FLORIDA 2-15 INSURANCE LICENSE EXAM
Questions and Answers
1. Accumulation units are converted into annuity units:: at the time of
annuity 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 recovers 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. Mutualizati
on occurs when a stock company turns to a company.-
: 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 brother-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 establishes 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 performing 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
, thank him for purchasing a policy. This is an example of:: rebating
13. term insurance provides a level amount of protection
for a spec- ified period, after which the policy expires.: Level
14. Business overhead expense (B.O.E.) insurance does not
provide benefits to cover the business owner's salary.: TRUE
15. L
evel, decreasing, and increasing insurance are all basic forms of
insurance.: term
16. Hospice services are covered under Medicare Part A.: TRUE
17. Under Florida law, group health insurers must offer mental
and nervous disorder insurance to policyowners.: TRUE
18. Deductibles under a group major medical plan usually run from
$250 to
$500; whereas individual health plans usually run from:: $1,000 plus.
19. Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:: a member's
handbook.
Questions and Answers
1. Accumulation units are converted into annuity units:: at the time of
annuity 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 recovers 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. Mutualizati
on occurs when a stock company turns to a company.-
: 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 brother-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 establishes 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 performing 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
, thank him for purchasing a policy. This is an example of:: rebating
13. term insurance provides a level amount of protection
for a spec- ified period, after which the policy expires.: Level
14. Business overhead expense (B.O.E.) insurance does not
provide benefits to cover the business owner's salary.: TRUE
15. L
evel, decreasing, and increasing insurance are all basic forms of
insurance.: term
16. Hospice services are covered under Medicare Part A.: TRUE
17. Under Florida law, group health insurers must offer mental
and nervous disorder insurance to policyowners.: TRUE
18. Deductibles under a group major medical plan usually run from
$250 to
$500; whereas individual health plans usually run from:: $1,000 plus.
19. Every HMO subscriber must receive a benefits package that
includes a copy of the HMO contract and certificate, and:: a member's
handbook.
