LATEST 2026 LIFE, HEALTH, & VARIABLE
ANNUITIES FL STATE EXAM - 215 INSURANCE
LICENSE STUDY GUIDE Q&A 100% PASS
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Terms in this set (293)
A life policy that contains a monthly Variable Universal Life Policy
mortality charge as well as self-
directed investment choices is
called a(n):
(A) Joint Life policy
(B) Endowment
(C) Variable Universal Life policy
(D) Universal Life policy
Which of these is NOT a legal entity Risk management advisors
for selling life insurance in Florida?
(A) Independent agency system
(B) RISK management advisers
(C) Career agency system
(D) Personal producing general
agency
,T would like to be assured $10,000 Ten-Year Endowment
is available in 10 years to replace a
roof on his house. What kind of
$10,000 policy should T purchase?
(A) Interest-Sensitive Whole Life
(B) Ten-Year Endowment
(C) Variable Universal Life
(D) Ten-Year Renewable Term
A group plan was recently 31 days
terminated. In Florida, how many
days are covered individuals
guaranteed coverage after a group
plan's termination?
(A) 14 days
(B) 31 davs
(C) 45 days
(D) 60 days
Which department oversees Market Office of Insurance Regulation
Conduct Examinations in Florida?
(A) Department of Markets
(B) Office of Financial Regulation
(C) Department of Revenue
(D) Office of Insurance Regulation
,A mutual insurance company and a Stock company is owned by its shareholders.
stock insurance company have one Mutual company is owned by its policyholders.
main difference between them.
What is this major contrast?
(A) Stock company is regulated by
the state where it's incorporated.
Mutual company is regulated by its
policyholders.
(B) Stock company is considered an
authorized insurer. Mutual company
is considered an unauthorized
insurer.
(C) Stock company is owned by its
policyholders. Mutual company is
owned by its shareholders
(D) Stock company is owned by its
shareholders. Mutual company is
owned by its policyholders.
Under a Long Term Care policy, Alcohol Rehabilitation
which benefit would be typically
excluded or limited?
(A) Intermediate nursing
(B) Skilled nursing
(C) Home health care
(D) Alcohol rehabilitation
Who has the right to change a Policy Owner
revocable beneficiary?
(A) Beneficiary
(B) Agent
(C) Insurance Agency
(D) Policy Owner
, A health or disability policy's time incontestable period
limit on certain defenses is also
referred to as the policy's:
(A) probationary period.
(B) waiting period.
(C) incontestable period.
(D) elimination period.
Any changes made on an insurance Applicant
application requires the initials of
whom?
(A) Insured
(B) Producer
(C) Applicant
(D) Beneficiary
An exampled of an unfair trade an agent making a material misrepresentation to
practice is: the insured
(A) an agent making a material
misrepresentation to the insured
(B) an agent writing less than 50%
of their total sales from controlled
business
(C) replacing an old life insurance
policy with a new one
(D) denying payment of a claim
within a reasonable time after proof
of loss statements were provided
ANNUITIES FL STATE EXAM - 215 INSURANCE
LICENSE STUDY GUIDE Q&A 100% PASS
Save
Terms in this set (293)
A life policy that contains a monthly Variable Universal Life Policy
mortality charge as well as self-
directed investment choices is
called a(n):
(A) Joint Life policy
(B) Endowment
(C) Variable Universal Life policy
(D) Universal Life policy
Which of these is NOT a legal entity Risk management advisors
for selling life insurance in Florida?
(A) Independent agency system
(B) RISK management advisers
(C) Career agency system
(D) Personal producing general
agency
,T would like to be assured $10,000 Ten-Year Endowment
is available in 10 years to replace a
roof on his house. What kind of
$10,000 policy should T purchase?
(A) Interest-Sensitive Whole Life
(B) Ten-Year Endowment
(C) Variable Universal Life
(D) Ten-Year Renewable Term
A group plan was recently 31 days
terminated. In Florida, how many
days are covered individuals
guaranteed coverage after a group
plan's termination?
(A) 14 days
(B) 31 davs
(C) 45 days
(D) 60 days
Which department oversees Market Office of Insurance Regulation
Conduct Examinations in Florida?
(A) Department of Markets
(B) Office of Financial Regulation
(C) Department of Revenue
(D) Office of Insurance Regulation
,A mutual insurance company and a Stock company is owned by its shareholders.
stock insurance company have one Mutual company is owned by its policyholders.
main difference between them.
What is this major contrast?
(A) Stock company is regulated by
the state where it's incorporated.
Mutual company is regulated by its
policyholders.
(B) Stock company is considered an
authorized insurer. Mutual company
is considered an unauthorized
insurer.
(C) Stock company is owned by its
policyholders. Mutual company is
owned by its shareholders
(D) Stock company is owned by its
shareholders. Mutual company is
owned by its policyholders.
Under a Long Term Care policy, Alcohol Rehabilitation
which benefit would be typically
excluded or limited?
(A) Intermediate nursing
(B) Skilled nursing
(C) Home health care
(D) Alcohol rehabilitation
Who has the right to change a Policy Owner
revocable beneficiary?
(A) Beneficiary
(B) Agent
(C) Insurance Agency
(D) Policy Owner
, A health or disability policy's time incontestable period
limit on certain defenses is also
referred to as the policy's:
(A) probationary period.
(B) waiting period.
(C) incontestable period.
(D) elimination period.
Any changes made on an insurance Applicant
application requires the initials of
whom?
(A) Insured
(B) Producer
(C) Applicant
(D) Beneficiary
An exampled of an unfair trade an agent making a material misrepresentation to
practice is: the insured
(A) an agent making a material
misrepresentation to the insured
(B) an agent writing less than 50%
of their total sales from controlled
business
(C) replacing an old life insurance
policy with a new one
(D) denying payment of a claim
within a reasonable time after proof
of loss statements were provided
