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Florida statutes, rules, and regulations common to all lines Questions and Answers Rated A+
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Florida statutes, rules, and regulations common to all lines
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Florida statutes, rules, and regulationscommon to all lines
which of the following is NOT a responsibility of Office of Insurance Regulation? -
answer Enacting new insurance laws.
which of the following is true regarding branch agency licensing? - answer agent in
charge must be licensed
the requirement that agents not commingle insurance monies with their own funds is
known as - answer Fiduciary responsibility
on its advertisement, a company claims that it has funds in its possession that are, in
fact, not available for the payment of losses or claims. the company is guilty of - answer
Misrepresentation.
which of the following insurers are owned by stockholders who have the usual rights of
ownership, including the right of voting? - answer stock
no insurance policy form can be issued, delivered, or used in this state unless it has
been - answer filed with and approved by the office of insurance regulation
insurance contracts are agreements between which two parties? - answer insurer and
insured
which of the following is an agreement between an insured and an insurer, where the
insurer agrees to indemnify the insured for specific losses in exchange for a premium? -
answer the insurance contract
which of the following best describes and insurance company that has been formed
under the laws of this state? - answer domestic
what are the 2 offices of the financial services commission? - answer The Office of
Financial Regulation and the Office of Insurance Regulation.
which of the following entities is responsible for agent licensing and administrative
supervision? - answer the office of insurance regulation
the agent in charge of an agency must hold of the following licenses? - answer general
lines
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