Florida 2-15 Insurance License Exam Actual Exam 2026 || Most Recent
Exam 2026|2027 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Guaranteed Success!
Newest Exam | Just Released!
Accumulation units are converted into annuity units: -ANSWER-at the
time of annuity payout.
A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. -ANSWER-
noncontributory
Insurable interest must exist at: -ANSWER-the time of application.
Who regulates retirement plans in Florida? -ANSWER-ERISA
Employee Retirement Income Security Act
What type of insurance is most frequently used in group life plans? -
ANSWER-Annual Renewable Term
What is a Medicare supplement (Medigap) policies? -ANSWER-Medigap
policies pay for some healthcare services not covered by Medicare, pay
most, if not all, Medicare deductibles and copayments, and supplement
Medicare benefits.
,Anyone under the age of _____ who has earned income may open a
traditional IRA. -ANSWER-70 1/2
Disability insurance provides an income stream for an individual who is
unable to continue working due to accident or illness. However, if a
person is under ______ disabled, he/she does not qualify for benefits. -
ANSWER-20%
Under the Law of Agency, an agent is the lawful representative of the: -
ANSWER-principal
Group health plans that are issued by mutual companies usually
provide dividends, which are most likely to be paid if
__________________ are less than anticipated. -ANSWER-expenses
and claims costs
Which of the following reimburses its insureds for covered medical
expenses? -ANSWER-Commercial insurers
Which of the following would most likely be considered a key person in
a business? -ANSWER-An officer of the company
Annuity payment amounts are based upon which of the following
factors? -ANSWER-Starting principal, interest, and income period
, In regard to variable annuities, which of the following statements is
FALSE? -ANSWER-The annuitant bears no risk.
Prior to retirement, the purchaser of a variable annuity pays an agreed-
upon periodic premium amount. When these periodic premiums are
paid, the purchaser is credited with: -ANSWER-a number of
accumulation units.
An organization outside the members of a self-insurance group which,
for a fee, processes claims, completes benefits paperwork and often
analyzes claims information is known as the: -ANSWER-third-party
administrator (TPA).
Since contributions to a 403(b) tax sheltered annuity are made with
before-tax dollars, distributions are -ANSWER-100% taxable.
_____________ health insurance is issued to cover a group who may be
exposed to the same risks, but the composition of the group is
constantly changing. -ANSWER-Blanket
The miscellaneous expense benefit in a basic hospital expense policy
normally will cover: -ANSWER-hospital room and board.
Florida law does not regulate retirement plans. -ANSWER-TRUE
Exam 2026|2027 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Guaranteed Success!
Newest Exam | Just Released!
Accumulation units are converted into annuity units: -ANSWER-at the
time of annuity payout.
A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. -ANSWER-
noncontributory
Insurable interest must exist at: -ANSWER-the time of application.
Who regulates retirement plans in Florida? -ANSWER-ERISA
Employee Retirement Income Security Act
What type of insurance is most frequently used in group life plans? -
ANSWER-Annual Renewable Term
What is a Medicare supplement (Medigap) policies? -ANSWER-Medigap
policies pay for some healthcare services not covered by Medicare, pay
most, if not all, Medicare deductibles and copayments, and supplement
Medicare benefits.
,Anyone under the age of _____ who has earned income may open a
traditional IRA. -ANSWER-70 1/2
Disability insurance provides an income stream for an individual who is
unable to continue working due to accident or illness. However, if a
person is under ______ disabled, he/she does not qualify for benefits. -
ANSWER-20%
Under the Law of Agency, an agent is the lawful representative of the: -
ANSWER-principal
Group health plans that are issued by mutual companies usually
provide dividends, which are most likely to be paid if
__________________ are less than anticipated. -ANSWER-expenses
and claims costs
Which of the following reimburses its insureds for covered medical
expenses? -ANSWER-Commercial insurers
Which of the following would most likely be considered a key person in
a business? -ANSWER-An officer of the company
Annuity payment amounts are based upon which of the following
factors? -ANSWER-Starting principal, interest, and income period
, In regard to variable annuities, which of the following statements is
FALSE? -ANSWER-The annuitant bears no risk.
Prior to retirement, the purchaser of a variable annuity pays an agreed-
upon periodic premium amount. When these periodic premiums are
paid, the purchaser is credited with: -ANSWER-a number of
accumulation units.
An organization outside the members of a self-insurance group which,
for a fee, processes claims, completes benefits paperwork and often
analyzes claims information is known as the: -ANSWER-third-party
administrator (TPA).
Since contributions to a 403(b) tax sheltered annuity are made with
before-tax dollars, distributions are -ANSWER-100% taxable.
_____________ health insurance is issued to cover a group who may be
exposed to the same risks, but the composition of the group is
constantly changing. -ANSWER-Blanket
The miscellaneous expense benefit in a basic hospital expense policy
normally will cover: -ANSWER-hospital room and board.
Florida law does not regulate retirement plans. -ANSWER-TRUE
