14 August 2026
Florida 2-15 Insurance License Exam Latest
2026/2027 150 Actual Questions and Verified
Answers (Latest Update) A+ Grade
100% Guarantee Verified by Experts
Accumulation units are converted into annuity units: - correct answer-at the time of annuity
payout.
The Deficit Reduction Act gives governors more flexibility to design _____________ benefits that
efficiently and affordably meet their states' needs. - correct answer-Medicaid
The health policy that always renews without an increase of premium could be identified as: -
correct answer-noncancelable
__________________ are the two most important factors in the health insurance underwriting
process. - correct answer-Medical history and occupation
Which of the following is TRUE about a Limited Pay Whole Life policy? - correct answer-Provides
level premiums limited to certain time period, less than life
In Florida, a child must be at least ____ years of age to sign a life insurance application. - correct
answer-15
The ________________ means that the life insurance policy along with the application represents
the complete contract. - correct answer-Entire Contract provision
A man commits suicide 30 months after purchasing a life insurance policy and his wife is the
named beneficiary. What amount will his wife receive? - correct answer-The face amount of the
policy
Which type of insurer insures groups of individuals who are of the same class? - correct answer-Risk
Retention Groups
, 30 July 2026
Rachel owns a major medical health policy which requires her to pay the first $300 of covered
expenses each year before the policy pays its benefits. The $300 is the policy's: - correct
answerdeductible
Self-insuring is an example of what type of risk? - correct answer-Risk Retention
When might a Statement of Continued Good Health be required regarding a life insurance policy? -
correct answer-When there is no premium accompanying the application
Changing one's lifestyle to minimize a known risk is an example of: - correct answer-Risk Reduction.
A health plan with a $5-per-point conversion factor would pay _______ for a 200-point procedure.
- correct answer-$1,000
The disadvantage of naming an estate as beneficiary is that proceeds will be included in the
insured's: - correct answer-estate
All statements made on an application are considered ________________ because there can be no
guarantee that they are true. - correct answer-representations
Which of the following is NOT a typical permanent exclusion in life insurance policies? - correct
answer-Suicide
___________ refers to the monies set aside by insurers for future claims costs. - correct
answerReserve funds
Does Florida law specify what an insurer must do if an applicant indicates that a variable annuity
would be the sole source of retirement income for the applicant? - correct answer-NO
Medicare patients have a lifetime reserve of ________ days of hospital coverage. - correct answer60
In the process of selling life insurance and when evaluating the needs of your client, the Human Life
Value approach has been largely replaced by the more practical Needs Approach. - correct
answerTRUE
Florida 2-15 Insurance License Exam Latest
2026/2027 150 Actual Questions and Verified
Answers (Latest Update) A+ Grade
100% Guarantee Verified by Experts
Accumulation units are converted into annuity units: - correct answer-at the time of annuity
payout.
The Deficit Reduction Act gives governors more flexibility to design _____________ benefits that
efficiently and affordably meet their states' needs. - correct answer-Medicaid
The health policy that always renews without an increase of premium could be identified as: -
correct answer-noncancelable
__________________ are the two most important factors in the health insurance underwriting
process. - correct answer-Medical history and occupation
Which of the following is TRUE about a Limited Pay Whole Life policy? - correct answer-Provides
level premiums limited to certain time period, less than life
In Florida, a child must be at least ____ years of age to sign a life insurance application. - correct
answer-15
The ________________ means that the life insurance policy along with the application represents
the complete contract. - correct answer-Entire Contract provision
A man commits suicide 30 months after purchasing a life insurance policy and his wife is the
named beneficiary. What amount will his wife receive? - correct answer-The face amount of the
policy
Which type of insurer insures groups of individuals who are of the same class? - correct answer-Risk
Retention Groups
, 30 July 2026
Rachel owns a major medical health policy which requires her to pay the first $300 of covered
expenses each year before the policy pays its benefits. The $300 is the policy's: - correct
answerdeductible
Self-insuring is an example of what type of risk? - correct answer-Risk Retention
When might a Statement of Continued Good Health be required regarding a life insurance policy? -
correct answer-When there is no premium accompanying the application
Changing one's lifestyle to minimize a known risk is an example of: - correct answer-Risk Reduction.
A health plan with a $5-per-point conversion factor would pay _______ for a 200-point procedure.
- correct answer-$1,000
The disadvantage of naming an estate as beneficiary is that proceeds will be included in the
insured's: - correct answer-estate
All statements made on an application are considered ________________ because there can be no
guarantee that they are true. - correct answer-representations
Which of the following is NOT a typical permanent exclusion in life insurance policies? - correct
answer-Suicide
___________ refers to the monies set aside by insurers for future claims costs. - correct
answerReserve funds
Does Florida law specify what an insurer must do if an applicant indicates that a variable annuity
would be the sole source of retirement income for the applicant? - correct answer-NO
Medicare patients have a lifetime reserve of ________ days of hospital coverage. - correct answer60
In the process of selling life insurance and when evaluating the needs of your client, the Human Life
Value approach has been largely replaced by the more practical Needs Approach. - correct
answerTRUE
