1. Exam Prep
  2. Florida
  3. Life including Variable Annuity (2-14)
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Florida Life including Variable Annuity (2-14) exam (series 2-14) — 25 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, Unlicensed transaction, Department investigations, Fair Credit Reporting Act, Fraud and false statements, Privacy and Do Not Call

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 24 hours of continuing education every two years for licensees with fewer than six years of licensure, reduced to 20 hours after six years.

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

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.