Florida 2-15 Insurance License Exam |150 Questions and Answers 2023\/2024<\/p>\n\n\n\n
Florida 2-15 Insurance License Exam Florida 2-15 Insurance License Exam
1
Florida 2-15 Insurance License Exam
|150 Questions and Answers 2023\/2024
An insurance clause is a distinct article in a formal document that establishes the
rules in the contract that _________<\/em><\/strong><\/em><\/strong> must adhere to. (Correct Ans: – both
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. (Correct Ans: – FALSE
Which statement is CORRECT about the Department of Financial Services’ right to
examine an agent’s records? (Correct 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: (Correct Ans: – rebating
_<\/em><\/strong><\/em><\/strong> term insurance provides a level amount of protection for a specified
period, after which the policy expires. (Correct Ans: – Level
Business overhead expense (B.O.E.) insurance does not provide benefits to cover the
business owner’s salary. (Correct Ans: – TRUE
Level, decreasing, and increasing insurance are all basic forms of _<\/strong><\/em><\/strong><\/em>
insurance. (Correct Ans: – term
Hospice services are covered under Medicare Part A. (Correct Ans: – TRUE
Under Florida law, group health insurers must offer mental and nervous disorder
insurance to policyowners. (Correct Ans: – TRUE
Deductibles under a group major medical plan usually run from $250 to $500;
whereas individual health plans usually run from: (Correct Ans: – $1,000 plus.<\/p>\n\n\n\n
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Every HMO subscriber must receive a benefits package that includes a copy of the
HMO contract and certificate, and: (Correct Ans: – a member’s handbook.
A life insurance policy will not be reinstated if it has been: (Correct Ans: –
surrendered for its cash value.
Which of the following is NOT a type of permanent life insurance? (Correct Ans: –
Term Life
In Florida, a __<\/em><\/strong><\/em><\/strong> must sign for and on behalf of a minor purchasing life
insurance. (Correct Ans: – parent or legal guardian
When an agent spreads a false story that damages a competing agent’s reputation,
the offense is called: (Correct Ans: – defamation
_<\/em><\/strong> 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. (Correct Ans: – Churning
Once an organization has filed an application to conduct insurance business, the
Office of Insurance Regulation will begin its review for issuing a(n): (Correct Ans: –
Certificate 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.
(Correct Ans: – TRUE
If an insurance company reimburses the insured for medical expenses, can the
insured deduct that amount from their federal income tax? (Correct Ans: – NO
Which of the following is NOT a benefit to key person insurance? (Correct Ans: –
Wage control
The “currently insured” classification under Social Security limits survivorship
benefits. In order to be eligible for Social Security survivor benefits, a person must
have earned ________<\/em><\/strong><\/em><\/strong> period ending with the quarter in which the worker
died. (Correct Ans: – six credits during the 13-quarter
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