215 FL LICENSE EXAM 2025/2026 QUESTIONS WITH
ANSWERS GRADED A+
✔✔A potential clients, age 40, would like to purchase a whole life policy that will
accumulate cash value at a faster rate in the early years of the policy. Which of these
statements made by the producer would be correct? - ✔✔20-pay life accumulate cash
value faster than straight life
✔✔What is the initial requirement for an insured to become eligible for benefits under
the waiver of premium provision? - ✔✔Insured must be under a physician's care
✔✔A variable life insurance agent must be licensed and appointed as a life and variable
contract agent, as well as a - ✔✔broker-dealer
✔✔Which of the following statements regarding a tax sheltered annuity (TSA) Is
incorrect? - ✔✔The income from the TSA is received income tax-free
✔✔Disability policies do not normally pay for disabilities arising from which of the
following? - ✔✔war
✔✔A major medical policy typically - ✔✔provides benefits for reasonable and necessary
medical expenses, subject to policy limits
✔✔When a policy owner exchange is a term policy for a whole life policy without
providing proof of good health, which of these apply? - ✔✔Conversion provision
✔✔The coordination of benefits provision - ✔✔prevents an insured covered by two
health plans from making a profit on a covered loss
✔✔C is a key employee at ABC incorporated. If a key employee life policy is purchased
on her life, which of these statements would be true? - ✔✔ABC is the policyowner, C is
the insured, and ABC is the beneficiary
✔✔Non-occupational disability coverage is designed for - ✔✔employees who suffer
non-work related disabilities, since work-related disabilities are covered by Workers'
Compensation
✔✔Which of the following reimburses it's insureds for covered medical expenses? -
✔✔Commercial insurers
✔✔As a condition for a loan, a bank requires the borrower to purchase credit insurance
from a specific company. What is the bank guilty of? - ✔✔coercion
, ✔✔Any changes made on an insurance application requires the initials of whom? -
✔✔applicant
✔✔Who owns a stock company? - ✔✔stockholders
✔✔Which provision prevents an insurer from changing the terms of the contract with the
policy owner by referring to documents not found within the policy itself? - ✔✔Entire
contract provision
✔✔Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the insurance
company. What action should J take? - ✔✔Return to the customer, collect a new check
made out to the insurance company, and send the new check out to the insurance
company
✔✔Under federal tax laws, what is the tax treatment for an employer providing $50,000
of a contributory group Term Life plan to all its eligible employees? - ✔✔Portion of the
premiums paid for by the employer may be a tax deduction
✔✔M is insured under a basic Hospital/Surgical Expense policy. A physician performs
surgery on M. What determines the claim M is eligible for? - ✔✔Determined by the
terms of the policy
✔✔Credit life insurance is - ✔✔issued in an amount not to exceed the amount of the
loan
✔✔The USA Patriot Act was enacted in - ✔✔2001
✔✔Which is true concerning a variable universal life policy? - ✔✔Policyowner controls
where the investment will go and selects the amount of the premium payment
✔✔What is the required minimum percentage of employee participation for a non-
contributory group health insurance plan according to Florida law? - ✔✔0%
✔✔Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - ✔✔Subrogation
✔✔Coordination of Benefits (COB) provision exists in order to - ✔✔Avoid duplication of
benefit payments
ANSWERS GRADED A+
✔✔A potential clients, age 40, would like to purchase a whole life policy that will
accumulate cash value at a faster rate in the early years of the policy. Which of these
statements made by the producer would be correct? - ✔✔20-pay life accumulate cash
value faster than straight life
✔✔What is the initial requirement for an insured to become eligible for benefits under
the waiver of premium provision? - ✔✔Insured must be under a physician's care
✔✔A variable life insurance agent must be licensed and appointed as a life and variable
contract agent, as well as a - ✔✔broker-dealer
✔✔Which of the following statements regarding a tax sheltered annuity (TSA) Is
incorrect? - ✔✔The income from the TSA is received income tax-free
✔✔Disability policies do not normally pay for disabilities arising from which of the
following? - ✔✔war
✔✔A major medical policy typically - ✔✔provides benefits for reasonable and necessary
medical expenses, subject to policy limits
✔✔When a policy owner exchange is a term policy for a whole life policy without
providing proof of good health, which of these apply? - ✔✔Conversion provision
✔✔The coordination of benefits provision - ✔✔prevents an insured covered by two
health plans from making a profit on a covered loss
✔✔C is a key employee at ABC incorporated. If a key employee life policy is purchased
on her life, which of these statements would be true? - ✔✔ABC is the policyowner, C is
the insured, and ABC is the beneficiary
✔✔Non-occupational disability coverage is designed for - ✔✔employees who suffer
non-work related disabilities, since work-related disabilities are covered by Workers'
Compensation
✔✔Which of the following reimburses it's insureds for covered medical expenses? -
✔✔Commercial insurers
✔✔As a condition for a loan, a bank requires the borrower to purchase credit insurance
from a specific company. What is the bank guilty of? - ✔✔coercion
, ✔✔Any changes made on an insurance application requires the initials of whom? -
✔✔applicant
✔✔Who owns a stock company? - ✔✔stockholders
✔✔Which provision prevents an insurer from changing the terms of the contract with the
policy owner by referring to documents not found within the policy itself? - ✔✔Entire
contract provision
✔✔Agent J takes an application and initial premium from an applicant and sends the
application and premium check to the insurance company. The insurance company
returns the check back to J because the check is made out to J instead of the insurance
company. What action should J take? - ✔✔Return to the customer, collect a new check
made out to the insurance company, and send the new check out to the insurance
company
✔✔Under federal tax laws, what is the tax treatment for an employer providing $50,000
of a contributory group Term Life plan to all its eligible employees? - ✔✔Portion of the
premiums paid for by the employer may be a tax deduction
✔✔M is insured under a basic Hospital/Surgical Expense policy. A physician performs
surgery on M. What determines the claim M is eligible for? - ✔✔Determined by the
terms of the policy
✔✔Credit life insurance is - ✔✔issued in an amount not to exceed the amount of the
loan
✔✔The USA Patriot Act was enacted in - ✔✔2001
✔✔Which is true concerning a variable universal life policy? - ✔✔Policyowner controls
where the investment will go and selects the amount of the premium payment
✔✔What is the required minimum percentage of employee participation for a non-
contributory group health insurance plan according to Florida law? - ✔✔0%
✔✔Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - ✔✔Subrogation
✔✔Coordination of Benefits (COB) provision exists in order to - ✔✔Avoid duplication of
benefit payments
