Florida Insurance Licensing Practice Exam

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

1. The Department investigates charges of unethical conduct

2. The Department writes policies for the non-standard insurance companies

3. The Department issues licenses for adjusters & customer service representatives

4. The Department approves various policy forms used by companies

The correct answer is: The Department writes policies for the non-standard insurance companies

The Florida Department of Financial Services (FDFS) has a wide range of duties, mostly involving regulating and overseeing the insurance industry in Florida. Option A is incorrect because one of their main duties is to investigate charges of unethical conduct from insurance companies or their employees. Option C is incorrect because the FDFS is responsible for issuing licenses to adjusters and customer service representatives to ensure that they are qualified and knowledgeable in their field. Option D is incorrect because the FDFS approves various policy forms used by insurance companies to ensure they are lawful and in the best interest of the public. Option B is the correct answer because writing policies for non-standard insurance companies is not a listed duty of the FDFS.