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Florida 2-15 Insurance License Exam 2026/2027
| Health & Life Agent (Annuities & Variable
Contracts) Prep | Practice Questions & Verified
Answers
Accumulation units are converted into annuity units:
at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan.
noncontributory
If a disabled worker covered under Social Security disability benefits recovers and then is
disabled again within five years, a new waiting period is required before benefits begin again.
FALSE
Robert had an accident and qualified for Social Security disability. Given the waiting period,
when will Robert begin to receive benefits?
After 5 months
The Insuring Clause includes all of the following EXCEPT the
beneficiary
Mutualization occurs when a stock company turns to a __________ company.
mutual
To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses.
stop-loss
Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency.
He is writing his first insurance policy on his brother-in-law's life. Who does Tom legally
represent in this transaction?
Acme Insurance Agency
An insurance clause is a distinct article in a formal document that establishes the rules in the
contract that _____________________ must adhere to.
both the insurer and the insured
,"ACC" refers to the type of disability that prevents someone from performing the job he was
performing prior to the disability.
FALSE
Which statement is CORRECT about the Department of Financial Services' right to examine an
agent's records?
An examination can be conducted at any time to discover any unfair trade practices.
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy.
This is an example of:
rebating
____________ term insurance provides a level amount of protection for a specified period, after
which the policy expires.
Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business
owner's salary.
TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
term
Hospice services are covered under Medicare Part A.
TRUE
Under Florida law, group health insurers must offer mental and nervous disorder insurance to
policyowners.
TRUE
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
$1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the HMO
contract and certificate, and:
a member's handbook.
A life insurance policy will not be reinstated if it has been:
surrendered for its cash value.
, Which of the following is NOT a type of permanent life insurance?
Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing life insurance.
parent or legal guardian
When an agent spreads a false story that damages a competing agent's reputation, the offense is
called:
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.
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):
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.
TRUE
If an insurance company reimburses the insured for medical expenses, can the insured deduct
that amount from their federal income tax?
NO
Which of the following is NOT a benefit to key person insurance?
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.
six credits during the 13-quarter
A prospectus for an individual variable insurance contract:
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.
percentage
Florida 2-15 Insurance License Exam 2026/2027
| Health & Life Agent (Annuities & Variable
Contracts) Prep | Practice Questions & Verified
Answers
Accumulation units are converted into annuity units:
at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan.
noncontributory
If a disabled worker covered under Social Security disability benefits recovers and then is
disabled again within five years, a new waiting period is required before benefits begin again.
FALSE
Robert had an accident and qualified for Social Security disability. Given the waiting period,
when will Robert begin to receive benefits?
After 5 months
The Insuring Clause includes all of the following EXCEPT the
beneficiary
Mutualization occurs when a stock company turns to a __________ company.
mutual
To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses.
stop-loss
Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency.
He is writing his first insurance policy on his brother-in-law's life. Who does Tom legally
represent in this transaction?
Acme Insurance Agency
An insurance clause is a distinct article in a formal document that establishes the rules in the
contract that _____________________ must adhere to.
both the insurer and the insured
,"ACC" refers to the type of disability that prevents someone from performing the job he was
performing prior to the disability.
FALSE
Which statement is CORRECT about the Department of Financial Services' right to examine an
agent's records?
An examination can be conducted at any time to discover any unfair trade practices.
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy.
This is an example of:
rebating
____________ term insurance provides a level amount of protection for a specified period, after
which the policy expires.
Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business
owner's salary.
TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
term
Hospice services are covered under Medicare Part A.
TRUE
Under Florida law, group health insurers must offer mental and nervous disorder insurance to
policyowners.
TRUE
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
$1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the HMO
contract and certificate, and:
a member's handbook.
A life insurance policy will not be reinstated if it has been:
surrendered for its cash value.
, Which of the following is NOT a type of permanent life insurance?
Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing life insurance.
parent or legal guardian
When an agent spreads a false story that damages a competing agent's reputation, the offense is
called:
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.
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):
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.
TRUE
If an insurance company reimburses the insured for medical expenses, can the insured deduct
that amount from their federal income tax?
NO
Which of the following is NOT a benefit to key person insurance?
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.
six credits during the 13-quarter
A prospectus for an individual variable insurance contract:
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.
percentage
