Florida 2-15 Insurance License Exam /
Comprehensive Study Guide Complete Questions
and Correct Detailed Answers
Terms in this set (149)
Accumulation units are at the time of annuity payout.
converted into annuity units:
A group life
insurancenoncontributory plan in which the
employer pays the entire premium is known
as a
________________ plan.
If a disabled worker covered FALSE
under Social
Security disability benefits
recovers and then is disabled
again within five years, a
new waiting period is
required before benefits
begin again.
Robert had an accident and After 5 months
qualified for Social Security
disability. Given the waiting
period, when will Robert
begin to receive benefits?
beneficiary
The Insuring Clause
includes all of the
following EXCEPT the
,Mutualization occurs when a mutual
stock company
turns to a __________
company.
To provide a safeguard for stop-loss
insureds, most major medical
policies contain a
____________ feature that
limits the insured's out-
ofpocket expenses.
Tom is a newly appointed life, Acme Insurance Agency
health and variable annuity
agent with Acme Insurance
Agency. He is writing his first
insurance policy on his
brother-inlaw's life. Who
does Tom legally represent in
this transaction?
An insurance clause is a both the insurer and the insured
distinct article in a formal
document that establishes
the rules in the contract that
_____________________
must adhere to.
FALSE
"ACC" refers to the type of
disability that prevents
someone from performing
the job he was performing
prior to the disability.
, Which statement is An examination can be conducted at any time to discover any
CORRECT about the unfair trade practices.
Department of Financial
Services' right to examine an
agent's records?
Bill gives Jim a couple of rebating
tickets to a Florida Gators
game to thank him for
purchasing a policy. This is
an example of:
____________ term Level
insurance provides a level
amount of protection for a
specified period, after which
the policy expires.
Business overhead expense TRUE
(B.O.E.) insurance does not
provide benefits to cover the
business owner's salary.
Level, decreasing, and term
increasing insurance are all
basic forms of
____________ insurance.
Hospice services are TRUE
covered under Medicare
Part A.
TRUE
Under Florida law, group
health insurers must offer
mental and nervous
disorder insurance to
policyowners.
Comprehensive Study Guide Complete Questions
and Correct Detailed Answers
Terms in this set (149)
Accumulation units are at the time of annuity payout.
converted into annuity units:
A group life
insurancenoncontributory plan in which the
employer pays the entire premium is known
as a
________________ plan.
If a disabled worker covered FALSE
under Social
Security disability benefits
recovers and then is disabled
again within five years, a
new waiting period is
required before benefits
begin again.
Robert had an accident and After 5 months
qualified for Social Security
disability. Given the waiting
period, when will Robert
begin to receive benefits?
beneficiary
The Insuring Clause
includes all of the
following EXCEPT the
,Mutualization occurs when a mutual
stock company
turns to a __________
company.
To provide a safeguard for stop-loss
insureds, most major medical
policies contain a
____________ feature that
limits the insured's out-
ofpocket expenses.
Tom is a newly appointed life, Acme Insurance Agency
health and variable annuity
agent with Acme Insurance
Agency. He is writing his first
insurance policy on his
brother-inlaw's life. Who
does Tom legally represent in
this transaction?
An insurance clause is a both the insurer and the insured
distinct article in a formal
document that establishes
the rules in the contract that
_____________________
must adhere to.
FALSE
"ACC" refers to the type of
disability that prevents
someone from performing
the job he was performing
prior to the disability.
, Which statement is An examination can be conducted at any time to discover any
CORRECT about the unfair trade practices.
Department of Financial
Services' right to examine an
agent's records?
Bill gives Jim a couple of rebating
tickets to a Florida Gators
game to thank him for
purchasing a policy. This is
an example of:
____________ term Level
insurance provides a level
amount of protection for a
specified period, after which
the policy expires.
Business overhead expense TRUE
(B.O.E.) insurance does not
provide benefits to cover the
business owner's salary.
Level, decreasing, and term
increasing insurance are all
basic forms of
____________ insurance.
Hospice services are TRUE
covered under Medicare
Part A.
TRUE
Under Florida law, group
health insurers must offer
mental and nervous
disorder insurance to
policyowners.
