Florida 2-15 Insurance License Exam Questions with
Correct Verified Answers | Latest Update 2026/2027
| Graded A+ | 100% Guaranteed Pass.
Introduction:
This document provides a comprehensive collection of updated exam questions and detailed verified
answers for the Florida 2-15 Insurance License Exam (Life, Health & Variable Annuities) covering the
2025-2026 exam period. It includes essential topics such as life insurance, annuities, health policies,
Social Security, Medicare/Medicaid, underwriting, retirement plans, and Floridaspecific insurance
laws. The material is structured in a questionand-answer format, making it ideal for thorough exam
preparation.
Exam Questions and Answers:
The Social Security payroll tax is known as ____________ tax. --- correct answer --
FICA
What is the operating objective of a stock insurance company? --- correct answer --To
make a profit for its owners, the stockholders
Most adjustable life policies are more expensive than conventional term policies or
whole life policies. --- correct answer ---TRUE HMOs reimburse their insureds for
covered medical expenses. --- correct answer ---FALSE
An agreement that provides that upon a business owner's death, surviving owners
will purchase the deceased's interest, often with funds from life insurance policies
,owned by each principal on the lives of all other principals is the: --- correct answer --
Buy-Sell plan.
A life insurance policy's cash value belongs to the insured. --- correct answer ---FALSE
Agents should check with _________________ to determine if the insurer they are
representing is a properly authorized insurer. --- correct answer ---the Department of
Financial Services
Supplemental Medical Insurance, Medicaid, and U.S. Armed Services and Veterans
Insurance are all examples of what type of insurer? --- correct answer ---Government
Insurers
Section 1035 Exchanges are a way to move annuity funds: --- correct answer --
income tax free.
In a guaranteed renewable health policy, the company may increase premiums: ---
correct answer ---only for an entire class of insureds.
Under the Uniform Provisions Law, which of the following provisions are optional for
a health policy? --- correct answer ---
Change of Occupation
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Which of the following titles can a life insurance agent use when conducting business
--- correct answer ---Neither financial planner, consultant, or investment advisor
Group health insurers must either provide or offer chiropractic coverage. --- correct
answer ---TRUE
, In Florida, which of the following groups are eligible for group life insurance? ---
correct answer ---Typically, any type of legitimate group is eligible to purchase a
group life insurance policy.
The person who has a health maintenance contract is referred to as the: --- correct
answer ---subscriber
In order to qualify for Medicaid benefits, applicants must be at least age ____, blind
or disabled, and meet other eligibility requirements. --- correct answer ---65
Under the Unfair Trade Practices Act, claim forms must be sent to the insured within
_______ from the date a claim is reported. --- correct answer ---15 DAYS
A term life insurance policy's cash value builds during a specifically limited period of
time. --- correct answer ---FALSE
Insurable interest must exist at: --- correct answer ---the time of application.
Correct Verified Answers | Latest Update 2026/2027
| Graded A+ | 100% Guaranteed Pass.
Introduction:
This document provides a comprehensive collection of updated exam questions and detailed verified
answers for the Florida 2-15 Insurance License Exam (Life, Health & Variable Annuities) covering the
2025-2026 exam period. It includes essential topics such as life insurance, annuities, health policies,
Social Security, Medicare/Medicaid, underwriting, retirement plans, and Floridaspecific insurance
laws. The material is structured in a questionand-answer format, making it ideal for thorough exam
preparation.
Exam Questions and Answers:
The Social Security payroll tax is known as ____________ tax. --- correct answer --
FICA
What is the operating objective of a stock insurance company? --- correct answer --To
make a profit for its owners, the stockholders
Most adjustable life policies are more expensive than conventional term policies or
whole life policies. --- correct answer ---TRUE HMOs reimburse their insureds for
covered medical expenses. --- correct answer ---FALSE
An agreement that provides that upon a business owner's death, surviving owners
will purchase the deceased's interest, often with funds from life insurance policies
,owned by each principal on the lives of all other principals is the: --- correct answer --
Buy-Sell plan.
A life insurance policy's cash value belongs to the insured. --- correct answer ---FALSE
Agents should check with _________________ to determine if the insurer they are
representing is a properly authorized insurer. --- correct answer ---the Department of
Financial Services
Supplemental Medical Insurance, Medicaid, and U.S. Armed Services and Veterans
Insurance are all examples of what type of insurer? --- correct answer ---Government
Insurers
Section 1035 Exchanges are a way to move annuity funds: --- correct answer --
income tax free.
In a guaranteed renewable health policy, the company may increase premiums: ---
correct answer ---only for an entire class of insureds.
Under the Uniform Provisions Law, which of the following provisions are optional for
a health policy? --- correct answer ---
Change of Occupation
,Thank you for Purchasing this exam
Study Guide. We provide high-quality
academic materials to help students excel
in exams. Our other Services include but
not limited to: academic research,
University & College assignments writing,
essay writing, Online Classes, and
research projects. Our services are
reliable, affordable, and plagiarism-free.
All the Best in your Exam. For more
information; Contact us at:
or
0R +254
741484450
Which of the following titles can a life insurance agent use when conducting business
--- correct answer ---Neither financial planner, consultant, or investment advisor
Group health insurers must either provide or offer chiropractic coverage. --- correct
answer ---TRUE
, In Florida, which of the following groups are eligible for group life insurance? ---
correct answer ---Typically, any type of legitimate group is eligible to purchase a
group life insurance policy.
The person who has a health maintenance contract is referred to as the: --- correct
answer ---subscriber
In order to qualify for Medicaid benefits, applicants must be at least age ____, blind
or disabled, and meet other eligibility requirements. --- correct answer ---65
Under the Unfair Trade Practices Act, claim forms must be sent to the insured within
_______ from the date a claim is reported. --- correct answer ---15 DAYS
A term life insurance policy's cash value builds during a specifically limited period of
time. --- correct answer ---FALSE
Insurable interest must exist at: --- correct answer ---the time of application.
