PassSprint
State RegulationsFL specificDifficulty 2/5

A new insurer has just qualified and received its certificate of authority from Florida regulators. What can the insurer now lawfully do?

Select an option to reveal the answer and the full 3-part explanation — free, no signup.

Answer & full 3-part explanation (select an option above, or peek)

Why D is correct

Under the Florida Insurance Code, a certificate of authority from the Office of Insurance Regulation authorizes the insurer to transact the qualified lines of insurance in Florida and to appoint licensed agents to represent it. Admission does not waive any other obligations: forms and rates must still be filed with OIR, and examinations still apply.

Why the other options are wrong

  • A) Even authorized insurers must have policy forms and rates approved before use in Florida.
  • B) Authorization does not create any exemption from financial or market conduct examinations.
  • C) Insurers may appoint only licensed agents; an appointment never substitutes for a license.

Memory hook

Admission adds authority, not exemptions.

Related Practice Questions