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Florida Specific CFO Flashcards | StudBud
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Florida Specific CFO
Florida Specific CFO
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Questions
15
Answers
1
One of the educational requirements to be able to take the test for a Personal Lines 2044 License is
48 hours
80 hours
60 hours
36
2
An unauthorized insurer is NOT authorized
False
True
3
The duties of the Department of Financial Services include all EXCEPT :
Investigate charges of unethical conduct and take judicial action.
Approve issuance of licenses to agents, CR and adjusters.
Approve forms, rules, and rates
Supervision of claims
4
The duties of the Florida Surplus Lines Service of are all of these EXCEPT
Collects surplus lines taxes and fees
Reports to the Financial Service Commission
Reviews all surplus lines policies and documents
Oversees the surplus lines industry
5
An Authorized insurer is certified by the state to transact insurance in FL
False
True
6
The Financial Service Commission is composed of the Governor, the Chief Financial Officer, the Attorney General and the
Commisioner of Agrigculture
you
An insurance agent
Janitor
7
The current CFO for the State of Florida is Jimmy Patronis
True
False
8
You need a degree or specific education in order to get a Personal Lines 2044 license in the state of Florida
False
True
9
The office of Financial REGULATION is responsible for all EXCEPT:
Oversees the Surplus Lines industry
Reports to teh Financial Service Commission.
Provides regulartory oversight to Florida's financial providers.
10
Ethics is doing what is right.
True
False
11
The possible consequences for acting as an insurer without a proper license are all but one of the following
Liability for unpaid claims
3rd degree felony
Adverse impact
Suspension or revocation of all insurance licenses
12
The office of Insurance Regulation is responsible for all of these EXCEPT:
Supervision of claims.
Approves forms, rules and rates
Examine the financial conditions of companies.
Examine the qualifications of insurance co.s doing business in FL.
13
The Chief Financial Officer for the state of Florida IS an elected official.
True
False
14
An individual who goes without an appointment for 48 months loses the license & has to start as a 1st time applicant
False
True
15
You can not seek to obtain a license for the purpose of writing controlled business for more than what % of income
45%
10%
50%
25%
