2-15 INSURANCE LICENSE FLORIDA
2026/2027 ACTUAL QUESTIONS WITH
VERIFIED ANSWERS.
Benefit period provision - correct answer-o Short-term benefit
period
• Ranges from six months to a year
o Long-term benefit period
• More than a few years, such as 5, 10, or 20 years
• Sometime will cover insured till age 65
o Benefit period depends on the policy
Policy Exclusions - correct answer-WAR:policy wont pay if one
dies do to a war.
AVIATION:policy wont pay id one was to die in an aviation
accident.
HAZARDUS OCCUPATIONS:Wont pay if death is do to a
dangerous job or a risky hobbie.
COMMISSION OF A FELONY: policy wont pay id death
ohappends during an ilegal activity
,Social Security rider - correct answer-o Provides extra income
when social insurance benefits are not being received by the
insured
o Must show that they have applied for social insurance
benefits
Principal Sum - correct answer-is the stated amount payable as
a death benefit death is due to an accident
Capital Sum - correct answer-Amount provided for accidental
dismemberment or loss of eyesight. Indemnities for loss of one
member or sight of one eye are percentages of the capital sum.
Accidental Means - correct answer-Both the cause and the
result of the accident must have been unintentional. Normally,
the death cause by the accident must occur within 90 or 180
days of the incident
AD&D Insurance - correct answer-Short for "accidental death
and disability", a form of life and income replacement insurance
,Medicare Supplement - correct answer-Health plan that covers
specific expenses not covered by Medicare.
Intermediate Nursing Care - correct answer-Medical care
leading to recovery which is received on an occasional basis as
opposed to intense, daily care.
Skilled nursing care - correct answer-- 24/7 for nursing and
rehabilitative care and is the most expensive care that can be
given
o Only available by prescription through a doctor
home health care - correct answer-Provides nursing, therapy,
personal care, or housekeeping services in patient's own home
Custodial Care - correct answer-Unskilled care given for the
primary purpose of meeting personal needs, such as bathing
and dressing
, Continuing Care - correct answer-- Designed for seniors while
living in an ongoing or lifelong care retirement community and
provides assistance with full time medical and social needs
respite care - correct answer-planned short-term care, usually
for the purpose of relieving a full-time informal caregiver
NAIC - correct answer-National Association of Insurance
Commissioners
Field Underwriting Duties - correct answer-completing the
application and collecting the premium (agent doesnt issue
policy)
Premium rates - correct answer-1. Preferred rate - low premium
2. Standard rate - normal premium
3. Substandard rate - higher premium
4. Uninsurable - decline coverage all together
occupational risk - correct answer-Five classes of up to patient
or wrist from AAA highest rating to lowest risk
2026/2027 ACTUAL QUESTIONS WITH
VERIFIED ANSWERS.
Benefit period provision - correct answer-o Short-term benefit
period
• Ranges from six months to a year
o Long-term benefit period
• More than a few years, such as 5, 10, or 20 years
• Sometime will cover insured till age 65
o Benefit period depends on the policy
Policy Exclusions - correct answer-WAR:policy wont pay if one
dies do to a war.
AVIATION:policy wont pay id one was to die in an aviation
accident.
HAZARDUS OCCUPATIONS:Wont pay if death is do to a
dangerous job or a risky hobbie.
COMMISSION OF A FELONY: policy wont pay id death
ohappends during an ilegal activity
,Social Security rider - correct answer-o Provides extra income
when social insurance benefits are not being received by the
insured
o Must show that they have applied for social insurance
benefits
Principal Sum - correct answer-is the stated amount payable as
a death benefit death is due to an accident
Capital Sum - correct answer-Amount provided for accidental
dismemberment or loss of eyesight. Indemnities for loss of one
member or sight of one eye are percentages of the capital sum.
Accidental Means - correct answer-Both the cause and the
result of the accident must have been unintentional. Normally,
the death cause by the accident must occur within 90 or 180
days of the incident
AD&D Insurance - correct answer-Short for "accidental death
and disability", a form of life and income replacement insurance
,Medicare Supplement - correct answer-Health plan that covers
specific expenses not covered by Medicare.
Intermediate Nursing Care - correct answer-Medical care
leading to recovery which is received on an occasional basis as
opposed to intense, daily care.
Skilled nursing care - correct answer-- 24/7 for nursing and
rehabilitative care and is the most expensive care that can be
given
o Only available by prescription through a doctor
home health care - correct answer-Provides nursing, therapy,
personal care, or housekeeping services in patient's own home
Custodial Care - correct answer-Unskilled care given for the
primary purpose of meeting personal needs, such as bathing
and dressing
, Continuing Care - correct answer-- Designed for seniors while
living in an ongoing or lifelong care retirement community and
provides assistance with full time medical and social needs
respite care - correct answer-planned short-term care, usually
for the purpose of relieving a full-time informal caregiver
NAIC - correct answer-National Association of Insurance
Commissioners
Field Underwriting Duties - correct answer-completing the
application and collecting the premium (agent doesnt issue
policy)
Premium rates - correct answer-1. Preferred rate - low premium
2. Standard rate - normal premium
3. Substandard rate - higher premium
4. Uninsurable - decline coverage all together
occupational risk - correct answer-Five classes of up to patient
or wrist from AAA highest rating to lowest risk
