Insurance Exam Prep

Ran Chen, EA, CFP®
  • 4.0 (4)
  • Courses

Insurance Exam Prep is a daily podcast designed to help future insurance professionals pass their licensing exams with clarity and confidence. Built and operated by OpenExamPrep, this podcast breaks down insurance licensing exams into focused, easy-to-digest episodes covering Life Insurance, Health Insurance, and Property & Casualty, across both the national portion and state-specific requirements. Each episode targets one key concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions. Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Insurance Exam Prep was developed from firsthand experience with how complex—and often poorly taught—insurance exam material can be. The goal is simple: make insurance exam preparation clearer, more accessible, and more effective through structured explanations and modern learning tools. Whether you’re preparing for a Life, Health, or P&C exam, just starting your licensing journey, or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time. Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/

  1. 7h ago

    [FL 2-15 Life & Health] 6, Replacement, Twisting and Churning Are Different Decisions

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * The legal distinctions between legitimate replacement, twisting, and churning under Florida law. * Replacement triggers beyond full surrender, including the knowledge and causation conditions and the loan-value threshold. * Required written disclosures and mandatory timing for the Notice Regarding Replacement. * The explicit separation of duties between replacing agents and replacing insurance carriers. * A simple exam decision rule for categorizing policy movement scenarios correctly. This episode is an independent Florida 2-15 state-law study supplement. Practice online at https://open-exam-prep.com/practice/fl-life-health and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/626.9541 https://flrules.org/gateway/RuleNo.asp?ID=69B-151.002 https://flrules.org/gateway/RuleNo.asp?ID=69B-151.006 https://flrules.org/gateway/RuleNo.asp?ID=69O-151.002

  2. 1d ago

    [FL 2-15 Life & Health] 5, Misrepresentation, Advertising and Florida Rebating Rules

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How state endorsement claims and incomplete benefit comparisons create illegal misrepresentation under Florida law. - Why ad-hoc premium discounts differ from lawful, scheduled commission rebating. - The specific statutory requirements under Florida Statute 626.572 for valid commission rebating schedules. - Why casual gifts and commission rebates cannot be judged by a blanket rule of prohibition. - A memorable decision rule to distinguish legal rebating from prohibited sales inducements on exam day. This independent state-law supplement is designed to assist candidates preparing for the Florida 2-15 Life & Health license exam. Access practice questions at https://open-exam-prep.com/practice/fl-life-health and subscribe to our YouTube channel at https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 - https://www.flsenate.gov/Laws/Statutes/2026/626.9541 - https://www.flsenate.gov/Laws/Statutes/2026/626.572

  3. 2d ago

    [FL 2-15 Life & Health] 4, Premium Handling, Trust Funds and Producer Records

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How Florida Statute Section 626.561 classifies premiums and returned premiums as trust funds held in a fiduciary capacity. * Why temporary borrowing or diversion of client or insurer funds is illegal misappropriation under Florida law. * How criminal penalties distinguish between misappropriating $300 or less versus larger amounts. * The statutory requirement for maintaining separate trust accounts when holding funds for non-appointed insurers. * The difference between the 3-year record retention rule for premium payments and 5-year retention rules for other policy records. This independent study resource is designed to supplement your Florida 2-15 exam preparation. For additional practice questions and study tools, visit https://open-exam-prep.com/practice/fl-life-health and watch video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/626.561 https://www.flsenate.gov/Laws/Statutes/2026/626.748 https://www.flsenate.gov/Laws/Statutes/2026/627.4554

  4. 3d ago

    [FL 2-15 Life & Health] 3, Continuing Education, Appointments and License Records

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How continuing education obligations differ for Florida agents licensed under six years versus six or more years. • Why Florida's perpetual license concept does not grant authority to transact insurance without an active insurer appointment. • How the 48-month unappointed rule affects license expiration and re-qualification. • Mandatory 30-day change reporting rules for updating contact information in MyProfile under Florida Statute 626.551. • License status consequences of moving primary residence out of state and reporting administrative actions. This independent study guide supplements your state exam prep. For interactive practice questions and video prep, visit https://open-exam-prep.com/practice/fl-life-health and https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/626.2815 https://www.flsenate.gov/Laws/Statutes/2026/626.551 https://www.flsenate.gov/Laws/Statutes/2026/626.536 https://myfloridacfo.com/division/agents/licensing/faq

