Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Which of the following does NOT sit on
Florida’s Financial Services Commission:
a. | Commissioner of the Office of Insurance
Regulation | b. | Governor | c. | Chief Financial
Officer | d. | Agricultural Commissioner
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2.
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If an agent changes his or her residence address,
he or she must notify the Department of Financial Services within:
a. | 30 days | b. | 60 days | c. | 90
days | d. | a change of address does not require
notification |
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3.
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The licenses of insurance
agencies:
a. | Do not exist. Only agency registrations
exist. | b. | Do not expire | c. | Are valid for a 4 year period | d. | Are valid for a 5 year period |
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4.
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To apply for a life license in Florida, which of
the following is not a requirement?
a. | 18 years of age | b. | a Florida resident | c. | A United States
Citizen or legal alien with a work visa | d. | At Least 21 years
of age |
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5.
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An appointment continues in force, but is subject
to a renewal request filed by the appointing entity every:
a. | 24 Months | b. | 4 Years | c. | 5
Years | d. | no renewal request is
necessary |
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6.
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Which is NOT a duty of the Office of Insurance
Regulation?
a. | issuing licenses to insurance companies
| b. | enacting statutes regarding insurance activities
| c. | setting premium levels for insurance companies
| d. | supervising and enforcing insurance laws
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7.
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The department will
not issue a license to an individual unless:
a. | written application is filed with the
department | b. | a nonrefundable,
prepayment is made for applicable fees | c. | an applicant for a
license must submit a set of fingerprints | d. | all of the
above |
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8.
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The solicitation of
insurance is the attempt to persuade any person to purchase an insurance product
by:
a. | making general or specific recommendations as to
insurance products. | b. | representing
themselves as a graduate of the American College | c. | discussing long-term care with seniors at a nursing home.
| d. | having a bumper sticker on a private auto advertising an
insurer or AAA. |
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9.
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A person holding a
2-16 Florida Life license can sell the following products:
a. | all life insurance products | b. | long term care insurance | c. | disability
insurance | d. | annuities |
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