FLORIDA 2-20 AGENTS LICENSE EXAM REAL EXAM 200+ QUESTIONS AND CORRECT DETAILED ANSWERS LATEST UPDATE

True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - ANSWER- False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is specifically excluded. An applicant for the 2-20 General Lines Agent License must show that the application is at least ____ years of age. - ANSWER- 18 An applicant for the 2-20 General Lines Agent License must show that the application is at least eighteen (18) years of age. Which license is required to operate retail Property & Casualty Insurance Agency? - ANSWER- 2-20 General Lines Agent License The 2-20 General Lines Agent License is required to operate a retail Property & Casualty Insurance Agency. True or False? If an applicant fails to present a valid form of identification at the time of taking the 2-20 General Lines Agent exam that failure is considered a missed appointment and requires a new application and fee to the Department of Financial Services. - ANSWER- True It is True. An applicant who fails to present a valid form of identification at the time of taking the 2-20 General Lines Agent exam isconsidered to have missed the appointment and requires a new application and fee to the Department of Financial Services. Insurance contracts are personal contracts were the focus is on? - ANSWER- the person or persons being insured Insurance contracts are "personal contracts" where the focus is on the person or persons, NOT the property or operations. __________ is by and large when a property is without occupant or contents #14654 (entirely and materially empty). - ANSWER- Vacancy Vacancy is by and large when a property is without occupant or contents (entirely and materially empty).A man steps off a curb into busy traffic while he was texting on his iPhone; he stepped directly in front of a car which was forced to slam on their brakes. Unfortunately the car skidded into a food truck which then ricocheted into the food truck next to it. What was the proximate cause of all the damage? - ANSWER- the man stepping into oncoming traffic The proximate cause in any event is the primary and effective cause that triggers the event(s) resulting in injury or damages. In this case the negligence of the man stepping into oncoming traffic when it was unsafe to do so was the sole event which triggered the unbroken chain of events leading to the damage to the car and both food trucks. All of the following are true regarding "contracts of adhesion" EXCEPT #14645which of the follow? A)ambiguities are resolved in favor of the insurance company B)the insured cannot negotiate language of policy C)insurance companies draft the policy language D)the parties to the contract have "uneven" bargaining power - ANSWER- A Feedback:Insurance contracts are considered "contracts of adhesion"; contracts of adhesion arethose were one party drafts the language of the contact and the other party must takeor leave the contract as it is written. In most cases the parties are of unequal bargainingpower AND in most cases on party (the drafting party) is construed to have more expertiseregarding the subject matter. As a result, the courts resolve ambiguities against thedrafting party (the insurance company) and in favor of the non-drafting party (the insured). Straight deductibles specify the deduction of a flat amount from a loss, regardless of the ______ of the loss. - ANSWER- Size Straight deductibles specify the deduction of a flat amount from a loss payment, regardless of the size of the loss. All of the following are true regarding "insurable interest" EXCEPT: A)it is the economic interest in property B)it must exist before an insurance policy will pay for a loss C)it is the extent to which an insured might be indemnified D)insurable interest in not required in a property insurance policy - ANSWER- D Insurable interest is required in property and