LESSON 20: AGENT LICENSING

Maintaining a License

All licensed agents who have held their licensure for less than 6 years are required to complete 24 hours of CE every two years, including three hours on ethics.

	a)	True
	b)	False
CORRECTTRY AGAIN (Lesson 20.2.1)

Florida law requires every licensee to notify the Department in writing within ________ after a change of name, residence address, principal business street address, or mailing address.

	a)	30 days
	b)	60 days
	c)	90 days
	d)	one year
CORRECT TRY AGAIN (Lesson 20.2.2)

Possible consequences for acting as an insurer without proper licensure:

	a)	conviction on charges of up to a first-degree felony.
	b)	liability for all unpaid claims.
	c)	suspension or revocation of all insurance licenses.
	d)	Any and/or all of the above.
CORRECT TRY AGAIN (Lesson 20.2.3)

Unfair Trade Practices

Match the following with their respective descriptions.

a)	When an agent tells or implies that it is a requirement that the client purchase specific coverages or products in conjunction with the policy being purchased, an agent tells the client that there will not be an extra charge for additional coverage when there really is, or an agent charges for additional coverage without telling the client and getting his consent.	Choose... Coercion, Boycott and Intimidation Misrepresentation Sliding Fraud Controlled Business
b)	Entering into any agreement to commit, or by any concerted action committing, any act of boycott, coercion, or intimidation resulting in, or tending to result in, unreasonable restraint of, or monopoly in, the business of insurance.	Choose... Coercion, Boycott and Intimidation Misrepresentation Sliding Fraud Controlled Business
c)	Act of making, issuing, circulating or causing to be issued or circulated, an estimate, illustration, circular or statement of any kind that does not represent the correct policy terms, dividends or share of the surplus or the name or title for any policy or class of policies that does not in fact reflect its true nature.	Choose... Coercion, Boycott and Intimidation Misrepresentation Sliding Fraud Controlled Business
d)	The act of taking out insurance or contracts covering the agent or family members or any other specific group in which the agent has a vested interest.	Choose... Coercion, Boycott and Intimidation Misrepresentation Sliding Fraud Controlled Business
e)	The act of obtaining money or some other benefit by deliberate deception.	Choose... Coercion, Boycott and Intimidation Misrepresentation Sliding Fraud Controlled Business
a) Sliding b) Coercion, Boycott and Intimidation c) Misrepresentation d) Controlled Business e) Fraud Lesson 20.3

Florida statutes do not allow an insurance agent to write "controlled business" unless the uncontrolled business written is:

	a)	more than the amount of other similar business written.
	b)	less than the amount of other similar business written.
	c)	at least equal to the amount of controlled business written.
CORRECT TRY AGAIN (Lesson 20.3.7)

Action To Be Taken

Match the following actions in regard to health insurance policy provisions with their respective timeframes.

a)	Time Limit on Certain Defenses	Choose... 2 years 15 days 20 days 45 days 7 days, 10 days, or 31 days
b)	Grace Period	Choose... 2 years 15 days 20 days 45 days 7 days, 10 days, or 31 days
c)	Reinstatement	Choose... 2 years 15 days 20 days 45 days 7 days, 10 days, or 31 days
d)	Notice of Claim	Choose... 2 years 15 days 20 days 45 days 7 days, 10 days, or 31 days
e)	Claim Forms	Choose... 2 years 15 days 20 days 45 days 7 days, 10 days, or 31 days
a) 2 years b) 7 days, 10 days, or 31 days c) 45 days d) 20 days e) 15 days Lesson 20.5

Match the following actions in regard to health insurance policy provisions with their respective timeframes.

a)	Proof of Loss	Choose... 60 days - 5 years 45 days 90 days
b)	Time Payment of Claims	Choose... 60 days - 5 years 45 days 90 days
c)	Legal Actions	Choose... 60 days - 5 years 45 days 90 days
a) 90 days b) 45 days c) 60 days - 5 years Lesson 20.5

Match the following mandatory health insurance policy provisions with their respective descriptions.

a)	The policy is incontestable after it has been in force for a specified period of time.	Choose... Reinstatement Notice of Claim Time Limit on Certain Defenses Grace Period
b)	A given number of days after the premium due date during which time the premium payment may be delayed without penalty and the policy continues in force.	Choose... Reinstatement Notice of Claim Time Limit on Certain Defenses Grace Period
c)	When a policy is automatically reinstated after a specified number of days if the delinquent premium is accepted by the company without requiring a new application.	Choose... Reinstatement Notice of Claim Time Limit on Certain Defenses Grace Period
d)	The policyowner's obligation to the insurer to provide notification of loss within a certain amount of time after the occurrence (or as soon as is reasonably possible).	Choose... Reinstatement Notice of Claim Time Limit on Certain Defenses Grace Period
a) Time Limit on Certain Defenses b) Grace Period c) Reinstatement d) Notice of Claim Lesson 20.5

Match the following mandatory health insurance policy provisions with their respective descriptions.

a)	The company's responsibility to supply a claim form to an insured within a specific timeframe after receiving notice of claim.	Choose... Proof of Loss Legal Actions Time Payment of Claims Claim Forms
b)	After a loss occurs, or after the company becomes liable for periodic payments, the claimant has a specified amount of time in which to submit proof of any loss incurred.	Choose... Proof of Loss Legal Actions Time Payment of Claims Claim Forms
c)	Provides for immediate payment of the claim after the insurer receives notification and proof of loss.	Choose... Proof of Loss Legal Actions Time Payment of Claims Claim Forms
d)	The insured cannot file legal suit against the company in a claim dispute until after a specified amount of time from the date the insured submits proof of loss.	Choose... Proof of Loss Legal Actions Time Payment of Claims Claim Forms
a) Claim Forms b) Proof of Loss c) Time Payment of Claims d) Legal Actions Lesson 20.5 CONGRATULATIONS on completing Lesson 20. Remember to familiarize yourself with the Key Concepts and take the Questions for Review in the Florida study manual Chapters 4 and 26-30.