FLORIDA 2-15 INSURANCE LICENSE
COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ Which of the following factors determines whether policy dividends will be
paid on a participating policy?
A. reserves and experience
B. expenses and claims costs
C. interest and benefits
D. premiums and renewability.
Answer: B. If expenses and claims costs are less than expected, dividends
are likely to be paid.
◍ Mediation.
Answer: negotiation to resolve a dispute
◍ Members on barber board.
Answer: 7; 5 are licensed practicing barbers in good standing who have
practiced barbering in this state for at least 5 years; 2 who are citizens who
are not licensed or are in anyway connected to barbering
◍ Members on the barber board.
Answer: 7 total numbers of members. 5 members of the board shall be
barbers. Who have practice the occupation of barbering in this state for at
least 5 years. 2 lay persons who are not presently licensed barbers. Can not
be connected with the manufacturing rental, wholesale, distribution of
barber equipment or supplies.
◍ A barbershop may contain less than 100 square feet of floor (75 minimum)
, must comply with these requirement:.
Answer: 1. Only one barber and one customer shall be in shop at any one
time.2. No person shall wait at the barbershop for a service, no waiting
room, no avertisement, or telephone listing for the barbershop.
◍ Bob purchases a $50,000, five year level term policy. All of the following
statements about Bob's coverage are correct EXCEPT
A. the policy provides straight, level $50,000 of coverage for five years
B. if the insured dies at any time during the five years, his beneficiary will
receive the policy's face value
C. if the insured dies after the specified five years, only the policy's cash
value will be paid
D. if the insured lives beyond the five years, the policy expires and no
benefits are payable.
Answer: C. If the insured lives beyond the five year period, the policy
expires and no benefits are payable. There are no cash values in term
policies.
◍ Personal Producing General Agencies (a.k.a. PPGAs) are very similar to the
career agency system; however, PPGA’s do not.
Answer: recruit and supervise career agents only SELLING INSURANCE
◍ Regular notices sent to policyowners for payment of their life insurance
policy premiums reflect
A. gross premium
B. net level premium
C. net single premium
D. none of the above.
Answer: A. Gross premium equals net single premium plus expense. The
gross premium is what the policyowners are required to pay.
◍ insurance carriers that offer more than one line of insurance..
Answer: Multi-Line Insurers
◍ Fines and penalties shall be paid within ______ days of its imposition.
Answer: 30
,◍ One barber.
Answer: No more than _______ at anytime may perform barbering services
in a barbershop. Which has only the minimum floor space.
◍ Any barbershop that is planning to temporarily close for a period of 90 days
or longer is required to.
Answer: Notify the Department in writing and be inspected again before
opening.
◍ Fine for failing to display your license..
Answer: $100.00 per violation $500.00 cap
◍ when a stock company converts itself to a mutual company..
Answer: Mutualization
◍ agents are required to determine client's needs and to promote products that
best meet those needs; this is done by diligent and ethical: (1) fact finding
from the client and (2) education provided to the client..
Answer: Selling to Needs:
◍ Policy Dividends are essentially a.
Answer: return of premium that remains after the company has paid
expenses and are never guaranteed to a policyholder
◍ Duplicate license fee.
Answer: $25
◍ Which provision of a life insurance policy states that the application is part
of the contract?
A. consideration clause
B. insuring clause
C. entire contract clause
D. incontestable clause.
Answer: C. The entire contract clause states that the policy document; the
application, which is attached to the policy; and any attached riders
constitute the entire contract. The policy cannot refer to any outside
, documents as being part of the contract.
◍ Use of _____ pencils are prohibited.
Answer: Steptic
◍ government programs that are funded with taxpayer dollars and serve
national and state purposes.
Answer: Social insurance programs
◍ Assume 4 individuals, all age 30, purchase the following life insurance
policies. If all policies are still in force 10 years later, who will have the
largest cash value in his policy?Bob $100,000 straight whole lifeDennis
$100,000 life paid-up at 65Ralph $100,000 20-pay lifeJack $100,000 life
paid-up at 55
A. Bob
B. Dennis
C. Ralph
D. Jack.
Answer: C. The larger the face amount of the policy, the larger the cash
values; the shorter the premium-payment period, the quicker the cash values
grow; and the longer the policy has been in force, the greater the build-up in
cash values.
◍ All implements must be immersed in a disinfectant approved by.
Answer: The EPA
◍ The act requires "fair and accurate reporting of information about
consumers" including applications for insurance. Insurers are required to
inform applicants about any investigation made as part of the application
process. Additionally, if any report used contains information that precludes
the application from coverage or the best overall rate the applicant must be
provided the reporting agencies information..
Answer: 1970 - Fair Credit Reporting Act.
◍ Replace with disinfected tool.
