Florida 2-15 Insurance License Exam PREP
FLORIDA 2-15 INSURANCE LICENSE EXAM PREP LATEST 2025/2026
ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT ANSWERS
GRADED A+ GUARANTEED PASS- ACE YOUR EXAM
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.
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
1|Page
, Florida 2-15 Insurance License Exam PREP
____________ 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.
Every HMO subscriber must receive a benefits package that includes a
copy of the HMO contract and certificate, and: - Correct Answer-a
member's handbook.
2|Page
, Florida 2-15 Insurance License Exam PREP
A life insurance policy will not be reinstated if it has been: - Correct
Answer-surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? -
Correct Answer-Term Life
In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance. - Correct Answer-parent or legal guardian
When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - Correct Answer-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. - Correct Answer-
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): - Correct Answer-Certificate of Authority
3|Page
FLORIDA 2-15 INSURANCE LICENSE EXAM PREP LATEST 2025/2026
ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT ANSWERS
GRADED A+ GUARANTEED PASS- ACE YOUR EXAM
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.
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
1|Page
, Florida 2-15 Insurance License Exam PREP
____________ 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.
Every HMO subscriber must receive a benefits package that includes a
copy of the HMO contract and certificate, and: - Correct Answer-a
member's handbook.
2|Page
, Florida 2-15 Insurance License Exam PREP
A life insurance policy will not be reinstated if it has been: - Correct
Answer-surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? -
Correct Answer-Term Life
In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance. - Correct Answer-parent or legal guardian
When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - Correct Answer-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. - Correct Answer-
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): - Correct Answer-Certificate of Authority
3|Page
