Florida 2-15 Insurance License Exam ?? Verified questions
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 1 of 28 ?? Verified questions & answers with solution
Florida 2-15 Insurance License Exam
at the time of annuity payout.
Accumulation units are converted into annuity units:
noncontributory
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan.
FALSE
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.
After 5 months
Robert had an accident and qualified for Social Security disability. Given the waiting period, when will
Robert begin to receive benefits?
beneficiary
The Insuring Clause includes all of the following EXCEPT the
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
,Florida 2-15 Insurance License Exam ?? Verified questions
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 2 of 28 ?? Verified questions & answers with solution
mutual
Mutualization occurs when a stock company turns to a __________ company.
stop-loss
To provide a safeguard for insureds, most major medical policies contain a ____________ feature that
limits the insured's out-of-pocket expenses.
Acme Insurance Agency
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?
both the insurer and the insured
An insurance clause is a distinct article in a formal document that establishes the rules in the contract
that _____________________ must adhere to.
FALSE
"ACC" refers to the type of disability that prevents someone from performing the job he was performing
prior to the disability.
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
, Florida 2-15 Insurance License Exam ?? Verified questions
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 3 of 28 ?? Verified questions & answers with solution
An examination can be conducted at any time to discover any unfair trade practices.
Which statement is CORRECT about the Department of Financial Services' right to examine an agent's
records?
rebating
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy. This is an
example of:
Level
____________ term insurance provides a level amount of protection for a specified period, after which
the policy expires.
TRUE
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's
salary.
term
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 1 of 28 ?? Verified questions & answers with solution
Florida 2-15 Insurance License Exam
at the time of annuity payout.
Accumulation units are converted into annuity units:
noncontributory
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan.
FALSE
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.
After 5 months
Robert had an accident and qualified for Social Security disability. Given the waiting period, when will
Robert begin to receive benefits?
beneficiary
The Insuring Clause includes all of the following EXCEPT the
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
,Florida 2-15 Insurance License Exam ?? Verified questions
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 2 of 28 ?? Verified questions & answers with solution
mutual
Mutualization occurs when a stock company turns to a __________ company.
stop-loss
To provide a safeguard for insureds, most major medical policies contain a ____________ feature that
limits the insured's out-of-pocket expenses.
Acme Insurance Agency
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?
both the insurer and the insured
An insurance clause is a distinct article in a formal document that establishes the rules in the contract
that _____________________ must adhere to.
FALSE
"ACC" refers to the type of disability that prevents someone from performing the job he was performing
prior to the disability.
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
, Florida 2-15 Insurance License Exam ?? Verified questions
Florida 2-15
& answers
Insurance
withLicense
solution.
Exam.pdf
Page 3 of 28 ?? Verified questions & answers with solution
An examination can be conducted at any time to discover any unfair trade practices.
Which statement is CORRECT about the Department of Financial Services' right to examine an agent's
records?
rebating
Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy. This is an
example of:
Level
____________ term insurance provides a level amount of protection for a specified period, after which
the policy expires.
TRUE
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's
salary.
term
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam ?? Verified questions & answers with solution
