©EVERLY 2025 ALL RIGHTS RESERVED.
Florida Licensing Exam Questions And
Answers 100% Pass.
The administration of state insurance law is the responsibility of - Answer✔the Chief Financial
Officer
Which state entity is responsible for approving a certificate of authority for an insurance
company - Answer✔Office of Insurance Regulation
Which statement is true about the state insurance fraud department - Answer✔if a criminal law
has been violated ,the officer will refer it to the appropriate law enforcement agency. The Bureau
of Financial Investigations functions as a criminal justice agency within DFS, may conduct
investigations within or outside Florida, and will refer records to the appropriate state or federal
agency and provide assistance as required.
In Florida, which of the following is not a duty of the Department of Financial Services> -
Answer✔Enforces the Insurance Code by administering criminal penalties. They handle
licensing insurance companies and investigate applicants for an insurance license.
Which of the following forms does not require approval from the Office of Insurance Regulation
in Florida - Answer✔Agent Report; those require approval are the insurance policy, annuity
contract form and printed riders or endorsements
The Market Investigation division includes 4 sections with unique duties - Answer✔The
Property and Casualty section conducts exams and investigates business practices of authorized
P&C insurers; the Special Investigation unit investigates illegal activity; and the Market Analysis
section identifies trends and date relating to the insurance industry. NOT Approval
How often must the Office of Financial Regulation audit all authorized insurance carriers in
Florida - Answer✔every 5 years
Which is not true of a nonadmitted carrier - Answer✔The Florida Guaranty Association protects
residents who buy from a nonadmitted carrier. Non admitted companies are not state licensed nor
regulated by Florida so they do not extend protection from those who buy from these companies
In Florida, unlicensed entities are a regulatory concern due to - Answer✔Potential criminal
activity. They also have an adverse economic impact on authorized insurers, potential for unpaid
claims due to dishonesty, lack of sound actuarial decisions, and the state and federal Guaranty
funds do not pay for their unpaid claims
1|Page
, ©EVERLY 2025 ALL RIGHTS RESERVED.
P, a person without a certificate of authority in Florida, engaged in insurance activities and
collected $150,000 dollars in premium payments. P is guilty of a: - Answer✔1st degree felony.
Which of the following is true about an insurance agency in Florida? - Answer✔An agency must
have a licensed and appointed full-time agent in charge.
In Florida, which type of adjuster is hired on behalf of a third-party claimant to negotiate and
settle a claim? - Answer✔Public
Public Adjusted - Answer✔a person hired for a fee on behalf of an insured or 3rd party claimant
to negotiate and settle a claim
Which of the following is incorrect about insurance company appointments? - Answer✔An
agent must be appointed for property and casualty insurance separately.
Which of the following is not a qualification to apply for a general lines license in Florida? -
Answer✔Must have a high school diploma or GED; they must be 18+, US citizen, complete 200
hours of coursework, trustworthy
A change of address must be reported to the DFS within how many days after moving? -
Answer✔30 days
An insurance license in Florida may not be suspended for which of the following? -
Answer✔Over insuring a health insurance risk
In Florida, agents accept premiums as a fiduciary. In that capacity, how long do the agents have
to turn money over to the insurer? - Answer✔Immediately
T, an agent in Florida, is issuing a contract to C, a consumer. Both of them must sign the
contract, and T must retain it for how many years? - Answer✔3 years
Which of the following is not considered unethical as described in the Unfair Trade and
Marketing Practices? - Answer✔Representation; examples of unethical behavior are twisting,
rebating, churning, and misrepresentation.
Twisting - Answer✔knowingly making any misleading representations or incomplete or
fraudulent comparisons
Churning - Answer✔policy values, such s cash value, in an existing life insurance policy is used
to purchase another insurance policy
Rebating - Answer✔permit an offer to make any agreement other than as plainly expressed, pay
or allow any specific favor or benefit
Misrepresentation - Answer✔knowingly disseminating info the insurer knows to be untrue
The maximum amount on which the Florida Insurance Guaranty Association will assume the
contractual obligation for any one policy is: - Answer✔$300,000
In Florida, denying an insurance claim because it results from abuse, assault, or battery from a
family member is an unfair practice called: - Answer✔Unfair discrimination
2|Page
Florida Licensing Exam Questions And
Answers 100% Pass.
