Florida 2-15 Insurance License Exam Life, Health, and Variable Annuity Agent State Practice Exam.
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Course
Florida 2-15 Insurance License Life, Health,
Institution
Florida 2-15 Insurance License Life, Health,
Accumulation units are converted into annuity units: - ANS-at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan. - ANS-noncontributory
If a disabled worker covered under Social Security disability benefits re...
Florida 2-15 Insurance License Exam Life, Health, and
Variable Annuity Agent State Practice Exam.
Accumulation units are converted into annuity units: - ANS-at the time of annuity payout.
A group life insurance plan in which the employer pays the entire premium is known as a
________________ plan. - ANS-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. - ANS-FALSE
Robert had an accident and qualified for Social Security disability. Given the waiting period, when will
Robert begin to receive benefits? - ANS-After 5 months
The Insuring Clause includes all of the following EXCEPT the - ANS-beneficiary
Mutualization occurs when a stock company turns to a __________ company. - ANS-mutual
To provide a safeguard for insureds, most major medical policies contain a ____________ feature that
limits the insured's out-of-pocket expenses. - ANS-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
transaction? - ANS-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. - ANS-both the insurer and the insured
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, "ACC" refers to the type of disability that prevents someone from performing the job he was performing
prior to the disability. - ANS-FALSE
Which statement is CORRECT about the Department of Financial Services' right to examine an agent's
records? - ANS-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: - ANS-rebating
____________ term insurance provides a level amount of protection for a specified period, after which
the policy expires. - ANS-Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's
salary. - ANS-TRUE
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance. - ANS-term
Hospice services are covered under Medicare Part A. - ANS-TRUE
Under Florida law, group health insurers must offer mental and nervous disorder insurance to
policyowners. - ANS-TRUE
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: - ANS-a member's handbook.
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