Florida Life & Health Insurance Final
Exam
Within how many days must a licensee notify the Department of Financial
Servicesinofaddress?
change a correct
answers30
All of the following entries are classified under the four principal areas
of Florida Law EXCEPT: correct answersAn agent's
Insurance
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? correct
answersThe
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. correct answers5
Agents that have been licensed for less than 6 years must complete
continuing education every two years. correct hours
of
answers24
A licensed agent must be appointed by an insurance company to solicit
insurance
Florida. The
in agent's license will terminate if a certain period of time
elapses
being without How long is this period of time? correct
appointed.
answers48 months
What is the maximum percentage of controlled business an agent may
produce? correct
answers50
%
A group plan was recently terminated. In Florida, how many days
are coveredguaranteed coverage after a group plan's termination? correct
individuals
day
answers31
s
The Financial Services Commission may hold hearings... correct
answersFor
reason deemed any
necessary
In Florida, an insurer domiciled and incorporated in this state is
answersDomestic
called: correct
Company
According to Florida Law, which of the following statements accurately
describes mail
admitted an order insurance company? correct answersIt may solicit
business by mail without the assistance of a
insurance
licensed agent
, According to Florida Law, an additional lapse notice must be issued after
grace period has expired for policyowners age... correct answers64
the standard
years or older
Which action could result in a hearing being ordered by the Department
of Financial
Services? correct answersPerforming insurance transactions without
a license
Which of the following professional organizations has its code of ethics
incorporated
Florida Law? correct
into answersNational Association of Insurance and Financial
Advisors
NAIFA
Which entity approves the insurance policy forms used in
Florida? correctof Insurance Regulation
answersOffice
OIR
In Florida, agents are allowed to engage in rebating if... correct
answersOffered
insureds to all actuarial
in the same
class
In Florida, when agents recommend changes be made for existing coverage,
must follow established procedures. The name of this rule is called
the agent
the... correct Replacement
answersFlorida
Rule
In Florida, an element of an insurance transaction would be... correct
answersIssuing an
insurance
contract
The Bureau of Unclaimed Property is overseen by... correct answersChief
Financial
Office
r
One of the stated purposes of the Life and Health Insurance Guaranty
Association
correct answersTo
is... assist in the prevention of insurers
insolvencies
The Life and Health Insurance Guaranty Association is funded
by... correct
answersAssessments on member
companies
The purpose of the Guaranty Fund is to... correct answersEnsure that
claims filed
against insolvent insurance companies will
be paid
The rules and regulations of the Life and Health Insurance Guaranty
Association
to... correct apply
answersLife and Health Policies issued by companies
authorized in that
particular
state
The fund that assures policyholders payment of benefits on Life and Health
Policies,
the if
company is insolvent at the time of the claim, is called the... correct
answersLife
Health and Guaranty
Insurance
Association.
A stock life insurance company that issues both participating and
nonparticipating
policies is doing business on... correct
answersMixed Plan
Exam
Within how many days must a licensee notify the Department of Financial
Servicesinofaddress?
change a correct
answers30
All of the following entries are classified under the four principal areas
of Florida Law EXCEPT: correct answersAn agent's
Insurance
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? correct
answersThe
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. correct answers5
Agents that have been licensed for less than 6 years must complete
continuing education every two years. correct hours
of
answers24
A licensed agent must be appointed by an insurance company to solicit
insurance
Florida. The
in agent's license will terminate if a certain period of time
elapses
being without How long is this period of time? correct
appointed.
answers48 months
What is the maximum percentage of controlled business an agent may
produce? correct
answers50
%
A group plan was recently terminated. In Florida, how many days
are coveredguaranteed coverage after a group plan's termination? correct
individuals
day
answers31
s
The Financial Services Commission may hold hearings... correct
answersFor
reason deemed any
necessary
In Florida, an insurer domiciled and incorporated in this state is
answersDomestic
called: correct
Company
According to Florida Law, which of the following statements accurately
describes mail
admitted an order insurance company? correct answersIt may solicit
business by mail without the assistance of a
insurance
licensed agent
, According to Florida Law, an additional lapse notice must be issued after
grace period has expired for policyowners age... correct answers64
the standard
years or older
Which action could result in a hearing being ordered by the Department
of Financial
Services? correct answersPerforming insurance transactions without
a license
Which of the following professional organizations has its code of ethics
incorporated
Florida Law? correct
into answersNational Association of Insurance and Financial
Advisors
NAIFA
Which entity approves the insurance policy forms used in
Florida? correctof Insurance Regulation
answersOffice
OIR
In Florida, agents are allowed to engage in rebating if... correct
answersOffered
insureds to all actuarial
in the same
class
In Florida, when agents recommend changes be made for existing coverage,
must follow established procedures. The name of this rule is called
the agent
the... correct Replacement
answersFlorida
Rule
In Florida, an element of an insurance transaction would be... correct
answersIssuing an
insurance
contract
The Bureau of Unclaimed Property is overseen by... correct answersChief
Financial
Office
r
One of the stated purposes of the Life and Health Insurance Guaranty
Association
correct answersTo
is... assist in the prevention of insurers
insolvencies
The Life and Health Insurance Guaranty Association is funded
by... correct
answersAssessments on member
companies
The purpose of the Guaranty Fund is to... correct answersEnsure that
claims filed
against insolvent insurance companies will
be paid
The rules and regulations of the Life and Health Insurance Guaranty
Association
to... correct apply
answersLife and Health Policies issued by companies
authorized in that
particular
state
The fund that assures policyholders payment of benefits on Life and Health
Policies,
the if
company is insolvent at the time of the claim, is called the... correct
answersLife
Health and Guaranty
Insurance
Association.
A stock life insurance company that issues both participating and
nonparticipating
policies is doing business on... correct
answersMixed Plan
