FLORIDA STATE LAW

Question 1

Wind mitigation credits do not apply to which of the following?

Accepted Answer

Foundation

Question 2

Which of the following statements is false with respect to exclusions of windstorm or hail?

Accepted Answer

Windstorm coverage may be excluded without regard to any mortgage or lien

Question 3

Wind mitigation credits do not apply to which of the following?

Accepted Answer

Foundation

Question 4

Under disability income insurance, a monthly benefit will be ________ of the insured’s monthly income.

Accepted Answer

66 2/3%

Question 5

The Fl Insurance Guaranty Assn will assume the contractual obligations of an insolvent insurer up to _ for any 1 policy.

Accepted Answer

$300,000

Question 6

What determines whether an action is a negligence action?

Accepted Answer

The substance of the action

Question 7

An effort for a res structure w/ a dwelling replace cost of $250K requires rejections from how many authorized insurers

Accepted Answer

3

Question 8

Which of the following is not a function of the Division of Consumer Services?

Accepted Answer

Examine and investigate licensees

Question 9

What is the nonrenewal notice req after a homeowners or personal auto policy has been in effect for more than 90 days?

Accepted Answer

At least 45 days' written notice

Question 10

Which of the following is not considered unethical as described in the Unfair Trade and Marketing Practices?

Accepted Answer

Representation

Question 11

The Department may revoke, suspend, or refuse to renew a license for all the following, except:

Accepted Answer

Issued insufficient coverage to a customer through apparent authority

Question 12

The Department of Financial Services can impose which of the following penalties?

Accepted Answer

Fine for violation of a cease and desist order up to $50,000

Question 13

What is the State Required minimum for Auto Liability?

Accepted Answer

10/20/10

Question 14

Which of the following is NOT a general duty and power of the Office of Financial Regulation?

Accepted Answer

Qualify all foreign corporations to do business in Florida

Question 15

Which of the following is NOT a purpose of licensing?

Accepted Answer

To authorize the agent to insure risks

Question 16

Which of the following is not true of a nonadmitted carrier?

Accepted Answer

The Florida Guaranty Assocn protects residents who buy from a nonadmitted

Question 17

Choose the false statement about the Contributory Negligence Law.

Accepted Answer

Contributory fault bars recovery in any other means

Question 18

A new agent must complete ______ hours of continuing education every ______ year(s).

Accepted Answer

24 hours/2 years

Question 19

With regard to market conduct examinations:

Accepted Answer

All acts, rcrds, docs, files, etc. must be freely avlble to the examiners

Questions 19