100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Florida Statutes, Rules, and Regulations Common to All Lines QUIZ QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 (VERIFIED ANSWERS) |ALREADY GRADED A+$12.99
Florida Statutes, Rules, and Regulations Common to All Lines QUIZ QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 (VERIFIED ANSWERS) |ALREADY GRADED A+
8 views 0 purchase
Course
Florida 2-20 agents license
Institution
Florida 2-20 Agents License
Florida Statutes, Rules, and Regulations Common to All Lines QUIZ QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 (VERIFIED ANSWERS) |ALREADY GRADED A+
Florida Statutes, Rules, and Regulations
Common to All Lines QUIZ
1. All of the subsequent are real regarding rebates EXCEPT - ANS-Rebates are allowed if
it is inside the fine hobby of the consumer.
2. All of the subsequent would be taken into consideration an insurance transaction
EXCEPT - ANS-Obtaining an coverage license
3. An insured purchased an insurance coverage 5 years in the past. Last year, she
obtained a dividend test from the coverage agency that changed into not taxable. This
12 months, she did not acquire a test from the insurer. From what kind of insurer did the
insured purchase the coverage? - ANS-mutual
4. Continuing schooling necessities ought to be met each - ANS-2 years
5. During a income presentation a manufacturer deliberately makes a announcement which
may additionally deceive the insurance applicant. This describes -
ANS-misrepresentation
6. If an agent is within the army, which of the subsequent is real? - ANS-The agent can not
promote a coverage to every other active army man or woman who's of a decrease rank.
7. In order for an insurer to legally transact insurance, it must reap which of the
subsequent? - ANS-Certificate Authority
8. Insurance organizations can be labeled according to the legal form of their possession.
The sort of business enterprise prepared to go back any surplus money to their
policyholders is - ANS-Mutual insurer
9. No insurance coverage shape can be issued, delivered, or used on this kingdom except
it has been - ANS-Filed with and permitted by way of the Office of Insurance Regulation.
10. The agent in rate of an organisation have to preserve which of the subsequent licenses?
- ANS-General traces
11. The requirement that retailers now not commingle insurance monies with their very own
funds is referred to as - ANS-fiduciary obligation
12. What are the two offices of the Financial Services Commission? - ANS-The Office of
Financial Regulation and the Office of Insurance Regulation.
13. Which of the following is an agreement between an insured and an insurer, in which the
insurer is of the same opinion to indemnify the insured for precise losses in trade for a
top class? - ANS-insurance agreement
14. Which of the following is proper regarding department organization licensing? -
ANS-agent in charge have to be certified
15. Which sort of misrepresentation persuades an insured, to his or her detriment, to cancel,
lapse, or switch regulations from one to any other? - ANS-twisting
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 Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
