Florida 2-15 Insurance License Exam 2024
Study online at https://quizlet.com/_hlzelu
Accumulation units are converted into
at the time of annuity payout.
annuity units:
A group life insurance plan in which the
employer pays the entire premium is noncontributory
known as a ________________ plan.
If a disabled worker covered under So-
cial Security disability benefits recovers
and then is disabled again within five FALSE
years, a new waiting period is required
before benefits begin again.
Robert had an accident and qualified
for Social Security disability. Given the
After 5 months
waiting period, when will Robert begin to
receive benefits?
The Insuring Clause includes all of the
beneficiary
following EXCEPT the
Mutualization occurs when a stock com-
mutual
pany turns to a __________ company.
To provide a safeguard for insureds,
most major medical policies contain a
stop-loss
____________ feature that limits the in-
sured's out-of-pocket expenses.
Tom is a newly appointed life, health and
variable annuity agent with Acme Insur-
ance Agency. He is writing his first in-
Acme Insurance Agency
surance policy on his brother-in-law's life.
Who does Tom legally represent in this
transaction?
An insurance clause is a distinct arti-
cle in a formal document that estab-
lishes the rules in the contract that both the insurer and the insured
_____________________ must adhere
to.
"ACC" refers to the type of disability that
FALSE
prevents someone from performing the
, Florida 2-15 Insurance License Exam 2024
Study online at https://quizlet.com/_hlzelu
job he was performing prior to the dis-
ability.
Which statement is CORRECT about the An examination can be conducted at any
Department of Financial Services' right time to discover any unfair trade prac-
to examine an agent's records? tices.
Bill gives Jim a couple of tickets to a
Florida Gators game to thank him for
rebating
purchasing a policy. This is an example
of:
____________ term insurance provides
a level amount of protection for a spec-
Level
ified period, after which the policy ex-
pires.
Business overhead expense (B.O.E.) in-
surance does not provide benefits to cov- TRUE
er the business owner's salary.
Level, decreasing, and increasing in-
surance are all basic forms of term
____________ insurance.
Hospice services are covered under
TRUE
Medicare Part A.
Under Florida law, group health insurers
must offer mental and nervous disorder TRUE
insurance to policyowners.
Deductibles under a group major med-
ical plan usually run from $250 to $500;
$1,000 plus.
whereas individual health plans usually
run from:
Every HMO subscriber must receive a
benefits package that includes a copy of a member's handbook.
the HMO contract and certificate, and:
A life insurance policy will not be reinstat-
surrendered for its cash value.
ed if it has been:
Which of the following is NOT a type of
Term Life
permanent life insurance?
Study online at https://quizlet.com/_hlzelu
Accumulation units are converted into
at the time of annuity payout.
annuity units:
A group life insurance plan in which the
employer pays the entire premium is noncontributory
known as a ________________ plan.
If a disabled worker covered under So-
cial Security disability benefits recovers
and then is disabled again within five FALSE
years, a new waiting period is required
before benefits begin again.
Robert had an accident and qualified
for Social Security disability. Given the
After 5 months
waiting period, when will Robert begin to
receive benefits?
The Insuring Clause includes all of the
beneficiary
following EXCEPT the
Mutualization occurs when a stock com-
mutual
pany turns to a __________ company.
To provide a safeguard for insureds,
most major medical policies contain a
stop-loss
____________ feature that limits the in-
sured's out-of-pocket expenses.
Tom is a newly appointed life, health and
variable annuity agent with Acme Insur-
ance Agency. He is writing his first in-
Acme Insurance Agency
surance policy on his brother-in-law's life.
Who does Tom legally represent in this
transaction?
An insurance clause is a distinct arti-
cle in a formal document that estab-
lishes the rules in the contract that both the insurer and the insured
_____________________ must adhere
to.
"ACC" refers to the type of disability that
FALSE
prevents someone from performing the
, Florida 2-15 Insurance License Exam 2024
Study online at https://quizlet.com/_hlzelu
job he was performing prior to the dis-
ability.
Which statement is CORRECT about the An examination can be conducted at any
Department of Financial Services' right time to discover any unfair trade prac-
to examine an agent's records? tices.
Bill gives Jim a couple of tickets to a
Florida Gators game to thank him for
rebating
purchasing a policy. This is an example
of:
____________ term insurance provides
a level amount of protection for a spec-
Level
ified period, after which the policy ex-
pires.
Business overhead expense (B.O.E.) in-
surance does not provide benefits to cov- TRUE
er the business owner's salary.
Level, decreasing, and increasing in-
surance are all basic forms of term
____________ insurance.
Hospice services are covered under
TRUE
Medicare Part A.
Under Florida law, group health insurers
must offer mental and nervous disorder TRUE
insurance to policyowners.
Deductibles under a group major med-
ical plan usually run from $250 to $500;
$1,000 plus.
whereas individual health plans usually
run from:
Every HMO subscriber must receive a
benefits package that includes a copy of a member's handbook.
the HMO contract and certificate, and:
A life insurance policy will not be reinstat-
surrendered for its cash value.
ed if it has been:
Which of the following is NOT a type of
Term Life
permanent life insurance?
