. This way, the insurer can determine the appropriate course of action for the missing premium.