iLaw-214 (CE) 2025 Final

When is the Chief Financial Officer declared the CONSERVATOR over an insurer?  – [iQ.1]

How many days do licensees have to respond to an official DFS Investigative request for information?

Sara is an insurance broker from Texas with Non-Resident Authorization from Florida’s Department of Financial S She permanently moves to Florida.  How long does she have to change her non-resident authorization to a resident licensee?

Jeff is an Authorized Insurance Broker from Orlando Florida. He decides to permanently move to Miami Florida. How long does Jeff have to notify the Department of Financial Services of his move? 

Florida’s Chief Financial Officer is the head of,

Office of INSURANCE Regulation (OIR) is responsible for,

Which of the following statements pertaining Florida’s DFS Division of Investigative and Forensic Services is correct?

Department of Financial Services (DFS),

Which state regulatory entity has sworn law enforcement officers and performs fire and arson investigations.

Which entity evaluates the financial solvency of an insurer to ensure they’re capable of paying claims?

Statements made by insurance applicants which are guaranteed to be true are called,

Who are insurer appointment fees paid too?

What is the penalty for an agent who intentionally conducts the business of insurance without proper authorization?

When licensees receive a consumer complaint from the Department of Financial Services, how long do they have to respond?

Which regulatory entity is responsible for helping consumers with insolvent insurers?

Which of the following is NOT a regulatory responsibility of Florida’s Office of Insurance Regulations?

An insurer is declared INSOLVENT. Which of the following steps is NOT a part of the insolvency process?

Which entity has investigators authorized to Detain suspects?

Florida’s DFS Division of Consumer Services has the authority to,

Which of the following entities is responsible for regulating the forms insurers provide to policy owners?

Which of the following entities is responsible for overseeing Florida’s insurers, banks and lending institutions?

Which of the following entities is responsible for regulating securities and financial products offered by banks and lending institutions?

Which keyword identifies the Chief Financial Officer’s Authority to investigate insurance crimes outside of Florida?

What is a Representation?

What is an Un-Affiliated Insurance Agent?

Which regulatory entity are insurer appointment fees paid too?

How much notice are insurers required to give licensee if, they intend on terminating their appointment?

How long are insurance licensees required to keep paperwork pertaining the policies they’ve sold?

What happens if a licensee fails to do Continuing Education by the end of their compliance period?

Jethro is an insurance agent. He is moving out of state and wants to transfer his DFS In surer Appointments to his friend Carl.  He asked you for help.  How would you advise him?

A regularly scheduled Office of Insurance Regulations audit identifies an insurer in financial distress. The insurer should be able to correct their operational problems.  Which of the following best describes this insurer?

The National Association of Insurance and Financial Advisors (NAIFA) provided the content for the Florida pre-licensing handbook and outlined consumer protections pertaining to,

What is a Fiduciary?

Professional introductions identify the “Who” & “What” aspects of the conversation. A proper Agent / Broker introduction identifies the following,

Carl is an insurance agent. To pump up sales he runs a marketing campaign promising a $250 gift card to anyone who purchases a policy before the end of the month.  This type of marketing is,

Sliding occurs when, 

The Fair Credit Reporting Act was adopted in 1970 to,

Which of the following historical court cases determined the business of insurance was best regulated at the state level?

The Patriot Act was adopted to help,

Which state entity is responsible for returning Unclaimed Property to Floridians?

How many hours of Continuing Education must a newly licensed agent complete each compliance period?

Kelli is a licensed insurance broker. She’s been licensed and appointed for 10 years. This Continuing Education compliance period, how many hours of Continuing Education must Kelli complete?

Someone who conducts the business of insurance without obtaining Authorization is considered an,

Which of the following identifies a Morale Hazard?

A Moral Hazard is when,

Which of the following is NOT a realistic strategy for mitigating risk?

Which of the following entities has NOTHING to do with regulating the business of insurance in Florida?

Florida’s Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture are MEMBERS of,

Unlicensed Insurance Agency Employees are permitted to,

When insurers can no longer meet their financial obligations to policy-owners,  they’re deemed,

Daniel is a licensed and authorized insurance agent. During a routine traffic stop, Daniel was arrested for felony possession of a “Controlled Substance” without a prescription. Which of the following is correct? 

Which entity oversees the Accounts Receivable (AND) Claims Payable for insolvent domestic insurer?

Which of the following best identifies a person who’s been convected of a felony?

Spreading harmful-untrue rumors about an individual or entity is called,

A regularly scheduled audit identifies a domestic insurer in financial distress. The insurer should be able to correct their operational problems.  Which of the following best describes the CFO’s role in protecting policy-owners and beneficiaries from this insurer?