1|Page
Florida 2-15 Insurance Exam|||Verified Exam!!| Most
Recent Exam 2026 | Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ || Newest Exam!!!
When life insurance proceeds are used to pay inheritance
taxes and federal estate taxes, it is known as - Answers-
Estate conservation
In group insurance, the primary purpose of the
Coordination of Benefits provision is to - Answers-Prevent
overinsurance
Which of the following statements is NOT true regarding
health insurance policy provisions? - Answers-All
additional provisions written by insurers are cataloged by
their respective states.
The policyowner has an option to pledge the life insurance
policy as collateral for a bank loan. This is called -
Answers-A collateral assignment
,2|Page
A whole life policy is surrendered for a reduced-paid up
policy. The cash value in the new policy will - Answers-
Continue to increase
When filling out an application for insurance, the applicant
makes a mistake. If a fresh application were not available,
what could the applicant do to properly correct the
mistake? - Answers-Cross the incorrect answer out, write
the correct one beside it, and initial the answer.
Which of the following riders pays a beneficiary a death
benefit that is double or triple the face amount if the
insured's death was caused by an accident as defined in
the policy? - Answers-An Accidental Death Rider
All of the following are consideration in an insurance policy
EXCEPT - Answers-The cash value in the policy.
An individual has a $200,000 convertible term life
insurance policy. If he chooses, he can - Answers-Convert
to a whole life policy for the same face amount without
proof of insurability.
, 3|Page
Which of the following is NOT true regarding a deferred
annuity? - Answers-Income payments begin within 1 year
from the date of purchase.
A retail shop owner is insured under a business overhead
expense policy that pays a maximum monthly benefit of
$2,500. His actual monthly expenses are $3,000. If the
owner becomes disabled, the monthly benefit payable
under his policy will be - Answers-$2,500
Which federal act defines rules pertaining to protected
health information? - Answers-HIPAA
The "stop-loss" feature on a major medical policy is
intended to - Answers-Establish a maximum amount of
out-of-pocket expense that an insured will have to pay for
medical expense in a calendar year.
If a business wants to make sure it will be able to cover
losses due to the disability of its top employee, the
business should get which type of insurance? - Answers-
Key person disability income
Florida 2-15 Insurance Exam|||Verified Exam!!| Most
Recent Exam 2026 | Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+ || Newest Exam!!!
When life insurance proceeds are used to pay inheritance
taxes and federal estate taxes, it is known as - Answers-
Estate conservation
In group insurance, the primary purpose of the
Coordination of Benefits provision is to - Answers-Prevent
overinsurance
Which of the following statements is NOT true regarding
health insurance policy provisions? - Answers-All
additional provisions written by insurers are cataloged by
their respective states.
The policyowner has an option to pledge the life insurance
policy as collateral for a bank loan. This is called -
Answers-A collateral assignment
,2|Page
A whole life policy is surrendered for a reduced-paid up
policy. The cash value in the new policy will - Answers-
Continue to increase
When filling out an application for insurance, the applicant
makes a mistake. If a fresh application were not available,
what could the applicant do to properly correct the
mistake? - Answers-Cross the incorrect answer out, write
the correct one beside it, and initial the answer.
Which of the following riders pays a beneficiary a death
benefit that is double or triple the face amount if the
insured's death was caused by an accident as defined in
the policy? - Answers-An Accidental Death Rider
All of the following are consideration in an insurance policy
EXCEPT - Answers-The cash value in the policy.
An individual has a $200,000 convertible term life
insurance policy. If he chooses, he can - Answers-Convert
to a whole life policy for the same face amount without
proof of insurability.
, 3|Page
Which of the following is NOT true regarding a deferred
annuity? - Answers-Income payments begin within 1 year
from the date of purchase.
A retail shop owner is insured under a business overhead
expense policy that pays a maximum monthly benefit of
$2,500. His actual monthly expenses are $3,000. If the
owner becomes disabled, the monthly benefit payable
under his policy will be - Answers-$2,500
Which federal act defines rules pertaining to protected
health information? - Answers-HIPAA
The "stop-loss" feature on a major medical policy is
intended to - Answers-Establish a maximum amount of
out-of-pocket expense that an insured will have to pay for
medical expense in a calendar year.
If a business wants to make sure it will be able to cover
losses due to the disability of its top employee, the
business should get which type of insurance? - Answers-
Key person disability income
