1|Page
FLORIDA 2-15 INSURANCE LICENCE EXAM
QUESTIONS AND CORRECT ANSWERS NEWEST 2025
ACTUAL EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
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
,2|Page
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
, 3|Page
"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
FLORIDA 2-15 INSURANCE LICENCE EXAM
QUESTIONS AND CORRECT ANSWERS NEWEST 2025
ACTUAL EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
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
,2|Page
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
, 3|Page
"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
