1
FLORIDA 2-15 INSURANCE LICENSE EXAM ACTUAL
2026 UPDATE
Accumulation units are converted into annuity units: - CORRECT ANSWER
✔✔: at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - CORRECT ANSWER ✔✔:
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. - CORRECT ANSWER ✔✔: FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - CORRECT
ANSWER ✔✔: After 5 months
The Insuring Clause includes all of the following EXCEPT the - CORRECT
ANSWER ✔✔: beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
CORRECT ANSWER ✔✔: mutual
pg. 1
,2
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. -
CORRECT ANSWER ✔✔: 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? - CORRECT ANSWER ✔✔:
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. - CORRECT
ANSWER ✔✔: 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. - CORRECT ANSWER ✔✔:
FALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - CORRECT ANSWER ✔✔: An examination
can be conducted at any time to discover any unfair trade practices.
pg. 2
, 3
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for
purchasing a policy. This is an example of: - CORRECT ANSWER ✔✔:
rebating
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. - CORRECT ANSWER ✔✔: Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - CORRECT ANSWER ✔✔: TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - CORRECT ANSWER ✔✔: term
Hospice services are covered under Medicare Part A. - CORRECT ANSWER
✔✔: TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - CORRECT ANSWER ✔✔: TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - CORRECT ANSWER
✔✔: $1,000 plus.
pg. 3
FLORIDA 2-15 INSURANCE LICENSE EXAM ACTUAL
2026 UPDATE
Accumulation units are converted into annuity units: - CORRECT ANSWER
✔✔: at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - CORRECT ANSWER ✔✔:
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. - CORRECT ANSWER ✔✔: FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - CORRECT
ANSWER ✔✔: After 5 months
The Insuring Clause includes all of the following EXCEPT the - CORRECT
ANSWER ✔✔: beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
CORRECT ANSWER ✔✔: mutual
pg. 1
,2
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. -
CORRECT ANSWER ✔✔: 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? - CORRECT ANSWER ✔✔:
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. - CORRECT
ANSWER ✔✔: 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. - CORRECT ANSWER ✔✔:
FALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - CORRECT ANSWER ✔✔: An examination
can be conducted at any time to discover any unfair trade practices.
pg. 2
, 3
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for
purchasing a policy. This is an example of: - CORRECT ANSWER ✔✔:
rebating
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. - CORRECT ANSWER ✔✔: Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - CORRECT ANSWER ✔✔: TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - CORRECT ANSWER ✔✔: term
Hospice services are covered under Medicare Part A. - CORRECT ANSWER
✔✔: TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - CORRECT ANSWER ✔✔: TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - CORRECT ANSWER
✔✔: $1,000 plus.
pg. 3
