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Florida 2-15 Insurance License Exam 2024 Questions With 100% Correct Answers!!
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Florida 2-15 Insurance License Exam 2024 Questions With 100% Correct Answers!!
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Name: Score:149 Multiple choice questions
Term 1 of 149
What is the operating objective of a stock insurance company?
To maximize the number of policies sold.
To provide the lowest rates possible for consumers.
To focus solely on customer satisfaction.
To make a profit for its owners, the stockholders
Term 2 of 149
Depending upon the contract, annuity payments can begin immediately or they can be deferred
to a future date. The investment configuration:
must be a variable rate of return.
can be either a fixed or a variable rate of return.
is guaranteed to start immediately.
is only available as a fixed rate of return.
Term 3 of 149
Agents should check with _________________ to determine if the insurer they are representing is a
properly authorized insurer.
the Department of Financial Services
the National Insurance Association
the Federal Trade Commission
the State Insurance Board
,Term 4 of 149
Which of the following reimburses its insureds for covered medical expenses?
Reimbursement
Medicaid
Commercial insurers
Medical expense plans
Term 5 of 149
An agent engaged in churning as a result of fraudulent conduct is subject to a fine of ________ for
each willful violation. (2012)
$25,000
$10,000
$100,000
$50,000
Term 6 of 149
According to Florida's Standard Valuation Law, the __________________ is mandatory.
financial audit
investment strategy
legal reserve
market analysis
,Term 7 of 149
Insurable interest must exist at:
a number of accumulation units.
the time of application.
only when the applicant requests it.
taxable wage base.
Term 8 of 149
Which of the following would most likely be considered a key person in a business?
An officer of the company
One of five top owners
Both the insurer and the insured
Risk retention groups
Term 9 of 149
Level, decreasing, and increasing insurance are all basic forms of ____________ insurance.
term
permanent
whole
variable
, Term 10 of 149
Supplemental Medical Insurance, Medicaid, and U.S. Armed Services and Veterans Insurance are
all examples of what type of insurer?
Service Providers
Government Insurers
Private Insurers
Commercial Insurers
Term 11 of 149
Under the Law of Agency, an agent is the lawful representative of the:
certificate of authority
estate
principal
insurer
Term 12 of 149
COBRA provides health benefit extensions for ____________ after employment is terminated.
36 months
18 months
24 months
12 months
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