Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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What is
the best way to find if a company is authorized to conduct business in
Florida?
a. | Call you state representative | b. | the Active Company Search provided by the OIR | c. | contact the Better Business Bureau | d. | look it up on www.dice.com (MyProfile)
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2.
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Possible fines for an agent convicted of selling
coverage issued by an unauthorized insurer is:
a. | $1000 per violation | b. | Up to 1 year in prison $1,000 per violation | c. | Up to 5 years in prison and $5,000 | d. | $50,000 per violation |
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3.
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Any agent or insurer with knowledge of an
unlicensed insurer doing business in Florida:
a. | is not required to take any
action | b. | must contact their local law
enforcement | c. | must contact their
state law enforcement | d. | must report to
Florida Department of Financial Services |
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4.
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Insurance premium rates are set
by:
a. | the federal
government | b. | the
insurer | c. | the insurance agent | d. | the state |
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5.
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Which of the
following is NOT considered Military Installation to which service members are assigned to
duty? a. | barracks | b. | military club or organization | c. | transient housing | d. | family
quarters |
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6.
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“Suitability information” means
consumer information which is reasonably appropriate to determine the suitability of a recommendation
made to the consumer, including the following:
a. | age and annual income | b. | charitable contributions history | c. | political contribution history | d. | societal status |
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7.
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a. | Financial Industry Regulating
Annuities | b. | Florida Industry
Regulating Authority | c. | Financial
Insurance National Regulations Alliance | d. | Financial Industry
Regulatory Authority |
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8.
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Any person who violates a cease and desist order of
the department or office is subject to:
a. | a penalty of not more than
$5,000 | b. | a penalty of not more than
$10,000 | c. | a penalty of not more than
$25,000 | d. | a penalty of not more than
$50,000 |
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9.
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HB 29 waves the pre-licensing application fee for
which of the follwoing applicants?
a. | Seniors
| b. | Vulnerable persons | c. | Not-for-profits | d. | Military serve
members and their spouses |
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