FL Statutes Property & Casualty exam questions with answers

FL Statutes Property & Casualty
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exam questions with answers /| /| /|




A. To Administer the Insurance Laws - CORRECT ANSWERS
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✔✔What is the primary Function of the CFO?
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A. To Administer the Insurance Laws
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B. To pas laws regarding the insurance industry
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C. To negotiate the ethical standards with the insurance industry.
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D. to become the advocate for the insurance agents int he state.
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A. The company must notify the Department Financial Services
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in writing that the agent no longer represents that company. -
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CORRECT ANSWERS ✔✔How Does an insurance company
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terminate an appointment of an agent?
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A. The company must notify the Department Financial Services
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in writing that the agent no longer represents that company.
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B. The company will send a letter to the ages. The agent must
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notify the Department of Financial Services if they are
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terminated. /|




C. Nothing is required to be done until next renewal.
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D. The CFO is only Interested in who is appointed, not when they
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are terminated.
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,B. A company that is chartered outside of the state - CORRECT
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ANSWERS ✔✔What is a Foreign Insurance Company?
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A. A company that is chartered inside of the state
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B. A company that is chartered outside of the state
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C. A company that is chartered in another country
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D. A company that is not an alien company
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C. A company that was chartered in Paris and doing business in
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Florida. - CORRECT ANSWERS ✔✔Which of the following is an
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Alien Company?
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A. A company that was chartered in Atlanta and licensed in
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Georgia
B. A company that was chartered in San Francisco and doing
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business in Maine /| /|




C. A company that was chartered in Paris and doing business
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Florida
D. A company that is under investigation from the department of
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Financial Services /|




A. Agent places additional items on the premium without
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explaining them to the insured. - CORRECT ANSWERS ✔✔CFO
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interprets the law on rebating as all of the following EXCEPT?
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A. Agent places additional items on the premium without
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explaining them to the insured. /| /| /| /|

, B. Agent returns part of the commission or something of value to
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encourage the person to buy insurance from them.
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C. Agent reduces the premium for the insurance by taking less
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commission.
D. the buyer receives a $100 gourmet meal if they buy
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insurance from the agent./| /| /|




A. Request that an insurance company permit the agent to
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represent them and then send an appointment form and the
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appropriate fee to the Department of Financial Services. -
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CORRECT ANSWERS ✔✔How can an insurance agent obtain an
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appointment in the State of Florida ? /| /| /| /| /| /|




A. Request that an insurance company permit the agent to
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represent them and then send an appointment form and the
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appropriate fee to Department of Financial Services.
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B. The Department of Financial Services appoints the agent to
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the specific companies they desire them to represent.
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C. the Agent must be sponsored before sitting for the state
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exam. The agent must then work only for that company.
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D. There is no requirement to be appointed as long the agent
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has passed the state exam .
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A. Misrepresentation - CORRECT ANSWERS ✔✔When a company
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advertises information that was intentionally false, this is know
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as :
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A. Misrepresentation
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