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Florida 2-20 General Lines Agent 29th Edition – Questions & Answers
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Florida 2-20 General Lines Agent 29th Edition – Questions & Answers
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Florida 2-20 General Lines Agent 29th Edition –Questions & Answers
Chief Financial Officer ✔️Ans - head of department and regulates insurance
agents, insurance fraud, insolvent and impaired insurers, and insurance
insurance consumer protection
Division of Agent and Agency Services ✔️Ans - approve the issuance of
licenses to agents and claims adjusters after having satisfied itself that the
applicant is in good faith, qualified to write and service or adjust claims on
property and casualty insurance
Commissioner of the Office of Insurance Regulation ✔️Ans - administers
insurance company regulation, including licensing, rates, policy forms, market
conduct, claims, certificates of authority and solvency and appointed by the
financial services commissioner
Financial Services Comissioner ✔️Ans - administers banking and securities
regulation through the appointment of the Director of the Office of Financial
Regulation
Office of Insurance Regulation ✔️Ans - examine the qualification of insurance
companies seeking to do business in Florida and admitting such companies to
the state when they have met the necessary qualifications as well as
responsibility in the area of insurance policy forms, rules and rates.
The Office of Financial Regulation ✔️Ans - provides regulatory oversight to
Florida's financial services providers including banks, credit unions, finance
companies, and the securities industry
The Florida Surplus Lines Office ✔️Ans - oversees the surplus lines insurance
industry by reviewing all surplus lines insurance policies and documents,
maintain records of policies and report to the DFS, collect surplus lines taxes,
collect service fees, and train and educate Surplus lines agents
HO-2 ✔️Ans - (broad form): covers the dwelling, other structures, and
personal property on a named perils basis
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