Test Questions Flashcards
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1
Q
A Notary Public is a public officer appointed by: A. Secretary of State B. Commission of Education C. Governor D. Attorney General
A
C: Governor
2
Q
A Notary Public's term of appointment is for how many years? A. 3 B. 4 C. 5 D. 6
A
B: 4
3
Q
A Notary Public is required to have a surety in bond in the amount of: A. $ 2500 B. $ 5000 C. $ 7500 D. $ 8000
A
C: $7500
4
Q
A Notary Public may use an impression seal
(embosser) in addition to a rubber stamp seal, but not in place of it.
A. True
B. False
A
A: True
5
Q
What is the maximum fee a notary may charge for administering an oath? A. $ 10 B. $ 15 C. $ 20 D. $ 25
A
A: $10
6
Q
A Notary Public may only perform his or her
duties within the geographical boundaries of the state of Florida.
A. True
B. False
A
A: True
7
Q
An oath or affirmation is administered to a document signer when the signer is required to make a sworn statement about certain facts.
A. True
B. False
A
A: True
8
Q
To make an acknowledgement, the document signer does not have to personally appear before you, the notary public, and declare that he or she has signed the document voluntarily.
A. True
B. False
A
B: False
9
Q
Which of the following documents is considered a public record that may not be attested to: A. Florida Driver's License B. Resident Alien Card C. Birth Certificate D. U.S. Passport
A
C. Birth Certificate
10
Q
What is the maximum fee a notary may charge to perform a marriage ceremony? A. $ 5 B. $ 10 C. $ 15 D. $ 20
A
$20
11
Q
A Florida Notary Public may perform a marriage ceremony in the state of Georgia.
A. True
B. False
A
B: False
12
Q
When “notarizing a signature” the two official acts are administering an oath and taking an acknowledgement.
A. True
B. False
A
A: True
13
Q
A Notary Public may not change anything in a written statement after it has been signed by anyone.
A. True
B. False
A
A. True
14
Q
A Notary Public may use a name or initial in signing certificates other than that by which the notary public is commissioned.
A. True
B. False
A
B. False
15
Q
A Notary Public may not give legal advice unless the notary public is a licensed attorney.
A. True
B. False
A
A. True
16
Q
A Notary Public may notarize a document that is incomplete.
A. True
B. False
A
B. False
17
Q
Notary Public may notarize the signature of their spouse.
A. True
B. False
A
B. False
18
Q
A Notary Public may not notarize a signature on a document if the person whose signature is being notarized is not in the presence of the notary at the time the signature is notarized.
A. True
B. False
A
A. True
19
Q
Although the government agency pays for the commission, it is the employee who is appointed Notary Public, not the agency.
A. True
B. False
A
A. True
20
Q
A government agency is liable for notarial acts performed by the employee-notary outside his or her normal employment responsibilities.
A. True
B. False
A
B. False
21
Q
Certain law enforcement officers or correctional officers may act as notaries in some instances. They are only authorized to: A. Solemnize Marriage B. Take Acknowledgements C. Administer Oaths D. Make Attested Photocopies
A
C. Administer Oaths
22
Q
These law enforcement officers or correctional officers do not have to apply for appointment, obtain the required notary bond, use a notary seal, or complete notarial certificates.
A. True
B. False
A
A. True
23
Q
Florida law authorizes certain military officers to administer oaths or take acknowledgements of other military personnel and their spouses.
A. True
B. False
A
A. True
24
Q
. The military officer is bound by geographical boundaries.
A. True
B. False
A
B. False
25
It is not necessary for the notary to read every word of the document, but you should scan the entire document to make sure it is complete before notarizing.
A. True
B. False
A. True
26
You may amend or make changes to a document after you have completed the notarization.
A. True
B. False
B. False
27
```
Which of the following is not an acceptable form of identification to use when you are performing a notarial act.
