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Add to cartIf an insurance company is organized under the laws of New Jersey and licensed to do business here, it is considered what in Texas?
One of the state purposes of the Life and Health Insurance Guaranty Association is?
To assist in the prevention of insurer insolvencies
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An insurance company that is incorporated in New Hampshire and does business in Florida is defined in Florida as?
In order for a domestic, foreign, or alien insurance company to conduct business, it must be authorized by whom?
The state where they are conducting business
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What does a certificate of authority do?
Permits an insurance company to transact business in that state
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Before approving an application for a business entity acting as an agent, the Commissioner or Director must find that the business entity has?
Designated an agent to be responsible for compliance with insurance laws
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If an insured sustains a loss on a policy sold by an agent through an insurance company that is not authorized to do business in that particular state, who would be liable?
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Create quizPractice Questions and Answers for the Florida State Life and Health Insurance Agent Licensing Exam. These questions cover various topics related to insurance laws, regulations, and practices in Florida.