220 - Florida Statutes & Rules,
Unauthorized Entities & Ethics Test
Questions - Unit 17
1. A Customer Representative's authority does now not encompass: - ANS-Conducting
income work outside of the agent's workplace
2. A patron consultant's powers consist of: - ANS-A patron consultant should be a salaried
worker of the agent or organization; his reimbursement cannot consist of commissions
and cannot be based on the production of programs, insurance, or premium
3. A Domestic Insurer is: - ANS-An insurer shaped below Florida legal guidelines, but
which may additionally provide coverage in other states
4. A Domestic Insurer is: - ANS-B. An insurer fashioned under Florida legal guidelines,
however which may additionally offer coverage in other states
5. A Foreign Insurer is: - ANS-An insurer formed under the legal guidelines of any country,
apart from Florida
6. A General Lines Agent is: - ANS-D. One who can also transact assets coverage,
casualty insurance, surety coverage, health insurance, and marine insurance inside the
State of Florida
7. A General Lines Agent is: - ANS-One who may also transact property insurance,
casualty coverage, surety coverage, medical health insurance, and marine coverage in
the State of Florida
8. An agent may also region commercial enterprise with an insurer for which he or she is
not appointed as an agent so long as she or he is appointed for such commercial
enterprise by way of any other insurer ("Exchange of commercial enterprise")if? -
ANS-A. A certified agent must countersign all regulations.
9. B. The insurer assigns a completely unique brokering agent's check in variety to every
agent no longer appointed with the insurer and furnishes the agent with the insurer`s
paperwork, coverage documents, binders, applications, and different incidental supplies.
10. C. All of the answers are accurate Correct
11. D. Each shape, coverage report, binder, and alertness must predominantly show, (in
12-point type or the scale of some other entity call whichever is greater, capital letters or
boldfaced type, and be printed with the call of the insurer on the top.
12.
13. All are accurate
14. An agent, consumer representative or modify who diverts or misappropriates budget
belonging to an insurer or others (trust budget) can be held accountable as follows: -
ANS-A. If the diverted or misappropriated finances are $20,000 or more but less than
$100,000, the licensee may be charged with a second-diploma prison
, 15. B. If the diverted or misappropriated budget are hundred thousand greenbacks or
greater, the licensee can be charged with a first-diploma criminal
16. C. If the diverted or misappropriated budget are $three hundred or less, the licensee
may be charged with a first-degree misdemeanor
17. D. Any of the solutions are correct Correct
18.
19. any are correct
20. An agent, purchaser consultant or regulate who diverts or misappropriates budget
belonging to an insurer or others (believe funds) may be held accountable as follows: -
ANS-A. If the diverted or misappropriated funds are $300 or much less, the licensee may
be charged with a primary-degree misdemeanor Incorrect
21. B. If the diverted or misappropriated funds are hundred thousand greenbacks or more,
the licensee may be charged with a first-diploma criminal
22. C. If the diverted or misappropriated funds are $20,000 or more but less than $one
hundred,000, the licensee can be charged with a second-diploma prison
23. D. Any of the solutions are accurate
24.
25. any are correct
26. An agent`s license is for the reason of authorizing the licensee in exact religion to have
interaction in the coverage enterprise. The license can not be used for: - ANS-Receiving
a rebate within the shape of fee or different compensation for "managed commercial
enterprise"
27. An Alien Insurer is: - ANS-An insurer fashioned in a country aside from america
28. An Authorized Insurer is: - ANS-An insurance enterprise who has acquired a certificate
of authority from the State of Florida
29. Are groups running in Florida required to have a license? - ANS-Yes, as of October 1,
2006 all groups must record for licensure or registration
30. Define "false claims or obtaining or preserving money dishonestly". - ANS-Any agent
who represents to any insurer a false claim for payment, knowing the claim to be false is
guilty of a second-degree misdemeanor.
31. Define "fake claims or obtaining or keeping money dishonestly". - ANS-C. Any agent
who represents to any insurer a false claim for fee, understanding the claim to be fake is
guilty of a 2d-diploma misdemeanor.
32. Define "self-insurance". - ANS-Includes any plan installed by way of an entity that isn't
always an insurer with the cause of indemnifying an worker or their beneficiary for
advantages in the occasion of illness, coincidence, incapacity or demise.
33. Define "sliding". - ANS-Representing to the applicant together with the acquisition of
motor vehicle insurance that a particular ancillary insurance or product is needed while
said insurance or product is not required.
34. Define the time period "insurer". - ANS-Any individual engaged inside the enterprise of
coverage or annuities.
35. Define the term "insurer". - ANS-Any man or woman engaged in the commercial
enterprise of insurance or annuities.
