Chapter Five
A license life agent must complete how many hours of continuing education every two years?
24 hours
If a licensee changes, his or her residence address, within how many days must the department be notified?
30 days
Every licensing., A life insurance agent must complete how many hours of continuing education on law and ethics?
4 hours
In the state of Florida, a licensee's commission from controlled business in any given year may not exceed what percentage of the total commission?
50%
A temporary license is normally...
6 months
What is true regarding the agents appointments?
A person may hold several appointments at one time
What person is required to hold an agents license in the state?
A salaried employee who advertises and solicits insurance
An agent cannot receive a commission from an insurance company without what?
An appointment with the company
If an insurance company makes a statement that it's policies are guaranteed by the existence of the insurance guaranty association, that would be considered...
An unfair trade practice
An agent who deliberately make some Elissa statement about another insurance company, is guilty of an illegal trade practice called....
Defamation
An insurance company that is formed under the laws of another state is known as which type of insurer?
Foreign
The operating objective of a stock insurance company is...
Fraternal benefit society
What is the type of discrimination that would be considered legal?
In benefits on the basis of difference, life expectancy
What type of policies do mutual company is usually sell?
Participating
The operating objective of a stock insurance company is....
Profit for stockholders
An agent who offers a cash reward to a prospect for buying a policy is guilty of...
Rebating
The department of financial services is not responsible for...
Setting premium rates
An agents license our appointment, May not be suspended or revoked for the following reason...
Sharon commissions with another agent
If the department issue is a cease and desist order, that means the insurer must...
Stop committing a particular violation
What is not an unfair claims settlement practice?
Suggesting negotiations and settling the claim
Who pays the agents appointment fees?
The insurer
Who does not administer insurance laws in Florida?
The national Association of insurance commissioners
What entity is responsible for agent, licensing, and administrative supervision?
The office of insurance regulation
An insurance agent would not be guilty as miss representation of the agent made the following statement...
These insurance companies and policies differ in their features and benefits
Which type of misrepresentation persuades an insured, to his, or her detriment, to cancel, lapse, or switch policies from one to another?
Twisting