FL Statutes Property & Casualty

A. To Administer the Insurance Laws - Answer- What is the primary Function of the CFO? A. To Administer the Insurance Laws B. To pas laws regarding the insurance industry C. To negotiate the ethical standards with the insurance industry. D. to become the advocate for the insurance agents int he state. A. The company must notify the Department Financial Services in writing that the agent no longer represents that company. - Answer- How Does an insurance company terminate an appointment of an agent? A. The company must notify the Department Financial Services in writing that the agent no longer represents that company. B. The company will send a letter to the ages. The agent must notify the Department of Financial Services if they are terminated. C. Nothing is required to be done until next renewal. D. The CFO is only Interested in who is appointed, not when they are terminated. B. A company that is chartered outside of the state - Answer- What is a Foreign Insurance Company? A. A company that is chartered inside of the state B. A company that is chartered outside of the state C. A company that is chartered in another country D. A company that is not an alien company C. A company that was chartered in Paris and doing business in Florida. - Answer- Which of the following is an Alien Company? A. A company that was chartered in Atlanta and licensed in Georgia B. A company that was chartered in San Francisco and doing business in Maine C. A company that was chartered in Paris and doing business Florida D. A company that is under investigation from the department of Financial Services A. Agent places additional items on the premium without explaining them to the insured. - Answer- CFO interprets the law on rebating as all of the following EXCEPT? A. Agent places additional items on the premium without explaining them to the insured. B. Agent returns part of the commission or something of value to encourage the person to buy insurance from them. C. Agent reduces the premium for the insurance by taking less commission. D. th