Name: 
 

Law & Ethics Update - Chapter 2 Review



Multiple Choice
Identify the choice that best completes the statement or answers the question.
 

 1. 

Which of the following does NOT sit on Florida’s Financial Services Commission:
 
a.
Commissioner of the Office of Insurance Regulation
b.
Governor
c.
Chief Financial Officer
d.
Agricultural Commissioner  
 

 2. 

If an agent changes his or her residence address, he or she must notify the Department of Financial Services within:
a.
30 days
b.
60 days
c.
90 days
d.
a change of address does not require notification
 

 3. 

The licenses of insurance agencies:
a.
Do not exist. Only agency registrations exist.
b.
Do not expire
c.
Are valid for a 4 year period
d.
Are valid for a 5 year period
 

 4. 

To apply for a life license in Florida you must be:
 
a.
18 years of age
b.
a Florida resident
c.
A United States Citizen or legal alien with a work visa
d.
All of the above
 

 5. 

An appointment continues in force, but is subject to a renewal request filed by the appointing entity every:
a.
24 Months
b.
4 Years
c.
5 Years
d.
no renewal request is necessary
 

 6. 

Which is NOT a duty of the Office of Insurance Regulation?
a.
issuing licenses to insurance companies
b.
enacting statutes regarding insurance activities
c.
setting premium levels for insurance companies
d.
supervising and enforcing insurance laws
 

 7. 

The department will not issue a license to an individual unless:
a.
written application is filed with the department
b.
a nonrefundable, prepayment is made for applicable fees
c.
an applicant for a license must submit a set of fingerprints
d.
all of the above
 

 8. 

The solicitation of insurance is the attempt to persuade any person to purchase an insurance product by:
a.
making general or specific recommendations as to insurance products.
b.
representing themselves as a graduate of the American College
c.
discussing long-term care with seniors at a nursing home.
d.
having a bumper sticker on a private auto advertising an insurer or AAA.
 

 9. 

A person holding a 2-16 Florida Life license can sell the following products:
a.
all life insurance products
b.
long term care insurance
c.
disability insurance
d.
All of the above
 



 
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