220 EXAM - FLORIDA STATUTES Questions And Answers

220 EXAM - FLORIDA STATUTES
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220 EXAM - FLORIDA STATUTES Questions And
Answers
1. All of the following are grounds for compulsory refusal, suspension, or re
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vocation EXCEPT: v


A. Unlawfully rebating v


B. Fraudulent submission of a Workers' Comp app v v v v v v


C. Lack of reasonably adequate knowledge
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D. Soliciting insurance in other areas of the state: D. Soliciting insurance in other ar
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eas of the state
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2. How long is a temporary license good for?
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A. 12 months v


B. 6 months v


C. 4 months v


D. 2 months: B. 6 months
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3. Which of the following can a licensed agent share commissions with?
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A. A non-resident agent
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B. A customer representative
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C. A car dealer
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D. A real estate agent: A. A non-resident agent
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4. Jim and Glenda go to the local branch of their bank for a home loan. Th
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e loan officer tells them that in order to qualify for the loan they must purc
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hase insurance from the bank. This is an example of
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A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating: B. Coercion v v


5. Knowingly using an incomplete comparison of insurance policies in order t
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o
get the insured to buy a policy from you is called:
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A. Misrepresentation
B. Coercion
C. Twisting
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D. Rebating: C. Twisting v v


6. Charging an applicant for a specific ancillary coverage in addition to the cost
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of the auto insurance coverage applied for without his consent is called:
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A. Misrepresentation
B. Churning
C. Sliding
D. Coercion: C. Sliding v v


7. An insurance company formed under the laws of Florida is called:
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A. Foreign




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B. Alien
C. Domestic
D. Captive: C. Domestic v v


8. An insurance company formed under the laws of another state is called:
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A. Foreign
B. Alien
C. Domestic
D. Captive: A. Foreign v v


9. An insurance company formed in Zurich, Switzerland is called:
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A. Foreign
B. Alien
C. Domestic
D. Captive: B. Alien v v


10. An insurance company that is licensed to do business in Florida is called:
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A. A licensed insurance company
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B. An authorized insurance company
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C. An unauthorized insurance company
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D. A captive insurance company: B. An authorized insurance company
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11. All of the following are considered "transacting insurance "EXCEPT:
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A. Solicitation
B. Transacting changes and endorsements v v v


C. Giving quotes and proposals v v v


D. Underwriting new business: D. Underwriting new business v v v v v v


12. Which of the following is not a type of insurance that can be transacted wi
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th a "general lines" insurance license?
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A. Health insurance written by a carrier which is also r
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epresented for P&C v v


B. Marine insurance v


C. Life insurance written by carrier which is also r
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epresented for P&C v v


D. Surety: C. Life insurance written by carrier which is also re
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presented for P&C v v


13. When authority is given to a licensee to transact or adjust insurance, it i
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s called: v


A. Certificate of authority v v


B. Appointment
C. Attorney-in-fact
D. Binder: B. Appointment v v




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