FLORIDA 2-20 UNIT 17 STATUTES RULES
UNAUTHORIZED ENTITIES AND ETHICS TEST
QUESTIONS STUDY GUIDE WITH DETAILED
ANSWERS COMPREHENSIVE GENERAL
LINES INSURANCE EXAM REVIEW AND
PREPARATION
UPDATED QUESTIONS AND ANSWERS 100% VERIFIED EXAM
PREP
, What are the limits on lines and products the Customer A customer representative may handle insurance business the specific supervising
Representative may handle? insurance agent is appointed to handle.
Why are Professional Employer Organizations (PEO) or A. Florida Statute 468.529 prohibits PEOs from sponsoring self-insured health plans.
Employee Leasing Companies not exempt from state B. Both of the answers are correct
regulation? 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 Any classes of insurance that his or her appointing general lines agent or agency is
to write? currently authorized to transact
What is meant by the term "unauthorized insurer"? Any insurer who is not authorized by the state of Florida.
What is meant by the term "foreign insurer"? 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 The penalties range from first-degree misdemeanor to first-degree felony.
funds"?
What is meant by the term "Exchange of Business"? An agent may place business with an insurer for which he or she is not appointed as an
agent as long as he or she is appointed for such business by another insurer.
What is included in "misrepresentation of insurance A. Knowingly making a false or fraudulent written or oral statement or representation on
applications?" or relative to any application or negotiation for insurance policy for the purpose of
obtaining a fee, commission, or any other benefit.
An Alien Insurer is: An insurer formed in a country other than the United States
Describe one goal of ERISA. To encourage individual employers to establish employee health plans for that
employer's employees and dependents
UNAUTHORIZED ENTITIES AND ETHICS TEST
QUESTIONS STUDY GUIDE WITH DETAILED
ANSWERS COMPREHENSIVE GENERAL
LINES INSURANCE EXAM REVIEW AND
PREPARATION
UPDATED QUESTIONS AND ANSWERS 100% VERIFIED EXAM
PREP
, What are the limits on lines and products the Customer A customer representative may handle insurance business the specific supervising
Representative may handle? insurance agent is appointed to handle.
Why are Professional Employer Organizations (PEO) or A. Florida Statute 468.529 prohibits PEOs from sponsoring self-insured health plans.
Employee Leasing Companies not exempt from state B. Both of the answers are correct
regulation? 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 Any classes of insurance that his or her appointing general lines agent or agency is
to write? currently authorized to transact
What is meant by the term "unauthorized insurer"? Any insurer who is not authorized by the state of Florida.
What is meant by the term "foreign insurer"? 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 The penalties range from first-degree misdemeanor to first-degree felony.
funds"?
What is meant by the term "Exchange of Business"? An agent may place business with an insurer for which he or she is not appointed as an
agent as long as he or she is appointed for such business by another insurer.
What is included in "misrepresentation of insurance A. Knowingly making a false or fraudulent written or oral statement or representation on
applications?" or relative to any application or negotiation for insurance policy for the purpose of
obtaining a fee, commission, or any other benefit.
An Alien Insurer is: An insurer formed in a country other than the United States
Describe one goal of ERISA. To encourage individual employers to establish employee health plans for that
employer's employees and dependents
