215 UNIT 23 FL STATUTES, RULES,
AND REGULATIONS EXAM
QUESTIONS WITH COMPLETE
ANSWERS
a person for a compensation, acts on behalf of or aids an insured or third-party
claimant in negotiating or effecting the settlement of claims for loss or damage
covered by an insurance contract - ANSWER-public adjuster
is a person who, for money, directy or indirectly undertakes, on behold of a public
adjuster or an insurer, to ascertain and determine the amount of any claim, loss, or
damaged payable under an insurance contract or undersea to effect settlement of
such claim, loss, or damage - ANSWER-all-lines adjuster
means a business location at which an individual , firm, partnership, corporation,
association, or other entity engages in any activity that by law may be performed
only by a licensed insurance agent - ANSWER-insurance agency
this agent acts an an independent consultant in the business of analyzing insurance
policies, providing insurance advice or counseling, to making specific
recommendations or comparisons o insurance products for a fee - ANSWER-
unaffiliated agent
new appointments or appointments being continued, which are effectuated in a
licensee birth mont, shall expire_____ months later on the last day of the licensees
birth month - ANSWER-24 months
appointments renew every ______ unless suspended, revoked, or otherwise
terminated at an earlier date - ANSWER-24 months
an appointing entity may terminate its appointment of any appointee at any time, with
at least ______ days advance written notice - ANSWER-60 days
within ____ days after terminating the appointment of an appointee, the appointing
entity must file written notice with the department including the reasons and facts
involved wither termination q - ANSWER-30 days
What are the license requirements? - ANSWER-file application, signed by
application (or third party),
meet qualifications, nd day all applicable fees
prelicensure coursework is not required for an application who what? - ANSWER-is a
member of veteran of the united states armed forces or the spouse of such a
member or veteran
, Applicants may not take an examination for a license type more than _____ times in
a 12 month period - ANSWER-5 times
A licensee must complete a total of _____ hours of continuing eduction every two
years - ANSWER-24
insurance companies, by statute have ____ days to respond to the department once
a complaint has been filed - ANSWER-20 days
every licensee shall preserve books, accounts, and records pertaining to a premium
payment for least how long ? - ANSWER-3 years
a ______ must contain the statement of catch and notice of opportunity for a hearing
- ANSWER-complaint
If the state financial institution fails to respond o the complaint with the time allotted,
such failure constitutes a default and justifies the entry of a? - ANSWER-cease and
desist order
any person who acts as an insurer, transacts insurance, or otherwise engages in
insurance activities without a certificate of authority is in violation and commits
what ? - ANSWER-felony of the 3rd degree
is an insurer that does not have a certificate of authority - ANSWER-unauthorized
insurer
is one duly authorized by a certificate of authority issued by the office to transact
insurance in this state - ANSWER-authorized insurer
is one that operates principally by mail without personal agent solicitation of
prospects - ANSWER-mail order insurance company
does Florida law allow unauthorized mail order insurers form soliciting in Florida ? -
ANSWER-no
purpose is to help protect the general public by requiring a minimum level of
insurance knowledge and competence of the licensee. - ANSWER-Florida licensing
statutes
includes an insurance producer - ANSWER-an agent
means a person who, on behalf of a visitor and for a fee, commission, or other
valuable consideration, offers or attempts to negotiate vatical settlement contract
between Viator resident in this state and one or more vatical settlement providers -
ANSWER-vatical settlement broker
does a vatical settlement broker need to be licensed as a Florida life agent -
ANSWER-yes
AND REGULATIONS EXAM
QUESTIONS WITH COMPLETE
ANSWERS
a person for a compensation, acts on behalf of or aids an insured or third-party
claimant in negotiating or effecting the settlement of claims for loss or damage
covered by an insurance contract - ANSWER-public adjuster
is a person who, for money, directy or indirectly undertakes, on behold of a public
adjuster or an insurer, to ascertain and determine the amount of any claim, loss, or
damaged payable under an insurance contract or undersea to effect settlement of
such claim, loss, or damage - ANSWER-all-lines adjuster
means a business location at which an individual , firm, partnership, corporation,
association, or other entity engages in any activity that by law may be performed
only by a licensed insurance agent - ANSWER-insurance agency
this agent acts an an independent consultant in the business of analyzing insurance
policies, providing insurance advice or counseling, to making specific
recommendations or comparisons o insurance products for a fee - ANSWER-
unaffiliated agent
new appointments or appointments being continued, which are effectuated in a
licensee birth mont, shall expire_____ months later on the last day of the licensees
birth month - ANSWER-24 months
appointments renew every ______ unless suspended, revoked, or otherwise
terminated at an earlier date - ANSWER-24 months
an appointing entity may terminate its appointment of any appointee at any time, with
at least ______ days advance written notice - ANSWER-60 days
within ____ days after terminating the appointment of an appointee, the appointing
entity must file written notice with the department including the reasons and facts
involved wither termination q - ANSWER-30 days
What are the license requirements? - ANSWER-file application, signed by
application (or third party),
meet qualifications, nd day all applicable fees
prelicensure coursework is not required for an application who what? - ANSWER-is a
member of veteran of the united states armed forces or the spouse of such a
member or veteran
, Applicants may not take an examination for a license type more than _____ times in
a 12 month period - ANSWER-5 times
A licensee must complete a total of _____ hours of continuing eduction every two
years - ANSWER-24
insurance companies, by statute have ____ days to respond to the department once
a complaint has been filed - ANSWER-20 days
every licensee shall preserve books, accounts, and records pertaining to a premium
payment for least how long ? - ANSWER-3 years
a ______ must contain the statement of catch and notice of opportunity for a hearing
- ANSWER-complaint
If the state financial institution fails to respond o the complaint with the time allotted,
such failure constitutes a default and justifies the entry of a? - ANSWER-cease and
desist order
any person who acts as an insurer, transacts insurance, or otherwise engages in
insurance activities without a certificate of authority is in violation and commits
what ? - ANSWER-felony of the 3rd degree
is an insurer that does not have a certificate of authority - ANSWER-unauthorized
insurer
is one duly authorized by a certificate of authority issued by the office to transact
insurance in this state - ANSWER-authorized insurer
is one that operates principally by mail without personal agent solicitation of
prospects - ANSWER-mail order insurance company
does Florida law allow unauthorized mail order insurers form soliciting in Florida ? -
ANSWER-no
purpose is to help protect the general public by requiring a minimum level of
insurance knowledge and competence of the licensee. - ANSWER-Florida licensing
statutes
includes an insurance producer - ANSWER-an agent
means a person who, on behalf of a visitor and for a fee, commission, or other
valuable consideration, offers or attempts to negotiate vatical settlement contract
between Viator resident in this state and one or more vatical settlement providers -
ANSWER-vatical settlement broker
does a vatical settlement broker need to be licensed as a Florida life agent -
ANSWER-yes
