Florida Life and Health Insurance License Practice Test 2025 - Free Insurance Practice Questions and Study Guide

Question: 1 / 400

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

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.

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Wait for the premium before sending the application

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