iFLASH4u | MASTERCLASS Bundle

Insurance FLASH-Cards, Exams & Crams For You.
La Escuela de Seguros
FLORIDA | Insurance Law Survival Guide
By: Jason L. Perez, DFS Authorized Insurance Education Provider
Central FLORIDA Insurance School
We Make Pre-Licensing EASY!
iLAW | Unit ONE - ( iSG1 )
1114
iFLASH4u | Keyword & Concept Checklist
Click a topic to cross it off your DFS list.
Who regulates Insurers in Florida?
?

Insurers, banks & lenders answer to all four Financial Services Commission members. Brokers pull DFS appointments from any insurer the Office of Insurance Regulation (OIR) admits for sale in Florida.

Contrast
MORAL ( vs ) MORALE Hazard — what’s the difference?
?

MORAL — A personal tendency that raises the odds of illness, injury or untimely death. At home, the risk is to herself.

MORAL + E — Add the E. Behind the wheel impaired, she endangers EVERYONE she passes. E is for EVERYONE.

DFS Appointments — cost, duration & expiration?
?

$60 each · active 24 months · EXPIRE the last day of your birth month.

Properly identifying yourself to consumers — what if you don’t?
?

Improperly identifying yourself is a CRIME — MISREPRESENTATION (NAIFA Improper Use of Designation Guideline).

How long to notify DFS of an arrest conviction?
?

ARREST = 30 Days. Administrative penalties = 30 Days · Contact-info changes = 30 Days.

[ Define ] Peril
What is a Peril?
?

A specific CAUSE which creates a loss. (Fire, Death, Chronic Disease — each a Peril.)

[ Define ] Domestic · Foreign · Alien
Where is each insurer incorporated?
?

DOMESTIC = its HOME state · FOREIGN = another U.S. state · ALIEN = outside the United States.

Who issues Insurance Licenses in Florida?
?

The CFO | Department of Financial Services (DFS).

0 / 16 Identified
Riddle Me This…
?
WHAT does “WILD” Bill Hickok, US / Allied INVASION of Normandy AND… Rowe ( VS ) Wade have in common?
GREEN Means GO!