FL rules for all lines/ Primerica

In FL, licensee's commissions cannot exceed:

50%

The inclusion of the life and health guaranty association in an advertisement by an insurer is

Forbidden

When doing business an insurance company that is formed under laws of *another state* is known as a

Foreign insurer

All are general qualifications for an agents license EXCEPT

HS diploma

Which is NOT considered unfair discrimination by insurers?

Habits and lifestyle

In transactions, fiduciary responsibility means

Handling insurer funds in a trust capacity

Who is the Insurance Guaranty Association funded by?

Its members

Which of the following is NOT a misrepresentation as it pertains to unfair trade practices?

Making comparisons between different policies

All of the following are an insurance transaction EXCEPT

Obtaining an insurance license

What is the difference between stock and mutual companies?

Ownership (mutual = policyholder) (stock= stockholder)

Which is defamation?

Slander about another insurer

An applicant for an insurance agent's license must

Complete a pre licensing education course

The office of insurance regulation is responsible for

Policy forms, Premium financing, and Viatical settlements

No insurance policy form can be issued m, delivered, or used in this state unless it has been

Filed with and approved by the office of insurance regulation

Who is responsible for agent licensing and administrative supervision?

The Office of Insurance Regulation

A participating insurance policy may

Pay dividends to the policy owner

When an insurer terminates an agent's appointment, the insurer must do all of the following EXCEPT

Provide a 30-day advance notice to the commissioner