220 - Florida Statutes & Rules,
Unauthorized Entities & Ethics Test
Questions - Unit 17
This document contains;
• 220-florida statutes & rules
• Correct answers
• All questions
• Unit 17
• Ethics test
, What are the limits on lines and products the Customer Representative may handle? -
CORRECT ANS A customer representative may handle insurance business the specific
supervising insurance agent is appointed to handle.
Why are Professional Employer Organizations (PEO) or Employee Leasing Companies not
exempt from state regulation? - CORRECT ANS A. Florida Statute 468.529 prohibits PEOs
from sponsoring self-insured health plans.
B. Both of the answers are correct
C. None of the answers are correct
D. Even though a purported "co-employer" relationship exist, the state does not recognize an
employee/employer relationship with the employee and the PEO since the PEO does not control
the hiring and firing of employees, etc. Incorrect
BOTH ARE CORRECT
What lines of insurance are customer representatives qualified to write? - CORRECT
ANS Any classes of insurance that his or her appointing general lines agent or agency is
currently authorized to transact
What is meant by the term "unauthorized insurer"? - CORRECT ANS Any insurer who is
not authorized by the state of Florida.
What is meant by the term "foreign insurer"? - CORRECT ANS C. One who formed their
company in any other state (other than Florida) but within the United States, its territories or
possessions.
What are the penalties for diverting or misappropriating "trust funds"? - CORRECT
ANS The penalties range from first-degree misdemeanor to first-degree felony.
Unauthorized Entities & Ethics Test
Questions - Unit 17
This document contains;
• 220-florida statutes & rules
• Correct answers
• All questions
• Unit 17
• Ethics test
, What are the limits on lines and products the Customer Representative may handle? -
CORRECT ANS A customer representative may handle insurance business the specific
supervising insurance agent is appointed to handle.
Why are Professional Employer Organizations (PEO) or Employee Leasing Companies not
exempt from state regulation? - CORRECT ANS A. Florida Statute 468.529 prohibits PEOs
from sponsoring self-insured health plans.
B. Both of the answers are correct
C. None of the answers are correct
D. Even though a purported "co-employer" relationship exist, the state does not recognize an
employee/employer relationship with the employee and the PEO since the PEO does not control
the hiring and firing of employees, etc. Incorrect
BOTH ARE CORRECT
What lines of insurance are customer representatives qualified to write? - CORRECT
ANS Any classes of insurance that his or her appointing general lines agent or agency is
currently authorized to transact
What is meant by the term "unauthorized insurer"? - CORRECT ANS Any insurer who is
not authorized by the state of Florida.
What is meant by the term "foreign insurer"? - CORRECT ANS C. One who formed their
company in any other state (other than Florida) but within the United States, its territories or
possessions.
What are the penalties for diverting or misappropriating "trust funds"? - CORRECT
ANS The penalties range from first-degree misdemeanor to first-degree felony.
