FLORIDA PROPERTY & CASUALITY INSURANCE,GLOSSARY FOR
220 LICENSE NEWEST 2025 ACTUAL TEST BANK EXAM
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!
COMPLETE EXAM 2025
Which of the following is not a type of insurance that can be
transacted with a "General Lines" insurance license?
Life insurance written by carrier who is also represented for
Property and Casualty
If a licensee has their appointment terminated, how long does
he or she have to be reappointed before his license is
terminated?
48 months
Charging an applicant for a specific ancillary coverage in
addition to the cost of the automobile insurance coverage
applied for without his consent is defined as:
Sliding
An insurance company formed under the laws of Florida is
defined as:
Domestic
An insurance company that is licensed to do business in Florida
is defined as:
,An authorized insurance company
All of the following are considered "Transacting Insurance"
EXCEPT:
Underwriting new business
Knowingly using an incomplete comparison of insurance
policies in order to get the insured to buy a policy from you is
defined as:
Twisting
Willful deception of an insurance policy done by dissemination
of information is defined as:
Misrepresentation
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:
Coercion
If a licensee has a change in name or address, how long does he
have to notify the Department of Insurance?
30 days
When the majority of insurance written is for family members it
is defined as:
Controlled Business
,If an agent had been licensed for more than 6 years, how many
hours of continuing education are required every 2 years?
20
How many hours of continuing education is a newly licensed
agent required to have for their first Continuing Education
compliance period?
24
When authority is given to a licensee to transact or adjust
insurance it is defined as:
Appointment
An insurance company formed in London is defined as:
Alien
An insurance company formed under the laws of another state
is defined as:
Foreign
All of the following are grounds for compulsory refusal,
suspension, or revocation EXCEPT:
Soliciting insurance in other areas of the state
A licensed insurance agent may share commissions with which
of the following?
Non-Resident Agent
, Customer Representative
Life Insurance Agen
A plan in which the employer would, from its own funds, bear
the financial responsibility for the covered health claims of its
own participating employees is defined as:
Self-Insured
An employee welfare benefit plan or other arrangement that is
established or maintained to provide one or more of various
insurance benefits (including health insurance) to the
employees of two or more employers is defined as:
MEWA
Which of the following is NOT a possible consequence for
Aiding and Abetting an Unauthorized Insurer:
Conviction of a second-degree felony
An insurance company formed in Berlin, Germany is defined as:
Alien
Which of the following roof types will be eligible for a Wind
Mitigation discount?
Hip
Which of the following defines how the roof trusses are
attached to the wall framework?
220 LICENSE NEWEST 2025 ACTUAL TEST BANK EXAM
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!
COMPLETE EXAM 2025
Which of the following is not a type of insurance that can be
transacted with a "General Lines" insurance license?
Life insurance written by carrier who is also represented for
Property and Casualty
If a licensee has their appointment terminated, how long does
he or she have to be reappointed before his license is
terminated?
48 months
Charging an applicant for a specific ancillary coverage in
addition to the cost of the automobile insurance coverage
applied for without his consent is defined as:
Sliding
An insurance company formed under the laws of Florida is
defined as:
Domestic
An insurance company that is licensed to do business in Florida
is defined as:
,An authorized insurance company
All of the following are considered "Transacting Insurance"
EXCEPT:
Underwriting new business
Knowingly using an incomplete comparison of insurance
policies in order to get the insured to buy a policy from you is
defined as:
Twisting
Willful deception of an insurance policy done by dissemination
of information is defined as:
Misrepresentation
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:
Coercion
If a licensee has a change in name or address, how long does he
have to notify the Department of Insurance?
30 days
When the majority of insurance written is for family members it
is defined as:
Controlled Business
,If an agent had been licensed for more than 6 years, how many
hours of continuing education are required every 2 years?
20
How many hours of continuing education is a newly licensed
agent required to have for their first Continuing Education
compliance period?
24
When authority is given to a licensee to transact or adjust
insurance it is defined as:
Appointment
An insurance company formed in London is defined as:
Alien
An insurance company formed under the laws of another state
is defined as:
Foreign
All of the following are grounds for compulsory refusal,
suspension, or revocation EXCEPT:
Soliciting insurance in other areas of the state
A licensed insurance agent may share commissions with which
of the following?
Non-Resident Agent
, Customer Representative
Life Insurance Agen
A plan in which the employer would, from its own funds, bear
the financial responsibility for the covered health claims of its
own participating employees is defined as:
Self-Insured
An employee welfare benefit plan or other arrangement that is
established or maintained to provide one or more of various
insurance benefits (including health insurance) to the
employees of two or more employers is defined as:
MEWA
Which of the following is NOT a possible consequence for
Aiding and Abetting an Unauthorized Insurer:
Conviction of a second-degree felony
An insurance company formed in Berlin, Germany is defined as:
Alien
Which of the following roof types will be eligible for a Wind
Mitigation discount?
Hip
Which of the following defines how the roof trusses are
attached to the wall framework?
