Florida Life Insurance & Annuity Exam Study Guide (Complete 2-14)

Studying for the Florida Life Insurance & Annuity (2-14) license exam? This is your complete walkthrough of the state-specific (Florida) portion — explained in plain English, from the ground up, so it actually makes sense even if you've never worked in insurance a day in your life. We start with the insurance basics, then layer on every Florida rule the exam tests: regulators, licensing, discipline, unfair trade practices, replacement, the new annuity best-interest standard, senior protections, the guaranty association limits, and all the day-counts and dollar figures you need to memorize. Every statute and figure in this guide has been checked against the Florida Statutes, the Florida Administrative Code, and MyFloridaCFO. Watch it once for the big picture, then come back and drill the numbers. By test day, the "why" behind each rule will help you answer questions you've never even seen before. _______________________________________________________________ 📲 DOWNLOAD THE APP — My Insurance Guide Flashcards Flashcard App (iOS): https://apps.apple.com/us/app/my-insu... Flashcard App (Android): https://play.google.com/store/apps/de... Use the app to lock in every term and quiz yourself before exam day. Active recall is what moves these definitions into long-term memory. _______________________________________________________________ 🔔 SUBSCRIBE for more insurance study guides, exam breakdowns, and pass tips ⏱️ CHAPTERS 0:00 - Introduction 1:31 - Insurance Basics 4:48 - How a Policy Is Bought and Issued 7:04 - How the Exam Works 8:17 - Who Regulates Insurance in Florida 10:03 - How Insurers Are Classified 11:01 - Unauthorized Insurers and Personal Liability 12:01 - Producer Licensing 13:34 - Appointments 14:16 - Keeping Your License in Good Standing 15:52 - Fiduciary Duty and Handling Money 16:57 - License Discipline: Mandatory vs. Discretionary 18:31 - DFS Enforcement Powers and Penalties 19:58 - Insurance Fraud 21:10 - Unfair Trade Practices 23:11 - Claims Handling and Death Benefits 23:37 - Replacement 24:55 - Disclosure and Advertising 25:33 - Types of Life Insurance Policies 27:01 - Riders 27:37 - Required Policy Provisions 29:44 - Nonforfeiture, Dividends, and Settlement Options 30:34 - Beneficiaries 32:19 - Annuities 34:14 - Variable Contracts 35:03 - Annuity Suitability and the Best-Interest Standard 37:17 - Senior Protections: Lapse and Secondary Notice 39:17 - Viatical Settlements and STOLI 40:24 - Group Life 41:30 - Taxation 42:05 - Florida Guaranty Association (FLAHIGA) 42:54 - Recap ✅ WHO THIS IS FOR First-time test-takers, career changers, and anyone retaking the Florida 2-14 exam. This covers the Florida state-specific material; the general/national insurance concepts are covered in a separate video. ⚠️ DISCLAIMER This video is for educational purposes only and is not legal, financial, or professional advice. My Insurance Guide is not affiliated with the Florida Department of Financial Services or any government agency. Insurance laws and figures change — always verify current requirements at MyFloridaCFO.com before relying on them. #FloridaInsurance #FloridaLifeInsurance #LifeInsurance #InsuranceLicense #ExamPrep #InsuranceAgent