Multiple Choice
Identify
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1.
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The Department will revoke an agent's license
for a line of insurance if the agent remains unappointed for that line for more than:
a. | 24 months | b. | 36 months | c. | 48
months | d. | 60 months |
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2.
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Agents must retain records of any rebating
schedules for at least:
a. | 1 year | b. | 2 years | c. | 3
years | d. | 5 years |
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3.
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Which of the following issue certificates of
authority to insurers with operations in Florida?
a. | Department of Financial
Services | b. | Department of Insurance | c. | Office of Insurance Regulation | d. | none of the above |
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4.
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In addition to possible fines and possible
incarceration, agents who solicit, negotiate or sell coverage issued by an unauthorized insurer
face:
a. | revocation of all insurance
licenses | b. | civil liability for all unpaid claims
| c. | suspension of all insurance
licenses | d. | all of the above |
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5.
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Under current Florida law, an agent convicted of
selling coverage issued by an authorized insurer is guilty of:
a. | a second degree misdemeanor | b. | a third degree felony | c. | a first degree
misdemeanor | d. | a third degree
misdemeanor |
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6.
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A violation of Florida law known as sliding
involves:
a. | misrepresenting the terms of the
policy | b. | the sale of ancillary products without the client's
knowledge | c. | gifts in excess of $25 | d. | none of the above |
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7.
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What mandatory continuing education topics must a
Florida-licensed property/casualty agent complete every two years?
a. | 1 credit in Hurricane Premium Discounts | b. | 3 credits in
Ethics | c. | 3 credits in Senior Suitability | d. | a and b only |
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8.
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Agents must retain records of any premiums they
collect for at least:
a. | 1 year | b. | 2 years | c. | 3
years | d. | 5 years |
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9.
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Agents must notify the Department of Financial
Services of changes to their contact information (physical addresses, email, and phone number) no
later than ____ days after the change.
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10.
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Which of the following license insurance agents in
Florida?
a. | Office of Insurance
Regulation | b. | Department of
Insurance | c. | Department of Financial
Services | d. | none of the above |
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