  5. 4d ago

    [FL 2-15 Life & Health] 2, Licenses, Appointments and Authority to Act

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * The legal distinction between holding an agent license and holding an active insurer appointment under Section 626.112. * What constitutes transacting insurance in Florida and why an unappointed agent cannot solicit or take applications. * The licensing requirements for Florida insurance agencies and the requirement to designate an agent in charge. * Why variable contracts require FINRA securities registration in addition to a Florida 2-15 insurance license. * The structure of the Florida 2-15 state examination, including question counts, time limits, and state law domain weighting. This independent educational supplement is designed to assist candidates preparing for the Florida 2-15 Life & Health license exam. For practice questions and study guides, visit https://open-exam-prep.com/practice/fl-life-health and https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/626.112 https://www.flsenate.gov/Laws/Statutes/2026/626.371 https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/121003.pdf

  6. 5d ago

    [FL 2-15 Life & Health] 1, Florida Regulators and the State-Law Study Roadmap

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • The breakdown of Florida state-law topics within the combined Florida 2-15 Life & Health exam • The jurisdictional boundaries of the Chief Financial Officer and Department of Financial Services (DFS) • The regulatory responsibilities of the Office of Insurance Regulation (OIR) regarding forms and solvency • The roles of the Financial Services Commission and Office of Financial Regulation (OFR) • A practical actor/action/authority decision rule for identifying regulatory bodies on test questions This episode is an independent study supplement for Florida 2-15 candidates. Access free practice questions at https://open-exam-prep.com/practice/fl-life-health and video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/20.121 https://www.flsenate.gov/Laws/Statutes/2026/627.4554 https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/121003.pdf

  7. 6d ago

    [TX P&C] 25. Final Review of Texas P&C State-Law Decisions

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How Texas Insurance Code § 542.055 requires 15 calendar days (30 business days for surplus lines) for admitted carriers to acknowledge covered first-party claims. * How weather-related catastrophe designations under § 542.059 extend prompt payment deadlines by 15 calendar days, and how § 542.056 permits a 45-day decision extension notice. * How to distinguish initial claim acknowledgment timelines from the 15 business-day claim acceptance or rejection deadline under § 542.056. * How Texas Insurance Code § 4005.053 prohibits paying unlicensed individuals for agent services while permitting deferred commissions and qualified referral fees. * How producer conduct, licensing rules, and surplus lines diligence interface with a systematic source-check routine without relying on guaranteed passing claims. For independent study materials and free practice resources, visit https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 https://tcss.legis.texas.gov/resources/IN/htm/IN.542.htm https://tcss.legis.texas.gov/resources/IN/htm/IN.4005.htm https://www.tdi.texas.gov/consumer/index.html

  8. Oct 29

    [TX P&C] 24. Workers Compensation and Claims-Conduct Case Review

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How elective employer subscription in Texas operates, including exceptions for public entities and public construction contracts. - Statutory exclusive remedy protections and narrow exceptions like gross negligence causing death. - How course and scope of employment defines employee eligibility for statutory benefits. - Employee reporting rules, statutory exceptions to thirty-day notice, and insurer claims obligations. - Why routine employee safety rule violations do not defeat claims under the no-fault system. For independent study materials, visit https://open-exam-prep.com/practice/tx-property-casualty and check our video channel at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 https://tcss.legis.texas.gov/resources/LA/htm/LA.406.htm https://www.tdi.texas.gov/wc/index.html

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About

Insurance Exam Prep is a daily podcast designed to help future insurance professionals pass their licensing exams with clarity and confidence. Built and operated by OpenExamPrep, this podcast breaks down insurance licensing exams into focused, easy-to-digest episodes covering Life Insurance, Health Insurance, and Property & Casualty, across both the national portion and state-specific requirements. Each episode targets one key concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions. Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Insurance Exam Prep was developed from firsthand experience with how complex—and often poorly taught—insurance exam material can be. The goal is simple: make insurance exam preparation clearer, more accessible, and more effective through structured explanations and modern learning tools. Whether you’re preparing for a Life, Health, or P&C exam, just starting your licensing journey, or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time. Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/

Information

  • Creator
    Ran Chen, EA, CFP®
  • Years Active
    2026
  • Episodes
    298
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Ran Chen, EA, CFP®
  • Show Website
    Insurance Exam Prep

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