FLORIDA 2-20 AGENTS LICENSE EXAM NEWEST
2025 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!
Save
Terms in this set (326)
Which of the following is Seeking the license only to write controlled business
NOT a required
qualification for a General
Lines Agent:
The Department of Pays insurance claims
Financial Services
performs the following,
EXCEPT:
Once license, you have 48 months
how long to obtain an
appointment?
Which of the following is Submit rate filings and underwriting rules for approval
NOT a duty of the Office
of Insurance Regulation?
Which one of the Contractors must usually provide evidence of liability
following statements is insurance before a construction contract is granted.
correct?
From a risk management Transfer the cost of losses.
viewpoint, insurance is
used to
,Liability coverage for loss Commercial general liability insurance.
exposures arising from a
business organization's
premises and operations,
its products, or its
completed work is
typically provided by
Which one of the Insurance helps reduce the financial burden to society
following statements is by compensating accident victims.
correct regarding the
benefits provided by
insurance?
Insurance is not the only Noninsurance transfer techniques.
risk management transfer
technique. When
circumstances are
appropriate, transfer can
be accomplished through
,Oscar's custom-built Large number of similar exposure units
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?
Liability coverage to Personal liability insurance.
individuals and families for
bodily injury and property
damage arising from the
insured's personal
premises or activities is
typically provided by
, Sally is a recent college Risk transfer.
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
One of the costs of Society
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
Retention is often used in The potential for financial ruin.
combination with
insurance as a way of
treating loss exposures.
One of the major
downsides of individuals
using retention alone is
2025 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!
Save
Terms in this set (326)
Which of the following is Seeking the license only to write controlled business
NOT a required
qualification for a General
Lines Agent:
The Department of Pays insurance claims
Financial Services
performs the following,
EXCEPT:
Once license, you have 48 months
how long to obtain an
appointment?
Which of the following is Submit rate filings and underwriting rules for approval
NOT a duty of the Office
of Insurance Regulation?
Which one of the Contractors must usually provide evidence of liability
following statements is insurance before a construction contract is granted.
correct?
From a risk management Transfer the cost of losses.
viewpoint, insurance is
used to
,Liability coverage for loss Commercial general liability insurance.
exposures arising from a
business organization's
premises and operations,
its products, or its
completed work is
typically provided by
Which one of the Insurance helps reduce the financial burden to society
following statements is by compensating accident victims.
correct regarding the
benefits provided by
insurance?
Insurance is not the only Noninsurance transfer techniques.
risk management transfer
technique. When
circumstances are
appropriate, transfer can
be accomplished through
,Oscar's custom-built Large number of similar exposure units
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?
Liability coverage to Personal liability insurance.
individuals and families for
bodily injury and property
damage arising from the
insured's personal
premises or activities is
typically provided by
, Sally is a recent college Risk transfer.
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
One of the costs of Society
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
Retention is often used in The potential for financial ruin.
combination with
insurance as a way of
treating loss exposures.
One of the major
downsides of individuals
using retention alone is
