Florida Laws and Rules Pertinent to
Insurance Chapter 10 Exam Questions
Answers (70 Questions) Latest 2024
Within how many days must a licensee notify the
Department of Financial Services of a change in address?
- Correct Answer ✅30 Days
All of the following entries are classified under the four
principals areas of Florida insurance law EXCEPT... -
Correct Answer ✅An agent's commission
(Policyowner's rights, policy provisions, and agent's
licensing requirements are all classified under the four
principal areas of Florida insurance law.)
Which of the following factors is NOT considered when
the Department of Financials Services determines if an
agent's home is an insurance agency? - Correct Answer
✅The amount of premium is collected at this location
(The Department of Financial Services will not use the
amount of premium collected at this location as factor in
determining if an agent's home is an insurance agency.
,Florida Laws and Rules Pertinent to
Insurance Chapter 10 Exam Questions
Answers (70 Questions) Latest 2024
- Listing the address on the agent's business cards
- Business solicitation is done at this location
- Clients are met at this location
Determines if an agent's home is an insurance agency)
Florida requires that an insurance agent must complete
__ hours of continuing education on the subject of law
and ethics every two years. - Correct Answer ✅5 hours
Agents that have been licensed for less than six years
must complete ____ hours of continuing education every
two years. - Correct Answer ✅24 hours
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?
, Florida Laws and Rules Pertinent to
Insurance Chapter 10 Exam Questions
Answers (70 Questions) Latest 2024
*12 months
*24 months
*36 months
*48 months - Correct Answer ✅48 months
(A licensed agent must be appointed by an insurance
company to solicit insurance in Florida. The agent's
license will terminate if 48 months elapse without being
appointed.)
What is the maximum percentage of controlled business
an agent may produce? - Correct Answer ✅50%
A group plan was recently terminated. In Florida, how
many days are covered individuals guaranteed coverage
after a group plan's termination? - Correct Answer ✅31
days
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