FLORIDA 2-15 INSURANCE LICENSE EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

ACC" refers to the type of disability that prevents someone from performing the job he was performing prior to the disability. - ANSWERSFALSE Which statement is CORRECT about the Department of Financial Services' right to examine an agent's records? - ANSWERSAn 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: - ANSWERSrebating ____________ term insurance provides a level amount of protection for a specified period, after which the policy expires. - ANSWERSLevel Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's salary. - ANSWERSTRUE Level, decreasing, and increasing insurance are all basic forms of ____________ insurance. - ANSWERSterm Hospice services are covered under Medicare Part A. - ANSWERSTRUE Under Florida law, group health insurers must offer mental and nervous disorder insurance to policyowners. - ANSWERSTRUE Deductibles under a group major medical plan usually run from $250 to $500; whereas individual health plans usually run from: - ANSWERS$1,000 plus. Every HMO subscriber must receive a benefits package that includes a copy of the HMO contract and certificate, and: - ANSWERSa member's handbook. A life insurance policy will not be reinstated if it has been: - ANSWERSsurrendered for its cash value. Which of the following is NOT a type of permanent life insurance? - ANSWERSTerm Life In Florida, a ______________ must sign for and on behalf of a minor purchasing life insurance. - ANSWERSparent or legal guardian When an agent spreads a false story that damages a competing agent's reputation, the offense is called: - ANSWERSdefamation __________ 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 commissi