FLORIDA 2-15 INSURANCE LICENSE EXAM | COMPLETE QUESTIONS
WITH EXPERT SOLUTIONS 2026-2027 LATEST UPDATED | GET A+
Accumulation units are converted into annuity units: - (Answer)at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan. - (Answer)noncontributory
If a disabled worker covered under Social Security disability benefits recovers and then is
disabled again within five years, a new waiting period is required before benefits begin again. -
(Answer)FALSE
Robert had an accident and qualified for Social Security disability. Given the waiting period,
when will Robert begin to receive benefits? - (Answer)After 5 months
The Insuring Clause includes all of the following EXCEPT the - (Answer)beneficiary
Mutualization occurs when a stock company turns to a __________ company. - (Answer)mutual
,To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses. - (Answer)stop-loss
Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency.
He is writing his first insurance policy on his brother-in-law's life. Who does Tom legally
represent in this transaction? - (Answer)Acme Insurance Agency
An insurance clause is a distinct article in a formal document that establishes the rules in the
contract that _____________________ must adhere to. - (Answer)both the insurer and the
insured
"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.
WITH EXPERT SOLUTIONS 2026-2027 LATEST UPDATED | GET A+
Accumulation units are converted into annuity units: - (Answer)at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan. - (Answer)noncontributory
If a disabled worker covered under Social Security disability benefits recovers and then is
disabled again within five years, a new waiting period is required before benefits begin again. -
(Answer)FALSE
Robert had an accident and qualified for Social Security disability. Given the waiting period,
when will Robert begin to receive benefits? - (Answer)After 5 months
The Insuring Clause includes all of the following EXCEPT the - (Answer)beneficiary
Mutualization occurs when a stock company turns to a __________ company. - (Answer)mutual
,To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses. - (Answer)stop-loss
Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency.
He is writing his first insurance policy on his brother-in-law's life. Who does Tom legally
represent in this transaction? - (Answer)Acme Insurance Agency
An insurance clause is a distinct article in a formal document that establishes the rules in the
contract that _____________________ must adhere to. - (Answer)both the insurer and the
insured
"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.
