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Regulatory Awareness
Regulatory Awareness 2
Ethical Requirements
Understanding Required Premium Discounts
Disciplinary and Industry Trends
100
The CFO oversees the Florida Dept of Financial Services, Treasury , Banking and Finance and holds what other title?
What is State Fire Marshall
100
The website for insurance agent information is located at _______
What is http://www.myfloridacfo.com
100
The principles expressed in the following statements shall serve as standards to be followed by the department, commission, and office in exercising their powers and duties, in exercising administrative discretion, in dispensing administrative interpretations of the law, and in adopting rules for Policyholders
What is Bill of Rights
100
Mitigation credits are given on the following building types: Single Family, Non-Single Family, ______
What is Structure of 5 or more units
100
Anyone with information about incidents of suspected ______ is asked to call Tip Hotline 1-800-378-0445.
What is Insurance fraud
200
You have _____ days to update your contact information on your license.
What is 30 days?
200
The monthly newsletter distributed via email by the Division of Agent and agency Services is named ______
What is Insurance Insight
200
______ is declared to be unethical and defined as 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, and this practice is declared to be unethical.
What is Defamation
200
The fixtures or construction techniques must include, but are not limited to, fixtures or construction techniques that enhance roof strength, roof covering performance, roof-to-wall strength, wall-to-floor-to-foundation strength, _____, and window, door, and skylight strength.
What is Opening Protection
200
An entity that is required to be licensed or registered with the Florida Office of Insurance Regulation but is operating without the proper authorization is identified as an ______.
What is Unauthorized Insurer
300
______ is part of a non-profit, state-based, statutorily-created system that pays certain outstanding claims of insolvent insurance companies.
What is FIGA (Florida Insurance Guaranty Association)
300
_______ is when the benefits, advantages, conditions, or terms of any insurance policy is misrepresented for the purpose of inducing, or tending to induce, the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy.
What is Misrepresentation
300
A ______ is any combination of words, any acronym standing for a combination of words or any job title that indicates or implies that a licensee has special knowledge or training in advising or servicing consumers beyond the knowledge or training required for the license held.
What is Designation
300
In what year did Wind Mitigation credit start
What is 2007
300
The term ’act of terrorism’ means any act that is certified by the Secretary, in consultation with the Secretary of Homeland Security, and the ______ of the United States
What is Attorney General
400
The place you can see you licensing and compliance information.
What is MyProfile
400
Definition: _______ refers to the basic tasks of obtaining certain basic underwriting answers from the inquirer, and then consulting written underwriting materials that state the rate.
What is Giving a Quote
400
Definition: ______ Knowingly making any misleading representations or incomplete or fraudulent comparisons or fraudulent material omissions of or with respect to any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate, retain, pledge, assign, borrow on, or convert any insurance policy or to take out a policy of insurance in another insurer.
What is Twisting
400
Credits, discounts, or other rate differentials, or appropriate reductions in deductibles, for fixtures and construction techniques that meet the minimum requirements of the ______ must be included in the rate filing.
What is Florida Building Code
400
Under Florida law, a person can be charged with a ______ and also held liable for any unpaid claims and refund of premiums when representing an unauthorized insurer.
What is third‐degree felony
500
An individual who fails to maintain an appointment on his or her license during any ____ month period will need to re-qualify as a first-time applicant.
What is 48 months
500
A ______ shall not engage in transacting insurance outside of the office of his or her agent or agency.
What is Customer Representative
500
Definition: ______ 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.
What is Churning
500
Effective January 1, 1997, a rate filing for residential property insurance shall be separated into two components, rates for _______ and rates for all other coverages.
What is Hurricane Coverage
500
The statutes provide for penalties for agents representing or aiding an unauthorized insurer and there are agent requirements to perform _______.
What is due diligence