Florida 2-15 Insurance License
Exam / Test Review Questions &
Certified Solutions / 100% Correct /
Already Graded, A+
Quiz____?
Accumulation units are converted into annuity units: -
Answer✓✓
at the time of annuity payout.
Quiz____?
A group life insurance plan in which the employer pays the entire premium
is known as a ________________ plan. -
Answer✓✓
noncontributory
Quiz____?
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
Quiz____?
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
Page 1 of 30
,Quiz____?
The Insuring Clause includes all of the following EXCEPT the -
Answer✓✓
beneficiary
Quiz____?
Mutualization occurs when a stock company turns to a __________
company. -
Answer✓✓
mutual
Quiz____?
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. -
Answer✓✓
stop-loss
Quiz____?
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? -
Answer✓✓
Acme Insurance Agency
Quiz____?
An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to. -
Answer✓✓
both the insurer and the insured
Page 2 of 30
, Quiz____?
"ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. -
Answer✓✓
FALSE
Quiz____?
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.
Quiz____?
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
Quiz____?
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. -
Answer✓✓
Level
Quiz____?
Business overhead expense (B.O.E.) insurance does not provide benefits
to cover the business owner's salary. -
Answer✓✓
TRUE
Page 3 of 30
Exam / Test Review Questions &
Certified Solutions / 100% Correct /
Already Graded, A+
Quiz____?
Accumulation units are converted into annuity units: -
Answer✓✓
at the time of annuity payout.
Quiz____?
A group life insurance plan in which the employer pays the entire premium
is known as a ________________ plan. -
Answer✓✓
noncontributory
Quiz____?
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
Quiz____?
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
Page 1 of 30
,Quiz____?
The Insuring Clause includes all of the following EXCEPT the -
Answer✓✓
beneficiary
Quiz____?
Mutualization occurs when a stock company turns to a __________
company. -
Answer✓✓
mutual
Quiz____?
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. -
Answer✓✓
stop-loss
Quiz____?
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? -
Answer✓✓
Acme Insurance Agency
Quiz____?
An insurance clause is a distinct article in a formal document that
establishes the rules in the contract that _____________________ must
adhere to. -
Answer✓✓
both the insurer and the insured
Page 2 of 30
, Quiz____?
"ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. -
Answer✓✓
FALSE
Quiz____?
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.
Quiz____?
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
Quiz____?
____________ term insurance provides a level amount of protection for a
specified period, after which the policy expires. -
Answer✓✓
Level
Quiz____?
Business overhead expense (B.O.E.) insurance does not provide benefits
to cover the business owner's salary. -
Answer✓✓
TRUE
Page 3 of 30
