FLORIDA 2-15 INSURANCE LICENSE EXAM NEWEST 2026/2027
ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+| INSTANT PDF DOWNLOAD
A life insurance policy will not be reinstated if it has been: - SELECTED ANSWER 👀
surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? - SELECTED
ANSWER 👀 Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - SELECTED ANSWER 👀 parent or legal guardian
When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - SELECTED 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. - SELECTED 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): - SELECTED
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. - SELECTED ANSWER 👀 TRUE
If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - SELECTED ANSWER
👀 NO
, Which of the following is NOT a benefit to key person insurance? - SELECTED
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. - SELECTED ANSWER 👀 six credits during the 13-quarter
A prospectus for an individual variable insurance contract: - SELECTED ANSWER
👀 must accompany every sales presentation.
Most group disability policies use the ___________ method to calculate the
amount of the insured's earnings prior to the accident. - SELECTED 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. -
SELECTED ANSWER 👀 FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - SELECTED 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? - SELECTED ANSWER 👀 Straight Life Income Annuity
According to Florida's Standard Valuation Law, the __________________ is
mandatory. - SELECTED ANSWER 👀 legal reserve
Equity indexed annuities are a form of: - SELECTED ANSWER 👀 fixed rate
annuity.
Of the following, who would most likely pay a lower premium amount? -
SELECTED ANSWER 👀 A preferred risk client
ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+| INSTANT PDF DOWNLOAD
A life insurance policy will not be reinstated if it has been: - SELECTED ANSWER 👀
surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? - SELECTED
ANSWER 👀 Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - SELECTED ANSWER 👀 parent or legal guardian
When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - SELECTED 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. - SELECTED 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): - SELECTED
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. - SELECTED ANSWER 👀 TRUE
If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - SELECTED ANSWER
👀 NO
, Which of the following is NOT a benefit to key person insurance? - SELECTED
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. - SELECTED ANSWER 👀 six credits during the 13-quarter
A prospectus for an individual variable insurance contract: - SELECTED ANSWER
👀 must accompany every sales presentation.
Most group disability policies use the ___________ method to calculate the
amount of the insured's earnings prior to the accident. - SELECTED 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. -
SELECTED ANSWER 👀 FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - SELECTED 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? - SELECTED ANSWER 👀 Straight Life Income Annuity
According to Florida's Standard Valuation Law, the __________________ is
mandatory. - SELECTED ANSWER 👀 legal reserve
Equity indexed annuities are a form of: - SELECTED ANSWER 👀 fixed rate
annuity.
Of the following, who would most likely pay a lower premium amount? -
SELECTED ANSWER 👀 A preferred risk client
