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Florida 2-15 Insurance License Actual Exam
2026/2027 | Health & Life Agent (Annuities &
Variable Contracts) Prep | Practice Questions &
Verified Answers
N is covered by a Term Life policy and does not make the required premium payment which was
due August 1. N dies September 15. What action will the insurer take?
Claim will be denied.
A contract where one party either accepts or rejects the terms of a contract written by another
party is called a contract of
adhesion
All of the following statements about Major Medical benefits are true, EXCEPT:
Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim?
The proceeds would be reduced based on whatever the premium would have been if purchased at
age 59.
All of these are considered sources of underwriting information about an applicant, EXCEPT:
Inspection Report
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of time
after the premium due date during which the policy remains in force even though the premium
has not been paid?
31 days
Which provision allows the policy owner to change a term life policy to a permanent one without
providing proof of good health?
Conversion
What do families pay that are covered by the Florida Healthy Kids Corporation?
A portion of the premium
,Which statement regarding third-party ownership of a life insurance policy is true?
It is used extensively in estate planning as well as business circumstances.
Which of the following employees may NOT be excluded from a group life plan?
Full-time employees after the probationary period.
Which of the following statements BEST describes what the Legal Actions provision of an
Accident and Health policy requires?
An insured must wait at least 60 days after Proof of Loss has been submitted before a lawsuit can
be filed.
What percentage of eligible persons must a policy cover in a noncontributory group?
100%
What are adjustable rates for life policy loans in Florida based on?
Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should be reclassified due to a
health issue. This policy may be issued with a(n):
exclusion for the medical condition
What is the initial requirement for an insured to become eligible for benefits under the Waiver of
Premium provision?
Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for losses occurring as the result
of his employment. What kind of coverage is this?
Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be a(n)
certificate holder
According to Florida law, which of the following information does NOT need to be obtained by
an agent recommending an annuity purchase?
Marital status
Dividends paid from a life insurance policy are
taxable
S takes out a health insurance policy which contains a provision that states the agent does not
have the authority to change the policy or waive any of its provisions. Which health policy
provision is this?
Entire Contract
, Which policy requires an agent to register with the National Association of Securities Dealers
(NASD) before selling?
Variable Life
Defamation occurs when an agent makes a false statement intended to
malign another insurer
J owns a business and has a Group Life policy covering her employees. J decides to cancel the
policy by letting it lapse on the renewal date. What action must be taken?
All of the employees must be notified of the cancellation either by the insurance company or
through J.
Which of the following is NOT required in the Outline of Coverage for a health insurance
policy?
Projection of the policy's future costs.
What type of life policy covers two people and pays upon the death of the last insured?
Survivorship
Which of the following acts is an agent NOT authorized to do on behalf of an insurer?
Authorize claim payments
One becomes eligible for Social Security disability benefits after having been disabled for
5 months
Traditional individual retirement annuity (IRA) distributions must start by
April 1st of the year following the year the participant attains age 70 ½.
An agent selling Medicare Supplement policies must provide every applicant with a(n):
Suitability form
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental
Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q,
and R are involved in a car accident and Q and R are killed instantly. The Accidental Death
benefits will be paid to
P only.
Which health policy clause stipulates that an insurance company must attach a copy of the
application to the policy to ensure that it is part of the contract?
Entire Contract
Florida 2-15 Insurance License Actual Exam
2026/2027 | Health & Life Agent (Annuities &
Variable Contracts) Prep | Practice Questions &
Verified Answers
N is covered by a Term Life policy and does not make the required premium payment which was
due August 1. N dies September 15. What action will the insurer take?
Claim will be denied.
A contract where one party either accepts or rejects the terms of a contract written by another
party is called a contract of
adhesion
All of the following statements about Major Medical benefits are true, EXCEPT:
Benefits have no maximum limit
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years
later, the company discovered W's true age at issue had been 59. What would the normal
procedure be under the misstatement of age provision in regard to the payment of the death
claim?
The proceeds would be reduced based on whatever the premium would have been if purchased at
age 59.
All of these are considered sources of underwriting information about an applicant, EXCEPT:
Inspection Report
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of time
after the premium due date during which the policy remains in force even though the premium
has not been paid?
31 days
Which provision allows the policy owner to change a term life policy to a permanent one without
providing proof of good health?
Conversion
What do families pay that are covered by the Florida Healthy Kids Corporation?
A portion of the premium
,Which statement regarding third-party ownership of a life insurance policy is true?
It is used extensively in estate planning as well as business circumstances.
Which of the following employees may NOT be excluded from a group life plan?
Full-time employees after the probationary period.
Which of the following statements BEST describes what the Legal Actions provision of an
Accident and Health policy requires?
An insured must wait at least 60 days after Proof of Loss has been submitted before a lawsuit can
be filed.
What percentage of eligible persons must a policy cover in a noncontributory group?
100%
What are adjustable rates for life policy loans in Florida based on?
Moody's corporate bond index.
An underwriter determines that a life insurance applicant's risk should be reclassified due to a
health issue. This policy may be issued with a(n):
exclusion for the medical condition
What is the initial requirement for an insured to become eligible for benefits under the Waiver of
Premium provision?
Insured must be under a physician's care
J has a Disability Income policy that does NOT provide benefits for losses occurring as the result
of his employment. What kind of coverage is this?
Nonoccupational coverage
K is insured under a Group Life Insurance policy. K is considered to be a(n)
certificate holder
According to Florida law, which of the following information does NOT need to be obtained by
an agent recommending an annuity purchase?
Marital status
Dividends paid from a life insurance policy are
taxable
S takes out a health insurance policy which contains a provision that states the agent does not
have the authority to change the policy or waive any of its provisions. Which health policy
provision is this?
Entire Contract
, Which policy requires an agent to register with the National Association of Securities Dealers
(NASD) before selling?
Variable Life
Defamation occurs when an agent makes a false statement intended to
malign another insurer
J owns a business and has a Group Life policy covering her employees. J decides to cancel the
policy by letting it lapse on the renewal date. What action must be taken?
All of the employees must be notified of the cancellation either by the insurance company or
through J.
Which of the following is NOT required in the Outline of Coverage for a health insurance
policy?
Projection of the policy's future costs.
What type of life policy covers two people and pays upon the death of the last insured?
Survivorship
Which of the following acts is an agent NOT authorized to do on behalf of an insurer?
Authorize claim payments
One becomes eligible for Social Security disability benefits after having been disabled for
5 months
Traditional individual retirement annuity (IRA) distributions must start by
April 1st of the year following the year the participant attains age 70 ½.
An agent selling Medicare Supplement policies must provide every applicant with a(n):
Suitability form
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental
Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q,
and R are involved in a car accident and Q and R are killed instantly. The Accidental Death
benefits will be paid to
P only.
Which health policy clause stipulates that an insurance company must attach a copy of the
application to the policy to ensure that it is part of the contract?
Entire Contract
