5 HOUR GENERAL LINES LAW AND ETHICS UPDATE 220 2024 FINAL EXAM (FL XXXXX) Copy

What is the title of the person or group that heads the Department of Financial Services and is responsible for overseeing the state’s finances, auditing functions and unclaimed property, auditing state agencies, collecting revenue, paying state bills, regulating cemeteries and funerals, and handling fires and arsons?

Which of the following the Bureau that is part of the Offices of Financial Regulation (OFR)?

Which of the following is one way an agent can have his or her insurance licenses suspended or revoked?

The code of ethics applies standards of conduct designed to avoid the commission of acts or the existence of circumstances which would constitute grounds for all of the following EXCEPT what?

An adjuster should treat all claimants how?

How must the name of a prospective insurer be displayed on the first page of an application form at the time the coverage is bound or premium is quoted?

What is an not an example of “other funds” an insurer could have a bank account for?

The passing of HB 959 by LaMarca makes employees of the _______ part of the State Group Insurance Program?

How many days after completion of a course does a person or entity that sponsors a course for continuing education credits have to furnish a roster showing the names and license numbers of those who had successfully completed the course?

In the Property Insurance passing of SB2D in the Special Session, what is created in the Reinsurance to Assist Policyholder (RAP) program to be administered by the State Board of Administration?

Policies usually apply to any kind of storm damage from a what type of event?

When is a licensee’s compliance date?

The respondent’s felony conviction constitutes grounds for revocation when?

Making any misleading representations or incomplete or fraudulent comparison of any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate, retain, or convert any insurance policy, or to take out a policy of insurance in another insurer is called ________________________.

The unethical practice of making, publishing or circulating any oral, written or printed statement which is false, or maliciously critical of or derogatory to the financial condition of any insurance company, or which is calculated to injure any person engaged in the business of life insurance is called what?

According to the Policyholders Bill of Rights, policyholders have all of the following rights, EXCEPT what?

Which of the follow is NOT one of the 13 divisions of the Department of Financial Services?

A licensed insurer or its agent is allowed to give gifts to insureds, prospective insureds, and others, for the purpose of advertising, any article of merchandise so long as its value does not exceed _______.

Representing to the applicant that a specific ancillary coverage or product is required by law in conjunction with the purchase of insurance when such coverage or product is not required is called what?

What is the practice whereby policy values in an existing life insurance policy or annuity contract, including, but not limited to, cash, loan values, or dividend values, and in any riders to that policy or contract, are directly or indirectly used to purchase another insurance policy or annuity contract with that same insurer for the purpose of earning additional premiums, fees, commissions, or other compensation is called?

It is unlawful for an insurer to make an adverse decision solely because of information contained in a(n) ________ without consideration of any other underwriting or rating factor.

On April 26, 2022, the Department revoked the license of Maria Caceres for what reason?

Any insurance product sold by an unlicensed agent would be considered a(n) ___________.

A blended course is what?

What is the name of the online resource that is provided by the State of Florida that makes it convenient for Florida residents to pull up state financial reports, find government contracts, and search government spending details?

Which division is dedicated to providing accurate information regarding insurance agents, adjusters, limited surety (bail bond) agents, navigators, insurance-related entities, including education providers and instructors?

What is not a requirement if you want to transfer your insurance licenses to the State of Florida from another state?

Which division is comprised of the Bureau of Fire prevention and the Bureau of Fire Standards and Training?

Which commission oversee the Offices of Financial Regulation (OFR) and Insurance Regulation (OIR)?

Which of the following is NOT one of the 11 business units that make up the Offices of Insurance Regulation (OIR)?