and answers 2025\2026 A+ Grade
CFO of Florida
- correct answer Oversees 15 divisons and offices including a division of Accounting and Auditing (
beureau of unclaimed property )
The CFO
- correct answer Who is regulation of the insurance industry directly administered by?
Administer the insurance laws of Florida
- correct answer The CFO, the financial services commission,the commissioner of the office of insurance
regulation all work together to.....
Commissioner of the office of insurance regulation
- correct answer All of the following are members of the Financial Services Commission EXCEPT ?
Society of Actuaries or Casualty Acturial Society
- correct answer In order for an actuary to work for the department and offices the actuary must be a
member of one of these two societies
Five years
- correct answer The office of insurance regulation may examine each domestic insurer not less
frequently than ?
18 months
Four years
Five years
6 months
, market conduct examinations
- correct answer The office of insurance regulation may examine each domestic insurer in the state of
Florida. What is this examination called ?
Once a year if less than 3 years in business
- correct answer If the domestic insurer has held a certificate of authority for less than three years. How
offer is an examination by the OIR conducted?
Every 6 months
Twice a year
Once a year
After 5 years
True
- correct answer The office of insurance regulation in charge of liquidating insurers. True or false?
A misdemeanor
- correct answer Any individual that obstructs the department of the OIR, the office or the examiner in
the examination or investigation is guilty of ?
A felony
A misdemeanor
And must pay a $250 fine
Office of insurance regulation and the office of financial Regulation
- correct answer Which branch(es)that reports to the CFO can administer oaths,examine
witnesses,receive evidence,subpoena witnesses,compel their attendance and testimony and can require
by subpoena the production of books,papers,records correspondence or other evidence that is relevant
to an inquiry?
Office of financial regulation
- correct answer Has the power to issue orders and declaratory statements, supervises all state financial
institutions?