FLORIDA 2-15 INSURANCE
LICENSE EXAM QUESTIONS
K
C
AND CORRECT VERIFIED
LO
ANSWERS 100% GUARANTEED
PASS A+ GRADED
YC
D
U
ST
, 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
K
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
C
The Insuring Clause includes all of the following EXCEPT the - ANS beneficiary
Mutualization occurs when a stock company turns to a __________ company. - ANS mutual
LO
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.
YC
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
D
"ACC" refers to the type of disability that prevents someone from performing the job he was
performing prior to the disability. - ANS FALSE
U
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
ST
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
LICENSE EXAM QUESTIONS
K
C
AND CORRECT VERIFIED
LO
ANSWERS 100% GUARANTEED
PASS A+ GRADED
YC
D
U
ST
, 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
K
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
C
The Insuring Clause includes all of the following EXCEPT the - ANS beneficiary
Mutualization occurs when a stock company turns to a __________ company. - ANS mutual
LO
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.
YC
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
D
"ACC" refers to the type of disability that prevents someone from performing the job he was
performing prior to the disability. - ANS FALSE
U
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
ST
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
