Final Exam 214 /100% VERIFIED
Within how many days must a licensee notify the Department of Financial Services of a change in
address? - CORRECT ANSWER - 30
All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT..
- CORRECT ANSWER - An agent...
Final Exam 214 /100% VERIFIED
Within how many days must a licensee notify the Department of Financial Services of a change in
address? - CORRECT ANSWER - 30
All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT..
- CORRECT ANSWER - An agent's commission
Which of the following factors is NOT considered when the Department of Financial Services determines
if an agent's home is an insurance agency? - CORRECT ANSWER - The amount of premium collected at
this location
Florida requires that an insurance agent must complete ___ hours of continuing education on the
subject of law and ethics every two years. - CORRECT ANSWER - 5
Agents that have been licensed for less than six years must complete __ hours of continuing education
every two years. - CORRECT ANSWER - 24
A licensed agent must be appointed by an insurance company to solicit insurance in Florida. The agent's
license will terminate if a certain period of time elapses without being appointed. How long is this period
of time? - CORRECT ANSWER - 48 months
What is the maximum percentage of controlled business an agent may produce? - CORRECT ANSWER -
50%
A group plan was recently terminated. In Florida, how many days are covered individuals guaranteed
coverage after a group plan's termination? - CORRECT ANSWER - 31 days
The Financial Services Commission may hold hearings... - CORRECT ANSWER - For any reason deemed
necessary
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