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If your client was looking to “Fully Insure” the value of easily moved/transported items such as jewelry or electronics, they would need what type of insurance policy?
If you needed to obtain insurance on your horse, saddle, and contents of the saddle bag, what type of insurance would you purchase?
If your client is interested in protecting themselves from the economic responsibility associated with the injury, disability, or death of another person they’re looking for what type of insurance?
Homeowners and Residential Hurricane Insurances are both types of,
General Lines Agents represent a huge catalog of potential offerings. Which of the following combinations of insurance strategies represent the 2-20 scope of appointment?
Jethro is an insurance agent. He is moving out of state and wants to transfer his Insurer Appointments to his friend. He asked you for advice. How would you advise him?
Which of the following regulatory entities is responsible for auditing the financial soundness of insurers and ensuring the rates Floridians pay for coverage is fair?
Carl is an insurance agent. He recently managed to get out of a DUI however, he didn’t complete his Continuing Education on time. How long can Carl continue neglect CE Compliance requirements before the DFS Terminates his license?
Which state entity is responsible for returning Unclaimed Property to Floridians?
Which of the following entities is responsible for overseeing Florida’s Insurers, Banks, and Lenders?
How many hours of continuing education must newly licensed agents to complete each compliance period?
The Patriot Act was adopted in 2001 to help,
Which of the following entities regulates Securities, Lenders and the Variable investment strategies used with Variable Life Insurance and Annuity contracts?
A regularly scheduled audit by the Office of Insurance Regulations identifies an insurer in financial distress. The OIR believes the insurer should be able to correct their operational problems. Which of the following best describes this insurer?
Kelli is a licensed insurance agent. She’s been licensed and appointed for 10-Years. This CE compliance period, how many hours of CE must Kelli complete?
The term “Compliance Date” refers to;
WHAT is the penalty for violating a Cease-and-Desist Order while it’s in effect?
The OIR declares a domestic insurer INSOLVENT. Which of the following best describes one of the next step in this process?
Which of the following entities host consumer resources like, Fraud Free Florida and On Guard for Seniors?
Which of the two (2) entities below are responsible for the actions of both licensed and un-licensed employees?
Assume you were notified by the Division of Customer Service about a consumer complaint. How many days do you have to respond to the complaint?
When an insurer can no longer meet their financial obligations, they are deemed an,
Someone who conducts the business of insurance without obtaining the proper Authorization from the Department of Financial Services is considered an,
How many days do licensees have to respond to an Official DFS Investigative request for information?
Which of the following entities evaluates the financial solvency of an insurer to ensure they’re capable of paying claims?
How many days does a licensee have to respond to an Official Department of Financial Services request for information?
The National Association of Insurance and Financial Advisors (NAIFA) provided the content for the Official Florida Pre-Licensing Manual and outline for consumer protections pertaining to,
A Morale Hazard is when,
Sara is an insurance agent from Texas with non-resident authorization from the Florida Department of Financial Services. Sara decides to permanently move to Florida. How long does she have to notify the Department before her appointments are terminated?
A statement made by the insurance applicant which is GUARANTEED to be TRUE is called a;
The responsibilities of the State Fire Marshal belong to;
What do Rating Services rate?
A Moral Hazard is when
The Chief Financial Officer is the head of the,
Spreading harmful rumors about another individual or entity is an Unfair Business Practice referred to as;
The Florida CFO has the Authority to investigate violations and impose fines beyond Florida state lines. This ability is called,
What is a Fiduciary?
Which of the following is not a realistic strategy for avoiding risk?
The Department of Financial Services was created in 1998 to;
Tom’s family owns a trucking company. Tom gets an insurance license to manage the policies associated with the family business. If Tom never sells policies to anyone outside of the trucking company, he be guilty of,
Sara is the Agent In Charge (AIC) of a the “ABC Insurance Agency”. She resigns today. ABC does not appoint a new Agent in Charge. How long does ABC Insurance Agency have before the Department of Financial Services revokes their agency license?
A professional introduction identifies the “Who” and “What” aspects of the conversation. A proper Agent introduction identifies the following,
Which of the following entities has nothing to do with the business of insurance?
The Office of Insurance Regulation (OIR) is responsible for,
The Department of Financial Services contains 13 different divisions. Six deal directly with the business of insurance. Which division is responsible for helping consumers with questions, concerns, and complaints?
What is a Representation and who does it pertain too? Representations are,
Carl is an insurance agent. To pump up sales he runs a marketing campaign that promises a $250 gift card to anyone who purchases a policy before the end of the month. This type of marketing is,
Florida’s Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture are MEMBERS of which regulatory entity?
The Division of Investigative and Forensic Services,
When an agent receives a request for information from the Division of Customer Service, how long do they have to respond?
Carl is a licensed insurance agent in Florida. Last Saturday, Carl was pulled over at a checkpoint and arrested for DUI. Which of the following best describes Carl’s responsibility to report the incident?
Sliding occurs when,
Which term best refers to; documents, writings, computer memory or microfilm that the Department may request at any time?
Which of the following describes the Authority of a Process Agent?
What is an Un-Affiliated Insurance Agent?
What is the penalty for being an Un-Authorized Property Adjuster?
Appointment renewal notifications are typically;
The Florida Financial Services Commission is comprised of,
Jessie decides to work with a local insurance agency. The insurance agency starts by appointing Jessie to their 5 main insurers. Who incurs the appointment fee?
The Fair Credit Reporting Act was adopted in 1970 to,
Who is responsible for paying Appointment Fees to the Department of Financial Services?
Which of the following is NOT one of the regulatory responsibilities of the Office of Insurance Regulations?
Which regulatory entity are agent appointment fees paid too?
According to the Fair Credit Reporting Act, consumers have the right to all the following except,
What is the penalty for an agent who intentionally conducts the business of insurance without proper authorization?
Which of the following entities has investigators who are sworn law enforcement with the authority to detain suspects?
How much notice are insurers required to give the agent if, they intend on terminating the agent’s appointment?
Which of the following historical court cases determined the business of insurance despite being subject to certain Federal laws was best regulated at the state level?
Which entity acts as the criminal justice agency for the Florida Insurance Marketplaces and includes the Bureau of Fire and Arson Investigations
The Division of Customer Service has the authority to,
How long are insurance agents required to keep relevant paperwork pertaining to the policies they have sold?
The Patriot Act was adopted in 2001 to primarily help,