Florida 2-15 Insurance License Exam
__________ is whilst coverage values of an coverage coverage are used to purchase every
other coverage with the identical insurer for the sole reason of incomes extra premiums or
commissions. - ANS-Churning
___________ refers back to the monies set apart by insurers for future claims costs. -
ANS-Reserve price range
____________ time period coverage provides a level quantity of protection for a precise length,
and then the coverage expires. - ANS-Level
_____________ health insurance is issued to cowl a collection who may be exposed to the
equal dangers, but the composition of the group is continuously changing. - ANS-Blanket
_______________ guidelines are generally used as a hedge in opposition to inflation to thrust
back reduced purchasing electricity. - ANS-Increasing time period
__________________ are the two maximum important factors in the medical insurance
underwriting process. - ANS-Medical records and career
"ACC" refers back to the type of incapacity that forestalls a person from performing the process
he was acting prior to the disability. - ANS-FALSE
A _____________ organization involves combining several events into a group for the cause of
acquiring coverage. - ANS-fictitious
A entire exam of an HMO's affairs is carried out as a minimum: - ANS-once every 5 years.
A organization life insurance plan wherein the corporation will pay the entire top rate is referred
to as a ________________ plan. - ANS-noncontributory
A health plan with a $five-according to-point conversion aspect could pay _______ for a two
hundred-factor method. - ANS-$1,000
A life insurance coverage will no longer be reinstated if it's been: - ANS-surrendered for its cash
value.
A life coverage coverage's coins price belongs to the insured. - ANS-FALSE
, A man commits suicide 30 months after purchasing a lifestyles coverage coverage and his wife
is the named beneficiary. What amount will his spouse acquire? - ANS-The face amount of the
coverage
A medical cost coverage states that it's going to pay a flat $200 a day for each day of
hospitalization. The policy will pay blessings on what basis? - ANS-Indemnity
A portion of a mutual insurer's premiums are paid out as policy dividends and are taken into
consideration: - ANS-refunds
A prospectus for an character variable insurance settlement: - ANS-must accompany each sales
presentation.
A term lifestyles coverage coverage's coins cost builds all through a especially restricted period
of time. - ANS-FALSE
A Variable annuity separate account might be invested in: - ANS-commonplace stocks and
different securities.
According to Florida's Standard Valuation Law, the __________________ is mandatory. -
ANS-prison reserve
Accumulation units are transformed into annuity units: - ANS-on the time of annuity payout.
AD&D policies make benefits payable in the form of major sum and capital sum. - ANS-TRUE
Agents ought to take a look at with _________________ to decide if the insurer they are
representing is a properly authorized insurer. - ANS-the Department of Financial Services
All statements made on an software are considered ________________ because there can be
no guarantee that they're true. - ANS-representations
An agent engaged in churning because of fraudulent behavior is problem to a first-rate of
________ for every willful violation. (2012) - ANS-$50,000
An agreement that provides that upon a commercial enterprise proprietor's loss of life, surviving
proprietors will purchase the deceased's hobby, often with finances from life coverage
regulations owned by using each important on the lives of all different principals is the: -
ANS-Buy-Sell plan.
An instantaneous annuity is designed to offer earnings: - ANS-Immediately.
__________ is whilst coverage values of an coverage coverage are used to purchase every
other coverage with the identical insurer for the sole reason of incomes extra premiums or
commissions. - ANS-Churning
___________ refers back to the monies set apart by insurers for future claims costs. -
ANS-Reserve price range
____________ time period coverage provides a level quantity of protection for a precise length,
and then the coverage expires. - ANS-Level
_____________ health insurance is issued to cowl a collection who may be exposed to the
equal dangers, but the composition of the group is continuously changing. - ANS-Blanket
_______________ guidelines are generally used as a hedge in opposition to inflation to thrust
back reduced purchasing electricity. - ANS-Increasing time period
__________________ are the two maximum important factors in the medical insurance
underwriting process. - ANS-Medical records and career
"ACC" refers back to the type of incapacity that forestalls a person from performing the process
he was acting prior to the disability. - ANS-FALSE
A _____________ organization involves combining several events into a group for the cause of
acquiring coverage. - ANS-fictitious
A entire exam of an HMO's affairs is carried out as a minimum: - ANS-once every 5 years.
A organization life insurance plan wherein the corporation will pay the entire top rate is referred
to as a ________________ plan. - ANS-noncontributory
A health plan with a $five-according to-point conversion aspect could pay _______ for a two
hundred-factor method. - ANS-$1,000
A life insurance coverage will no longer be reinstated if it's been: - ANS-surrendered for its cash
value.
A life coverage coverage's coins price belongs to the insured. - ANS-FALSE
, A man commits suicide 30 months after purchasing a lifestyles coverage coverage and his wife
is the named beneficiary. What amount will his spouse acquire? - ANS-The face amount of the
coverage
A medical cost coverage states that it's going to pay a flat $200 a day for each day of
hospitalization. The policy will pay blessings on what basis? - ANS-Indemnity
A portion of a mutual insurer's premiums are paid out as policy dividends and are taken into
consideration: - ANS-refunds
A prospectus for an character variable insurance settlement: - ANS-must accompany each sales
presentation.
A term lifestyles coverage coverage's coins cost builds all through a especially restricted period
of time. - ANS-FALSE
A Variable annuity separate account might be invested in: - ANS-commonplace stocks and
different securities.
According to Florida's Standard Valuation Law, the __________________ is mandatory. -
ANS-prison reserve
Accumulation units are transformed into annuity units: - ANS-on the time of annuity payout.
AD&D policies make benefits payable in the form of major sum and capital sum. - ANS-TRUE
Agents ought to take a look at with _________________ to decide if the insurer they are
representing is a properly authorized insurer. - ANS-the Department of Financial Services
All statements made on an software are considered ________________ because there can be
no guarantee that they're true. - ANS-representations
An agent engaged in churning because of fraudulent behavior is problem to a first-rate of
________ for every willful violation. (2012) - ANS-$50,000
An agreement that provides that upon a commercial enterprise proprietor's loss of life, surviving
proprietors will purchase the deceased's hobby, often with finances from life coverage
regulations owned by using each important on the lives of all different principals is the: -
ANS-Buy-Sell plan.
An instantaneous annuity is designed to offer earnings: - ANS-Immediately.
