FL Statutes Property & Casualty questions with correct answers

A. To Administer the Insurance Laws CORRECT 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 A. The company must notify the Department Financial Services in writing that the agent no longer represents that company. CORRECT 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 A. The company must notify the Department Financial Services in writing that the agent no longer represents that company.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 CORRECT ANSWER What is a Foreign Insurance Company? A. A company that is chartered inside of the state B. A company that is chartered outs