FL Statutes Property & Casualty Final
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Pass Solutions .
A. To Administer the Insurance Laws - Answer What is the primary Function of the CFO?
A. To Administer the Insurance Laws
B. To pas laws regarding the insurance industry
C. To negotiate the ethical standards with the insurance industry.
D. to become the advocate for the insurance agents int he state.
A. The company must notify the Department Financial Services in writing that the agent no
longer represents that company. - Answer How Does an insurance company terminate an
appointment of an agent?
A. The company must notify the Department Financial Services in writing that the agent no
longer represents that company.
B. The company will send a letter to the ages. The agent must notify the Department of
Financial Services if they are terminated.
C. Nothing is required to be done until next renewal.
D. The CFO is only Interested in who is appointed, not when they are terminated.
B. A company that is chartered outside of the state - Answer What is a Foreign Insurance
Company?
A. A company that is chartered inside of the state
B. A company that is chartered outside of the state
C. A company that is chartered in another country
D. A company that is not an alien company
C. A company that was chartered in Paris and doing business in Florida. - Answer Which of the
following is an Alien Company?
,D. A company that is under investigation from the department of Financial Services
A. Agent places additional items on the premium without explaining them to the insured. -
Answer CFO interprets the law on rebating as all of the following EXCEPT?
A. Agent places additional items on the premium without explaining them to the insured.
B. Agent returns part of the commission or something of value to encourage the person to buy
insurance from them.
C. Agent reduces the premium for the insurance by taking less commission.
D. the buyer receives a $100 gourmet meal if they buy insurance from the agent.
A. Request that an insurance company permit the agent to represent them and then send an
appointment form and the appropriate fee to the Department of Financial Services. - Answer
How can an insurance agent obtain an appointment in the State of Florida ?
A. Request that an insurance company permit the agent to represent them and then send an
appointment form and the appropriate fee to Department of Financial Services.
B. The Department of Financial Services appoints the agent to the specific companies they
desire them to represent.
C. the Agent must be sponsored before sitting for the state exam. The agent must then work
only for that company.
D. There is no requirement to be appointed as long the agent has passed the state exam .
A. Misrepresentation - Answer When a company advertises information that was intentionally
false, this is know as :
A. Misrepresentation
B. Products and Completed Operations
C. Twisting
D. Rebating
D. $ 50,000 - Answer A Commercial agent has been directed by the Department of Financial
Services to Cease and Desist . What is the penalty if the agent does not ?
, B. Insurance Company - Answer Who does the agent represent when selling insurance ?
A. Customer
B. Insurance Company
C. Department of Financial Services
D. The agent himself
B. Another licensed agent with same type of license - Answer Who could the agent split the
commission with ?
A. The customer
B. Another licensed agent with same type of license
C. Another licensed agent with any type of license
D. No one
C. Every 3 three years - Answer How often does the Chief Financial Officer audit insurance
companies ?
A. Once a quarter
B. Once a year
C. Every three years
D.Every five years
D. Within 48 months from date of termination - Answer If the Agency, for which the agent was
appointed through, terminates the agents appointment , how long does the agent have to
reactivate the appointment before being considered a first time applicant . ?
A. Within 2 weeks of termination
B. Within 30 days of termination
C. Within 1 year from date of termination
D. Within 48 months from date of termination
Review Exam With Guaranteed 100%
Pass Solutions .
A. To Administer the Insurance Laws - Answer What is the primary Function of the CFO?
A. To Administer the Insurance Laws
B. To pas laws regarding the insurance industry
C. To negotiate the ethical standards with the insurance industry.
D. to become the advocate for the insurance agents int he state.
A. The company must notify the Department Financial Services in writing that the agent no
longer represents that company. - Answer How Does an insurance company terminate an
appointment of an agent?
A. The company must notify the Department Financial Services in writing that the agent no
longer represents that company.
B. The company will send a letter to the ages. The agent must notify the Department of
Financial Services if they are terminated.
C. Nothing is required to be done until next renewal.
D. The CFO is only Interested in who is appointed, not when they are terminated.
B. A company that is chartered outside of the state - Answer What is a Foreign Insurance
Company?
A. A company that is chartered inside of the state
B. A company that is chartered outside of the state
C. A company that is chartered in another country
D. A company that is not an alien company
C. A company that was chartered in Paris and doing business in Florida. - Answer Which of the
following is an Alien Company?
,D. A company that is under investigation from the department of Financial Services
A. Agent places additional items on the premium without explaining them to the insured. -
Answer CFO interprets the law on rebating as all of the following EXCEPT?
A. Agent places additional items on the premium without explaining them to the insured.
B. Agent returns part of the commission or something of value to encourage the person to buy
insurance from them.
C. Agent reduces the premium for the insurance by taking less commission.
D. the buyer receives a $100 gourmet meal if they buy insurance from the agent.
A. Request that an insurance company permit the agent to represent them and then send an
appointment form and the appropriate fee to the Department of Financial Services. - Answer
How can an insurance agent obtain an appointment in the State of Florida ?
A. Request that an insurance company permit the agent to represent them and then send an
appointment form and the appropriate fee to Department of Financial Services.
B. The Department of Financial Services appoints the agent to the specific companies they
desire them to represent.
C. the Agent must be sponsored before sitting for the state exam. The agent must then work
only for that company.
D. There is no requirement to be appointed as long the agent has passed the state exam .
A. Misrepresentation - Answer When a company advertises information that was intentionally
false, this is know as :
A. Misrepresentation
B. Products and Completed Operations
C. Twisting
D. Rebating
D. $ 50,000 - Answer A Commercial agent has been directed by the Department of Financial
Services to Cease and Desist . What is the penalty if the agent does not ?
, B. Insurance Company - Answer Who does the agent represent when selling insurance ?
A. Customer
B. Insurance Company
C. Department of Financial Services
D. The agent himself
B. Another licensed agent with same type of license - Answer Who could the agent split the
commission with ?
A. The customer
B. Another licensed agent with same type of license
C. Another licensed agent with any type of license
D. No one
C. Every 3 three years - Answer How often does the Chief Financial Officer audit insurance
companies ?
A. Once a quarter
B. Once a year
C. Every three years
D.Every five years
D. Within 48 months from date of termination - Answer If the Agency, for which the agent was
appointed through, terminates the agents appointment , how long does the agent have to
reactivate the appointment before being considered a first time applicant . ?
A. Within 2 weeks of termination
B. Within 30 days of termination
C. Within 1 year from date of termination
D. Within 48 months from date of termination
