Unit Nine - Licensing and License Requirements Exam Questions and Answers with Complete Solutions

Unauthorized entities present a regulatory concern because they have the potential for __________ claims. - Unauthorized entities present a regulatory concern because they have the potential for unpaid claims. True or False? Willfully over insuring a health or property policy can be grounds for terminating an insurance license. - True. Willfully over insuring a health or property policy can be grounds for terminating an insurance license. The following are required to be on an application of insurance: insurer name, agent name, and agent _____________ number. - The following are required to be on an application of insurance: insurer name, agent name, and agent license number. True or False? Florida law requires General Lines Agents to be licensed but not agencies. - False. Florida law requires General Lines Agents and agencies to be licensed. True or False? A customer representative may only perform customer representative duties as to the specific general lines insurance products which their supervising, General Lines Agent, is actually then appointed by an insurer to handle. - True. A customer representative may only perform customer representative duties as to the specific general lines insurance products which their supervising, General Lines Agent, is actually then appointed by an insurer to handle. True or False? Florida statute encourage rebating and no conditions apply. - False. Florida statutes prohibit rebating without conditions.