FLORIDA 2-15 INSURANCE LICENCE
EXAM QUESTIONS WITH ACCURATE
ANSWERS ALREADY graded A+ 2025
LATEST|100% |GUARANTEED PASS.
According to Florida law, which of the following information does not need to be obtained by an agent
recommending an annuity purchase
Marital status
When is it acceptable to share commissions with another agent
as long as both agents are licensed for the same lines of insurance
What is the elimination period of an individual disability policy
period a disabled person must wait before benefits are paid
.
Which type of provider is known for stressing preventative medical care and routine physical examinations
health maintenance organizations (HMOs)
.
.
group health plans typically contain a coordination of benefits (cob) provision. The purpose of this provision is to
avoid the duplication of benefit payments
.
A noncontributory group term life plan is characterized by
,The entire cost of the plan is paid for by the employer
.
a disability income policy owner recently submitted a claim for a chronic neck problem that has now resulted in total
disability. the original neck injury occurred before the application was taken 5 years prior. the neck injury was never
disclosed to the insurer at the time of application. how will the insurer handle this claim?- correct -ans-
claim will be paid and coverage will remain in force
.
an insurance company would most likely pay benefits under an accidental death and dismemberment policy for
which of the following losses?- correct -ans-
loss of eyesight due to an accidental injury
.
a life insurance arrangement that circumvents insurable interest statutes is called
Investor-originated life insurance
.
Which entity approves the insurance policy forms used in Florida
office of insurance regulation (oir)
.
the provision that defines to whom the insurer will pay benefits to is called
payment of claims
.
,a life insurance application may be rejected based on all of these factors except
gender
.
which two entities regulate variable annuities
Department of Financial Services; and Securities Exchange Commission
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?- correct -ans-
After 5 months
The Insuring Clause includes all of the following EXCEPT the
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?- correct -ans-
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.
FALSE
Which statement is CORRECT about the Department of Financial Services' right to examine an agent's records?-
correct -ans-
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
EXAM QUESTIONS WITH ACCURATE
ANSWERS ALREADY graded A+ 2025
LATEST|100% |GUARANTEED PASS.
According to Florida law, which of the following information does not need to be obtained by an agent
recommending an annuity purchase
Marital status
When is it acceptable to share commissions with another agent
as long as both agents are licensed for the same lines of insurance
What is the elimination period of an individual disability policy
period a disabled person must wait before benefits are paid
.
Which type of provider is known for stressing preventative medical care and routine physical examinations
health maintenance organizations (HMOs)
.
.
group health plans typically contain a coordination of benefits (cob) provision. The purpose of this provision is to
avoid the duplication of benefit payments
.
A noncontributory group term life plan is characterized by
,The entire cost of the plan is paid for by the employer
.
a disability income policy owner recently submitted a claim for a chronic neck problem that has now resulted in total
disability. the original neck injury occurred before the application was taken 5 years prior. the neck injury was never
disclosed to the insurer at the time of application. how will the insurer handle this claim?- correct -ans-
claim will be paid and coverage will remain in force
.
an insurance company would most likely pay benefits under an accidental death and dismemberment policy for
which of the following losses?- correct -ans-
loss of eyesight due to an accidental injury
.
a life insurance arrangement that circumvents insurable interest statutes is called
Investor-originated life insurance
.
Which entity approves the insurance policy forms used in Florida
office of insurance regulation (oir)
.
the provision that defines to whom the insurer will pay benefits to is called
payment of claims
.
,a life insurance application may be rejected based on all of these factors except
gender
.
which two entities regulate variable annuities
Department of Financial Services; and Securities Exchange Commission
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?- correct -ans-
After 5 months
The Insuring Clause includes all of the following EXCEPT the
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?- correct -ans-
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.
FALSE
Which statement is CORRECT about the Department of Financial Services' right to examine an agent's records?-
correct -ans-
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