Answer: What should you do if your tool is dropped on the floor during a
COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ Which of the following factors determines whether policy dividends will be
paid on a participating policy?
A. reserves and experience
B. expenses and claims costs
C. interest and benefits
D. premiums and renewability.
Answer: B. If expenses and claims costs are less than expected, dividends
are likely to be paid.
◍ Mediation.
Answer: negotiation to resolve a dispute
◍ Members on barber board.
Answer: 7; 5 are licensed practicing barbers in good standing who have
practiced barbering in this state for at least 5 years; 2 who are citizens who
are not licensed or are in anyway connected to barbering
◍ Members on the barber board.
Answer: 7 total numbers of members. 5 members of the board shall be
barbers. Who have practice the occupation of barbering in this state for at
least 5 years. 2 lay persons who are not presently licensed barbers. Can not
be connected with the manufacturing rental, wholesale, distribution of
barber equipment or supplies.
◍ A barbershop may contain less than 100 square feet of floor (75 minimum)
, must comply with these requirement:.
Answer: 1. Only one barber and one customer shall be in shop at any one
time.2. No person shall wait at the barbershop for a service, no waiting
room, no avertisement, or telephone listing for the barbershop.
◍ Bob purchases a $50,000, five year level term policy. All of the following
statements about Bob's coverage are correct EXCEPT
A. the policy provides straight, level $50,000 of coverage for five years
B. if the insured dies at any time during the five years, his beneficiary will
receive the policy's face value
C. if the insured dies after the specified five years, only the policy's cash
value will be paid
D. if the insured lives beyond the five years, the policy expires and no
benefits are payable.
Answer: C. If the insured lives beyond the five year period, the policy
expires and no benefits are payable. There are no cash values in term
policies.
◍ Personal Producing General Agencies (a.k.a. PPGAs) are very similar to the
career agency system; however, PPGA’s do not.
Answer: recruit and supervise career agents only SELLING INSURANCE
◍ Regular notices sent to policyowners for payment of their life insurance
policy premiums reflect
A. gross premium
B. net level premium
C. net single premium
D. none of the above.
Answer: A. Gross premium equals net single premium plus expense. The
gross premium is what the policyowners are required to pay.
◍ insurance carriers that offer more than one line of insurance..
Answer: Multi-Line Insurers
◍ Fines and penalties shall be paid within ______ days of its imposition.
Answer: 30
,◍ One barber.
Answer: No more than _______ at anytime may perform barbering services
in a barbershop. Which has only the minimum floor space.
◍ Any barbershop that is planning to temporarily close for a period of 90 days
or longer is required to.
Answer: Notify the Department in writing and be inspected again before
opening.
◍ Fine for failing to display your license..
Answer: $100.00 per violation $500.00 cap
◍ when a stock company converts itself to a mutual company..
Answer: Mutualization
◍ agents are required to determine client's needs and to promote products that
best meet those needs; this is done by diligent and ethical: (1) fact finding
from the client and (2) education provided to the client..
Answer: Selling to Needs:
◍ Policy Dividends are essentially a.
Answer: return of premium that remains after the company has paid
expenses and are never guaranteed to a policyholder
◍ Duplicate license fee.
Answer: $25
◍ Which provision of a life insurance policy states that the application is part
of the contract?
A. consideration clause
B. insuring clause
C. entire contract clause
D. incontestable clause.
Answer: C. The entire contract clause states that the policy document; the
application, which is attached to the policy; and any attached riders
constitute the entire contract. The policy cannot refer to any outside
, documents as being part of the contract.
◍ Use of _____ pencils are prohibited.
Answer: Steptic
◍ government programs that are funded with taxpayer dollars and serve
national and state purposes.
Answer: Social insurance programs
◍ Assume 4 individuals, all age 30, purchase the following life insurance
policies. If all policies are still in force 10 years later, who will have the
largest cash value in his policy?Bob $100,000 straight whole lifeDennis
$100,000 life paid-up at 65Ralph $100,000 20-pay lifeJack $100,000 life
paid-up at 55
A. Bob
B. Dennis
C. Ralph
D. Jack.
Answer: C. The larger the face amount of the policy, the larger the cash
values; the shorter the premium-payment period, the quicker the cash values
grow; and the longer the policy has been in force, the greater the build-up in
cash values.
◍ All implements must be immersed in a disinfectant approved by.
Answer: The EPA
◍ The act requires "fair and accurate reporting of information about
consumers" including applications for insurance. Insurers are required to
inform applicants about any investigation made as part of the application
process. Additionally, if any report used contains information that precludes
the application from coverage or the best overall rate the applicant must be
provided the reporting agencies information..
Answer: 1970 - Fair Credit Reporting Act.
◍ Replace with disinfected tool.
Answer: What should you do if your tool is dropped on the floor during a
