COMPLETE REVIEW SOLVED QUESTIONS
GRADED A+
⩥ The CFO. Answer: Who is regulation of the insurance industry
directly administered by?
⩥ Administer the insurance laws of Florida. 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. Answer: All of
the following are members of the Financial Services Commission
EXCEPT ?
⩥ Society of Actuaries or Casualty Acturial Society. 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. 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. 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. 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. Answer: The office of insurance regulation in charge of
liquidating insurers. True or false?
⩥ A misdemeanor. 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