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Chap. 10: FL Personal Lines State Laws Questions with
100% Verified Answers 2025 | 2026
The administration of state insurance law is the responsibility of
which of the following? - ANSWER Chief Financial Officer
Which state entity is responsible for approving a certificate of
authority for an insurance company? - ANSWER Office of
Insurance Regulation
In Florida, which of the following is not a duty of the
Department of Financial Services? - ANSWER Enforces the
Insurance Code by administering criminal penalties
Which of the following forms does not require approval from
the Office of Insurance Regulation in Florida? - ANSWER Agent
report
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The Market Investigation division includes 4 sections with
unique duties. Which of the following is not one of those 4
sections? - ANSWER Approval
How often must the Office of Financial Regulation audit all
authorized insurance carriers in Florida? - ANSWER Every 5
years
Which of the following is not true of a nonadmitted carrier? -
ANSWER The Florida Guaranty Association protects residents
who buy from a nonadmitted carrier
In Florida, unlicensed entities are a regulatory concern due to
which of the following issues? - ANSWER Potential for criminal
activity
P, a person without a certificate of authority in Florida, engaged
in insurance activities and collected $150,000 dollars in
premium payments. P is guilty of a: - ANSWER 1st degree felony
In Florida, which type of adjuster is hired on behalf of a third-
party claimant to negotiate and settle a claim? - ANSWER Public
Chap. 10: FL Personal Lines State Laws Questions with
100% Verified Answers 2025 | 2026
The administration of state insurance law is the responsibility of
which of the following? - ANSWER Chief Financial Officer
Which state entity is responsible for approving a certificate of
authority for an insurance company? - ANSWER Office of
Insurance Regulation
In Florida, which of the following is not a duty of the
Department of Financial Services? - ANSWER Enforces the
Insurance Code by administering criminal penalties
Which of the following forms does not require approval from
the Office of Insurance Regulation in Florida? - ANSWER Agent
report
, 2|Page
The Market Investigation division includes 4 sections with
unique duties. Which of the following is not one of those 4
sections? - ANSWER Approval
How often must the Office of Financial Regulation audit all
authorized insurance carriers in Florida? - ANSWER Every 5
years
Which of the following is not true of a nonadmitted carrier? -
ANSWER The Florida Guaranty Association protects residents
who buy from a nonadmitted carrier
In Florida, unlicensed entities are a regulatory concern due to
which of the following issues? - ANSWER Potential for criminal
activity
P, a person without a certificate of authority in Florida, engaged
in insurance activities and collected $150,000 dollars in
premium payments. P is guilty of a: - ANSWER 1st degree felony
In Florida, which type of adjuster is hired on behalf of a third-
party claimant to negotiate and settle a claim? - ANSWER Public
