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FLORIDA 2-15 INSURANCE LICENSE
EXAM 2026|WELL REVISED QUESTIONS
WITH VERIFIED ANSWERS
A life insurance policy will not be reinstated if it has been: - correct-answer -
surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? - correct-
answer -Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - correct-answer -parent or legal guardian
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When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - correct-answer -defamation
__________ is when policy values of an insurance policy are used to purchase
another policy with the same insurer for the sole purpose of earning additional
premiums or commissions. - correct-answer -Churning
Once an organization has filed an application to conduct insurance business, the
Office of Insurance Regulation will begin its review for issuing a(n): - correct-
answer -Certificate of Authority
Florida law requires health insurance policies and HMO contracts to provide
coverage for all medically necessary equipment, supplies and services used to
treat diabetes when the patient's physician certifies that they are medically
necessary. - correct-answer -TRUE
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If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - correct-answer -NO
Which of the following is NOT a benefit to key person insurance? - correct-answer
-Wage control
The "currently insured" classification under Social Security limits survivorship
benefits. In order to be eligible for Social Security survivor benefits, a person must
have earned _________________ period ending with the quarter in which the
worker died. - correct-answer -six credits during the 13-quarter
A prospectus for an individual variable insurance contract: - correct-answer -must
accompany every sales presentation.
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Most group disability policies use the ___________ method to calculate the
amount of the insured's earnings prior to the accident. - correct-answer -
percentage
Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. - correct-
answer -FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - correct-answer -Gender
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? - correct-answer -Straight Life Income Annuity
FLORIDA 2-15 INSURANCE LICENSE
EXAM 2026|WELL REVISED QUESTIONS
WITH VERIFIED ANSWERS
A life insurance policy will not be reinstated if it has been: - correct-answer -
surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? - correct-
answer -Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - correct-answer -parent or legal guardian
,2|Page
When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - correct-answer -defamation
__________ is when policy values of an insurance policy are used to purchase
another policy with the same insurer for the sole purpose of earning additional
premiums or commissions. - correct-answer -Churning
Once an organization has filed an application to conduct insurance business, the
Office of Insurance Regulation will begin its review for issuing a(n): - correct-
answer -Certificate of Authority
Florida law requires health insurance policies and HMO contracts to provide
coverage for all medically necessary equipment, supplies and services used to
treat diabetes when the patient's physician certifies that they are medically
necessary. - correct-answer -TRUE
,3|Page
If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - correct-answer -NO
Which of the following is NOT a benefit to key person insurance? - correct-answer
-Wage control
The "currently insured" classification under Social Security limits survivorship
benefits. In order to be eligible for Social Security survivor benefits, a person must
have earned _________________ period ending with the quarter in which the
worker died. - correct-answer -six credits during the 13-quarter
A prospectus for an individual variable insurance contract: - correct-answer -must
accompany every sales presentation.
, 4|Page
Most group disability policies use the ___________ method to calculate the
amount of the insured's earnings prior to the accident. - correct-answer -
percentage
Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. - correct-
answer -FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - correct-answer -Gender
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? - correct-answer -Straight Life Income Annuity
