Study guides, Class notes & Summaries

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated Chief Financial Officer (a.k.a. the Treasurer) - Answer️️ - - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer️️ - - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer️️ - - un...

Chapter 11: Florida Statutes, Rules, and Regulations Pertinent to Life Insurance Exam Questions & Answers | 100% Correct Which of the following dates must be contained in a policy summary - Answer ️️ -The date the summary was prepared When replacing life insurance, the duties of the replacing insurance company include all of the following EXCEPT - Answer ️️ -Maintaining a copy of the Notice Regarding Replacement and all sales proposals used for at least 5 years Who does the secon...

Florida Statutes, Rules and Regulations Pertinent to Personal Lines Insurance Exam Questions and Answers | Verified & Updated . - Answer ️️ -Uninsured/Underinsured Motorist Coverage pays for bodily injury to the insured and members of the insured's family arising out of an accident caused by the negligence of an at- fault party that either does not have insurance or has insurance with limits inadequate to pay for the damages incurred or when injurie are caused by a hit-and-run vehicle...

Florida Statutes, Rules, and Regulations Common to all lines Exam Questions with Complete Solutions An insurer incorporated in which of the following locations would be considered a foreign insurer in Washington D.C.? A. Canada B. Washington D.C C. Maryland D. Mexico - Answer️️ -C. Maryland is CORRECT! A foreign insurer is an insurance company that is incrported in another state or territorial possession. Mexico and Canada are foreign countries, so their insurers will be conisered a...

Florida Statutes, Rules, and Regulations Pertinent to Health Insuranc Exam Questions and Answers | Verified & Updated | 100% Correct Grandfathered - Answer ️️ -__________ plans meet the requirements of being considered "creditable coverages" ______ plans are also eligible for HIPAA protection against imposition of preexisting conditions and exclusions. Non-Grandfathered - Answer ️️ -______ plans do not meet the requirements of "creditable coverage" and is not eligible for HIPA...

Florida statutes, rules, and regulations common to all lines exam questions with 100% correct answers | latest update 2024/2025 which of the following is NOT a responsibility of Office of Insurance Regulation? - Answer ️️ -Enacting new insurance laws. which of the following is true regarding branch agency licensing? - Answer ️️ -agent in charge must be licensed the requirement that agents not commingle insurance monies with their own funds is known as - Answer ️️ -Fiduciary r...

Florida Statutes, Rules, and Regulations Common to All Lines Exam Questions and Answers | Verified & Updated Chief Financial Officer - Answer ️️ -is independently elected and serves as the head of the Department of Financial Services and as a member of the Financial Services Commission. Financial Services Commission - Answer ️️ -is responsible for administration and regulation of insurance Office of Insurance Regulation - Answer ️️ -is responsible for all activities concerning ...

Florida statutes, rules, and regulations common to all lines Exam Questions and Answers

Chapter 11: Florida Statutes, Rules, and Regulations Pertinent to Life Insurance Exam Questions & Answers