Florida 2-15 Insurance License Exam 2024/2025
|Comprehensive Questions And Verified Answers With
Rationales|GET IT 100% CORRECT |ALREADY
GRADED A+
Accumulation units are converted into annuity units: - at the time of annuity
payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - 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. - FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - After 5 months
The Insuring Clause includes all of the following EXCEPT the - beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
mutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. - 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? - 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. - 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. - FALSE
, Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - 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: - rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. - Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - term
Hospice services are covered under Medicare Part A. - TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - $1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - a member's handbook.
A life insurance policy will not be reinstated if it has been: - surrendered for its
cash value.
Which of the following is NOT a type of permanent life insurance? - Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - parent or legal guardian
|Comprehensive Questions And Verified Answers With
Rationales|GET IT 100% CORRECT |ALREADY
GRADED A+
Accumulation units are converted into annuity units: - at the time of annuity
payout.
A group life insurance plan in which the employer pays the entire premium is
known as a ________________ plan. - 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. - FALSE
Robert had an accident and qualified for Social Security disability. Given the
waiting period, when will Robert begin to receive benefits? - After 5 months
The Insuring Clause includes all of the following EXCEPT the - beneficiary
Mutualization occurs when a stock company turns to a __________ company. -
mutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. - 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? - 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. - 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. - FALSE
, Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - 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: - rebating
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. - Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover
the business owner's salary. - TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - term
Hospice services are covered under Medicare Part A. - TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: - $1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - a member's handbook.
A life insurance policy will not be reinstated if it has been: - surrendered for its
cash value.
Which of the following is NOT a type of permanent life insurance? - Term Life
In Florida, a ______________ must sign for and on behalf of a minor purchasing
life insurance. - parent or legal guardian
