Unit 26 - Florida Laws and Rules Pertinent to Life and Health Insurance
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1. The individual who sits on the Financial services C. Chief Financial
Commission and supervises the insurance function Officer
in Florida is called the
A. Chief Insurance Commissioner
B. Attorney General
C. Chief Financial Officer
D. Director of Financial Regulation
2. The major areas of regulation by the Office of Insur- A. Policing against
ance Regulation include which of the following? unauthorized in-
surance activities
A. Policing against unauthorized insurance activities
B. Proposing legislation to regulate the insurance in-
dustry
C. Enacting new insurance laws
D. Enforcing criminal penalties against those who vi-
olate the Insurance Code
3. The major difference between producers acting as C. agents repre-
agents and producers acting as brokers is that sent the company;
brokers represent
A. agents represent the client; brokers represent the the client
company
B. brokers are not subject to the same laws and regu-
lations as agents
C. agents represent the company; brokers represent
the client
D. only agents can solicit prospects for the purpose of
selling insurance
1/7
, Unit 26 - Florida Laws and Rules Pertinent to Life and Health Insurance
Study online at https://quizlet.com/_cdcz9c
4. The prelicensing education requirement for a life in- B. 40 hours
surance agent's license is
A. 30 hours
B. 40 hours
C. 20 hours
D. 24 hours
5. Keeping premium money separate from personal ac- D. fiduciary re-
counts is a sponsibility of the
agent
A. reinsurance regulation
B. replacement regulation
C. duty of the insurer
D. fiduciary responsibility of the agent
6. The state Life and Health Guaranty Association cov- C. insurance con-
ers all of the following insurance contracts EXCEPT tracts issued by
fraternal benefit
A. annuity contracts societies
B. health insurance contracts
C. insurance contracts issued by fraternal benefit so-
cieties
D. Medicare supplement contracts
7. To be licensed in Florida as a resident producer, all of B. paying an appli-
the following must be completed EXCEPT cation fee that is
refundable
A. a criminal background check
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