Chapter 10: Florida Personal Lines State
Laws 2026 – Complete Study Guide with
Key Concepts & Practice Questions
1. The administration of state insurance law is the responsibility of
which of the following? - answer-Chief Financial Officer
2. Which state entity is responsible for approving a certificate of
authority for an insurance company? - answer-Office of Insurance
Regulation
3. 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
4. Which of the following forms does not require approval from the
Office of Insurance Regulation in Florida? - answer-Agent report
5. The Market Investigation division includes 4 sections with unique
duties. Which of the following is not one of those 4 sections? -
answer-Approval
6. How often must the Office of Financial Regulation audit all
authorized insurance carriers in Florida? - answer-Every 5 years
, 7. Which of the following is not true of a nonadmitted carrier? -
answer-The Florida Guaranty Association protects residents who
buy from a nonadmitted carrier
8. In Florida, unlicensed entities are a regulatory concern due to
which of the following issues? - answer-Potential for criminal
activity
9. 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
10. In Florida, which type of adjuster is hired on behalf of a
third-party claimant to negotiate and settle a claim? - answer-
Public
11. Which of the following is true about an insurance agency in
Florida? - answer-An agency must have a licensed and appointed
full-time agent in charge
12. Which of the following is incorrect about insurance company
appointments? - answer-An agent must be appointed for property
and casualty insurance separately
Laws 2026 – Complete Study Guide with
Key Concepts & Practice Questions
1. The administration of state insurance law is the responsibility of
which of the following? - answer-Chief Financial Officer
2. Which state entity is responsible for approving a certificate of
authority for an insurance company? - answer-Office of Insurance
Regulation
3. 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
4. Which of the following forms does not require approval from the
Office of Insurance Regulation in Florida? - answer-Agent report
5. The Market Investigation division includes 4 sections with unique
duties. Which of the following is not one of those 4 sections? -
answer-Approval
6. How often must the Office of Financial Regulation audit all
authorized insurance carriers in Florida? - answer-Every 5 years
, 7. Which of the following is not true of a nonadmitted carrier? -
answer-The Florida Guaranty Association protects residents who
buy from a nonadmitted carrier
8. In Florida, unlicensed entities are a regulatory concern due to
which of the following issues? - answer-Potential for criminal
activity
9. 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
10. In Florida, which type of adjuster is hired on behalf of a
third-party claimant to negotiate and settle a claim? - answer-
Public
11. Which of the following is true about an insurance agency in
Florida? - answer-An agency must have a licensed and appointed
full-time agent in charge
12. Which of the following is incorrect about insurance company
appointments? - answer-An agent must be appointed for property
and casualty insurance separately
