Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Following policy expiration, an agent must retain
records for at least:
a. | 5 years | b. | 3 years | c. | 2
years | d. | 1 year |
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2.
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Under the Florida Information Protection Act of
2014 (FIPA), breaches must be reported to the Florida Department of Legal Affairs
within:
a. | 24 hours | b. | 30 days | c. | 45
days | d. | 90 days |
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3.
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The AGENT IN CHARGE must be licensed in
a. | no lines. | b. | at least one line that the location handles. | c. | at least 2 lines that the location handles. | d. | every line that the location handles. |
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4.
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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 |
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5.
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In 2002, the State of Florida merged the Department
of Insurance, Treasury, State Fire MArshall and the Department of Finance into what is now
called:
a. | Department of Children and Family
Services | b. | Department Of Financial
Services | c. | Department of Business and Professonal
Regulation | d. | Commission on
Insurance and Finance |
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6.
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A Loss runs statement includes:
a. | the paid losses on all claims | b. | investigation reports | c. | insureds’
statements | d. | documents protectd
by a common law or statutory privilege |
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