Quiz 9 Questions And Answers On Fire Farm

Quiz 9 c


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Quiz 9 Questions And Answers On Fire
Farm
1. An Insurance Agent's License enables the license holder to engage in the b
c c c c c c c c c c c c


usiness of insurance in good faith and with fair dealing with the insuring publi
c c c c c c c c c c c c c


c. Specifically prohibited are:
c c c


A) unlawful rebating B) c c


controlled business c


C) both are correct c c


D) neither is correct: both are correct c c c c c


2. All BUT which of the following are insurance agent licensing requirements? A
c c c c c c c c c c c


)applicant must be a natural person at least twenty-c c c c c c c c


one years of age B)applicant must be a United States citizen or legal alien lawful
c c c c c c c c c c c c c c


ly permitted to work in the U.S
c c c c c c


.C)applicant's intended place of business must be in Florida c c c c c c c c


D)applicant must pass a background check undertaken by department: appli-
c c c c c c c c c


ccant must be a natural person at least twenty-one years of age
c c c c c c c c c c c


3. A c


is a representation of a material facts or condition of which the issuance of t
c c c c c c c c c c c c c c


he policy of insurance is conditioned.
c c c c c


A) speculation
cB)fraud C)war c


ranty
D)concealment: warranty c


4. Commonly referred to as "rebating", agents c c c c c c


permitted to pay, allow, give, or offer to pay to an insured directly or indirectly
c c c c c c c c c c c c c c


any inducement to purchase any policy of insurance.
c c c c c c c


A) are
B) are not: are not c c c


5. F.S. 626.112(8) addresses referral fees that are conditioned upon an actual s
c c c c c c c c c c c


ale; specifically, no referral fee or commission can be paid to a licensed entity if th
c c c c c c c c c c c c c c c


e offer of referral is...
c c c c


A) conditioned upon a sale c c c


B) a policy which has not been paid by the insured
c c c c c c c c c


C) for a Federal Flood Insurance policy
c c c c c



1c/c5

, Quiz 9 c


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D) conditioned upon future licensing: conditioned upon a sale
c c c c c c c


6. True or False? Ethics is the study of normal behavior and is the cornerstone of
c c c c c c c c c c c c c c c


professionalism in the insurance industry.: False c c c c c


7. A licensee
c c


collect any premium in excess or below what the required rate known by the lic
c c c c c c c c c c c c c c


ensee at the time of the premium collection.
c c c c c c c


A) may
B) may not: may notc c c




2c/c5