Florida 214 license - Study guides, Class notes & Summaries

214 Florida License Test | 100% Correct Answers | Verified | Latest 2024 Version Which of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Dividends payable to a policyowner are: - Declared by the insurance company. At what point does an informal agreement become a binding con...

Continuing EDU 214 Study Questions with Correct Answers 100% Verified and Graded A+ Which division of the Department of Financial Services (Department or DFS) regulates the licensing of individuals and entities that transact insurance? - Correct Answer The Division of Agent and Agency Services The Financial Service Commission oversees - Correct Answer both offices Any person who knowingly transacts insurance in the state of Florida without being duly licensed will be considered guilty of...

Which of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Dividends payable to a policyowner are: - Declared by the insurance company. At what point does an informal agreement become a binding contract? - When consideration is provided by one of the parties to the contract Whe...

Which of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Dividends payable to a policyowner are: - Declared by the insurance company. At what point does an informal agreement become a binding contract? - When consideration is provided by one of the parties to the contract Whe...

Which of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Dividends payable to a policyowner are: - Declared by the insurance company. At what point does an informal agreement become a binding contract? - When consideration is provided by one of the parties to the contract Whe...