Name: 
 

Law & Ethics Update - Chapter 3 Review



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

 1. 

E-Deliveries of policies allows the following:
 
a.
authorizes an insurer to electronically transmit a policy to the insured
b.
provides an exception to electronic transmisson for specified policies
c.
requires a paper copy of the policy to be provided upon request
d.
all of the above
 

 2. 

The purpose of Senate Bill 166, enacted in 2013 is to:
 
a.
provide annuity protections for senior consumers in Florida
b.
extend existing protections to annuity purchasers of any age in Florida
c.
create new licensing requirements for agents selling annuities in Florida
d.
extend FINRA jurisdiction over annuity-related transactions in Florida
 

 3. 

If a domestic life insurer becomes financially insolvent, the failed insurer's obligations will be fulfilled by Florida’s:
 
a.
Department of Financial Services
b.
Consumer Assistance Plan
c.
Life & Health Guaranty Association
d.
Office of Insurance Regulation
 

 4. 

The Unconditional Refund Period for all purchasers of fixed and variable annuities to:
a.
7 Days
b.
10 Days
c.
14 Days
d.
21 Days
 

 5. 

Amendments to medical services and supplies and penalties for violations were passed by SB662 and applies to:
a.
nursing homes
b.
Workers’ Compensation
c.
annuities
d.
e-cigarettes
 

 6. 

HB1223 authorizes a civil penilty for a person who willfully uses a deceptive or unfair trade act or practice against which of the following:      
a.
seniors
b.
military service members and family
c.
not-for-profits
d.
vulnerable persons
 



 
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