Unit 1: General Information

Once license, you have how long to obtain an appointment? A) 48 months B) 24 months C) 30 days D) 90 days

A

The Department of Financial Services performs the following, EXCEPT: A) Pays insurance claims B) Issues licenses to agents and adjusters C) Provides regulatory oversight D) Provides consumer assistance on insurance related concerns

A - They do not pay insurance claims.

Which of the following is NOT a duty of the Office of Insurance Regulation? A) Approve submitted policy forms B) Submit rate filings and underwriting rules for approval C) Perform Market Conduct Examinations D) Issue Certificates of Authority to insurers

B - Rates and underwriting rules vary from company to company

Which of the following is NOT a required qualification for a General Lines Agent: A) At least 18 years old B) United States Citizen or Legal Alien C) Bona Fide resident of the state of Florida D) Seeking the license only to write controlled business

D - They are not to write controlled business.

The Florida Surplus Service Lines Office (FSLSO) was created to: A) Approve rates and forms for the surplus lines industry B) Write automobile insurance C) Write homeowners insurance D) Oversee the surplus lines industry in the state

D - They are the oversight for the surplus industry