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Florida Laws and Rules Exam 2025 Questions and Answers When replacing or exchanging an annuity, the agent must disclose to the annuitant - --CORRECT ANSWER--the possible tax ramifications as a result of the transaction T is an employee covered under a Group Life policy. If T's employment is terminated, the conversion privilege gives T the right to convert - --CORRECT ANSWER--to an individual policy upon employment termination Which of the following unfair trade practices involves an agent who makes malicious statements about another person's financial condition? - --CORRECT ANSWER--defamation According to Florida law, a Group Life insurance policy requires a minimum of how many insureds? - --CORRECT ANSWER--No minimum Who is a mutual insurance company owned by? - --CORRECT ANSWER--Its policyholders In Florida, what is the maximum percentage of controlled business an agent may produce? - --CORRECT ANSWER--50% ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1