A. Florida Driver's License
B. U.S. Passport
C. Military I.D.
D. Student Identification Card
```
A. Florida Driver's License
28
. If a document does not have a notarial certificate, the signer must tell you which notarial act the document requires.
A. True
B. False
A. True
29
```
How many basic elements required by law are contained in an oath (or affirmation) or acknowledgement?
A. 2
B. 9
C. 12
D. 20
```
B. 9
30
If someone does not have the proper identification you may take a sworn written statement of a credible witness or the sworn written statement of two credible witnesses.
A. True
B. False
A, True
31
When determining if a document signer is mentally competent and willing to execute the document you may want to ask the signer questions unrelated to the notarization.
A. True
B. False
A. True
32
When notarizing for a person who is blind, you are not required to read the document to the document signer.
A. True
B. False
B. False
33
When notarizing for a person who does not speak English the document must be translated into a language that the signer understands.
A. True
B . False
A. True
34
When notarizing for a person who is signing a document written in a foreign language not understood by the notary, the notarial certificate must be completed in English.
A. True
B. False
A. True
35
An individual with a disability may direct another person to sign on his or her behalf.
A. True
B. False
A. True
36
When notarizing for a person with a Power of Attorney it is the notary's responsibility to ensure the document signer has the Power of Attorney.
A. True
B. False
B. False
37
Although as a notary you are bonded, you may be held personally liable for any misconduct or negligence in the performance of your official duties.
A. True
B. False
A. True
38
Florida Notaries are authorized by law to keep a journal of notarial acts.
A. True
B. False
B. False
39
When using a journal to record your notarizations, it is a good idea to complete the journal entry prior to notarization.
A. True
B. False
A. True
40
Whose responsibility is it to investigate allegations of misconduct against a notary public.
A. Department of State
B. Governor's Office
C. Attorney General's Office
D. Insurance Commissioner
B. Governor's Office
41
The majority of complaints, about 75 percent, are violations of the presence law.
A. True
B. False
A. True
42
If a complaint allegation involves a criminal violation, the complaint is referred to the appropriate State Attorney's Office for investigation.
A. True
B. False
A. True
43
Acme Insurance Company wants to employ Abby as an agent. To do so, what must Acme do?
a. File an appointment application with the Department of Financial Services
b. Require Abby to cancel all her other appointments
c. Have Abby sign a noncompete and exclusive agency agreement.
d. Submit a notice of appointment to the NAIC's national database
a. File an appointment application with the Department of Financial Services
44
Unaffiliated insurance agents are compensated by commissions on sales of products to new clients, like any other agent.
a. True
b. False
b. False
45
What penalty may be imposed for failing to obtain an agency license when required?
a. $1,000
b. $5,000
c. $10,000
d. $20,000
c.$10,000
46
When selling life insurance, Agent Krista assures a prospective applicant that the insurance company she represents is backed by the protections of the Florida Life and Health Insurance Guaranty Association. What is true about this kind of assurance?
a. It is recommended when selling life insurance
b. It is prohibited at all times.
c. It is required when selling to senior citizens.
d. It is required at all times.
b. It is prohibited at all times.
47
Henry is a licensed agent who lives in Florida but decides to move to Texas. When must he notify the Department of Financial Services of his move?
a. within 10 days
b. within 20 days
c. within 21 days
d. within 30 days
d. within 30 days
48
Which of the following terms refers to the unethical and illegal practice of making a misleading statement about an insurance policy in order to induce a person to buy a policy with another insurer?
a. rating
b. rebating
c. twisting
d. bending
c. twisting
49
All of the following are questions that agents should attempt to answer in regard to a prospects suitability EXCEPT:
a. What are the clients needs?
b. What product or products best address those needs?
c. Does the client completely understand the product and its provisions?
d. Will the commission on the sale adequately compensate the agent?
d. Will the commission on the sale adequately compensate the agent?
