FL LAWS AND RULES PERTINENT TO INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS
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LAWS AND RULES PERTINENT TO INSURANCE
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LAWS AND RULES PERTINENT TO INSURANCE
FL LAWS AND RULES PERTINENT TO INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS
Seven-day grace period
Which of the following provisions is NOT required in HMO contracts/certificates?
Enrollment
Rates shall not be excessive
No pre-existing exclusions for children
Seven-day gra...
fl laws and rules pertinent to insurance exam ques
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LAWS AND RULES PERTINENT TO INSURANCE
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FL LAWS AND RULES PERTINENT TO INSURANCE EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS
Seven-day grace period
Which of the following provisions is NOT required in HMO contracts/certificates?
Enrollment
Rates shall not be excessive
No pre-existing exclusions for children
Seven-day grace period
5
Florida requires that an insurance agent must complete __ hours of continuing education on the subject
of law and ethics every two years.
3
4
5
6
,Risk management advisers
Which of these is NOT a legal entity for selling life insurance in Florida?
Independent agency system
Risk management advisers
Career agency system
Personal producing general agency
Coercion
Which of the following is an example of an Unfair Trade Practice?
Shared commissions
Fiduciary
Replacement
Coercion
Notice to existing and replacing insurers of intention to replace
Which of the following documents must an agent submit to the replacing insurance company during the
replacement of an existing life insurance policy?
Notice to existing and replacing insurers of intention to replace
A list of all policies the agent has replaced in the last 3 years
A statement made by the agent that NAIC guidelines have been met during the replacement process
A copy of the agent's insurance license
,group health insurance available to employers with up to 50 employees
The Florida Employee Health Care Access Act was established to make
group health insurance available to employers with up to 50 employees
health insurance affordable for families with children
individual health insurance available to all Floridians
health insurance affordable to retired individuals
48 months
A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's
license will terminate if a certain period of time elapses without being appointed. How long is this period
of time?
12 months
24 months
36 months
48 months
a form of misrepresentation
In Florida, deceptive advertising is considered to be
a form of coercion
a form of sliding
a form of rebating
a form of misrepresentation
, Florida Life and Health Insurance Guaranty Association
Which organization was established to provide funds to protect an insured in the event of an insurer's
insolvency?
National Association of Insurance Commissioners (NAIC)
Florida Life and Health Insurance Guaranty Association
Department of Financial Services
Office of Insurance Regulation
Twisting
J is an agent who has induced an insured through misrepresentation to surrender an existing insurance
policy. What is J guilty of?
Coercion
Sliding
Twisting
Rebating
Stock company is owned by its shareholders. Mutual company is owned by its policyholders.
A mutual insurance company and a stock insurance company have one main difference between them.
What is this major contrast?
Stock company is regulated by the state where it's incorporated. Mutual company is regulated by its
policyholders.
Stock company is considered an authorized insurer. Mutual company is considered an unauthorized
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