FLORIDA LAWS AND RULES REVIEW
PRACTICE SCRIPT UPDATED 2026 TESTED
SOLUTIONS
⫸ the agent offers rebating to all the insureds in the same actuarial class.
Answer: In Florida, agents are allowed to engage in rebating if
⫸ 4 hours. Answer: Florida Resident insurance agents must complete __
hours of law and ethics continuing education every 2 years
⫸ Misrepresentation. Answer: Which fair Trade practice involves an
agent suggesting that an insurance policy is like a share of stock?
⫸ Risk management advisors. Answer: Who is NOT a legal entity for
selling life insurance in Florida?
⫸ Foreign Company. Answer: In Florida, an insurer licensed to conduct
business in Florida, but domiciled in NJ is called
⫸ Sharing commissions with an agent licensed in the same line of
business. Answer: What is NOT considered Rebating?
⫸ Coercion. Answer: J is an agent who recently told a claimant that his
rights might be impaired if he does not complete a release form within a
specified time.
, What could this agent be found guilty of?
⫸ Viatical Settlement provider. Answer: A life insurance policyowner
may sell their privacy to a __ in order to receive a percentage of the
policys face value
⫸ Failing to eff. Answer: An example of an unfair claims practice
would be
⫸ An existing policyh. Answer: What situation does NOT apply to the
Florida Replacement Rule?
⫸ 100%. Answer: What percentage of eligible persons must a policy
cover in a noncontributory group?
⫸ Life and Variable Contracts. Answer: If an agent would like to sell
variable annuities, which state examinations must the agent pass?
⫸ 2 years. Answer: In Florida, most life insurance policies have a
contestability period of
⫸ 30 days. Answer: How many days must a licensee notify the
department of financial services of a change in address
⫸ An agent guaranteeing policy dividends. Answer: What could be
considered a misrepresentation?
PRACTICE SCRIPT UPDATED 2026 TESTED
SOLUTIONS
⫸ the agent offers rebating to all the insureds in the same actuarial class.
Answer: In Florida, agents are allowed to engage in rebating if
⫸ 4 hours. Answer: Florida Resident insurance agents must complete __
hours of law and ethics continuing education every 2 years
⫸ Misrepresentation. Answer: Which fair Trade practice involves an
agent suggesting that an insurance policy is like a share of stock?
⫸ Risk management advisors. Answer: Who is NOT a legal entity for
selling life insurance in Florida?
⫸ Foreign Company. Answer: In Florida, an insurer licensed to conduct
business in Florida, but domiciled in NJ is called
⫸ Sharing commissions with an agent licensed in the same line of
business. Answer: What is NOT considered Rebating?
⫸ Coercion. Answer: J is an agent who recently told a claimant that his
rights might be impaired if he does not complete a release form within a
specified time.
, What could this agent be found guilty of?
⫸ Viatical Settlement provider. Answer: A life insurance policyowner
may sell their privacy to a __ in order to receive a percentage of the
policys face value
⫸ Failing to eff. Answer: An example of an unfair claims practice
would be
⫸ An existing policyh. Answer: What situation does NOT apply to the
Florida Replacement Rule?
⫸ 100%. Answer: What percentage of eligible persons must a policy
cover in a noncontributory group?
⫸ Life and Variable Contracts. Answer: If an agent would like to sell
variable annuities, which state examinations must the agent pass?
⫸ 2 years. Answer: In Florida, most life insurance policies have a
contestability period of
⫸ 30 days. Answer: How many days must a licensee notify the
department of financial services of a change in address
⫸ An agent guaranteeing policy dividends. Answer: What could be
considered a misrepresentation?
