Free Insurance Regulation Practice Questions

Florida Life including Variable Annuity (2-14) exam (series 2-14) — 160 practice questions.

Practice Insurance Regulation

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, Unlicensed transaction, Department investigations, 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, Nonresident license, Unaffiliated agent, Mutual insurer, Information privacy, Financial Services Commission, Commissioner of Insurance, Department head, Securities regulator, Receivership, Consumer complaints, Market conduct examinations, Definition of insurance, Domestic insurer, Alien 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 veterans, 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, Funeral directors, Life agent code of ethics, Agent as beneficiary, Agent as trustee or attorney-in-fact, Ethics violation, Guaranty limit life, Guaranty limit annuity, Guaranty limit death benefit, Unclaimed life proceeds, Fair Credit Reporting Act, Fraud and false statements, Privacy and Do Not Call, USA PATRIOT Act AML, McCarran-Ferguson Act, Telephone Consumer Protection Act, Investigative report notice, Investigative report disclosure, Obsolete information, FCRA purpose, Consumer rights, False pretenses penalty, 18 USC 1033 consent, 18 USC 1033 penalties, Embezzlement by insurance persons, False statements to regulators, AML covered products, Suspicious activity reports, Cash reporting, AML program elements, Money laundering red flags, Do Not Call hours, Established business relationship, GLBA opt-out, GLBA initial notice, Nonpublic personal information, McCarran-Ferguson, South-Eastern Underwriters, Boycott exception, NAIC role, Federal securities regulation, Prospectus delivery, Producer license required, Commissioner powers, Boycott coercion intimidation, License revocation causes, Nonresident licensing, National Producer Number, Replacement definition, Replacement notice, Replacing insurer duty, Replacement free look, Annuity best interest, Best interest obligations, Consumer profile information, Annuity training, Insurer supervision, Illustration signatures, Illustration prohibitions, Buyer's guide timing, Viatical settlement, Viatical broker duty, Settlement provider, Settlement vs surrender

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.

All Life including Variable Annuity (2-14) topics

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.