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Florida statutes, rules, and regulations common to all lines Questions and Answers

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Florida statutes, rules, and regulations common to all lines Questions and Answers

 

Which of the following is NOT a responsibility of Office of Insurance Regulation?

{{Correct Ans- Enacting new insurance laws.

 

 

Which of the following is true regarding branch agency licensing?

{{Correct Ans- agent in charge must be licensed

 

 

The requirement that agents not commingle insurance monies with their own funds is known as

{{Correct Ans- Fiduciary responsibility

 

 

On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. the company is guilty of

{{Correct Ans- Misrepresentation.

 

 

Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting?

{{Correct Ans- stock

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[Solved] Florida statutes, rules, and regulations common to all lines Questions and Answers

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Florida statutes, rules, and regulations common to all lines Questions and Answers Which of the following is NOT a responsibility of Office of Insurance Regulation? {{Correct Ans- Enacting new insurance la...
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