215 FL LICENSE FINAL PAPER 2025/2026 QUESTIONS WITH
ANSWERS GRADED A+
✔✔ERISA overrides any state laws regarding the regulation of retirement plans. true or
false - ✔✔true
✔✔As it pertains to group health insurance, COBRA stipulates that: - ✔✔group
coverage must be extended for terminated employees up to a certain period of time at
the employee's expense.
✔✔Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. true or false -
✔✔false
✔✔What type of annuity settlement would best be used to distribute funds from the
settlement of large sums of money (such as with lawsuits and lotteries)? - ✔✔A
structured settlement annuity. decreasing level
✔✔Only ____________ policies pay dividends. - ✔✔participating
✔✔Define sliding - ✔✔Sliding occurs when an agent tells/implies that it is required for
the client to purchase specific coverages/products in conjunction with a policy being
purchased.
✔✔The _______________ bears the investment risk in a fixed annuity. - ✔✔Insurer
In a variable annuity, the insured bears the risk
✔✔Purchasers of life insurance policies are _____________, but are not necessarily
_______________ - ✔✔policyowners, policyholders
✔✔Basic surgical expense policies generally provide coverage for all of the following
EXCEPT: - ✔✔miscellaneous expenses such as lab fees and x-rays.
✔✔In order to qualify for Medicaid benefits, applicants must be at least age ____, blind
or disabled, and meet other eligibility requirements. - ✔✔65
✔✔What is the difference between medicare and medicaid - ✔✔medicare is designed
for elderly and those with chronic kidney disease
medicaid is designed for poor people :(
, ✔✔Which of the following life policies contain fixed and guaranteed mortality rates AND
fixed and guaranteed cash value? - ✔✔whole life
✔✔Protection against the unintentional lapse of a life insurance policy is afforded
through what means? - ✔✔Automatic loan provision
✔✔Medicare provides Hospice services for the: - ✔✔Terminally ill
✔✔Florida law does not limit the number or percentage of employees required to
participate in order to qualify for group health insurance. - ✔✔True, there is no minimum
to qualify for group health insurance
✔✔AD&D is the purest structure of accident insurance. true or false - ✔✔True
✔✔What type of insurance is most frequently used in group life plans? - ✔✔Annual
renewable term
A.R.T. premium increases yearly based on the insureds attainable age
✔✔Name the three basic categories of coverage upon which the life insurance world
revolves. - ✔✔Ordinary, industrial, and group
✔✔If an annuitant owns 300 annuity units and receives $1,500 a month, what is the
value of each annuity unit? - ✔✔$5
$1,500 / $300 = $5
✔✔Since contributions to a 403(b) tax sheltered annuity are made with before-tax
dollars, distributions are - ✔✔100% taxable
✔✔If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - ✔✔No
✔✔"Capitation" as used by HMOs means: - ✔✔the amount an HMO pays to a physician
or provider in exchange for rendered medical services.
✔✔COBRA coverage is considered continuous: - ✔✔group health coverage
Cobra is used when an employee is terminated, they have 31 days to retain their group
health insurance offered by the employer. this is known as cobra
ANSWERS GRADED A+
✔✔ERISA overrides any state laws regarding the regulation of retirement plans. true or
false - ✔✔true
✔✔As it pertains to group health insurance, COBRA stipulates that: - ✔✔group
coverage must be extended for terminated employees up to a certain period of time at
the employee's expense.
✔✔Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. true or false -
✔✔false
✔✔What type of annuity settlement would best be used to distribute funds from the
settlement of large sums of money (such as with lawsuits and lotteries)? - ✔✔A
structured settlement annuity. decreasing level
✔✔Only ____________ policies pay dividends. - ✔✔participating
✔✔Define sliding - ✔✔Sliding occurs when an agent tells/implies that it is required for
the client to purchase specific coverages/products in conjunction with a policy being
purchased.
✔✔The _______________ bears the investment risk in a fixed annuity. - ✔✔Insurer
In a variable annuity, the insured bears the risk
✔✔Purchasers of life insurance policies are _____________, but are not necessarily
_______________ - ✔✔policyowners, policyholders
✔✔Basic surgical expense policies generally provide coverage for all of the following
EXCEPT: - ✔✔miscellaneous expenses such as lab fees and x-rays.
✔✔In order to qualify for Medicaid benefits, applicants must be at least age ____, blind
or disabled, and meet other eligibility requirements. - ✔✔65
✔✔What is the difference between medicare and medicaid - ✔✔medicare is designed
for elderly and those with chronic kidney disease
medicaid is designed for poor people :(
, ✔✔Which of the following life policies contain fixed and guaranteed mortality rates AND
fixed and guaranteed cash value? - ✔✔whole life
✔✔Protection against the unintentional lapse of a life insurance policy is afforded
through what means? - ✔✔Automatic loan provision
✔✔Medicare provides Hospice services for the: - ✔✔Terminally ill
✔✔Florida law does not limit the number or percentage of employees required to
participate in order to qualify for group health insurance. - ✔✔True, there is no minimum
to qualify for group health insurance
✔✔AD&D is the purest structure of accident insurance. true or false - ✔✔True
✔✔What type of insurance is most frequently used in group life plans? - ✔✔Annual
renewable term
A.R.T. premium increases yearly based on the insureds attainable age
✔✔Name the three basic categories of coverage upon which the life insurance world
revolves. - ✔✔Ordinary, industrial, and group
✔✔If an annuitant owns 300 annuity units and receives $1,500 a month, what is the
value of each annuity unit? - ✔✔$5
$1,500 / $300 = $5
✔✔Since contributions to a 403(b) tax sheltered annuity are made with before-tax
dollars, distributions are - ✔✔100% taxable
✔✔If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? - ✔✔No
✔✔"Capitation" as used by HMOs means: - ✔✔the amount an HMO pays to a physician
or provider in exchange for rendered medical services.
✔✔COBRA coverage is considered continuous: - ✔✔group health coverage
Cobra is used when an employee is terminated, they have 31 days to retain their group
health insurance offered by the employer. this is known as cobra
