1
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Florida 2-15 Insurance License ACTUAL
EXAM (2025) QUESTIONS AND
(elaborated) WITH COMPLETE SOLUTIONS
Questions and Answers (100% Correct
Answers) Already Graded A+
Accumulation units are converted into annuity units: [ANS:] at the
time of annuity payout.
© 2025 Assignment Expert
A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. [ANS:]
noncontributory
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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
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
The Insuring Clause includes all of the following EXCEPT the [ANS:]
beneficiary
Mutualization occurs when a stock company turns to a __________
company. [ANS:] mutual
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
, 2
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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? [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
"ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. [ANS:]
© 2025 Assignment Expert
FALSE
Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records? [ANS:] An
Guru01 - Stuvia
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: [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
Level, decreasing, and increasing insurance are all basic forms of
____________ insurance. [ANS:] term
Hospice services are covered under Medicare Part A. [ANS:] TRUE
Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners. [ANS:] TRUE
, 3
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Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
[ANS:] $1,000 plus.
Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and: [ANS:]
a member's handbook.
A life insurance policy will not be reinstated if it has been: [ANS:]
surrendered for its cash value.
© 2025 Assignment Expert
Which of the following is NOT a type of permanent life insurance?
[ANS:] Term Life
In Florida, a ______________ must sign for and on behalf of a minor
Guru01 - Stuvia
purchasing life insurance. [ANS:] parent or legal guardian
When an agent spreads a false story that damages a competing
agent's reputation, the offense is called: [ANS:] defamation
__________ is when policy values of an insurance policy are used to
purchase another policy with the same insurer for the sole purpose
of earning additional premiums or commissions. [ANS:] Churning
Once an organization has filed an application to conduct
insurance business, the Office of Insurance Regulation will begin its
review for issuing a(n): [ANS:] Certificate of Authority
Florida law requires health insurance policies and HMO contracts
to provide coverage for all medically necessary equipment,
supplies and services used to treat diabetes when the patient's
physician certifies that they are medically necessary. [ANS:] TRUE
For Expert help and assignment solutions, +254707240657
Florida 2-15 Insurance License ACTUAL
EXAM (2025) QUESTIONS AND
(elaborated) WITH COMPLETE SOLUTIONS
Questions and Answers (100% Correct
Answers) Already Graded A+
Accumulation units are converted into annuity units: [ANS:] at the
time of annuity payout.
© 2025 Assignment Expert
A group life insurance plan in which the employer pays the entire
premium is known as a ________________ plan. [ANS:]
noncontributory
Guru01 - Stuvia
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
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
The Insuring Clause includes all of the following EXCEPT the [ANS:]
beneficiary
Mutualization occurs when a stock company turns to a __________
company. [ANS:] mutual
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
, 2
For Expert help and assignment solutions, +254707240657
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? [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
"ACC" refers to the type of disability that prevents someone from
performing the job he was performing prior to the disability. [ANS:]
© 2025 Assignment Expert
FALSE
Which statement is CORRECT about the Department of Financial
Services' right to examine an agent's records? [ANS:] An
Guru01 - Stuvia
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: [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
Level, decreasing, and increasing insurance are all basic forms of
____________ insurance. [ANS:] term
Hospice services are covered under Medicare Part A. [ANS:] TRUE
Under Florida law, group health insurers must offer mental and
nervous disorder insurance to policyowners. [ANS:] TRUE
, 3
For Expert help and assignment solutions, +254707240657
Deductibles under a group major medical plan usually run from
$250 to $500; whereas individual health plans usually run from:
[ANS:] $1,000 plus.
Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and: [ANS:]
a member's handbook.
A life insurance policy will not be reinstated if it has been: [ANS:]
surrendered for its cash value.
© 2025 Assignment Expert
Which of the following is NOT a type of permanent life insurance?
[ANS:] Term Life
In Florida, a ______________ must sign for and on behalf of a minor
Guru01 - Stuvia
purchasing life insurance. [ANS:] parent or legal guardian
When an agent spreads a false story that damages a competing
agent's reputation, the offense is called: [ANS:] defamation
__________ is when policy values of an insurance policy are used to
purchase another policy with the same insurer for the sole purpose
of earning additional premiums or commissions. [ANS:] Churning
Once an organization has filed an application to conduct
insurance business, the Office of Insurance Regulation will begin its
review for issuing a(n): [ANS:] Certificate of Authority
Florida law requires health insurance policies and HMO contracts
to provide coverage for all medically necessary equipment,
supplies and services used to treat diabetes when the patient's
physician certifies that they are medically necessary. [ANS:] TRUE
