FLORIDA 2-15 INSURANCE LICENSE
ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ Barber Board.
Answer: The board appointed by the Governor and confirmed by the Senate
to regulate the practice of barbering.
◍ Speculative Risk.
Answer: Risk that involves chance of both loss and gain; not insurable
◍ Barber.
Answer: A person licensed to practice barbering in the state of Florida.
◍ Pure Risk.
Answer: Risk that involves the chance of loss only, there is no opportunity
for gain; insurable
◍ Law of Large Numbers.
Answer: Basic principle of insurance that the larger the number of individual
risks combined into a group, the more certainty there is in predicting the
amount of loss that will be incurred in any given period.
◍ Elements of Insurable Risk.
Answer: Loss must be: due to chance, definite and measurable, predictable,
cannot be catastrophic, loss exposures to be insured must be large, loss
exposures to be insured must be randomly selected.
◍ Hazard.
Answer: Any factor that gives rise to a peril.
,◍ Barber board.
Answer: A person who is licensed to engage in the practice of barbering in
the state.
◍ Governor.
Answer: The individual responsible for appointing the members of the
Barber Board.
◍ Senate.
Answer: The legislative body responsible for confirming the members of the
Barber Board.
◍ Barbershop.
Answer: Any place of business where the practice of barbering is carried on.
◍ Peril.
Answer: Specific event causing loss and giving rise to risk. (Fire is a peril to
a burning building)
◍ D.
B. P.
R. .
Answer: The department of Business and Professional Regulations,
headquartered in Tallahassee, Florida, responsible for overseeing barbering
regulations.
◍ M.
S. D.
S. .
Answer: Material Safety Data Sheets containing information on potential
hazards and handling of substances used in barbering.
◍ EPA.
Answer: Environmental Protection Agency, responsible for protecting
human health and the environment.
◍ Barber's Act.
, Answer: Act 476 regulating barbershops, including space requirements and
conditions for operation.
◍ Risk Pooling.
Answer: Basic principle of insurance whereby a large number contribute to
cover the losses of a few. The risk is transferred from an individual to a
group.
◍ Gross malpractice or gross incompetency.
Answer: Serious violations that can result in a 3 to 9 month suspension of a
barber's license.
◍ Terms of serving on board.
Answer: No more than 2 consecutive terms.
◍ Physical Hazard.
Answer: Individual characteristics that increase the chance of peril.
(Blindness or deafness)
◍ Unlicensed barbering.
Answer: A 2nd degree misdemeanor and will be reported for prompt
prosecution.
◍ Hours before barber's exam.
Answer: 900 hours for Full Barber and 600 hours for Restricted Barber in
the State of Florida.
◍ Moral Hazard.
Answer: Tendencies that people may have that increase risk and the chance
of loss. (Alcohol and drugs)
◍ Morale Hazard.
Answer: Individual tendencies that arise from an attitude or state of mind
causing indifference to loss. (Driving reckless with no fear of death)
◍ Risk Avoidance.
Answer: Avoiding as many risks as possible. (Never flying, never driving,
never investing)
, ◍ Risk Reduction.
Answer: Taking actions to reduce risk. (Installing a smoke alarm)
◍ Biennial Renewal Barbers License.
Answer: Renewal done on July 31 of even-numbered years, requiring
16-hour continuing education.
◍ Risk Retention.
Answer: Accepting the risk and confronting it if and when it occurs.
(Self-insurance)
◍ Risk Transfer.
Answer: The practice of passing on the risk in question to another entity,
such as an insurance company.
◍ Barbershop licenses renewal.
Answer: Renewal on or before November 30 of even-numbered years.
◍ Pediculosis capitis.
Answer: Lice infestation.
◍ Chapter 61G3.
Answer: Fees related to barbering.
◍ Handwashing.
Answer: Thoroughly washing hands with soap and water before providing
services to each client.
◍ Statues and Rules.
Answer: Laws and regulations outlined in Chapter 476 of the Florida
Statutes and Rule 61G3 of the Florida administration code that govern
barbers.
◍ Adverse Selection.
Answer: less favorable insurance risks (people in poor health) to seek or
continue insurance to a greater extent than other risks. Tendency of
policymakers to take advantage of favorable options in insurance contracts.
ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ Barber Board.
Answer: The board appointed by the Governor and confirmed by the Senate
to regulate the practice of barbering.
◍ Speculative Risk.
Answer: Risk that involves chance of both loss and gain; not insurable
◍ Barber.
Answer: A person licensed to practice barbering in the state of Florida.
◍ Pure Risk.
Answer: Risk that involves the chance of loss only, there is no opportunity
for gain; insurable
◍ Law of Large Numbers.
Answer: Basic principle of insurance that the larger the number of individual
risks combined into a group, the more certainty there is in predicting the
amount of loss that will be incurred in any given period.
◍ Elements of Insurable Risk.
Answer: Loss must be: due to chance, definite and measurable, predictable,
cannot be catastrophic, loss exposures to be insured must be large, loss
exposures to be insured must be randomly selected.
◍ Hazard.
Answer: Any factor that gives rise to a peril.
,◍ Barber board.
Answer: A person who is licensed to engage in the practice of barbering in
the state.
◍ Governor.
Answer: The individual responsible for appointing the members of the
Barber Board.
◍ Senate.
Answer: The legislative body responsible for confirming the members of the
Barber Board.
◍ Barbershop.
Answer: Any place of business where the practice of barbering is carried on.
◍ Peril.
Answer: Specific event causing loss and giving rise to risk. (Fire is a peril to
a burning building)
◍ D.
B. P.
R. .
Answer: The department of Business and Professional Regulations,
headquartered in Tallahassee, Florida, responsible for overseeing barbering
regulations.
◍ M.
S. D.
S. .
Answer: Material Safety Data Sheets containing information on potential
hazards and handling of substances used in barbering.
◍ EPA.
Answer: Environmental Protection Agency, responsible for protecting
human health and the environment.
◍ Barber's Act.
, Answer: Act 476 regulating barbershops, including space requirements and
conditions for operation.
◍ Risk Pooling.
Answer: Basic principle of insurance whereby a large number contribute to
cover the losses of a few. The risk is transferred from an individual to a
group.
◍ Gross malpractice or gross incompetency.
Answer: Serious violations that can result in a 3 to 9 month suspension of a
barber's license.
◍ Terms of serving on board.
Answer: No more than 2 consecutive terms.
◍ Physical Hazard.
Answer: Individual characteristics that increase the chance of peril.
(Blindness or deafness)
◍ Unlicensed barbering.
Answer: A 2nd degree misdemeanor and will be reported for prompt
prosecution.
◍ Hours before barber's exam.
Answer: 900 hours for Full Barber and 600 hours for Restricted Barber in
the State of Florida.
◍ Moral Hazard.
Answer: Tendencies that people may have that increase risk and the chance
of loss. (Alcohol and drugs)
◍ Morale Hazard.
Answer: Individual tendencies that arise from an attitude or state of mind
causing indifference to loss. (Driving reckless with no fear of death)
◍ Risk Avoidance.
Answer: Avoiding as many risks as possible. (Never flying, never driving,
never investing)
, ◍ Risk Reduction.
Answer: Taking actions to reduce risk. (Installing a smoke alarm)
◍ Biennial Renewal Barbers License.
Answer: Renewal done on July 31 of even-numbered years, requiring
16-hour continuing education.
◍ Risk Retention.
Answer: Accepting the risk and confronting it if and when it occurs.
(Self-insurance)
◍ Risk Transfer.
Answer: The practice of passing on the risk in question to another entity,
such as an insurance company.
◍ Barbershop licenses renewal.
Answer: Renewal on or before November 30 of even-numbered years.
◍ Pediculosis capitis.
Answer: Lice infestation.
◍ Chapter 61G3.
Answer: Fees related to barbering.
◍ Handwashing.
Answer: Thoroughly washing hands with soap and water before providing
services to each client.
◍ Statues and Rules.
Answer: Laws and regulations outlined in Chapter 476 of the Florida
Statutes and Rule 61G3 of the Florida administration code that govern
barbers.
◍ Adverse Selection.
Answer: less favorable insurance risks (people in poor health) to seek or
continue insurance to a greater extent than other risks. Tendency of
policymakers to take advantage of favorable options in insurance contracts.
