ADN 214 FINAL EXAM QUESTIONS WITH VERIFIED
ANSWERS
Within how many days must a licensee notify the department of financial services of a
change in address? - answers - 30
All of the following entries are classified under the four principal areas of florida
insurance law except.. - answers - an agent's commission
Which of the following factors is not considered when the department of financial
services determines if an agent's home is an insurance agency? - answers - the amount
of premium collected at this location
Florida requires that an insurance agent must complete ___ hours of continuing
education on the subject of law and ethics every two years. - answers - 5
Agents that have been licensed for less than six years must complete __ hours of
continuing education every two years. - answers - 24
A licensed agent must be appointed by an insurance company to solicit insurance in
florida. The agent's license will terminate if a certain period of time elapses without
being appointed. How long is this period of time? - answers - 48 months
What is the maximum percentage of controlled business an agent may produce? -
answers - 50%
A group plan was recently terminated. In florida, how many days are covered individuals
guaranteed coverage after a group plan's termination? - answers - 31 days
The financial services commission may hold hearings... - answers - for any reason
deemed necessary
In florida, an insurer domiciled and incorporated in this state is called a.... - answers -
domestic company
According to florida law, which of the following statements accurately describes an
admitted mail order insurance company? - answers - it may solicit insurance business
by mail without the assistance of a licensed agent.
According to florida law, an additional lapse notice must be issued after the standard
grace period has expired for policyowners age... - answers - 64 years and older
ANSWERS
Within how many days must a licensee notify the department of financial services of a
change in address? - answers - 30
All of the following entries are classified under the four principal areas of florida
insurance law except.. - answers - an agent's commission
Which of the following factors is not considered when the department of financial
services determines if an agent's home is an insurance agency? - answers - the amount
of premium collected at this location
Florida requires that an insurance agent must complete ___ hours of continuing
education on the subject of law and ethics every two years. - answers - 5
Agents that have been licensed for less than six years must complete __ hours of
continuing education every two years. - answers - 24
A licensed agent must be appointed by an insurance company to solicit insurance in
florida. The agent's license will terminate if a certain period of time elapses without
being appointed. How long is this period of time? - answers - 48 months
What is the maximum percentage of controlled business an agent may produce? -
answers - 50%
A group plan was recently terminated. In florida, how many days are covered individuals
guaranteed coverage after a group plan's termination? - answers - 31 days
The financial services commission may hold hearings... - answers - for any reason
deemed necessary
In florida, an insurer domiciled and incorporated in this state is called a.... - answers -
domestic company
According to florida law, which of the following statements accurately describes an
admitted mail order insurance company? - answers - it may solicit insurance business
by mail without the assistance of a licensed agent.
According to florida law, an additional lapse notice must be issued after the standard
grace period has expired for policyowners age... - answers - 64 years and older
