Exams / Florida Life Insurance License / Fla. Stat. §626.016

Fla. Stat. §626.016 — what it says, and how the exam tests it

This section is cited by 4 of our practice questions and is tested on 5 exams including the Florida Life Insurance License.

The text

626.016 Powers and duties of department, commission, and office. — (1) The powers and duties of the Chief Financial Officer and the department specified in this part apply only with respect to insurance agents, insurance agencies, managing general agents, insurance adjusters, reinsurance intermediaries, viatical settlement brokers, customer representatives, service representatives, and agencies. (2) The powers and duties of the commission and office specified in this part apply only with respect to service companies, administrators, and viatical settlement providers and contracts. (3) The department has jurisdiction to enforce provisions of parts VIII and IX of this chapter with respect to persons who engage in actions for which a license issued by the department is legally required. The office has jurisdiction to enforce provisions of parts VIII and IX of this chapter with respect to persons who engage in actions for which a license or certificate of authority issued by the office is legally required. For persons who violate a provision of this chapter for whom a license or certificate of authority issued by either the department or office is not required, either the department or office may take administrative action against such person as authorized by this chapter, pursuant to agreement between the office and department. (4) This section is not intended to limit the authority of the department and the Division of Criminal Investigations, as specified in s. 626.989.

Public record. Read the full, current section at the official source: www.leg.state.fl.us

How it comes up on the exam

Practice questions written from this section — answers and explanations are in the drill.

  1. Under Fla. Stat. §626.016, the department has jurisdiction over which of the following categories of licensees?
    drill Florida Statutes, Rules and Regulations Common to All Lines →
  2. Under Fla. Stat. §626.016, the powers and duties of the Chief Financial Officer and the department apply to which of the following?
    drill Selected Florida Statutes and Rules →
  3. Under Fla. Stat. §626.016, the powers and duties of the commission and the office apply to which of the following?
    drill Florida Statutes, Rules and Regulations Common to All Lines →

Exams that test this section