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Florida 2-15 Insurance License Exam/ 149 Q&A/ .
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Florida 2-15 Insurance License Exam/ 149 Q&A/ . Terms like: "ACC" refers to the type of disability that prevents someone from performing the job he was performing prior to the disability. - Answer: FALSE Which statement is CORRECT about the Department of Financial Services' right to examine ...

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  • September 29, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida 2 15 insurance license

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  • Insurance License
  • Insurance License

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docmickey

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Florida 2-15 Insurance License Exam/ 149
Q&A/ 2024-2025.
"ACC" refers to the type of disability that prevents someone from performing the
job he was performing prior to the disability. - Answer: FALSE


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


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



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,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


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


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

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


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


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


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


The Insuring Clause includes all of the following EXCEPT the - Answer: beneficiary


Mutualization occurs when a stock company turns to a __________ company. -
Answer: mutual




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