FLORIDA 2-20 AGENTS LICENSE EXAM NEWEST
VERSION REAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS|AGRADE||BRAND NEW
VERSION!! 2025/2026
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
Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. - Answer-
FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - Answer-Gender
Lauren wants to purchase an annuity that will pay her a guaranteed income for
the remainder of her life once she retires. Which type of annuity should she
purchase? - Answer-Straight Life Income Annuity
According to Florida's Standard Valuation Law, the __________________ is
mandatory. - Answer-legal reserve
Equity indexed annuities are a form of: - Answer-fixed rate annuity.
Of the following, who would most likely pay a lower premium amount? - Answer-A
preferred risk client
VERSION REAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS|AGRADE||BRAND NEW
VERSION!! 2025/2026
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
Group health plans that are issued on an experience-rated basis can make both
premium reductions and premium increases retroactive for 12 months. - Answer-
FALSE
Employees may be classified for group life insurance in all of the following
categories EXCEPT which? - Answer-Gender
Lauren wants to purchase an annuity that will pay her a guaranteed income for
the remainder of her life once she retires. Which type of annuity should she
purchase? - Answer-Straight Life Income Annuity
According to Florida's Standard Valuation Law, the __________________ is
mandatory. - Answer-legal reserve
Equity indexed annuities are a form of: - Answer-fixed rate annuity.
Of the following, who would most likely pay a lower premium amount? - Answer-A
preferred risk client
