Florida 2-15 Insurance License Exam/ 149
Q&A/ 2024-2025.
"ACC" refers to the type of disability that prevents someone from performing the
job he was performing prior to the disability. - Answer: FALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - Answer: 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: - Answer: rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. - Answer: Level
Page 1 of 20
,Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - Answer: TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - Answer: term
Hospice services are covered under Medicare Part A. - Answer: TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - Answer: TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - Answer: $1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - Answer: a member's handbook.
A life insurance policy will not be reinstated if it has been: - Answer: surrendered
for its cash value.
Which of the following is NOT a type of permanent life insurance? - Answer: Term
Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - Answer: parent or legal guardian
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, When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - Answer: defamation
Accumulation units are converted into annuity units: - Answer: at the time of
annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - Answer: 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. - Answer: FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - Answer: After 5
months
The Insuring Clause includes all of the following EXCEPT the - Answer: beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
Answer: mutual
Page 3 of 20
Q&A/ 2024-2025.
"ACC" refers to the type of disability that prevents someone from performing the
job he was performing prior to the disability. - Answer: FALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - Answer: 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: - Answer: rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. - Answer: Level
Page 1 of 20
,Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - Answer: TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - Answer: term
Hospice services are covered under Medicare Part A. - Answer: TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - Answer: TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - Answer: $1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - Answer: a member's handbook.
A life insurance policy will not be reinstated if it has been: - Answer: surrendered
for its cash value.
Which of the following is NOT a type of permanent life insurance? - Answer: Term
Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - Answer: parent or legal guardian
Page 2 of 20
, When an agent spreads a false story that damages a competing agent's
reputation, the offense is called: - Answer: defamation
Accumulation units are converted into annuity units: - Answer: at the time of
annuity payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - Answer: 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. - Answer: FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - Answer: After 5
months
The Insuring Clause includes all of the following EXCEPT the - Answer: beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
Answer: mutual
Page 3 of 20
