Exam (elaborations)
Florida General Insurance Laws 25 Questions with Accurate Answers
- Course
- Institution
Florida General Insurance Laws 25
[Show more]
Content preview
Florida General Insurance Laws 25It is an unfair trade practice to use the existence of ____________ for the purpose of
selling insurance. - answer the Florida Life and Health Insurance Guaranty Association,
or the protections the association offers,
Transacting insurance includes all of the following EXCEPT: - answer underwriting
insurance contracts
which of the following investments would it typically NOT be allowed to invest? - answer
gold and currencies
the responsibilities of the Office of Insurance Regulation and the Department of
Financial Services? - answer issuing rules and regulations to administer the insurance
laws
The life insurance Buyer's Guide helps prospective buyers determine all of the following
EXCEPT: - answermost qualified insurer
Which of the following penalties may the Office of Insurance Regulation impose if an
agent intentionally represents an unauthorized insurer in Florida? - answera fine of up to
$10,000
An insurer must notify its current customers of its privacy policies or practices at least
once every how often? - answer12 months
Insurers are required to file an annual statement regarding their financial condition,
transactions, and affairs with the Office of Insurance Regulation by - answerMarch 1
An agent's license can be suspended or revoked for all of the following reasons
EXCEPT: - answerpaying commissions to a licensed agency
Alex sold an insurance policy before his license lapsed and earned a commission on the
sale. Is he entitled to a commission if the policy is renewed? - answerYes, because he
was licensed when the policy was sold.
if an agent's appointment for a particular class of insurance has been terminated or not
renewed, the agent remains eligible to be appointed as an agent for that line of
business for - answer48 months
Which of the following is a requirement to operate as an insurance agency in Florida? -
answerObtaining a license or registration from the state
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now