XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
SIMULATOR / FL HEALTH & LIFE AND ANNUITY
2025/2026 BANK COMPLETE STUDY GUIDE (SOURCE
XCEL SOLUTIONS) ACCURATE REAL EXAM 2
VERSIONS WITH 600 QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE | EXPERT VERIFIED
FOR GUARANTEED PASS
All of the following are examples of pure risk EXCEPT?
A. Losing money at a casino
B. Injured while playing football
C. Falling at a casino and breaking a hip
D. Jewelry stolen during a home robbery -
....ANSWER...Losing money at a casino
People with higher loss exposure have the tendency to
purchase insurance more often than those at average risk.
This is called?
A. risk retention
B. preexisting conditions
C. law of large numbers
D. adverse selection - ....ANSWER...adverse selection
1
,Which of these techniques will remove the risk of losing
money in the stock market by never purchasing stocks?
A. Risk reduction
B. Risk transference
C. Risk avoidance
D. Risk retention - ....ANSWER...Risk avoidance
Insurance companies determine risk exposure by which of
the following?
A. Insurable interest
B. Insurance exchanges
C. Law of large numbers and risk pooling
D. Population table data - ....ANSWER...Law of large
numbers and risk pooling
Which of the following is considered to be an event or
condition that increases the probability of an insured's
loss?
A. Risk
B. Hazard
2
,C. Indemnity
D. Peril - ....ANSWER...Hazard
The cause of a loss is referred to as a(n)
A. hazard
B. adversity
C. peril
D. risk - ....ANSWER...Peril
The purpose of Medicare Supplement Insurance is to
address gaps in Medicare coverage, which can include
A. Medicare in-hospital deductible
B. replacing HMO coverage
C. covering chiropractic treatment
D. treatment provided in a government hospital -
....ANSWER...Medicare in-hospital deductible
Which of these gaps in Medicare coverage is addressed
with Medicare Supplemental Insurance?
A. Medicare in-hospital deductible
B. Dental work
3
, C. Nutritional supplements
D. Chiropractic care - ....ANSWER...Medicare in-hospital
deductible
Bill requires some nursing care and supervision but NOT
full-time care. Which of these nursing home options would
best serve him?
A. Nursing home
B. Assisted living
C. Congregate housing
D. Custodial residence - ....ANSWER...Assisted living
Which type of long-term care benefit would be most
appropriate for a stroke victim who requires speech
therapy administered at her home?
A. Respite care
B. Continuing care
C. Home health care
D. Custodial care - ....ANSWER...Home health care
Which of the following nursing home options would BEST
suit an individual who needs some nursing care and
4
SIMULATOR / FL HEALTH & LIFE AND ANNUITY
2025/2026 BANK COMPLETE STUDY GUIDE (SOURCE
XCEL SOLUTIONS) ACCURATE REAL EXAM 2
VERSIONS WITH 600 QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE | EXPERT VERIFIED
FOR GUARANTEED PASS
All of the following are examples of pure risk EXCEPT?
A. Losing money at a casino
B. Injured while playing football
C. Falling at a casino and breaking a hip
D. Jewelry stolen during a home robbery -
....ANSWER...Losing money at a casino
People with higher loss exposure have the tendency to
purchase insurance more often than those at average risk.
This is called?
A. risk retention
B. preexisting conditions
C. law of large numbers
D. adverse selection - ....ANSWER...adverse selection
1
,Which of these techniques will remove the risk of losing
money in the stock market by never purchasing stocks?
A. Risk reduction
B. Risk transference
C. Risk avoidance
D. Risk retention - ....ANSWER...Risk avoidance
Insurance companies determine risk exposure by which of
the following?
A. Insurable interest
B. Insurance exchanges
C. Law of large numbers and risk pooling
D. Population table data - ....ANSWER...Law of large
numbers and risk pooling
Which of the following is considered to be an event or
condition that increases the probability of an insured's
loss?
A. Risk
B. Hazard
2
,C. Indemnity
D. Peril - ....ANSWER...Hazard
The cause of a loss is referred to as a(n)
A. hazard
B. adversity
C. peril
D. risk - ....ANSWER...Peril
The purpose of Medicare Supplement Insurance is to
address gaps in Medicare coverage, which can include
A. Medicare in-hospital deductible
B. replacing HMO coverage
C. covering chiropractic treatment
D. treatment provided in a government hospital -
....ANSWER...Medicare in-hospital deductible
Which of these gaps in Medicare coverage is addressed
with Medicare Supplemental Insurance?
A. Medicare in-hospital deductible
B. Dental work
3
, C. Nutritional supplements
D. Chiropractic care - ....ANSWER...Medicare in-hospital
deductible
Bill requires some nursing care and supervision but NOT
full-time care. Which of these nursing home options would
best serve him?
A. Nursing home
B. Assisted living
C. Congregate housing
D. Custodial residence - ....ANSWER...Assisted living
Which type of long-term care benefit would be most
appropriate for a stroke victim who requires speech
therapy administered at her home?
A. Respite care
B. Continuing care
C. Home health care
D. Custodial care - ....ANSWER...Home health care
Which of the following nursing home options would BEST
suit an individual who needs some nursing care and
4
