Exam (elaborations)
220 EXAM - FLORIDA STATUTES exam review questions and answers
- Course
- Institution
220 EXAM - FLORIDA STATUTES exam review questions and answers
[Show more]
Content preview
220 EXAM - FLORIDA STATUTES examreview questions and answers
All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state - correct answer ✅D. Soliciting
insurance in other areas of the state
How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months - correct answer ✅B. 6 months
Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer
D. A real estate agent - correct answer ✅A. A non-resident agent
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅B. Coercion
Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅C. Twisting
Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion - correct answer ✅C. Sliding
An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅C. Domestic
An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅A. Foreign
An insurance company formed in Zurich, Switzerland is called:
, 220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅B. Alien
An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
D. A captive insurance company - correct answer ✅B. An authorized insurance
company
All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business - correct answer ✅D. Underwriting new business
Which of the following is not a type of insurance that can be transacted
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Travelnurse691. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now