Florida 2-15 Insurance License Exam
2023/2024(Gold Rated)Questions &
Answers(100% Verified Answers)
1). Accumulation units are converted into annuity units:
Ans: 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.
Ans: 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.
Ans: FALSE
4). Robert had an accident and qualified for social security disability. given the waiting period,
when will robert begin to receive benefits?
Ans: After 5 months
5). The insuring clause includes all of the following except the
Ans: beneficiary
6). Mutualization occurs when a stock company turns to a __________ company.
Ans: mutual
7). To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses.
Ans: stop-loss
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, 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?
Ans: 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.
Ans: 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.
Ans: FALSE
11). Which statement is correct about the department of financial services' right to examine an
agent's records?
Ans: 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:
Ans: rebating
13). ____________ term insurance provides a level amount of protection for a specified period,
after which the policy expires.
Ans: Level
14). Business overhead expense (b.o.e.) insurance does not provide benefits to cover the
business owner's salary.
Ans: TRUE
15). Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
Ans: term
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, 16). Hospice services are covered under medicare part a.
Ans: TRUE
17). Under florida law, group health insurers must offer mental and nervous disorder insurance
to policyowners.
Ans: TRUE
18). Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
Ans: $1,000 plus.
19). Every hmo subscriber must receive a benefits package that includes a copy of the hmo
contract and certificate, and:
Ans: a member's handbook.
20). A life insurance policy will not be reinstated if it has been:
Ans: surrendered for its cash value.
21). Which of the following is not a type of permanent life insurance?
Ans: Term Life
22). In florida, a ______________ must sign for and on behalf of a minor purchasing life
insurance.
Ans: parent or legal guardian
23). When an agent spreads a false story that damages a competing agent's reputation, the
offense is called:
Ans: defamation
24). __________ is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions.
PaperStoc.com Page 3 of 18
2023/2024(Gold Rated)Questions &
Answers(100% Verified Answers)
1). Accumulation units are converted into annuity units:
Ans: 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.
Ans: 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.
Ans: FALSE
4). Robert had an accident and qualified for social security disability. given the waiting period,
when will robert begin to receive benefits?
Ans: After 5 months
5). The insuring clause includes all of the following except the
Ans: beneficiary
6). Mutualization occurs when a stock company turns to a __________ company.
Ans: mutual
7). To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses.
Ans: stop-loss
PaperStoc.com Page 1 of 18
, 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?
Ans: 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.
Ans: 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.
Ans: FALSE
11). Which statement is correct about the department of financial services' right to examine an
agent's records?
Ans: 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:
Ans: rebating
13). ____________ term insurance provides a level amount of protection for a specified period,
after which the policy expires.
Ans: Level
14). Business overhead expense (b.o.e.) insurance does not provide benefits to cover the
business owner's salary.
Ans: TRUE
15). Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
Ans: term
PaperStoc.com Page 2 of 18
, 16). Hospice services are covered under medicare part a.
Ans: TRUE
17). Under florida law, group health insurers must offer mental and nervous disorder insurance
to policyowners.
Ans: TRUE
18). Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from:
Ans: $1,000 plus.
19). Every hmo subscriber must receive a benefits package that includes a copy of the hmo
contract and certificate, and:
Ans: a member's handbook.
20). A life insurance policy will not be reinstated if it has been:
Ans: surrendered for its cash value.
21). Which of the following is not a type of permanent life insurance?
Ans: Term Life
22). In florida, a ______________ must sign for and on behalf of a minor purchasing life
insurance.
Ans: parent or legal guardian
23). When an agent spreads a false story that damages a competing agent's reputation, the
offense is called:
Ans: defamation
24). __________ is when policy values of an insurance policy are used to purchase another
policy with the same insurer for the sole purpose of earning additional premiums or
commissions.
PaperStoc.com Page 3 of 18
