lorida-2-15-insurance-license-exam-latest-updated-150-questions-and-correct-answers-graded-a.pdf

payout. 2. A group life insurance plan in which the employer pays the entire premium is known as a plan.: noncontributory 3. If a disabled worker covered under Social Security disability benefits re￾covers and then is disabled again within five years, a new waiting period is required before benefits begin again.: FALSE 4. Robert had an accident and qualified for Social Security disability. Given the waiting period, when will Robert begin to receive benefits?: After 5 months 5. The Insuring Clause includes all of the following EXCEPT the: beneficiary 6. Mutualization occurs when a stock company turns to a compa￾ny.: mutual 7. To provide a safeguard for insureds, most major medical policies contain a feature that limits the insured's out-of-pocket expenses.: - stop-loss 8. Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency. He is writing his first insurance policy on his broth￾er-in-law's life. Who does Tom legally represent in this transaction?: Acme Insurance Agency 9. An insurance clause is a distinct article in a formal document that establish￾es the rules in the contract that must adhere to.: both the insurer and the insured 10. "ACC" refers to the type of disability that prevents someone from perform￾ing the job he was performing prior to the disability.: FALSE 11. 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. 12. Bill gives Jim a couple of tickets to a Florida Gators game to t