FLORIDA 2-15 COMPREHENSIVE EXAM REVIEW
2026 QUESTIONS AND SOLUTIONS
◉ In group insurance, the primary purpose of the Coordination of
Benefits provision is to. Answer: Prevent overinsurance
◉ Which of the following statements is NOT true regarding health
insurance policy provisions?. Answer: All additional provisions
written by insurers are cataloged by their respective states.
◉ The policyowner has an option to pledge the life insurance policy
as collateral for a bank loan. This is called. Answer: A collateral
assignment
◉ A whole life policy is surrendered for a reduced-paid up policy.
The cash value in the new policy will. Answer: Continue to increase
◉ When filling out an application for insurance, the applicant makes
a mistake. If a fresh application were not available, what could the
applicant do to properly correct the mistake?. Answer: Cross the
incorrect answer out, write the correct one beside it, and initial the
answer.
,◉ Which of the following riders pays a beneficiary a death benefit
that is double or triple the face amount if the insured's death was
caused by an accident as defined in the policy?. Answer: An
Accidental Death Rider
◉ All of the following are consideration in an insurance policy
EXCEPT. Answer: The cash value in the policy.
◉ An individual has a $200,000 convertible term life insurance
policy. If he chooses, he can. Answer: Convert to a whole life policy
for the same face amount without proof of insurability.
◉ Which of the following is NOT true regarding a deferred annuity?.
Answer: Income payments begin within 1 year from the date of
purchase.
◉ A retail shop owner is insured under a business overhead expense
policy that pays a maximum monthly benefit of $2,500. His actual
monthly expenses are $3,000. If the owner becomes disabled, the
monthly benefit payable under his policy will be. Answer: $2,500
◉ Which federal act defines rules pertaining to protected health
information?. Answer: HIPAA
, ◉ The "stop-loss" feature on a major medical policy is intended to.
Answer: Establish a maximum amount of out-of-pocket expense that
an insured will have to pay for medical expense in a calendar year.
◉ If a business wants to make sure it will be able to cover losses due
to the disability of its top employee, the business should get which
type of insurance?. Answer: Key person disability income
◉ Life insurance creates an immediate estate. Which of the following
best explains this statement?. Answer: The face value of the policy is
payable to the beneficiary upon the death of the insured.
◉ What is the maximum age that a disabled insured worker may
receive Social Security disability benefits?. Answer: 65
◉ Whose responsibility is it to ensure that the application for health
insurance is complete and accurate?. Answer: The agent's
◉ Which of the following policies would NOT offer a policy loan
option?. Answer: Term Life
◉ Regarding the consideration clause, which of the following is NOT
correct?. Answer: Consideration of the insurer and insured must be
equal.
2026 QUESTIONS AND SOLUTIONS
◉ In group insurance, the primary purpose of the Coordination of
Benefits provision is to. Answer: Prevent overinsurance
◉ Which of the following statements is NOT true regarding health
insurance policy provisions?. Answer: All additional provisions
written by insurers are cataloged by their respective states.
◉ The policyowner has an option to pledge the life insurance policy
as collateral for a bank loan. This is called. Answer: A collateral
assignment
◉ A whole life policy is surrendered for a reduced-paid up policy.
The cash value in the new policy will. Answer: Continue to increase
◉ When filling out an application for insurance, the applicant makes
a mistake. If a fresh application were not available, what could the
applicant do to properly correct the mistake?. Answer: Cross the
incorrect answer out, write the correct one beside it, and initial the
answer.
,◉ Which of the following riders pays a beneficiary a death benefit
that is double or triple the face amount if the insured's death was
caused by an accident as defined in the policy?. Answer: An
Accidental Death Rider
◉ All of the following are consideration in an insurance policy
EXCEPT. Answer: The cash value in the policy.
◉ An individual has a $200,000 convertible term life insurance
policy. If he chooses, he can. Answer: Convert to a whole life policy
for the same face amount without proof of insurability.
◉ Which of the following is NOT true regarding a deferred annuity?.
Answer: Income payments begin within 1 year from the date of
purchase.
◉ A retail shop owner is insured under a business overhead expense
policy that pays a maximum monthly benefit of $2,500. His actual
monthly expenses are $3,000. If the owner becomes disabled, the
monthly benefit payable under his policy will be. Answer: $2,500
◉ Which federal act defines rules pertaining to protected health
information?. Answer: HIPAA
, ◉ The "stop-loss" feature on a major medical policy is intended to.
Answer: Establish a maximum amount of out-of-pocket expense that
an insured will have to pay for medical expense in a calendar year.
◉ If a business wants to make sure it will be able to cover losses due
to the disability of its top employee, the business should get which
type of insurance?. Answer: Key person disability income
◉ Life insurance creates an immediate estate. Which of the following
best explains this statement?. Answer: The face value of the policy is
payable to the beneficiary upon the death of the insured.
◉ What is the maximum age that a disabled insured worker may
receive Social Security disability benefits?. Answer: 65
◉ Whose responsibility is it to ensure that the application for health
insurance is complete and accurate?. Answer: The agent's
◉ Which of the following policies would NOT offer a policy loan
option?. Answer: Term Life
◉ Regarding the consideration clause, which of the following is NOT
correct?. Answer: Consideration of the insurer and insured must be
equal.
