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  • FLORIDA STATUTES
  • FLORIDA STATUTES
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220 Exam – Florida Statutes | Exam Questions And Correct Answers| Latest Update

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Institution FLORIDA STATUTES
Course FLORIDA STATUTES
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covering Florida insurance statutes, licensing requirements, insurance regulations, and general lines agent responsibilities. Topics include appointments and continuing education, prohibited insurance practices such as rebating, twisting, sliding, coercion, and misrepresentation, Florida insurance regulatory authorities, Citizens Property Insurance Corporation, FIGA, FAJUA, and surplus lines. The material also covers property and casualty insurance concepts including coinsurance calculations, policy provisions, declarations, conditions, exclusions, appraisal, indemnity, insurable interest, claims procedures, cancellation requirements, and insurance company classifications. It provides a broad question-and-answer review resource for preparing for a Florida 220 insurance exam and reinforcing key statutory and regulatory concepts.

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220 EXAM – FLORIDA STATUTES | EXAM QUESTIONS AND CORRECT ANSWERS


All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state
D. Soliciting insurance in other areas of the state




How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months
B. 6 months




Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer

,D. A real estate agent
A. A non-resident agent




Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
B. Coercion




Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
C. Twisting

,Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion
C. Sliding




An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
C. Domestic




An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
A. Foreign

, An insurance company formed in Zurich, Switzerland is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
B. Alien




An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
D. A captive insurance company
B. An authorized insurance company




All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business

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