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Florida 2-15 Insurance License
Exam Questions and Answers
(100% Pass)
Accumulation units are converted into annuity units:
✓ at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan.
✓ 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.
✓ FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits?
✓ After 5 months
The Insuring Clause includes all of the following EXCEPT the
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✓ beneficiary
Mutualization occurs when a stock company turns to a __________ company.
✓ mutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses.
✓ 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?
✓ 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.
✓ 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.
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✓ FALSE
Which statement is CORRECT about the Department of Financial Services' right
to examine an agent's records?
✓ 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:
✓ rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires.
✓ Level
Business overhead expense (B.O.E.) insurance does not provide benefits to
cover the business owner's salary.
✓ TRUE
Level, decreasing, and increasing insurance are all basic forms of
____________ insurance.
Master01 |Excellent Study Material| Latest update
Florida 2-15 Insurance License
Exam Questions and Answers
(100% Pass)
Accumulation units are converted into annuity units:
✓ at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan.
✓ 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.
✓ FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits?
✓ After 5 months
The Insuring Clause includes all of the following EXCEPT the
Master01 |Excellent Study Material| Latest update
, 1|Page | © copyright Master01| Grade A+
✓ beneficiary
Mutualization occurs when a stock company turns to a __________ company.
✓ mutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses.
✓ 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?
✓ 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.
✓ 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.
Master01 |Excellent Study Material| Latest update
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✓ FALSE
Which statement is CORRECT about the Department of Financial Services' right
to examine an agent's records?
✓ 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:
✓ rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires.
✓ Level
Business overhead expense (B.O.E.) insurance does not provide benefits to
cover the business owner's salary.
✓ TRUE
Level, decreasing, and increasing insurance are all basic forms of
____________ insurance.
Master01 |Excellent Study Material| Latest update
