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Florida 2-15 Insurance License Exam questions and answers already graded A+ 2024/2025 $12.99
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Exam (elaborations)

Florida 2-15 Insurance License Exam questions and answers already graded A+ 2024/2025
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Florida 2-15 Insurance License Exam questions and answers already graded A+ 2024/2025

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  • June 2, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida life and health insurance
  • accumulation units are converted into annuity unit
  • mutualization occurs when a stock company turns to
  • which statement is correct about the department of

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  • FLORIDA LIFE AND HEALTH INSURANCE
  • FLORIDA LIFE AND HEALTH INSURANCE

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Florida 2-15 Insurance License Exam

Accumulation units are converted into annuity units: - ANSat the time of annuity payout.

A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan. - ANSnoncontributory

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. -
ANSFALSE

Robert had an accident and qualified for Social Security disability. Given the waiting period,
when will Robert begin to receive benefits? - ANSAfter 5 months

The Insuring Clause includes all of the following EXCEPT the - ANSbeneficiary

Mutualization occurs when a stock company turns to a __________ company. - ANSmutual

To provide a safeguard for insureds, most major medical policies contain a ____________
feature that limits the insured's out-of-pocket expenses. - ANSstop-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? - ANSAcme Insurance Agency

An insurance clause is a distinct article in a formal document that establishes the rules in the
contract that _____________________ must adhere to. - ANSboth 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. - ANSFALSE

Which statement is CORRECT about the Department of Financial Services' right to examine an
agent's records? - ANSAn 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: - ANSrebating

____________ term insurance provides a level amount of protection for a specified period, after
which the policy expires. - ANSLevel

, Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business
owner's salary. - ANSTRUE

Level, decreasing, and increasing insurance are all basic forms of ____________ insurance. -
ANSterm

Hospice services are covered under Medicare Part A. - ANSTRUE

Under Florida law, group health insurers must offer mental and nervous disorder insurance to
policyowners. - ANSTRUE

Deductibles under a group major medical plan usually run from $250 to $500; whereas
individual health plans usually run from: - ANS$1,000 plus.

Every HMO subscriber must receive a benefits package that includes a copy of the HMO
contract and certificate, and: - ANSa member's handbook.

A life insurance policy will not be reinstated if it has been: - ANSsurrendered for its cash value.

Which of the following is NOT a type of permanent life insurance? - ANSTerm Life

In Florida, a ______________ must sign for and on behalf of a minor purchasing life insurance.
- ANSparent or legal guardian

When an agent spreads a false story that damages a competing agent's reputation, the offense
is called: - ANSdefamation

__________ 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. -
ANSChurning

Once an organization has filed an application to conduct insurance business, the Office of
Insurance Regulation will begin its review for issuing a(n): - ANSCertificate of Authority

Florida law requires health insurance policies and HMO contracts to provide coverage for all
medically necessary equipment, supplies and services used to treat diabetes when the patient's
physician certifies that they are medically necessary. - ANSTRUE

If an insurance company reimburses the insured for medical expenses, can the insured deduct
that amount from their federal income tax? - ANSNO

Which of the following is NOT a benefit to key person insurance? - ANSWage control

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