FLORIDA LAWS AND RULES PERTINENT TO INSURANCE
CH. 8 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++
How many hours of continuing education must a newly licensed agent complete every two years
24
A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as
well as a(n)
broker dealer
Which of the following documents must an agent submit to the replacing insurance company during
the replacement of an existing life insurance policy?
Notice to existing and replacing insurers of intention to replace
Which of the following is considered to be misrepresentation?
An agent guaranteeing a policy's dividends
Florida's 14-day free-look period for life insurance policies begins at the
date of delivery
The Bureau of Unclaimed Property is overseen by the
Chief Financial Officer
, W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years later, the
company discovered W's true age at issue had been 59. What would the normal procedure be under
the misstatement of age provision in regard to the payment of the death claim?
The proceeds would be reduced based on whatever the premium would have been if purchased at age
59
An agent's license can be suspended or revoked by
writing primarily controlled business
An example of an unfair claims practice would be
failing to effectuate prompt, fair and equitable settlements of a claim
Florida requires that coverage for newborns begins "from the moment of birth" and continues for
18 months
In Florida, when agents recommend changes be made for existing coverage, the agent must follow
established procedures. The name of this rule is called the
Florida Replacement Rule
An applicant who pays the initial premium at the time of application is typically given a(n)
conditional receipt
How can an agent-in-charge have more than one location?
Only if the agent-in-charge is present when insurance activity occurs
The Florida Employee Health Care Access Act was established to make
group health insurance available to employers with up to 50 employees
CH. 8 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++
How many hours of continuing education must a newly licensed agent complete every two years
24
A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as
well as a(n)
broker dealer
Which of the following documents must an agent submit to the replacing insurance company during
the replacement of an existing life insurance policy?
Notice to existing and replacing insurers of intention to replace
Which of the following is considered to be misrepresentation?
An agent guaranteeing a policy's dividends
Florida's 14-day free-look period for life insurance policies begins at the
date of delivery
The Bureau of Unclaimed Property is overseen by the
Chief Financial Officer
, W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years later, the
company discovered W's true age at issue had been 59. What would the normal procedure be under
the misstatement of age provision in regard to the payment of the death claim?
The proceeds would be reduced based on whatever the premium would have been if purchased at age
59
An agent's license can be suspended or revoked by
writing primarily controlled business
An example of an unfair claims practice would be
failing to effectuate prompt, fair and equitable settlements of a claim
Florida requires that coverage for newborns begins "from the moment of birth" and continues for
18 months
In Florida, when agents recommend changes be made for existing coverage, the agent must follow
established procedures. The name of this rule is called the
Florida Replacement Rule
An applicant who pays the initial premium at the time of application is typically given a(n)
conditional receipt
How can an agent-in-charge have more than one location?
Only if the agent-in-charge is present when insurance activity occurs
The Florida Employee Health Care Access Act was established to make
group health insurance available to employers with up to 50 employees
