Florida 2-15 Insurance License Exam with Answers 100% Pass
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Florida 2-15 Insurance License
Institution
Florida 2-15 Insurance License
Florida 2-15 Insurance License Exam with Answers 100% Pass
1. Accumulation units are converted into annuity units: at the time of an-
nuity payout.
2. A group life insurance plan in which the em-
ployer pays the entire premium is known as a
plan.
3. If a disabled worker covered under Social S...
Florida 2-15 Insurance License Exam with Answers 100% Pass
1. Accumulation units are converted into annuity units: at the time of an-
nuity payout.
2. A group life insurance plan in which the em- noncontributory
ployer pays the entire premium is known as a
plan.
3. If a disabled worker covered under Social Securi- FALSE
ty disability benefits recovers and then is disabled
again within five years, a new waiting period is re-
quired before benefits begin again.
4. Robert had an accident and qualified for Social Se- After 5 months
curity disability. Given the waiting period, when will
Robert begin to receive benefits?
5. The Insuring Clause includes all of the following EX- beneficiary
CEPT the
6. Mutualization occurs when a stock company turns to mutual
a company.
7. To provide a safeguard for insureds, most major med- stop-loss
ical policies contain a feature that lim-
its the insured's out-of-pocket expenses.
8. Tom is a newly appointed life, health and variable an- Acme Insurance
nuity agent with Acme Insurance Agency. He is writ- Agency
ing his first insurance policy on his brother-in-law's
life. Who does Tom legally represent in this transac-
tion?
9. An insurance clause is a distinct article in a formal both the insurer
document that establishes the rules in the contract and the insured
that must adhere to.
10. "ACC" refers to the type of disability that prevents FALSE
someone from performing the job he was performing
prior to the disability.
, Florida 2-15 Insurance License Exam with Answers 100% Pass
11. Which statement is CORRECT about the Department An examination
of Financial Services' right to examine an agent's can be conducted
records? at any time to dis-
cover any unfair
trade practices.
12. Bill gives Jim a couple of tickets to a Florida Gators rebating
game to thank him for purchasing a policy. This is an
example of:
13. term insurance provides a level Level
amount of protection for a specified period, after
which the policy expires.
14. Business overhead expense (B.O.E.) insurance does TRUE
not provide benefits to cover the business owner's
salary.
15. Level, decreasing, and increasing insurance are all term
basic forms of insurance.
16. Hospice services are covered under Medicare Part A. TRUE
17. Under Florida law, group health insurers must offer TRUE
mental and nervous disorder insurance to policyown-
ers.
18. Deductibles under a group major medical plan usual- $1,000 plus.
ly run from $250 to $500; whereas individual health
plans usually run from:
19. Every HMO subscriber must receive a benefits pack- a member's hand-
age that includes a copy of the HMO contract and book.
certificate, and:
20. A life insurance policy will not be reinstated if it has surrendered for its
been: cash value.
21. Which of the following is NOT a type of permanent life Term Life
insurance?
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