Florida 2-15 Insurance License Exam 100% verified Pass

FLORIDA 2-15 INSURANCE LICENSE EXAM / f f f f f




f COMPREHENSIVE STUDY GUIDE COMPLETE f f f




f QUESTIONS AND CORRECT DETAILED ANSWERS f f f f




1. Accumulation units are converted into annuity units ff ff ff ff ff ff




…ANSWER>>>at the time of annuity payout. f ff ff ff ff ff




2. A group life insurance plan in which the employer pays the entire premium is known as a
ff ff ff ff ff ff ff ff ff ff ff ff ff ff ff ff ff plan
f…ANSWER>>> noncontributory f




3. If a disabled worker covered under Social Security disability benefits re- covers and then is
ff ff ff ff ff ff ff ff ff ff ff ff ff ff




ff disabled again within five years,a new waiting period is required before benefits begin again
ff ff ff ff f ff ff ff ff ff ff ff ff ff




…ANSWER>>> false ffF




4. RoberthadanaccidentandqualifiedforSocialSecuritydisability.Giventhe waiting period, when will
f f f f f f f f f f f ff ff ff ff




ff Robert begin to receive benefits?
ff ff ff ff




f …ANSWER>>> After 5 months f ff ff




5. The Insuring Clause includes all of the following EXCEPT the
ff ff ff ff ff ff ff ff ff




…ANSWER>>> beneficiary ff




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,6. Mutualization occurs when a stock company turns to a ff ff ff ff ff ff ff ff ff compa-
ff ny
…ANSWER>>> mutual fff




7. To provide a safeguard for insureds,most major medical policies contain a
ff ff ff ff ff f ff ff ff ff ff ff feature that ff




ff limits the insured's out-of-pocket expenses
ff ff ff ff




…ANSWER>>> stop-loss fff




8. Tom is a newly appointed life, health and variable annuity agent with Acme Insurance Agency.He is
ff ff ff ff ff ff ff ff ff ff ff ff ff ff f ff




writing his first insurance policy on his broth- er-in-law's life.Who doesTom legally represent in this
ff ff ff ff ff ff ff ff ff ff f ff f ff ff ff ff




ff transaction?
f …ANSWER>>> Acme Insurance Agency fff ff ff




9. An insurance clause is a distinct article in a formal document that establish- es the rules in the contract
f f f f f f f f f f f f ff ff ff ff ff ff




ff that ff mustadhereto f f




…ANSWER>>>both the insurer and the insured f ff ff ff ff ff




10. "ACC" refers to the type of disability that prevents someone from perform-
f f f f f f f f f f f ing the job he was
ff ff ff ff ff




ff performing prior to the disability ff ff ff ff




…ANSWER>>> FALSE f




11. WhichstatementisCORRECTabouttheDepartmentofFinancialServices' right to examine an agent's
f f f f f f f f f ff ff ff ff ff




ff records?
f …ANSWER>>> An examination can be conducted at any time to discover any unfair trade practices.
fff ff ff ff ff ff ff ff ff ff ff ff ff ff




12. Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy.This is
ff ff ff ff ff ff ff ff ff ff ff f ff ff ff ff ff ff f ff




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, ff an example of
ff ff




…ANSWER>>> rebating fff




13. term insurance provides a level amount of protection for a specified period,
ff ff ff ff ff ff ff ff ff ff ff




ff after which the policy expires
ff ff ff ff




…ANSWER>>> Level fff




14. Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business
ff ff ff ff ff ff ff ff ff ff ff ff




ff owner's salary ff




…ANSWER>>> TRUE fff




15. Level, decreasing, and increasing insurance are all basic forms of
f f ff ff ff ff ff ff ff




Insurance
…ANSWER>>> term fff




16. Hospice services are covered under Medicare Part A
ff ff ff ff ff ff ff




…ANSWER>>>TRUE
ff f




17. Under Florida law,group health insurers must offer mental and nervous disorder insurance to
ff ff f ff ff ff ff ff ff ff ff ff ff




ff policyowners
…ANSWER>>> TRUE fff




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