Florida Life and Health Insurance Practice | 370 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 36 Pages

Within how many days must a licensee notify the Department of Financial Services of a change in address? - 30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - The amount of premium collected at this location Florida requires that an insurance agent must complete __ hours of continuing education on the subject of law and ethics every two years - 5 Agents that have been licensed for less than six years must complete __ hours of continuing education every two years - 24 A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time? - 48 What is the maximum percentage of controlled business an agent may produce? - 50% A group plan was recently terminated. In Florida how many days are covered individuals guaranteed coverage after a group plan's termination? - 31 days The Financial Services Commision may hold hearings... - For any reason deemed necessary In Florida, an insurer domiciled and incorporated in this state is called... - Domestic company