FLORIDA 2-15 INSURANCE LICENSE EXAM QUESTIONS AND ANSWERS LATEST UPDATE

Lorraine was diagnosed with breast cancer in 2005 but has been cancer free since 2006. 
However, she still requires follow-up care. Lorraine secured a new job in 2012. Is her breast 
cancer follow-up care considered a preexisting condition? Why? 
No - Breast cancer follow-up care is prohibited from being considered a preexisting condition, 
unless breast cancer is found. 
 
 
"ACC" refers to the type of disability 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 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: 
rebating 
 
2 | Page 
 
____________ term insurance provides a level amount of protection for a specified 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 ____________ insurance. 
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 plus. 
 
 
Every HMO subscriber must receive a benefits package that includes a copy of the HMO 
contract and certificate, and: 
3 | Page 
 
a member's handbook. 
 
 
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 includes all of the following EXCEPT the 
beneficiary 
 
 
Mutualization occurs when a stock company turns to a __________ company. 
mutual 
 
4 | Page 
 
 
To provide a safeguard for insureds, most major medical policies contain a ____________ 
feature that limits the insured's out-of-pocket expenses. 
stop-loss