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Surplus Lines Exam Complete Insurance Licensing Study Guide Questions and Answers 2026/ 2027

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Comprehensive Surplus Lines Exam and Insurance Licensing Study Guide covering surplus lines insurance fundamentals, eligible and ineligible risks, licensing requirements, broker responsibilities, policy placement, underwriting, premium taxes, filings, regulations, compliance, ethical standards, and state-specific requirements. Includes practice questions and answers to help insurance students and licensing candidates review key concepts, strengthen their understanding of surplus lines regulations, and prepare effectively for licensing exams.

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Surplus Lines Exam _ Complete InsuranceSurplus
Licensing
Lines
Study
Exam
Guide.pdf
_ Complete InsuranceSurplus
Licensing
Lines
Study
Exam
Guide.pdf
_ Complete Insurance Licensing Study Guide.pdf




Surplus Lines Exam | Complete
Insurance Licensing Study Guide




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Surplus Lines Exam _ Complete InsuranceSurplus
Licensing
Lines
Study
Exam
Guide.pdf
_ Complete InsuranceSurplus
Licensing
Lines
Study
Exam
Guide.pdf
_ Complete Insurance Licensing Study Guide.pdf

,Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf




Rebating is none of the following except: A) Offering special favors for doing business with you


Surplus Lines can be used for which of the following? C) Providing financial security through reinsurance for undercapitalized insurers


Most Licensees must meet none of the following A) Renew their license every two years by paying a fee
requirements EXCEPT:




The surplus lines insurers must show which of the A) Indicating they are competent, trustworthy and have experience
following to become eligible?




Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf

,Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf




The only surplus lines agents exempt from taking an B) No surplus lines agents are exempt from examination
exam are:


The elements of a valid contract include all of the B) Legal Representation
following except:


The Insurance Commissioner can do all of the following D) Set commission rates paid by carriers
except:


If you get caught with a material misrepresentation on B) You will be denied a license and you cannot re-apply immediately
your license application, which of the following will
happen?


A kickback is similar to which of the following? D) Rebates


Hazards are which of the following? B) Increases the chance of having a peril


All of the following are true about surplus lines B) They compete directly with admitted companies
companies EXCEPT:




Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf

, Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf




Defamation is which of the following? A) Making a written statement that is false about the financial condition of a
computer




Advertising includes all of the following except: A) Internal Company Bulletins


A purchasing group is made up of which of the C) Members limited to those in similar businesses
following?


The job of the Insurance Commissioner includes all of D) Making sure the Texas insurance codes coordinate with other state insurance
the following except: codes


A foreign Insurance Company is which of the following? C) a company with its home office in another state but is doing business here

Surplus Lines Exam.pdf Surplus Lines Exam.pdf Surplus Lines Exam.pdf

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