FLORIDA 2-15 INSURANCE LICENCE EXAM LATEST
2025/2026 ACTUAL EXAM COMPLETE ACCURATE
QUESTIONS AND CORRECT VERIFIED SOLUTIONS)
(APPROVED Q & ANS) A NEW UPDATED VERSION
|GUARANTEED SUCCESS
In Florida, a ______________ must sign for and on behalf of a
minor purchasing life insurance.
Answer- parent or legal guardian
When an agent spreads a false story that damages a competing
agent's reputation, the offense is called:
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.
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):
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.
Answer- TRUE
If an insurance company reimburses the insured for medical
expenses, can the insured deduct that amount from their federal
income tax?
Answer- NO
Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policy owners.
Answer- TRUE
,Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
Answer- $1,000 plus.
Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:
Answer- a member's handbook.
A life insurance policy will not be reinstated if it has been:
Answer- surrendered for its cash value.
Which of the following is NOT a type of permanent life
insurance?
Answer- Term Life
Which of the following is NOT a benefit to key person
insurance?
, 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.
Answer- six credits during the 13-quarter
A prospectus for an individual variable insurance contract:
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.
Answer- percentage
2025/2026 ACTUAL EXAM COMPLETE ACCURATE
QUESTIONS AND CORRECT VERIFIED SOLUTIONS)
(APPROVED Q & ANS) A NEW UPDATED VERSION
|GUARANTEED SUCCESS
In Florida, a ______________ must sign for and on behalf of a
minor purchasing life insurance.
Answer- parent or legal guardian
When an agent spreads a false story that damages a competing
agent's reputation, the offense is called:
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.
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):
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.
Answer- TRUE
If an insurance company reimburses the insured for medical
expenses, can the insured deduct that amount from their federal
income tax?
Answer- NO
Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policy owners.
Answer- TRUE
,Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
Answer- $1,000 plus.
Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:
Answer- a member's handbook.
A life insurance policy will not be reinstated if it has been:
Answer- surrendered for its cash value.
Which of the following is NOT a type of permanent life
insurance?
Answer- Term Life
Which of the following is NOT a benefit to key person
insurance?
, 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.
Answer- six credits during the 13-quarter
A prospectus for an individual variable insurance contract:
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.
Answer- percentage
