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Chapter 18 Florida Laws, Rules, and Regulations Test Questions and Answers.
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Chapter 18: Florida Laws,Rules, and Regulations
Test Questions and
Answers
Denning [Date] [Course title]
, CFO - Correct Answers: - head of the Dept of Financial Services
- oversees accounting/audit, insurance agents and fraud, consumer services, office of the insurance
consumer advocate
- regulation of insurance agents
Financial Services Commission - Correct Answers: Office of Financial Regulation
- regulation of banks, credit unions, securities industry, finance companies, other financial institutions
- Bureau of Financial Investigations
Office of Insurance Regulation
- regulates insurers
- duties include: licensing, rates, forms, market conduct, claims, certificates of authority, solvency,
viatcals, premium financing
30 - Correct Answers: Policy forms must be filed at least __ days before use
5 - Correct Answers: Market conduct examinations at least once every _ years
24 - Correct Answers: Licensing appointments renew every __ months
60 - Correct Answers: An insurer that terminates an appointment must provide at least __ days advance
notice
30 (appointment) - Correct Answers: Termination notice must be sent to Department within __ days
Prelicensing Education Requirements - Correct Answers: - 40 hours for life agent license
- 40 hours for health agent license
- 60 hours for life & health agent license
5 times - Correct Answers: License exams may not be taken more than _ times in a 12-month period
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