FLORIDA STATUTES & RULES –
LEARN EXAM QUESTIONS AND
ANSWERS
Every ________________ Lines Agent transacting any insurance policy must
maintain in his or her office, or have readily accessible by electronic or photographic
means, such records of policies transacted by him or her. - ANSWER-General
An insurance company owned by _________________________ is a Stock
Insurance Company. - ANSWER-stockholders
The abbreviation for Florida Insurance Guaranty Association is? - ANSWER-FIGA
This type of insurer is one which does not have a certificate of authority issued by
the department to transact insurance in this state. - ANSWER-unauthorized
Wind Mitigation protection for "openings" must pass the "_____________Missile
Test". - ANSWER-large
An "__________________" insurer is one duly authorized by a subsisting certificate
of authority issued by the department to transact insurance in Florida. - ANSWER-
authorized
A General Lines Agent licensed 6 or more years is required to obtain _______ hours
of continuing education every two years. - ANSWER-20
A General Lines Agent licensed LESS THAN 6 YEARS is required to obtain 24 hours
of continuing education every _________ years. - ANSWER-2
Any preliminary negotiations of an insurance policy is considered "transacting
_______________________". - ANSWER-insurance
Ethics is the study of __________________ behavior and is the cornerstone of
professionalism in the insurance industry. - ANSWER-moral
An _______________________ includes every person engaged as indemnitor,
surety, or contractor in the business of entering into contracts of insurance or of
annuity. - ANSWER-insurer
The difference between a Stock Insurance Company and a Mutual Insurance
Company is ownership and __________________. - ANSWER-control
ERISA has a "________________ clause" which sets apart for the states all rights
not reserved under ERISA. - ANSWER-savings
Construction elements must be documented by a licensed ___________________
professional for wind mitigation credits to apply. - ANSWER-construction
, Any person offering the sale of insurance at the time of and in connection with an
application or extension of credit must disclose so in ______________________. -
ANSWER-writing
Defamation includes both __________ and slander. - ANSWER-libel
The consequence for acting as an insurer without proper licensure include is a
__________degree felony. - ANSWER-third
Gable roofs have two roof lines which basically form the shape of an _______. -
ANSWER-A
An insurer other than a domestic or foreign insurer. - ANSWER-alien
FIGA is a statutorily created association that pays certain outstanding claims of
_________________ insurance companies. - ANSWER-insolvent
Roof Decks attached with 6d common nails at six inch intervals are eligible or are not
eligible for mitigation credits. - ANSWER-not eligible
An insurance company owned by stockholders is a _________________ insurance
company. - ANSWER-stock
The most common roof decking material is? - ANSWER-plywood
The Department of Financial Services requires notice of any name or address
change within how many days of the change. - ANSWER-30
Failure to account for funds held in trust for an insurer or insured may result in either
a suspension, termination, or license ________________________. - ANSWER-
revocation
Who requires all insurance companies to file Wind Mitigation credits. - ANSWER-
OIR
The study of moral behavior which is the cornerstone of professionalism in the
insurance industry. - ANSWER-ethics
This roof shape has roof lines continuously on all sides of the building and are
eligible for wind mitigation discounts. - ANSWER-hip
FIGA assessments are capped at what percent of a company's net direct premium? -
ANSWER-2%
A customer representative may __________ engage in the transacting of insurance
outside of the office or organizational setting. - ANSWER-not
___________________ insurance includes solicitation, inducement, and or
negotiations. - ANSWER-Transacting
LEARN EXAM QUESTIONS AND
ANSWERS
Every ________________ Lines Agent transacting any insurance policy must
maintain in his or her office, or have readily accessible by electronic or photographic
means, such records of policies transacted by him or her. - ANSWER-General
An insurance company owned by _________________________ is a Stock
Insurance Company. - ANSWER-stockholders
The abbreviation for Florida Insurance Guaranty Association is? - ANSWER-FIGA
This type of insurer is one which does not have a certificate of authority issued by
the department to transact insurance in this state. - ANSWER-unauthorized
Wind Mitigation protection for "openings" must pass the "_____________Missile
Test". - ANSWER-large
An "__________________" insurer is one duly authorized by a subsisting certificate
of authority issued by the department to transact insurance in Florida. - ANSWER-
authorized
A General Lines Agent licensed 6 or more years is required to obtain _______ hours
of continuing education every two years. - ANSWER-20
A General Lines Agent licensed LESS THAN 6 YEARS is required to obtain 24 hours
of continuing education every _________ years. - ANSWER-2
Any preliminary negotiations of an insurance policy is considered "transacting
_______________________". - ANSWER-insurance
Ethics is the study of __________________ behavior and is the cornerstone of
professionalism in the insurance industry. - ANSWER-moral
An _______________________ includes every person engaged as indemnitor,
surety, or contractor in the business of entering into contracts of insurance or of
annuity. - ANSWER-insurer
The difference between a Stock Insurance Company and a Mutual Insurance
Company is ownership and __________________. - ANSWER-control
ERISA has a "________________ clause" which sets apart for the states all rights
not reserved under ERISA. - ANSWER-savings
Construction elements must be documented by a licensed ___________________
professional for wind mitigation credits to apply. - ANSWER-construction
, Any person offering the sale of insurance at the time of and in connection with an
application or extension of credit must disclose so in ______________________. -
ANSWER-writing
Defamation includes both __________ and slander. - ANSWER-libel
The consequence for acting as an insurer without proper licensure include is a
__________degree felony. - ANSWER-third
Gable roofs have two roof lines which basically form the shape of an _______. -
ANSWER-A
An insurer other than a domestic or foreign insurer. - ANSWER-alien
FIGA is a statutorily created association that pays certain outstanding claims of
_________________ insurance companies. - ANSWER-insolvent
Roof Decks attached with 6d common nails at six inch intervals are eligible or are not
eligible for mitigation credits. - ANSWER-not eligible
An insurance company owned by stockholders is a _________________ insurance
company. - ANSWER-stock
The most common roof decking material is? - ANSWER-plywood
The Department of Financial Services requires notice of any name or address
change within how many days of the change. - ANSWER-30
Failure to account for funds held in trust for an insurer or insured may result in either
a suspension, termination, or license ________________________. - ANSWER-
revocation
Who requires all insurance companies to file Wind Mitigation credits. - ANSWER-
OIR
The study of moral behavior which is the cornerstone of professionalism in the
insurance industry. - ANSWER-ethics
This roof shape has roof lines continuously on all sides of the building and are
eligible for wind mitigation discounts. - ANSWER-hip
FIGA assessments are capped at what percent of a company's net direct premium? -
ANSWER-2%
A customer representative may __________ engage in the transacting of insurance
outside of the office or organizational setting. - ANSWER-not
___________________ insurance includes solicitation, inducement, and or
negotiations. - ANSWER-Transacting
