FLORIDA 2-15 PRACTICE TEST PAPER 2026 FULL
QUESTIONS AND ANSWERS
◉ The guaranteed purchase option is also referred to as the.
Answer: Future increase option.
◉ When an insured terminates membership in the insured group,
the insured can convert to. Answer: Whole life without proof of
insurability.
◉ Which dividend option will increase the death benefit. Answer:
Paid-up additions
◉ What is the difference between a straight life policy and a 20-pay
whole life policy?. Answer: Premium payment period
◉ Which of the following policies can be described as a flexible
premium adjustable life policy?. Answer: Universal Life
◉ All of the following statements are true regarding an Ordinary
(Straight) Life policy EXCEPT. Answer: It does not have a guaranteed
death benefit.
,◉ An elimination (waiting) period may NOT have to be satisfied for a
disability in which of the following?. Answer: An insured suffers a
relapse of a prior disability within 6-months of the initial covered
disability
◉ An insured was seriously injured in a skiing accident that required
him to be hospitalized for 5 weeks. His medical expense policy
covered all of the following EXCEPT. Answer: Loss of income while
hospitalized. b) Necessary medicine and
◉ Which of the following used to be called Medicare + Choice Plans?.
Answer: Medicare Advantage Plans
◉ How does insurance distribute the financial consequences of
individual losses?. Answer: It transfers the risk to all persons
insured.
◉ According to the Fair Credit Reporting Act, all of the following
statements are true EXCEPT. Answer: If an applicant is declined for
an insurance policy, he or she has no right to know what was in the
report.
◉ Which of the following is a permissible reason for an insurance
company to contest payment of a claim based on statements in the
application?. Answer: The application contains material
misstatements.
, ◉ According to the metal level classification of health plans, what
percentage of health care costs will be covered under a gold plan?.
Answer: 80%
◉ Your client is sole proprietor and wishes to include his family on a
medical expense plan. How much of the cost of the medical expense
plan can be deducted (since he is considered self-employed)?.
Answer: 100%
◉ Which of the following statements regarding HIV testing is NOT
true?. Answer: Test results must be sent to the Department of
Insurance.
◉ To be valid, an insurance policy must have all of the following
EXCEPT. Answer: Countersignature
◉ If a basic medical insurance plan's benefits are exhausted, what
type of plan will then begin covering those losses?. Answer:
Supplementary major medical
◉ Who is the annuity owner? a) The person who receives. Answer:
The person who purchases the annuity
QUESTIONS AND ANSWERS
◉ The guaranteed purchase option is also referred to as the.
Answer: Future increase option.
◉ When an insured terminates membership in the insured group,
the insured can convert to. Answer: Whole life without proof of
insurability.
◉ Which dividend option will increase the death benefit. Answer:
Paid-up additions
◉ What is the difference between a straight life policy and a 20-pay
whole life policy?. Answer: Premium payment period
◉ Which of the following policies can be described as a flexible
premium adjustable life policy?. Answer: Universal Life
◉ All of the following statements are true regarding an Ordinary
(Straight) Life policy EXCEPT. Answer: It does not have a guaranteed
death benefit.
,◉ An elimination (waiting) period may NOT have to be satisfied for a
disability in which of the following?. Answer: An insured suffers a
relapse of a prior disability within 6-months of the initial covered
disability
◉ An insured was seriously injured in a skiing accident that required
him to be hospitalized for 5 weeks. His medical expense policy
covered all of the following EXCEPT. Answer: Loss of income while
hospitalized. b) Necessary medicine and
◉ Which of the following used to be called Medicare + Choice Plans?.
Answer: Medicare Advantage Plans
◉ How does insurance distribute the financial consequences of
individual losses?. Answer: It transfers the risk to all persons
insured.
◉ According to the Fair Credit Reporting Act, all of the following
statements are true EXCEPT. Answer: If an applicant is declined for
an insurance policy, he or she has no right to know what was in the
report.
◉ Which of the following is a permissible reason for an insurance
company to contest payment of a claim based on statements in the
application?. Answer: The application contains material
misstatements.
, ◉ According to the metal level classification of health plans, what
percentage of health care costs will be covered under a gold plan?.
Answer: 80%
◉ Your client is sole proprietor and wishes to include his family on a
medical expense plan. How much of the cost of the medical expense
plan can be deducted (since he is considered self-employed)?.
Answer: 100%
◉ Which of the following statements regarding HIV testing is NOT
true?. Answer: Test results must be sent to the Department of
Insurance.
◉ To be valid, an insurance policy must have all of the following
EXCEPT. Answer: Countersignature
◉ If a basic medical insurance plan's benefits are exhausted, what
type of plan will then begin covering those losses?. Answer:
Supplementary major medical
◉ Who is the annuity owner? a) The person who receives. Answer:
The person who purchases the annuity