50
When a prospect asked about the payment of dividends on a life insurance policy. Agent Maloney stated that they are guaranteed to be paid, even though this is not true. Which unfair trade practice has the agent committed?
a. boycotting
b. unfair discrimination
c. coercion
d. misrepresentation
d. misrepresentation
51
When meeting with a prospect to discuss life insurance, Agent Tyler makes disparaging comments about the financial stability and reputation of a competitor to dissuade the prospect from purchasing its policies. Which unfair trade practice has Agent Tyler committed?
a. defamation
b. rebating
c. unfair discrimination
d. coercion
a. defamation
52
To boost her sales at the end of the year, Agent Judy started offering potential clients a $300 cash gift card in exchange for purchasing a life insurance policy. Which ethical sales practice has Judy violated?
a. twisting
b. false information
c. rebating
d. churning
c. rebating
53
Which is a reason for enacting Florida legislation to limit liability claims for having contracted COVID-19?
a. Floridians must be allowed to earn a living and support their families without unreasonable government intrusion..
b. Defending COVID-19 liability claims is too costly.
c. The Legislature sought to enact state legislation before federal legislation took effect.
d. Businesses and health care providers are a special class of enterprise that should be immune from COVID-19 liability.
a. Floridians must be allowed to earn a living and support their families without unreasonable government intrusion..
54
The Federal Insurance Office exercises direct regulatory authority over the insurance businesses.
a. True
b. False
b. False
55
To what date does the American Rescue Plan Act extends the ACA's special enrollment period in 2021?
a. June 30
b. August 15
c. September 1
d. December 31
b. August 15
56
Individuals can contribute unlimited amounts to flexible spending accounts for medical purposes.
a. True
b. False
b. False
57
Which type of insurance is not affected by Florida's new law restricting the use of genetic information?
a. life
b. health
c. long - term care
d. accident
d. accident
58
What actions should an agent take to verify whether an insurer is authorized to sell insurance in Florida?
a. Ask other agents to verify whether an insurance is licensed in FL
b. Check the NAIC website to determine insurer licensing in each state.
c. Obtain a letter of certification directly from the insurer
d. Check the Department of Financial Service's website, which contains lists of authorized and unauthorized insurers.
d. Check the Department of Financial Service's website, which contains lists of authorized and unauthorized insurers.
59
Agent Smith intentionally placed insurance with a company that he knew was not authorized to transact insurance in Florida. Which of the following penalties may be imposed?
a. up to six months' probation
b. up to one year of imprisonment
c. a penalty up to $1,000
d. a penalty up to $5,000
d. a penalty up to $5,000
60
The Department of Financial Services is responsible for regulating Florida's banking, securities, insurance, mortgage lending, and funeral and cemetery businesses.
a. True
b. False
a. True
61
Customer representatives must be licensed , but they need not be appointed.
A. True
B. False
B. False
62
How often must an agent's appointment be renewed
a. every 6 months
b. every 18 months
c. every 24 months
d. every 30 months
c. every 24 months
63
What are the responsibilities of the Office of Insurance Regulation and the Department of Financial Services?
a. managing the risk exposure of the state government
b. writing the state's insurance laws
c. regulating the state's insurance industry
d. administering the group insurance plan that covers state employees.
c. regulating the state's insurance industry
64
An insurer may cancel an agent's appointment by giving the agent how many days' notice?
a. 75
b. 60
c. 50
d. 40
b. 60
65
Delta insurers appointed Joe as its agent. Can Joe let his brother, use his appointment to transact insurance?
a. Yes, if a Delta insurers approves
b. Yes, if Shawn shares his commissions with Joe
c. No, Joe cannot let Shawn transact insurance by using his appointment
d. No , because agents only share appointments with friends and not family members.
c. No, Joe cannot let Shawn transact insurance by using his appointment
66
ABC Insurers want to appoint Nick as its agent. Which statement is correct about submitting the appointment application and fee?
