Free Insurance Regulation Practice Questions
Florida Health (2-40) exam (series 2-40) — 128 practice questions.
Subtopics: Continuing education, Law and ethics update, Licensing authority, Regulator of insurers, Change of address, Fiduciary capacity, Appointment, Appointment renewal, Certificate of authority, Rebating, Twisting, Sliding, Churning, Misrepresentation, Unfair claim settlement, Insurance fraud, Civil remedy bad faith, Cease and desist, Grounds for license action, Examination exemption, Transacting insurance, Minimum age, Agent in charge, Agency licensing, Reporting a conviction, Probation, Controlled business, Unfair discrimination, Defamation, Coercion, False advertising, Commingling, Guaranty association, Office of Financial Regulation, Authorized insurer, Insurer domicile, Unauthorized insurers, Adjuster code of ethics, Customer representative, Background check, Financial Services Commission, Commissioner of Insurance, Department head, Receivership, Consumer complaints, Market conduct examinations, Definition of insurance, Domestic insurer, Foreign insurer, Fraternal benefit society, Unlicensed transaction penalty, Referral fees, Agency license exemption, Insurer officer exemption, Prelicensing education, Prelicensing time limit, Military prelicensing exemption, Designation in lieu of education, License transfer, Fingerprints, Effect of appointment, Termination of appointment, Appointment filing deadline, Insurer felony report, Continuing education carryover, CE and appointments, Moving out of state, Reporting administrative action, Administrative fine, Record retention, Misappropriation of premium, Separate account, Promotional gifts, Rebate schedule records, Rebate factors, Twisting penalty, Unfair trade practice fines, Fraudulent signatures, Misleading designations, Refusal to insure, Domestic abuse discrimination, Replacement comparison omission, Unauthorized insurer liability, Fraud reporting duty, Consumer age inquiry, Supplies to unappointed agents, Guaranty limit health, Guaranty limit LTC, Fair Credit Reporting Act, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Unfair trade practices, Claims practices, Fiduciary duty, Producer licensing, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. How many hours of continuing education must most resident Florida agents complete during each two-year compliance cycle?
24 hours
Florida requires a 4-hour license-specific update course plus 20 elective hours every 2 years (24 total); after 6 years of licensure the elective requirement drops to 16 hours (20 total).
2. As part of the required continuing education, each Florida agent (except title agents) must complete which course every two years?
A 4-hour law and ethics update specific to the license held
Florida requires each licensee to complete a 4-hour update course on insurance law and ethics specific to the license held within the biennial CE total.
3. Which Florida agency issues licenses to and regulates insurance agents?
The Department of Financial Services
The Department of Financial Services, headed by the Chief Financial Officer, licenses and regulates insurance agents and adjusters in Florida.
4. Which Florida office regulates the rates, forms, and solvency of insurers?
The Office of Insurance Regulation
The Office of Insurance Regulation regulates insurer solvency and reviews rates and policy forms, while the Department of Financial Services licenses agents.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
