FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
Which of the following constitutes an insurable interest
A. The policyowner must expect to benefit from the insured's death
B. The policyowner must expect to suffer a loss when the insured dies or becomes
disabled
C. the beneficiary, by definition, has an insurable interest in the insured
D. the insured must have a personal or business relationship with the beneficiary -
ANSWER-the policyowner must expect to suffer a loss when the insured dies or
becomes disabled
Which of the following statements describes the parol evidence rule
A. A written contract cannot be change once it is signed
B. An oral contract cannot be modified by written evidence
C. A written contract cannot be changed by oral evidence
D. An oral contract takes precedence over any earlier written contracts -
ANSWER-A written contract cannot be changed by oral evidence
Which of the following factors determines whether policy dividends will be paid
on a participating policy
A. Reserves and experience
,FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
B. Expenses and claims cost
C. Interest and benefits
D. Premiums and renewability - ANSWER-expenses and claims cost
A licensed agent legally represents
A. the insurer
B. the applicant/insured
C. the state insurance department
D. himself or herself - ANSWER-the insurer
All of the following statements regarding policy replacement are correct EXCEPT
A. replacement involves convincing a policyholder to lapse or terminate an
existing policy and to purchase another
B. interrupting one cash value insurance plan to begin another could cause
serious financial problems for the policyowner
C. even if the customer wants to replace his or her existing policy, an agent can
effect the policy replacement regulations in the agent's state
D. premiums for replacement policies are generally lower than premiums for the
existing policies they replace - ANSWER-premiums for replacement policies are
generally lower than premiums for the existing policies they replace
With regard to insurable risks, which of the following statements is NOT correct
,FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
A. only pure risks are insurable
B. an insurable risk must involve loss that is within the insured's control
C. Insurers will not insure risks that are catastrophic in nature
D. an insurable risk must be measurable - ANSWER-an insurable risk must involve
loss that is within the insured's control
On August 9, Albert made an application for life insurance that his agent
submitted a day later without a premium payment. On August 21, the insurer
issued the policy as applied for and on August 24, the agent delivered the policy
and collected the initial premium. On what day was the contract offer made?
A. August 9
B. August 10
C. August 21
D. August 24 - ANSWER-August 21
All statements made by an applicant in an application for life insurance are
considered to be
A. warranties
B. affirmations
C. representations
D. declarations - ANSWER-representations
, FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
Which of the following legal terms indicates that life insurance contract contains
the enforceable promise of only one party?
A. Adhesion
B. Unilateral
C. Conditional
D. Aleatory - ANSWER-Unilateral
Which of the following types of agent authority is specifically set
forth in writing in the agent's contract?
A. Express
B. Implied
C. Apparent
D. Personal - ANSWER-Express
Assume a home catches fire after it is struck by lightning and the fire destroys its
structure and contents. By insurance definition, the fire is
A. the risk
B. the hazard
C. the peril
D. the proximate cause - ANSWER-the peril
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
Which of the following constitutes an insurable interest
A. The policyowner must expect to benefit from the insured's death
B. The policyowner must expect to suffer a loss when the insured dies or becomes
disabled
C. the beneficiary, by definition, has an insurable interest in the insured
D. the insured must have a personal or business relationship with the beneficiary -
ANSWER-the policyowner must expect to suffer a loss when the insured dies or
becomes disabled
Which of the following statements describes the parol evidence rule
A. A written contract cannot be change once it is signed
B. An oral contract cannot be modified by written evidence
C. A written contract cannot be changed by oral evidence
D. An oral contract takes precedence over any earlier written contracts -
ANSWER-A written contract cannot be changed by oral evidence
Which of the following factors determines whether policy dividends will be paid
on a participating policy
A. Reserves and experience
,FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
B. Expenses and claims cost
C. Interest and benefits
D. Premiums and renewability - ANSWER-expenses and claims cost
A licensed agent legally represents
A. the insurer
B. the applicant/insured
C. the state insurance department
D. himself or herself - ANSWER-the insurer
All of the following statements regarding policy replacement are correct EXCEPT
A. replacement involves convincing a policyholder to lapse or terminate an
existing policy and to purchase another
B. interrupting one cash value insurance plan to begin another could cause
serious financial problems for the policyowner
C. even if the customer wants to replace his or her existing policy, an agent can
effect the policy replacement regulations in the agent's state
D. premiums for replacement policies are generally lower than premiums for the
existing policies they replace - ANSWER-premiums for replacement policies are
generally lower than premiums for the existing policies they replace
With regard to insurable risks, which of the following statements is NOT correct
,FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
A. only pure risks are insurable
B. an insurable risk must involve loss that is within the insured's control
C. Insurers will not insure risks that are catastrophic in nature
D. an insurable risk must be measurable - ANSWER-an insurable risk must involve
loss that is within the insured's control
On August 9, Albert made an application for life insurance that his agent
submitted a day later without a premium payment. On August 21, the insurer
issued the policy as applied for and on August 24, the agent delivered the policy
and collected the initial premium. On what day was the contract offer made?
A. August 9
B. August 10
C. August 21
D. August 24 - ANSWER-August 21
All statements made by an applicant in an application for life insurance are
considered to be
A. warranties
B. affirmations
C. representations
D. declarations - ANSWER-representations
, FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST 2023-
2024 ACTUAL EXAM 600 QUESTIONS AND CORRECT
ANSWERS |AGRADE|NEW!!
Which of the following legal terms indicates that life insurance contract contains
the enforceable promise of only one party?
A. Adhesion
B. Unilateral
C. Conditional
D. Aleatory - ANSWER-Unilateral
Which of the following types of agent authority is specifically set
forth in writing in the agent's contract?
A. Express
B. Implied
C. Apparent
D. Personal - ANSWER-Express
Assume a home catches fire after it is struck by lightning and the fire destroys its
structure and contents. By insurance definition, the fire is
A. the risk
B. the hazard
C. the peril
D. the proximate cause - ANSWER-the peril
