Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam using comprehensive questions and in-depth explanations. Perfect your understanding of essential insurance concepts and ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following is NOT a duty of the Department of Financial Services?

License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters

The correct answer is: Set rates and write policies for various company products

The Department of Financial Services is responsible for regulating and overseeing the insurance industry. Some of their duties include licensing adjusters, supervising claims activity, and investigating charges of unethical conduct. However, setting rates and writing policies for various company products is not one of their duties. This responsibility falls under the jurisdiction of the insurance companies themselves. Therefore, option B is the correct answer.