Chapter Exam 10: Florida Laws and
Rules questions and answers
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - ANSWER>>Monthly
Under which circumstance may a licensed agent in Florida represent an unauthorized entity? -
ANSWER>>Never
Which department oversees 'Market Conduct Examinations' in Florida? - ANSWER>>Office of
Insurance Regulation
Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
- ANSWER>>Projection of the policy's future costs
According to Florida law, which of the following statements accurately describes an admitted
mail order insurance company? - ANSWER>>It may solicit business by mail without the
assistance of a licensed agent
Insurance companies that are organized in countries outside the United States are referred to
as - ANSWER>>Alien
The Department of Financial Services serves as the receiver of any insurer placed into: -
ANSWER>>Receivership
The act of an insurance company publishing misleading information about its policy's provisions
is called - ANSWER>>False advertising
Association Plans that are designed to provide health benefits to their members are regulated
by the state because - ANSWER>>They are insured by an authorized insurer
Who is a mutual insurance company owned by? - ANSWER>>Its policyholders
The Bureau of Unclaimed Property is overseen by the - ANSWER>>Chief Financial Officer
Which of the following acts is an agent NOT authorized to do on behalf of an insurer? -
ANSWER>>Authorize claim payments
Rules questions and answers
Under an Individual Disability policy in Florida, what is the minimum schedule of time in which
claims must be made to an insured? - ANSWER>>Monthly
Under which circumstance may a licensed agent in Florida represent an unauthorized entity? -
ANSWER>>Never
Which department oversees 'Market Conduct Examinations' in Florida? - ANSWER>>Office of
Insurance Regulation
Which of the following is NOT required in the Outline of Coverage for a health insurance policy?
- ANSWER>>Projection of the policy's future costs
According to Florida law, which of the following statements accurately describes an admitted
mail order insurance company? - ANSWER>>It may solicit business by mail without the
assistance of a licensed agent
Insurance companies that are organized in countries outside the United States are referred to
as - ANSWER>>Alien
The Department of Financial Services serves as the receiver of any insurer placed into: -
ANSWER>>Receivership
The act of an insurance company publishing misleading information about its policy's provisions
is called - ANSWER>>False advertising
Association Plans that are designed to provide health benefits to their members are regulated
by the state because - ANSWER>>They are insured by an authorized insurer
Who is a mutual insurance company owned by? - ANSWER>>Its policyholders
The Bureau of Unclaimed Property is overseen by the - ANSWER>>Chief Financial Officer
Which of the following acts is an agent NOT authorized to do on behalf of an insurer? -
ANSWER>>Authorize claim payments