The administration of state insurance law is the responsibility of - Answer✔the Chief Financial
Officer
Which state entity is responsible for approving a certificate of authority for an insurance
company - Answer✔Office of Insurance Regulation
Which statement is true about the state insurance fraud department - Answer✔if a criminal law
has been violated ,the officer will refer it to the appropriate law enforcement agency. The Bureau
of Financial Investigations functions as a criminal justice agency within DFS, may conduct
investigations within or outside Florida, and will refer records to the appropriate state or federal
agency and provide assistance as required.
In Florida, which of the following is not a duty of the Department of Financial Services> -
Answer✔Enforces the Insurance Code by administering criminal penalties. They handle
licensing insurance companies and investigate applicants for an insurance license.
Which of the following forms does not require approval from the Office of Insurance Regulation
in Florida - Answer✔Agent Report; those require approval are the insurance policy, annuity
contract form and printed riders or endorsements
The Market Investigation division includes 4 sections with unique duties - Answer✔The
Property and Casualty section conducts exams and investigates business practices of authorized
P&C insurers; the Special Investigation unit investigates illegal activity; and the Market Analysis
section identifies trends and date relating to the insurance industry. NOT Approval
How often must the Office of Financial Regulation audit all authorized insurance carriers in
Florida - Answer✔every 5 years
Which is not true of a nonadmitted carrier - Answer✔The Florida Guaranty Association protects
residents who buy from a nonadmitted carrier. Non admitted companies are not state licensed nor
regulated by Florida so they do not extend protection from those who buy from these companies
In Florida, unlicensed entities are a regulatory concern due to - Answer✔Potential criminal
activity. They also have an adverse economic impact on authorized insurers, potential for unpaid
claims due to dishonesty, lack of sound actuarial decisions, and the state and federal Guaranty
funds do not pay for their unpaid claims
1|Page
, ©EVERLY 2025 ALL RIGHTS RESERVED.
P, a person without a certificate of authority in Florida, engaged in insurance activities and
collected $150,000 dollars in premium payments. P is guilty of a: - Answer✔1st degree felony.
Which of the following is true about an insurance agency in Florida? - Answer✔An agency must
have a licensed and appointed full-time agent in charge.
In Florida, which type of adjuster is hired on behalf of a third-party claimant to negotiate and
settle a claim? - Answer✔Public
Public Adjusted - Answer✔a person hired for a fee on behalf of an insured or 3rd party claimant
to negotiate and settle a claim
Which of the following is incorrect about insurance company appointments? - Answer✔An
agent must be appointed for property and casualty insurance separately.
Which of the following is not a qualification to apply for a general lines license in Florida? -
Answer✔Must have a high school diploma or GED; they must be 18+, US citizen, complete 200
hours of coursework, trustworthy
A change of address must be reported to the DFS within how many days after moving? -
Answer✔30 days
An insurance license in Florida may not be suspended for which of the following? -
Answer✔Over insuring a health insurance risk
In Florida, agents accept premiums as a fiduciary. In that capacity, how long do the agents have
to turn money over to the insurer? - Answer✔Immediately
T, an agent in Florida, is issuing a contract to C, a consumer. Both of them must sign the
contract, and T must retain it for how many years? - Answer✔3 years
Which of the following is not considered unethical as described in the Unfair Trade and
Marketing Practices? - Answer✔Representation; examples of unethical behavior are twisting,
rebating, churning, and misrepresentation.
Twisting - Answer✔knowingly making any misleading representations or incomplete or
fraudulent comparisons
Churning - Answer✔policy values, such s cash value, in an existing life insurance policy is used
to purchase another insurance policy
Rebating - Answer✔permit an offer to make any agreement other than as plainly expressed, pay
or allow any specific favor or benefit
Misrepresentation - Answer✔knowingly disseminating info the insurer knows to be untrue
The maximum amount on which the Florida Insurance Guaranty Association will assume the
contractual obligation for any one policy is: - Answer✔$300,000
In Florida, denying an insurance claim because it results from abuse, assault, or battery from a
family member is an unfair practice called: - Answer✔Unfair discrimination
2|Page
