FLORIDA 2-20 STATE EXAM PRACTICE
TEST PAPER 2026 TESTED QUESTIONS
WITH ANSWERS GRADED A+
⩥ 1.4 Qualifications for General License Statute. Answer: F.S. 626.371
(3)(a), 626.381
Once licensed, you have 48 months to obtain an appointment (the
authority given by an insurer or employer to transact insurance or adjust
claims). If the appointment is submitted late. the appointing entity will
be responsible for the late fee of $250 plus the statutory appointment fee
of $60. Once your license has gone beyond 48 months without an
appointment, you will have to qualify as a first-time applicant.
⩥ 1.7 Duties and Functions of the DFS. Answer: The Department of
Financial Services
1. Supervise claims activities of various companies so policyholders
may be assured of fair treatment and prompt settlement of loss under a
policy
2. Investigate charges of unethical conduct and take judicious actions in
such cases
3. DFS Division of Agent and Agency Services- approves issuances of
licenses to agents, customer representatives, and claims adjustors
⩥ 1.7 Duties and Functions of OIR. Answer: The Office of Insurance
Regulation
, 1. Examine qualifications of insurance companies seeking to do business
in FL, admitting them to the state when they have met the requirements,
and then checking their financial condition periodically
2. Responsible for insurance policy forms, rules, and ratings; they
approve forms before use, and review companies' rules and rates every
so often
⩥ 1.7 Duties and Functions of OFR. Answer: The Office of Financial
Regulation
1. Provides regulatory oversight to Florida financial service provides
like banks, credit unions, finance companies, and security industries
It was created in 2003 and reports to the Financial Service Commission.
It has three divisions and one bureau and is headed by a commissioner
who is appointed via the commission
⩥ 1.7 Duties and Functions of FSLSO. Answer: The Florida Surplus
Lines Service Office
1. Reviews all surplus lines insurance policies and documents
2. Maintains records of policies and reports to the DFS
3. Collect surplus lines taxes
4. Collects service fees
5. Trains and educates surplus lines agents
TEST PAPER 2026 TESTED QUESTIONS
WITH ANSWERS GRADED A+
⩥ 1.4 Qualifications for General License Statute. Answer: F.S. 626.371
(3)(a), 626.381
Once licensed, you have 48 months to obtain an appointment (the
authority given by an insurer or employer to transact insurance or adjust
claims). If the appointment is submitted late. the appointing entity will
be responsible for the late fee of $250 plus the statutory appointment fee
of $60. Once your license has gone beyond 48 months without an
appointment, you will have to qualify as a first-time applicant.
⩥ 1.7 Duties and Functions of the DFS. Answer: The Department of
Financial Services
1. Supervise claims activities of various companies so policyholders
may be assured of fair treatment and prompt settlement of loss under a
policy
2. Investigate charges of unethical conduct and take judicious actions in
such cases
3. DFS Division of Agent and Agency Services- approves issuances of
licenses to agents, customer representatives, and claims adjustors
⩥ 1.7 Duties and Functions of OIR. Answer: The Office of Insurance
Regulation
, 1. Examine qualifications of insurance companies seeking to do business
in FL, admitting them to the state when they have met the requirements,
and then checking their financial condition periodically
2. Responsible for insurance policy forms, rules, and ratings; they
approve forms before use, and review companies' rules and rates every
so often
⩥ 1.7 Duties and Functions of OFR. Answer: The Office of Financial
Regulation
1. Provides regulatory oversight to Florida financial service provides
like banks, credit unions, finance companies, and security industries
It was created in 2003 and reports to the Financial Service Commission.
It has three divisions and one bureau and is headed by a commissioner
who is appointed via the commission
⩥ 1.7 Duties and Functions of FSLSO. Answer: The Florida Surplus
Lines Service Office
1. Reviews all surplus lines insurance policies and documents
2. Maintains records of policies and reports to the DFS
3. Collect surplus lines taxes
4. Collects service fees
5. Trains and educates surplus lines agents
