100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS $14.99
Add to cart

Exam (elaborations)

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS

2 reviews
 4 purchases
  • Course
  • Florida life health annuity
  • Institution
  • Florida Life Health Annuity

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insuran...

[Show more]

Preview 2 out of 10  pages

  • December 31, 2023
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Florida life health annuity
  • Florida life health annuity

2  reviews

review-writer-avatar

By: sierraclouse41814 • 1 month ago

review-writer-avatar

By: kamesaelkhoury • 6 months ago

I love it

avatar-seller
TIFFACADEMICS
FLORIDA LIFE INSURANCE/ ANNUITIES
2-14 STUDY SET EXAM WITH CORRECT
ANSWERS
Which of the following individuals MUST be licensed as an agent? - CORRECT
ANSWER-A person who places insurance on behalf of anyone seeking insurance.

Which of the following statements regarding a nonresident insurance agent is
CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state
of residence

State insurance laws specifically allow the Commissioner(or Director) to issue a
temporary license to which of the following individuals? - CORRECT ANSWER-A
surviving spouse of a deceased agent

A person is required to be AT LEAST how old before he or she is licensed as an agent
in most states? - CORRECT ANSWER-18

Insurance agents must notify the Commissioner(or Director) of a change of home
address within a MAXIMUM of how many days? - CORRECT ANSWER-30

An agent's license can be suspended or revoked by... - CORRECT ANSWER-Writing
primarily controlled business

Which of the following activities will NOT result in the suspension of an agent's license. -
CORRECT ANSWER-Working for an foreign insurer.

All of the following will result in the suspension of an agent's license EXCEPT.... -
CORRECT ANSWER-Acting with fiduciary responsibility

Which of the following acts is an agent NOT authorized to do on behalf of an insurer? -
CORRECT ANSWER-Authorize claim payments

According to state insurance law, while transacting insurance business, agents act as
representative of... - CORRECT ANSWER-The insurer

An insurance broker is a representative of... - CORRECT ANSWER-Insured

T is an agent and when hired, is reminded that he has a responsibility to handle clients'
funds in an honest and ethical manner. This responsibility is referred to as... -
CORRECT ANSWER-Fiduciary responsibility

, Insurance companies that are organized in countries outside the United States are
referred to as... - CORRECT ANSWER-Alien

An insurance company incorporated under the laws of the state in which its home office
is located is called a(n)_____ company - CORRECT ANSWER-Domestic

If an insurance company is organized under the laws of New Jersey and licensed to do
business here, it is considered which of the following in Texas? - CORRECT ANSWER-
A foreign company

An insurance company that is incorporated in New Hampshire and does business in
Florida is defined in Florida as... - CORRECT ANSWER-A foreign insurer

A foreign insurance company is one that is incorporated... - CORRECT ANSWER-
Under the laws of another state

In order for domestic, foreign, or alien insurance company to conduct business, it must
be authorized by whom? - CORRECT ANSWER-The state where they are conducting
business

A certificate of authority does which of the following? - CORRECT ANSWER-Permits an
insurance company to transact business in that state

Before approving an application for a business entity acting as an agent, the
Commissioner(or Director) must find that the business entity has... - CORRECT
ANSWER-Designate an agent to be responsible for compliance with insurance laws

If an insured sustains a loss on a policy sold by an agent through an insurance
company that is not authorized to do business in that particular state, which of the
following would be liable? - CORRECT ANSWER-The agent and the company

Which of the following is NOT a consequence for placing business with an unauthorized
insurer? - CORRECT ANSWER-First degree misdemeanor

All of the following are defined as doing insurance business EXCEPT... - CORRECT
ANSWER-Selling mutual funds

What is the main reason for regulating the insurance industry? - CORRECT ANSWER-
Maintain the solvency of insurance companies.

The insurance Commissioner(or Director) may examine the records of an insurance
company on order to... - CORRECT ANSWER-Determine the solvency of the company

The Commissioner(or Director) of insurance has the power to... - CORRECT ANSWER-
Conduct examinations of insurance companies

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TIFFACADEMICS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$14.99  4x  sold
  • (2)
Add to cart
Added