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215 Florida Laws and Rules Test Questions and Answers.
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215 Florida Laws and Rules Test Questions and Answers.
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215 Florida Laws andRules Test Questions and
Answers
Denning [Date] [Course title]
,Appointment - Correct Answers: authority given to an agent to transact business on behalf of the
insurer. No one can act as an insurance agent unless currently licensed by the department and
appointed by the insurer
24 months - Correct Answers: New appointments will expire __________ on the last day of the
licensee's birth month
60 days - Correct Answers: an appointing entity may terminate its appointment of any appointee at any
time with at least _______ notice
30 days - Correct Answers: within _______ after terminating the appointment, the entity must file
written notice with the department including the reasons and facts involved in termination
48 months - Correct Answers: an agent's license will terminate if __________ elapse before being
appointed for the class or classes of insurance listed on the license
Renewing or maintaining a license (Continuing education) - Correct Answers: an agent needs to follow
these guidelines every two years to maintain their license
2 years - Correct Answers: an agent needs to follow these guidelines every_________ to maintain their
license
24 hours - Correct Answers: _________ of continuing education for every two years for agents licensed
for less than 6 years
20 hours - Correct Answers: __________ of continuing education for agents licensed for more than 6
years
4 hours - Correct Answers: any continuing education must include minimum of ______ in law and ethics
License fees, appointment and renewal fees - Correct Answers: agents must pay these fees every two
years
, True - Correct Answers: agents must continue to be appointed with an insurance company to keep their
license
Unfair trade practices - Correct Answers: any deceptive, fraudulent, or otherwise injurious practices or
acts (as to a consumer) are declared unlawful by statute or recognized as actionable at common law
Unfair claims settlements - Correct Answers: improper avoidance of a claim by the insurer or an attempt
to reduce the size of its claim by engaging in unfair claim practices to reduce costs
Domestic, foreign, or alien - Correct Answers: insurance companies have to get classified in these three
classification according to the location of its corporation
true - Correct Answers: Regardless of where the insurance company is incorporated, it still has to get a
certificate of authority before transacting insurance within a state
Domestic insurance company - Correct Answers: a company that resides and is incorporated under the
laws of the state which its home office is located.
Foreign Insurance Company - Correct Answers: a company whose home office is located in another state
is considered to be foreign in all states but its own.
Domestic - Correct Answers: company chartered in Florida would be a _________ insurance company in
Florida
Foreign - Correct Answers: company chartered in Texas would be a _________ insurance company in
Florida
Alien insurance company - Correct Answers: company chartered and organized in any country other
than the United States
Alien - Correct Answers: would be considered an _______ insurance company in all 50 states
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