1|Page
Florida 2-15 Insurance License Exam || Most Recent
Exam Actual Complete Real Verified Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam!!!
Bill gives Jim a couple of tickets to a Florida Gators game
to thank him for purchasing a policy. This is an example of:
- Answer-rebating
____________ term insurance provides a level amount of
protection for a specified period, after which the policy
expires. - Answer-Level
Business overhead expense (B.O.E.) insurance does not
provide benefits to cover the business owner's salary. -
Answer-TRUE
Level, decreasing, and increasing insurance are all basic
forms of ____________ insurance. - Answer-term
Hospice services are covered under Medicare Part A. -
Answer-TRUE
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Under Florida law, group health insurers must offer mental
and nervous disorder insurance to policyowners. - Answer-
TRUE
Deductibles under a group major medical plan usually run
from $250 to $500; whereas individual health plans usually
run from: - Answer-$1,000 plus.
Every HMO subscriber must receive a benefits package
that includes a copy of the HMO contract and certificate,
and: - Answer-a member's handbook.
A life insurance policy will not be reinstated if it has been: -
Answer-surrendered for its cash value.
Which of the following is NOT a type of permanent life
insurance? - Answer-Term Life
Accumulation units are converted into annuity units: -
Answer-at the time of annuity payout.
A group life insurance plan in which the employer pays the
entire premium is known as a ________________ plan. -
Answer-noncontributory
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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. - Answer-FALSE
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
Answer-Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - Answer-adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - Answer-Benefits have no
maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of
age provision in regard to the payment of the death claim?
- Answer-The proceeds would be reduced based on
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whatever the premium would have been if purchased at
age 59.
All of these are considered sources of underwriting
information about an applicant, EXCEPT: - Answer-
Inspection Report
According to the Mandatory Uniform Policy Provisions,
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid? - Answer-31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - Answer-Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - Answer-A portion of the
premium
Which statement regarding third-party ownership of a life
insurance policy is true? - Answer-It is used extensively in
estate planning as well as business circumstances.
Florida 2-15 Insurance License Exam || Most Recent
Exam Actual Complete Real Verified Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam!!!
Bill gives Jim a couple of tickets to a Florida Gators game
to thank him for purchasing a policy. This is an example of:
- Answer-rebating
____________ term insurance provides a level amount of
protection for a specified period, after which the policy
expires. - Answer-Level
Business overhead expense (B.O.E.) insurance does not
provide benefits to cover the business owner's salary. -
Answer-TRUE
Level, decreasing, and increasing insurance are all basic
forms of ____________ insurance. - Answer-term
Hospice services are covered under Medicare Part A. -
Answer-TRUE
,2|Page
Under Florida law, group health insurers must offer mental
and nervous disorder insurance to policyowners. - Answer-
TRUE
Deductibles under a group major medical plan usually run
from $250 to $500; whereas individual health plans usually
run from: - Answer-$1,000 plus.
Every HMO subscriber must receive a benefits package
that includes a copy of the HMO contract and certificate,
and: - Answer-a member's handbook.
A life insurance policy will not be reinstated if it has been: -
Answer-surrendered for its cash value.
Which of the following is NOT a type of permanent life
insurance? - Answer-Term Life
Accumulation units are converted into annuity units: -
Answer-at the time of annuity payout.
A group life insurance plan in which the employer pays the
entire premium is known as a ________________ plan. -
Answer-noncontributory
,3|Page
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. - Answer-FALSE
N is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N
dies September 15. What action will the insurer take? -
Answer-Claim will be denied.
A contract where one party either accepts or rejects the
terms of a contract written by another party is called a
contract of - Answer-adhesion
All of the following statements about Major Medical
benefits are true, EXCEPT: - Answer-Benefits have no
maximum limit
W gave W's age as 50 when W purchased a Life policy. At
the time of W's death seven years later, the company
discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of
age provision in regard to the payment of the death claim?
- Answer-The proceeds would be reduced based on
, 4|Page
whatever the premium would have been if purchased at
age 59.
All of these are considered sources of underwriting
information about an applicant, EXCEPT: - Answer-
Inspection Report
According to the Mandatory Uniform Policy Provisions,
what is the maximum amount of time after the premium
due date during which the policy remains in force even
though the premium has not been paid? - Answer-31 days
Which provision allows the policy owner to change a term
life policy to a permanent one without providing proof of
good health? - Answer-Conversion
What do families pay that are covered by the Florida
Healthy Kids Corporation? - Answer-A portion of the
premium
Which statement regarding third-party ownership of a life
insurance policy is true? - Answer-It is used extensively in
estate planning as well as business circumstances.
