FLORIDA 2 15 INSURANCE LICENSE COMPLETE
STUDY GUIDE WITH SOLVED QUESTIONS
◉ Employer-paid group life insurance plan:
Answer: noncontributory
◉ Recovery and disability under Social Security:
Answer: FALSE
◉ Social Security disability benefits waiting period:
Answer: After 5 months
◉ Insuring Clause contents:
Answer: beneficiary EXCEPT
◉ Stock company to mutual company:
Answer: mutual
◉ Major medical policy safeguard feature:
Answer: stop-loss
,◉ Legal representation in insurance transaction:
Answer: Acme Insurance Agency
◉ Insurance clause in contract rules:
Answer: insurer and insured
◉ Definition of 'ACC' disability:
Answer: FALSE
◉ Correct Statement about Department of Financial Services'
Examination Right
Answer: Examination can be conducted at any time to discover
unfair trade practices
◉ Rebating Example
Answer: Bill giving Jim tickets to a Florida Gators game
◉ Type of Term Insurance with Level Protection
Answer: Level
◉ Business Overhead Expense (B.O.E.) Insurance Benefit for
Owner's Salary
, Answer: FALSE
◉ Basic Forms of Insurance: Level, Decreasing, Increasing
Answer: Term
◉ Coverage of Hospice Services under Medicare Part A
Answer: TRUE
◉ Requirement for Group Health Insurers in Florida Regarding
Mental and Nervous Disorder Insurance
Answer: TRUE
◉ Comparison of Deductibles: Group Major Medical vs. Individual
Health Plans
Answer: $1,000 plus
◉ Benefits Package Requirement for Every HMO Subscriber
Answer: Copy of HMO contract, certificate, and member's handbook
◉ Condition for Reinstatement of Life Insurance Policy
Answer: Not surrendered for cash value
STUDY GUIDE WITH SOLVED QUESTIONS
◉ Employer-paid group life insurance plan:
Answer: noncontributory
◉ Recovery and disability under Social Security:
Answer: FALSE
◉ Social Security disability benefits waiting period:
Answer: After 5 months
◉ Insuring Clause contents:
Answer: beneficiary EXCEPT
◉ Stock company to mutual company:
Answer: mutual
◉ Major medical policy safeguard feature:
Answer: stop-loss
,◉ Legal representation in insurance transaction:
Answer: Acme Insurance Agency
◉ Insurance clause in contract rules:
Answer: insurer and insured
◉ Definition of 'ACC' disability:
Answer: FALSE
◉ Correct Statement about Department of Financial Services'
Examination Right
Answer: Examination can be conducted at any time to discover
unfair trade practices
◉ Rebating Example
Answer: Bill giving Jim tickets to a Florida Gators game
◉ Type of Term Insurance with Level Protection
Answer: Level
◉ Business Overhead Expense (B.O.E.) Insurance Benefit for
Owner's Salary
, Answer: FALSE
◉ Basic Forms of Insurance: Level, Decreasing, Increasing
Answer: Term
◉ Coverage of Hospice Services under Medicare Part A
Answer: TRUE
◉ Requirement for Group Health Insurers in Florida Regarding
Mental and Nervous Disorder Insurance
Answer: TRUE
◉ Comparison of Deductibles: Group Major Medical vs. Individual
Health Plans
Answer: $1,000 plus
◉ Benefits Package Requirement for Every HMO Subscriber
Answer: Copy of HMO contract, certificate, and member's handbook
◉ Condition for Reinstatement of Life Insurance Policy
Answer: Not surrendered for cash value
