Florida 2-20 Agents License
Exam Questions 2026 Exam All
Answers and Illustrations
Given
The Florida Surplus Service Lines Office (FSLSO) was created to -
ANSWER ✔✔oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a General Lines
Agent: - ANSWER ✔✔Seeking the license only to write controlled
business
,The Department of Financial Services performs the following, EXCEPT: -
ANSWER ✔✔Pays insurance claims
Once license, you have how long to obtain an appointment? -
ANSWER ✔✔48 months
Which of the following is NOT a duty of the Office of Insurance
Regulation? - ANSWER ✔✔Submit rate filings and underwriting rules
for approval
Which one of the following statements is correct? - ANSWER
✔✔Contractors must usually provide evidence of liability insurance
before a construction contract is granted.
From a risk management viewpoint, insurance is used to - ANSWER
✔✔Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its completed
work is typically provided by - ANSWER ✔✔Commercial general
liability insurance.
Which one of the following statements is correct regarding the benefits
provided by insurance? - ANSWER ✔✔Insurance helps reduce the
financial burden to society by compensating accident victims.
,Insurance is not the only risk management transfer technique. When
circumstances are appropriate, transfer can be accomplished through -
ANSWER ✔✔Noninsurance transfer techniques.
Oscar's custom-built vehicle looks like a sausage sandwich on wheels.
He plans to drive it to special events at schools around the country
where it will serve as a mobile billboard to promote his product. Oscar is
surprised to learn that insurers are reluctant to insure his vehicle
because it fails to meet one of the ideal characteristics of an insurable
risk. Which characteristic is Oscar's vehicle least likely to meet? -
ANSWER ✔✔Large number of similar exposure units
Liability coverage to individuals and families for bodily injury and
property damage arising from the insured's personal premises or
activities is typically provided by - ANSWER ✔✔Personal liability
insurance.
Sally is a recent college graduate who lives in the suburbs and drives to
work daily in the city. She recognizes that owning a car creates both
property damage and liability exposures for her and at the same time
she has the burden of student loans. For someone in Sally's
circumstances the most practical risk management technique for dealing
with her auto-related loss exposures is - ANSWER ✔✔Risk transfer.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, One of the costs of insurance is said to be opportunity costs. This means
that if capital and labor were not being used in the insurance business,
they could be used elsewhere and making other productive contributions
to - ANSWER ✔✔Society
Retention is often used in combination with insurance as a way of
treating loss exposures. One of the major downsides of individuals using
retention alone is - ANSWER ✔✔The potential for financial ruin.
The process of restoring an individual or organization to a pre-loss
financial condition is the process of - ANSWER ✔✔Indemnification
Sometimes the existence of insurance encourages losses. The result of
this phenomenon is that it - ANSWER ✔✔Increases the total cost of
insurance
A small business owner concerned about something happening and not
being able to work or earn a living for an extended period of time due to
an accident should purchase - ANSWER ✔✔Disability insurance.
Which of the following is/are not a "your covered auto" under a Personal
Auto Policy for Liability? - ANSWER ✔✔The 1990 Chevy 22 days
after you purchase it as an additional vehicle for your son who just got
his license.
Exam Questions 2026 Exam All
Answers and Illustrations
Given
The Florida Surplus Service Lines Office (FSLSO) was created to -
ANSWER ✔✔oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a General Lines
Agent: - ANSWER ✔✔Seeking the license only to write controlled
business
,The Department of Financial Services performs the following, EXCEPT: -
ANSWER ✔✔Pays insurance claims
Once license, you have how long to obtain an appointment? -
ANSWER ✔✔48 months
Which of the following is NOT a duty of the Office of Insurance
Regulation? - ANSWER ✔✔Submit rate filings and underwriting rules
for approval
Which one of the following statements is correct? - ANSWER
✔✔Contractors must usually provide evidence of liability insurance
before a construction contract is granted.
From a risk management viewpoint, insurance is used to - ANSWER
✔✔Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its completed
work is typically provided by - ANSWER ✔✔Commercial general
liability insurance.
Which one of the following statements is correct regarding the benefits
provided by insurance? - ANSWER ✔✔Insurance helps reduce the
financial burden to society by compensating accident victims.
,Insurance is not the only risk management transfer technique. When
circumstances are appropriate, transfer can be accomplished through -
ANSWER ✔✔Noninsurance transfer techniques.
Oscar's custom-built vehicle looks like a sausage sandwich on wheels.
He plans to drive it to special events at schools around the country
where it will serve as a mobile billboard to promote his product. Oscar is
surprised to learn that insurers are reluctant to insure his vehicle
because it fails to meet one of the ideal characteristics of an insurable
risk. Which characteristic is Oscar's vehicle least likely to meet? -
ANSWER ✔✔Large number of similar exposure units
Liability coverage to individuals and families for bodily injury and
property damage arising from the insured's personal premises or
activities is typically provided by - ANSWER ✔✔Personal liability
insurance.
Sally is a recent college graduate who lives in the suburbs and drives to
work daily in the city. She recognizes that owning a car creates both
property damage and liability exposures for her and at the same time
she has the burden of student loans. For someone in Sally's
circumstances the most practical risk management technique for dealing
with her auto-related loss exposures is - ANSWER ✔✔Risk transfer.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, One of the costs of insurance is said to be opportunity costs. This means
that if capital and labor were not being used in the insurance business,
they could be used elsewhere and making other productive contributions
to - ANSWER ✔✔Society
Retention is often used in combination with insurance as a way of
treating loss exposures. One of the major downsides of individuals using
retention alone is - ANSWER ✔✔The potential for financial ruin.
The process of restoring an individual or organization to a pre-loss
financial condition is the process of - ANSWER ✔✔Indemnification
Sometimes the existence of insurance encourages losses. The result of
this phenomenon is that it - ANSWER ✔✔Increases the total cost of
insurance
A small business owner concerned about something happening and not
being able to work or earn a living for an extended period of time due to
an accident should purchase - ANSWER ✔✔Disability insurance.
Which of the following is/are not a "your covered auto" under a Personal
Auto Policy for Liability? - ANSWER ✔✔The 1990 Chevy 22 days
after you purchase it as an additional vehicle for your son who just got
his license.
