Florida Statutes, Rules, and Regulations Common to All Lines QUIZ- 100% Correct | Verified & Updated 2024

Florida Statutes, Rules, and Regulations Common to All Lines QUIZ- 100% Correct | Verified & Updated 2024 An insurer purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? - Answer ️️ -mutual All of the following would be considered an insurance transaction EXCEPT - Answer ️️ - Obtaining an insurance license During a sales presentation a producer intentionally makes a statement which may mislead the insurance applicant. This describes - Answer ️️ -misrepresentation Which of the following is true regarding branch agency licensing? - Answer ️️ -agent in charge must be licensed If an agent is in the military, which of the following is true? - Answer ️️ -The agent cannot sell a policy to another active military person who is of a lower rank. The agent in charge of an agency must hold which of the following licenses? - Answer ️️ - General lines The requirement that agents not commingle insurance monies with their own funds is known as - Answer ️️ -fiduciary responsibility Which type of misrepresentation persuades an insured, to his or her detriment, to cancel, lapse, or switch policies from one to another? - Answer ️️ -twisting No insurance policy form can be issued, delivered, or used in this state unless it has been - Answer ️️ -Filed