FLORIDA 2-15 INSURANCE LICENSE
CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Accumulation units are converted into annuity units:.
Answer: at the time of annuity payout.
◍ A group life insurance plan in which the employer pays the entire premium
is known as a ________________ plan..
Answer: noncontributory
◍ Accumulation units are converted into annuity units.
Answer: at the time of annuity payout.
◍ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to.
Answer: both the insurer and the insured
◍ Deductibles under a group major medical plan usually run from $250 to
$500; whereas individual health plans usually run from:.
Answer: $1000 plus
◍ If a disabled worker covered under Social Security disability benefits
recovers and then is disabled again within five years, a new waiting period
is required before benefits begin again..
Answer: FALSE
◍ A life insurance policy will not be reinstated if it has been.
Answer: surrendered for its cash value.
,◍ Lauren wants to purchase an annuity that will pay her a guaranteed income
for the remainder of her life once she retires. Which type of annuity should
she purchase?.
Answer: Straight Life Income
◍ According to Florida's Standard Valuation Law, the __________________
is mandatory.
Answer: legal reserve
◍ Equity indexed annuities are a form of.
Answer: fixed rate annuity
◍ Robert had an accident and qualified for Social Security disability. Given
the waiting period, when will Robert begin to receive benefits?.
Answer: After 5 months
◍ The Insuring Clause includes all of the following EXCEPT the.
Answer: beneficiary
◍ Mutualization occurs when a stock company turns to a __________
company..
Answer: mutual
◍ To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses..
Answer: stop-loss
◍ Tom is a newly appointed life, health and variable annuity agent with Acme
Insurance Agency. He is writing his first insurance policy on his
brother-in-law's life. Who does Tom legally represent in this transaction?.
Answer: Acme Insurance Agency
◍ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to..
Answer: both the insurer and the insured
◍ Social Security provides welfare benefits to all citizens.
, Answer: FALSE
◍ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability..
Answer: FALSE
◍ A _____________ group involves combining several parties into a group for
the purpose of obtaining insurance.
Answer: fictitious
◍ The type of annuity that provides a guaranteed rate of return is called a
variable annuity.
Answer: FALSE
◍ Which statement is CORRECT about the Department of Financial Services'
right to examine an agent's records?.
Answer: An examination can be conducted at any time to discover any
unfair trade practices.
◍ Bill gives Jim a couple of tickets to a Florida Gators game to thank him for
purchasing a policy. This is an example of:.
Answer: rebating
◍ Mathew purchased an annuity naming his wife, Cher, beneficiary. Upon
Mathew's death, Cher will receive the proceeds:.
Answer: taxed as ordinary income above Mathew's cost basis
◍ ____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires..
Answer: Level
◍ Business overhead expense (
B. O.
E. ) insurance does not provide benefits to cover the business owner's
salary..
Answer: TRUE
◍ Which of the following expenses would NOT be covered under a Business
CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Accumulation units are converted into annuity units:.
Answer: at the time of annuity payout.
◍ A group life insurance plan in which the employer pays the entire premium
is known as a ________________ plan..
Answer: noncontributory
◍ Accumulation units are converted into annuity units.
Answer: at the time of annuity payout.
◍ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to.
Answer: both the insurer and the insured
◍ Deductibles under a group major medical plan usually run from $250 to
$500; whereas individual health plans usually run from:.
Answer: $1000 plus
◍ If a disabled worker covered under Social Security disability benefits
recovers and then is disabled again within five years, a new waiting period
is required before benefits begin again..
Answer: FALSE
◍ A life insurance policy will not be reinstated if it has been.
Answer: surrendered for its cash value.
,◍ Lauren wants to purchase an annuity that will pay her a guaranteed income
for the remainder of her life once she retires. Which type of annuity should
she purchase?.
Answer: Straight Life Income
◍ According to Florida's Standard Valuation Law, the __________________
is mandatory.
Answer: legal reserve
◍ Equity indexed annuities are a form of.
Answer: fixed rate annuity
◍ Robert had an accident and qualified for Social Security disability. Given
the waiting period, when will Robert begin to receive benefits?.
Answer: After 5 months
◍ The Insuring Clause includes all of the following EXCEPT the.
Answer: beneficiary
◍ Mutualization occurs when a stock company turns to a __________
company..
Answer: mutual
◍ To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses..
Answer: stop-loss
◍ Tom is a newly appointed life, health and variable annuity agent with Acme
Insurance Agency. He is writing his first insurance policy on his
brother-in-law's life. Who does Tom legally represent in this transaction?.
Answer: Acme Insurance Agency
◍ An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to..
Answer: both the insurer and the insured
◍ Social Security provides welfare benefits to all citizens.
, Answer: FALSE
◍ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability..
Answer: FALSE
◍ A _____________ group involves combining several parties into a group for
the purpose of obtaining insurance.
Answer: fictitious
◍ The type of annuity that provides a guaranteed rate of return is called a
variable annuity.
Answer: FALSE
◍ Which statement is CORRECT about the Department of Financial Services'
right to examine an agent's records?.
Answer: An examination can be conducted at any time to discover any
unfair trade practices.
◍ Bill gives Jim a couple of tickets to a Florida Gators game to thank him for
purchasing a policy. This is an example of:.
Answer: rebating
◍ Mathew purchased an annuity naming his wife, Cher, beneficiary. Upon
Mathew's death, Cher will receive the proceeds:.
Answer: taxed as ordinary income above Mathew's cost basis
◍ ____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires..
Answer: Level
◍ Business overhead expense (
B. O.
E. ) insurance does not provide benefits to cover the business owner's
salary..
Answer: TRUE
◍ Which of the following expenses would NOT be covered under a Business
