FLORIDA 2 15 INSURANCE LICENSE ACTUAL
QUESTIONS WITH VERIFIED SOLUTIONS
◉ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability.
Answer: FALSE
◉ Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records?
Answer: An examination can be conducted at any time to discover
any unfair trade practices.
◉ Bill gives Jim a couple of tickets to a Florida Gators game to thank
him for purchasing a policy. This is an example of:
Answer: rebating
◉ ____________ term insurance provides a level amount of protection
for a specified period, after which the policy expires.
Answer: Level
◉ Business overhead expense (B.O.E.) insurance does not provide
benefits to cover the business owner's salary.
Answer: TRUE
,◉ Level, decreasing, and increasing insurance are all basic forms of
____________ insurance.
Answer: term
◉ Hospice services are covered under Medicare Part A.
Answer: TRUE
◉ Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners.
Answer: TRUE
◉ Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
Answer: $1,000 plus.
◉ Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:
Answer: a member's handbook.
◉ A life insurance policy will not be reinstated if it has been:
Answer: surrendered for its cash value.
, ◉ Which of the following is NOT a type of permanent life insurance?
Answer: Term Life
◉ In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance.
Answer: parent or legal guardian
◉ When an agent spreads a false story that damages a competing
agent's reputation, the offense is called:
Answer: defamation
◉ __________ is when policy values of an insurance policy are used to
purchase another policy with the same insurer for the sole purpose
of earning additional premiums or commissions.
Answer: Churning
◉ Once an organization has filed an application to conduct
insurance business, the Office of Insurance Regulation will begin its
review for issuing a(n):
Answer: Certificate of Authority
◉ Florida law requires health insurance policies and HMO contracts
to provide coverage for all medically necessary equipment, supplies
QUESTIONS WITH VERIFIED SOLUTIONS
◉ "ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability.
Answer: FALSE
◉ Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records?
Answer: An examination can be conducted at any time to discover
any unfair trade practices.
◉ Bill gives Jim a couple of tickets to a Florida Gators game to thank
him for purchasing a policy. This is an example of:
Answer: rebating
◉ ____________ term insurance provides a level amount of protection
for a specified period, after which the policy expires.
Answer: Level
◉ Business overhead expense (B.O.E.) insurance does not provide
benefits to cover the business owner's salary.
Answer: TRUE
,◉ Level, decreasing, and increasing insurance are all basic forms of
____________ insurance.
Answer: term
◉ Hospice services are covered under Medicare Part A.
Answer: TRUE
◉ Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners.
Answer: TRUE
◉ Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
Answer: $1,000 plus.
◉ Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:
Answer: a member's handbook.
◉ A life insurance policy will not be reinstated if it has been:
Answer: surrendered for its cash value.
, ◉ Which of the following is NOT a type of permanent life insurance?
Answer: Term Life
◉ In Florida, a ______________ must sign for and on behalf of a minor
purchasing life insurance.
Answer: parent or legal guardian
◉ When an agent spreads a false story that damages a competing
agent's reputation, the offense is called:
Answer: defamation
◉ __________ is when policy values of an insurance policy are used to
purchase another policy with the same insurer for the sole purpose
of earning additional premiums or commissions.
Answer: Churning
◉ Once an organization has filed an application to conduct
insurance business, the Office of Insurance Regulation will begin its
review for issuing a(n):
Answer: Certificate of Authority
◉ Florida law requires health insurance policies and HMO contracts
to provide coverage for all medically necessary equipment, supplies
