100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Florida 2-15 Insurance License Exam| Questions with 100% correct Answers | Verified CA$10.29   Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida 2,15 Insurance License
  4.  
  5. Florida 2,15 Insurance License

Exam (elaborations)

Florida 2-15 Insurance License Exam| Questions with 100% correct Answers | Verified
 101 views  0 purchase
  • Course
  • Florida 2,15 Insurance License
  • Institution
  • Florida 2,15 Insurance License

Accumulation units are converted into annuity units: - at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - noncontributory If a disabled worker covered under Social Security disability benefits recovers a...

[Show more]

Preview 2 out of 14  pages

Document information

  • June 21, 2023
  • 14
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida 2 15 insurance license exam

Written for

  • Florida 2,15 Insurance License
  • Florida 2,15 Insurance License

Seller

avatar-seller
PatrickKaylian

Reviews received

Content preview

Florida 2 -15 Insurance License Exam Accumulation units are converted into annuity units: - ✔✔at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - ✔✔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. - ✔✔FALSE Robert had an accident and qualified for Social Security disability. Given the waiting period, when will Robert begin to receive benefits? - ✔✔After 5 months The Insuring Clause in cludes all of the following EXCEPT the - ✔✔beneficiary Mutualization occurs when a stock company turns to a __________ company. - ✔✔mutual To provide a safeguard for insureds, most major medical policies contain a ____________ feature that limits the ins ured's out -of-pocket expenses. - ✔✔stop -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 transac tion? - ✔✔Acme Insurance Agency An insurance clause is a distinct article in a formal document that establishes the rules in the contract that _____________________ must adhere to. - ✔✔both the insurer and the insured "ACC" refers to the type of disabili ty that prevents someone from performing the job he was performing prior to the disability. - ✔✔FALSE Which statement is CORRECT about the Department of Financial Services' right to examine an agent's records? - ✔✔An examination can be conducted at any ti me 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: - ✔✔rebating ____________ term insurance provides a level amount of protection for a speci fied period, after which the policy expires. - ✔✔Level Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's salary. - ✔✔TRUE Level, decreasing, and increasing insurance are all basic forms of ____________ i nsurance. - ✔✔term Hospice services are covered under Medicare Part A. - ✔✔TRUE Under Florida law, group health insurers must offer mental and nervous disorder insurance to policyowners. - ✔✔TRUE Deductibles under a group major medical plan usually run from $250 to $500; whereas individual health plans usually run from: - ✔✔$1,000 pl us. Every HMO subscriber must receive a benefits package that includes a copy of the HMO contract and certificate, and: - ✔✔a member's handbook. A life insurance policy will not be reinstated if it has been: - ✔✔surrendered for its cash value. Which of the following is NOT a type of permanent life insurance? - ✔✔Term Life In Florida, a ______________ must sign for and on behalf of a minor purchasing life insurance. - ✔✔parent or legal guardian

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$10.29. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85169 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$10.29
  • (0)
  Add to cart