Florida law and regulations
.______must exist at the inception of the policy but not required for later - ANSWER-Insurance interest
.A basic insurance policy in Florida May only be delivered and approved until when? - ANSWER-Has been
filed by the office And has been approved by the office.
.A licensee must complete how many hours to keep their license? - ANSWER-24 hours every 2 years.
.A licensee who has been licensed for more than 6 years must complete _____minimum of how many
hours of elective continuing education every ____ years - ANSWER-20 hours every 2 years 5 hours have
to be in law and ethics. If an agent is in annuities than must complete 3 hours of annuities.
.All insurance companies in Florida must have how many license agents - ANSWER-One known as the
agent of record
.An immediate annuity makes its first benefit payment one payment intervals when? - ANSWER-From
the date of purchase. It's not immediately
.Both Medicare and Medicaid were added to the Social Security program in...and took effect in... -
ANSWER-1965 and 1966
.Companies that write one or more of insurance are known as what? - ANSWER-Multi line insurer
.Each filing of the OIR must be made when? - ANSWER-AT LEAST 30 days in advance of any such use or
delivery
.Each licensee must complete a _______ law and ethics course - ANSWER-5 hour ever 2 years
.Free look days is - ANSWER--14 days for life- 14 days for annuities- 10 days for health-30 days for LTC-30
days for Med supplements
, .He term used to describe increasing charges in premium payments for term policies is known as what? -
ANSWER-Step-rate
.I licensee must notify the department in writing within ______days after a change of name, residence
address, principle business street adddress bus. #, or email address - ANSWER-30 days
.In Florida to reissue your license the application fee is - ANSWER-$0 no fee in FLORIDA
.In Florida who functions as brokers - ANSWER-The agents
.Insurance companies by statue have how many days to respond to the department once a consumer
compliant has been filed - ANSWER-20 days
.Is a stock company is doing both par and non par it is considered a what? - ANSWER-"The Mixed plan"
.Mutual funds and common stocks are known as - ANSWER-Equity investment
.New appointments or appointments being continued for natural persons expire when? - ANSWER-24
months later on the last day of the licensees birth month and shall be subject to renewal at that time by
the entity for which they are appointed.
.On employer sponsored group plan how much for the employee does not need to report the employer
paid premium - ANSWER-Up to $50,000 in coverage
.On top of the 24 hours every two years to keep your license, you also have to take how many hours
every 2 years for their biennial - ANSWER-5 hours also
.People who buy life insurance is called what? - ANSWER-Policy owners not policy holders
.Privacy in consumers are protected in 3 ways - ANSWER-HIPPA, Financial Service Modernization Act,
and the Fair Credit Report
.______must exist at the inception of the policy but not required for later - ANSWER-Insurance interest
.A basic insurance policy in Florida May only be delivered and approved until when? - ANSWER-Has been
filed by the office And has been approved by the office.
.A licensee must complete how many hours to keep their license? - ANSWER-24 hours every 2 years.
.A licensee who has been licensed for more than 6 years must complete _____minimum of how many
hours of elective continuing education every ____ years - ANSWER-20 hours every 2 years 5 hours have
to be in law and ethics. If an agent is in annuities than must complete 3 hours of annuities.
.All insurance companies in Florida must have how many license agents - ANSWER-One known as the
agent of record
.An immediate annuity makes its first benefit payment one payment intervals when? - ANSWER-From
the date of purchase. It's not immediately
.Both Medicare and Medicaid were added to the Social Security program in...and took effect in... -
ANSWER-1965 and 1966
.Companies that write one or more of insurance are known as what? - ANSWER-Multi line insurer
.Each filing of the OIR must be made when? - ANSWER-AT LEAST 30 days in advance of any such use or
delivery
.Each licensee must complete a _______ law and ethics course - ANSWER-5 hour ever 2 years
.Free look days is - ANSWER--14 days for life- 14 days for annuities- 10 days for health-30 days for LTC-30
days for Med supplements
, .He term used to describe increasing charges in premium payments for term policies is known as what? -
ANSWER-Step-rate
.I licensee must notify the department in writing within ______days after a change of name, residence
address, principle business street adddress bus. #, or email address - ANSWER-30 days
.In Florida to reissue your license the application fee is - ANSWER-$0 no fee in FLORIDA
.In Florida who functions as brokers - ANSWER-The agents
.Insurance companies by statue have how many days to respond to the department once a consumer
compliant has been filed - ANSWER-20 days
.Is a stock company is doing both par and non par it is considered a what? - ANSWER-"The Mixed plan"
.Mutual funds and common stocks are known as - ANSWER-Equity investment
.New appointments or appointments being continued for natural persons expire when? - ANSWER-24
months later on the last day of the licensees birth month and shall be subject to renewal at that time by
the entity for which they are appointed.
.On employer sponsored group plan how much for the employee does not need to report the employer
paid premium - ANSWER-Up to $50,000 in coverage
.On top of the 24 hours every two years to keep your license, you also have to take how many hours
every 2 years for their biennial - ANSWER-5 hours also
.People who buy life insurance is called what? - ANSWER-Policy owners not policy holders
.Privacy in consumers are protected in 3 ways - ANSWER-HIPPA, Financial Service Modernization Act,
and the Fair Credit Report
