4/22/25, 9:51 AM
Florida 2-15 Insurance License Exam NEWEST 2024 2025 ACTUAL EXAM
\NEWEST VERSION WITH UPDATED QUESTIONS AND CORRECT DETAILED
ANSWERS \\VERIFIED ANSWERS \GUARANTEED PASS \GRADED A+
Terms in this set (149)
Which type of life insurance Industrial life insurance
is sold by home service
insurers?
Social Security provides FALSE
welfare benefits to all
citizens.
In general, the standard life two years.
insurance
Incontestable Clause means
that a policy is
incontestable after:
A medical expense policy Indemnity
states that it will pay a flat
$200 a day for each day of
hospitalization. The policy
pays benefits on what
basis?
Basic Medical Expense TRUE
insurance limits coverage
to specific types of medical
care.
/ 1/2
3
,4/22/25, 9:51 AM
A _____ group involves fictitious
combining
several parties into a group
for the purpose of obtaining
insurance.
The _______ Act mandated McCarran-Ferguson
once and
for all that insurance would
be regulated by the
states.
The type of annuity that FALSE
provides a guaranteed rate
of return is called a variable
annuity.
Mathew purchased an taxed as ordinary income above Mathew's cost basis.
annuity naming his wife,
Cher, beneficiary. Upon
Mathew's
death, Cher will receive the
proceeds:
Policy reserves are the insurer
intangible amounts set
aside by the ___out of
the
insurer's assets at the
beginning of the policy
period.
SIMPLE plans can be TRUE
structured as an IRA or a
401(k).
A complete examination of once every five years.
an HMO's affairs is
conducted at least:
/ 2/2
3
, 4/22/25, 9:51 AM
A portion of a mutual refunds
insurer's premiums are paid
out as policy dividends and
are considered:
COBRA provides health 18 months
benefit extensions for
______ after employment
is
terminated.
Which of the following Owner's salary
expenses would NOT be
covered under a
Business
Overhead Expense policy?
Complete this sentence: higher the premium.
"Typically, the shorter the
premium-paying period, the
_________________."
Florida statutes require 60
licensees to notify the
Department in writing
within days
after a change of name,
residence address, principal
business street address, or
mailing address.
Which of the following best It provides coverage for a number of people under a single
describes the basic contract.
principal of group
insurance?
Under the surgical schedule is assigned a dollar amount by the insurer.
method of a basic medical
expense plan, every
procedure:
Which of the following is an Replacing a policy within the same company in a deceptive or
example of "churning?" misleading manner
What is the Free Look Period 14 days
for annuity contracts?
/ 3/2
3
Florida 2-15 Insurance License Exam NEWEST 2024 2025 ACTUAL EXAM
\NEWEST VERSION WITH UPDATED QUESTIONS AND CORRECT DETAILED
ANSWERS \\VERIFIED ANSWERS \GUARANTEED PASS \GRADED A+
Terms in this set (149)
Which type of life insurance Industrial life insurance
is sold by home service
insurers?
Social Security provides FALSE
welfare benefits to all
citizens.
In general, the standard life two years.
insurance
Incontestable Clause means
that a policy is
incontestable after:
A medical expense policy Indemnity
states that it will pay a flat
$200 a day for each day of
hospitalization. The policy
pays benefits on what
basis?
Basic Medical Expense TRUE
insurance limits coverage
to specific types of medical
care.
/ 1/2
3
,4/22/25, 9:51 AM
A _____ group involves fictitious
combining
several parties into a group
for the purpose of obtaining
insurance.
The _______ Act mandated McCarran-Ferguson
once and
for all that insurance would
be regulated by the
states.
The type of annuity that FALSE
provides a guaranteed rate
of return is called a variable
annuity.
Mathew purchased an taxed as ordinary income above Mathew's cost basis.
annuity naming his wife,
Cher, beneficiary. Upon
Mathew's
death, Cher will receive the
proceeds:
Policy reserves are the insurer
intangible amounts set
aside by the ___out of
the
insurer's assets at the
beginning of the policy
period.
SIMPLE plans can be TRUE
structured as an IRA or a
401(k).
A complete examination of once every five years.
an HMO's affairs is
conducted at least:
/ 2/2
3
, 4/22/25, 9:51 AM
A portion of a mutual refunds
insurer's premiums are paid
out as policy dividends and
are considered:
COBRA provides health 18 months
benefit extensions for
______ after employment
is
terminated.
Which of the following Owner's salary
expenses would NOT be
covered under a
Business
Overhead Expense policy?
Complete this sentence: higher the premium.
"Typically, the shorter the
premium-paying period, the
_________________."
Florida statutes require 60
licensees to notify the
Department in writing
within days
after a change of name,
residence address, principal
business street address, or
mailing address.
Which of the following best It provides coverage for a number of people under a single
describes the basic contract.
principal of group
insurance?
Under the surgical schedule is assigned a dollar amount by the insurer.
method of a basic medical
expense plan, every
procedure:
Which of the following is an Replacing a policy within the same company in a deceptive or
example of "churning?" misleading manner
What is the Free Look Period 14 days
for annuity contracts?
/ 3/2
3
