Florida 2-15 Insurance License
ExamQuestions with complete
solutions,.
Accumulation units are converted into annuity units: - Correct answerat the
time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as
a ________________ plan. - Correct answernoncontributory
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. - Correct answerFALSE
Robert had an accident and qualified for Social Security disability. Given the waiting
period, when will Robert begin to receive benefits? - Correct answerAfter 5
months
The Insuring Clause includes all of the following EXCEPT the - Correct
answerbeneficiary
Mutualization occurs when a stock company turns to a __________ company. -
Correct answermutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. - Correct
answerstop-loss
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? - Correct answerAcme Insurance
Agency
, An insurance clause is a distinct article in a formal document that establishes the rules
in the contract that _____________________ must adhere to. - Correct
answerboth the insurer and the insured
"ACC" refers to the type of disability that prevents someone from performing the job he
was performing prior to the disability. - Correct answerFALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - Correct answerAn 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: - Correct answerrebating
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. - Correct answerLevel
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the
business owner's salary. - Correct answerTRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - Correct answerterm
Hospice services are covered under Medicare Part A. - Correct answerTRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - Correct answerTRUE
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from: - Correct answer$1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - Correct answera member's handbook.
A life insurance policy will not be reinstated if it has been: - Correct
answersurrendered for its cash value.
ExamQuestions with complete
solutions,.
Accumulation units are converted into annuity units: - Correct answerat the
time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as
a ________________ plan. - Correct answernoncontributory
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. - Correct answerFALSE
Robert had an accident and qualified for Social Security disability. Given the waiting
period, when will Robert begin to receive benefits? - Correct answerAfter 5
months
The Insuring Clause includes all of the following EXCEPT the - Correct
answerbeneficiary
Mutualization occurs when a stock company turns to a __________ company. -
Correct answermutual
To provide a safeguard for insureds, most major medical policies contain a
____________ feature that limits the insured's out-of-pocket expenses. - Correct
answerstop-loss
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? - Correct answerAcme Insurance
Agency
, An insurance clause is a distinct article in a formal document that establishes the rules
in the contract that _____________________ must adhere to. - Correct
answerboth the insurer and the insured
"ACC" refers to the type of disability that prevents someone from performing the job he
was performing prior to the disability. - Correct answerFALSE
Which statement is CORRECT about the Department of Financial Services' right to
examine an agent's records? - Correct answerAn 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: - Correct answerrebating
____________ term insurance provides a level amount of protection for a specified
period, after which the policy expires. - Correct answerLevel
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the
business owner's salary. - Correct answerTRUE
Level, decreasing, and increasing insurance are all basic forms of ____________
insurance. - Correct answerterm
Hospice services are covered under Medicare Part A. - Correct answerTRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. - Correct answerTRUE
Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from: - Correct answer$1,000 plus.
Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: - Correct answera member's handbook.
A life insurance policy will not be reinstated if it has been: - Correct
answersurrendered for its cash value.