a. ABC insurers must submit the appointment application and fee by US mail
b. ABC insurers must submit the appointment application electronically
c. ABC insurers must submit the appointment application by mail and must pay the fee electronically
d. ABC insurers must submit both the fee and appointment application electronically
dd. ABC insurers must submit both the fee and appointment application electronically
67
Terry has been licensed in Florida an insurance agent. How many years of education must he complete every two years?
a. 18
b. 24
c. 30
d. 36
b. 24
68
Abby has been working in an insurance agency and now wants to apply for an agent's license. Which of the following does she NOT have to do?
a. Pass a written exam.
b. Submit a set of fingerprints.
c. Submit an application to the Department.
d. Pass a polygraph test.
d. Pass a polygraph test.
69
For how long may the Department of Financial Services suspense an gent's license?
a. up to 6 months
b. up to 8 months
c. up to two years
d. up to 30 months
b. up to 8 months
70
What entity regulates banks, credit unions, and securities industry participants in Florida?
a. Department of regulatory Affairs
b. Office of Financial Regulation
c. Division of Insurance Agent and Agency Services
d. Bureau of Insurance
b. Office of Financial Regulation
71
Agent Ted was convicted of a felony for embezzling money from an insurer. Which actions must the Department of Financial Services take?
Revoke his license
72
Tillie works in the Statewide Agency as an assistance to Agent Trudy. Which of the following actions can Tillie lawfully take when she meets with a customer of the agency?
Set up another meeting for the customer with Agent Trudy
73
Which entity protects policyowners, insureds, and beneficiaries if an insurer cannot perform its contractual obligations because of impairment or insolvency ?
Florida Life and Health Insurance Guaranty Association
74
Jake and Bryson are healthy, and have similar medical histories, etc. Jake's premiums are higher than Bryson even though they are the same age. Why is this?
unfair discrimination
75
Agent Ari holds a relationship with clients that involves a high degree of confidence, skill, and trust. What kind of position does Agent Ari hold?
A fiduciary position
76
To improve her sales, Agent Shari started offering potential clients $300 rebate cards. What ethical sales practice has she violated?
Rebating
77
When asked about a competitors life insurance policies, Agent Anna immediately spreads false and innocent information about the company. Which practice is this?
Defamation
78
If an agent assures prospective clients that dividends shown in a illustration will be paid as projected, what unfair trade practice has the agent committed?
Misrepresentation
79
Which of the following is NOT considered a duty of service that an agent owes to his or her clients?
Representing only one insurer to avoid conflicts of interest
80
Shoshanna applied for an individual life insurance policy with ABC insurers . When ABC Insurers learned that Shoshanna had been a victim of domestic battery, they denied her.
ABC Insurers acted unlawfully
81
Which statement about replacing individual life insurance policies is true?
Replacement may sometimes be in the best interests of an applicant if an existing policy no longer meets the person's needs.
82
Which of the following would most likely be considered a breach of an agent's fiduciary duty to a customer?
neglecting to mention an important policy exclusion that specifically applied to an applicant.
83
Which of the following is NOT is a fiduciary duty that agents owe to clients?
To share part of their commission with the client
84
What unfair trade practice has a person committed if he or she knowingly and with intent to defraud files an insurance claim that is false?
fraud
85
When selling life insurance, Agent Angie tells prospects the Florida law requires them to purchase a term rider, even though this isn't true. What trade practice has she committed?
sliding
86
How much is the threshold for deducting qualified medical expenses in 2021?
7.5%
87
Which type of insurer is NOT affected by the Florida's new law restricting the use of genetic information?
worker's compensation
88
Which of these is NOT protected by Florida's COVID -19 Immunity Shield Law?
businesses conducting business outside of the state
89
Which type of insurance company is NOT licensed to transact insurance in Florida?
unauthorized insurer
90
Which of the following penalties may the Office of Insurance Regulation impose if an agent intentionally represents an unauthorized insurer in Florida?
A fine of up to $5,000
