Florida 2-15 Insurance License ACTUAL EXAM (2025)
QUESTIONS AND (elaborated) WITH COMPLETE
SOLUTIONS
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
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
,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
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
"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
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
QUESTIONS AND (elaborated) WITH COMPLETE
SOLUTIONS
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
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
,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
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
"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
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
