Florida Life and Health Insurance update

Florida Life and Health Insurance
1. Within how many days must a licensee notify the Department of Financial Services of a
change in address?
Answer: 30
2. All of the following entries are classified under the four principal areas ofFlorida insurance
law EXCEPT...
Answer: An agent's commission
3. Which of the following factors is NOT considered when the Department of Financial
Services determines if an agent's home is an insurance agency?
Answer: -The amount of premium collected at this location
4. Florida requires that an insurance agent must complete hours of continuing education on
the subject of law and ethics every two years
Answer: 5
5. Agents that have been licensed for less than six years must complete hours of
continuing education every two years
Answer: 24
6. A licensed agent must be appointed by an insurance company to solicit insurance in
Florida.The agent's license will terminate if a certain period oftime elapses without being
appointed. How long is this period of time?
Answer: 48
7. What is the maximum percentage of controlled business an agent mayproduce?
Answer: 50%
8. A group plan wasrecently terminated.In Florida how many days are coveredindividuals
coverage after a group plan's termination?
Answer: 31 days
9. The Financial Services Commision may hold hearings...
Answer: For any reasondeemed necessary
10. In Florida, an insurer domiciled and incorpo in this state is called...
Answer: -Domestic company
11. According to Florida law, which of the following statements accurately describes an
admitted mail order insurance company?
Answer: It may solicit insurancebusiness by mail only without the assistance of a licensed
Florida agent