FLORIDA 2-15 INSURANCE LICENCE EXAM QUESTIONS AND CORRECT ANSWERS NEWEST 2025 ACTUAL
EXAM COMPLETE
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.
, FLORIDA 2-15 INSURANCE LICENCE EXAM QUESTIONS AND CORRECT ANSWERS NEWEST 2025 ACTUAL
EXAM COMPLETE
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
EXAM COMPLETE
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.
, FLORIDA 2-15 INSURANCE LICENCE EXAM QUESTIONS AND CORRECT ANSWERS NEWEST 2025 ACTUAL
EXAM COMPLETE
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
