FLORIDA 2-15 INSURANCE LICENSE EXAM ACTUAL
LATEST UPDATE 2026
accumulation units are converted into annuity units: ans: at the time of annuity payout.
a group life insurance plan in which the employer pays the entire premium is known as a
plan. ans: 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. ans: false
robert had an accident and qualified for social security disability. given the waiting
period, when will robert begin to receive benefits? ans: after 5 months
the insuring clause includes all of the following except the ans: beneficiary
mutualization occurs when a stock company turns to a company. ans:
mutual
to provide a safeguard for insureds, most major medical policies contain a
feature that limits the insured's out-of-pocket expenses. ans: 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? 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. ans: 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. ans: false
which statement is correct about the department of financial services' right to examine an
agent's records? 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: ans: rebating
, term insurance provides a level amount of protection for a specified
period, after which the policy expires. ans: level
business overhead expense (b.o.e.) insurance does not provide benefits to cover the
business owner's salary. ans: true
level, decreasing, and increasing insurance are all basic forms of
insurance. ans: term
hospice services are covered under medicare part a. ans: true
under florida law, group health insurers must offer mental and nervous disorder insurance
to policyowners. ans: true
deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from: ans: $1,000 plus.
every hmo subscriber must receive a benefits package that includes a copy of the hmo
contract and certificate, and: ans: a member's handbook.
a life insurance policy will not be reinstated if it has been: ans: surrendered for its cash
value.
which of the following is not a type of permanent life insurance? ans: term life
in florida, a must sign for and on behalf of a minor purchasing life
insurance. ans: parent or legal guardian
when an agent spreads a false story that damages a competing agent's reputation, the
offense is called: ans: defamation
is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions. ans: churning
once an organization has filed an application to conduct insurance business, the office of
insurance regulation will begin its review for issuing a(n): ans: certificate of authority
florida law requires health insurance policies and hmo contracts to provide coverage for all
medically necessary equipment, supplies and services used to treat diabetes when the
patient's physician certifies that they are medically necessary. ans: true
if an insurance company reimburses the insured for medical expenses, can the insured
deduct that amount from their federal income tax? ans: no
LATEST UPDATE 2026
accumulation units are converted into annuity units: ans: at the time of annuity payout.
a group life insurance plan in which the employer pays the entire premium is known as a
plan. ans: 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. ans: false
robert had an accident and qualified for social security disability. given the waiting
period, when will robert begin to receive benefits? ans: after 5 months
the insuring clause includes all of the following except the ans: beneficiary
mutualization occurs when a stock company turns to a company. ans:
mutual
to provide a safeguard for insureds, most major medical policies contain a
feature that limits the insured's out-of-pocket expenses. ans: 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? 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. ans: 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. ans: false
which statement is correct about the department of financial services' right to examine an
agent's records? 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: ans: rebating
, term insurance provides a level amount of protection for a specified
period, after which the policy expires. ans: level
business overhead expense (b.o.e.) insurance does not provide benefits to cover the
business owner's salary. ans: true
level, decreasing, and increasing insurance are all basic forms of
insurance. ans: term
hospice services are covered under medicare part a. ans: true
under florida law, group health insurers must offer mental and nervous disorder insurance
to policyowners. ans: true
deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from: ans: $1,000 plus.
every hmo subscriber must receive a benefits package that includes a copy of the hmo
contract and certificate, and: ans: a member's handbook.
a life insurance policy will not be reinstated if it has been: ans: surrendered for its cash
value.
which of the following is not a type of permanent life insurance? ans: term life
in florida, a must sign for and on behalf of a minor purchasing life
insurance. ans: parent or legal guardian
when an agent spreads a false story that damages a competing agent's reputation, the
offense is called: ans: defamation
is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions. ans: churning
once an organization has filed an application to conduct insurance business, the office of
insurance regulation will begin its review for issuing a(n): ans: certificate of authority
florida law requires health insurance policies and hmo contracts to provide coverage for all
medically necessary equipment, supplies and services used to treat diabetes when the
patient's physician certifies that they are medically necessary. ans: true
if an insurance company reimburses the insured for medical expenses, can the insured
deduct that amount from their federal income tax? ans: no
