220 Florida Insurance Verified Multiple
Choice and Conceptual Actual Emended
Exam Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update
1. The General Lines state exam consists of _______ questions with a ______
hour time limit. - ANSWER 160; 3
2. For a General Lines License, the applicant the he or she is how man years of
age? - ANSWER 18
3. When more than 50% of an agent's income comes from business from an
agent or their family, this is know as what type of business? - ANSWER
Controlled business
4. If an agent's license has gone more than 48 months without an
appointment he or she must apply once again as what? - ANSWER First
time applicant
5. A designated customer service representative in Florida can only be
appointed by who or what? - ANSWER A General lines agent
,6. Once your adjuster license has gone beyond __________ months without
an appointment, you will have to qualify as a first time applicant. - ANSWER
48
7. What elected official is a member of the Florida cabinet, and serves as the
head of the Department of Financial Services? - ANSWER Chief financial
officer
8. Who directly oversees the Division of Insurance Agent and Agency Services?
- ANSWER Chief financial officer
9. Insurance company regulation is administered by which office? - ANSWER
Commission of Office of Insurance Regulation
10.Which office provides oversight to Florida's financial service providers? -
ANSWER Office of financial regulation
11.What is the best definition of risk? - ANSWER The chance of financial
loss
12.What is temporary insurance which can be made through oral or written
agreement? - ANSWER Binder
13.What type of insurance best describes when payments are made on behalf
of the insured to another party? - ANSWER Liability insurance
, 14.John is shopping for auto insurance and is offered an insurance policy which
he does not agree with. The insurance representative tells him that the
terms of the insurance contract are non-negotiable. This type of insurance
contract is known as a(n) - ANSWER Contract of adhesion
15.Wind, theft, lightning, fire, and flood are all examples of what? - ANSWER
Peril
16.Intentionally destroying your car to collect money from the insurance is
classified as what type of hazard? - ANSWER Moral
17.John was involved in an automobile accident that was not his fault. John
then transferred his rights to his insurance company to collect damages for
the claim they just paid. This is a perfect example of what insurance
concept? - ANSWER Subrogation
18.If an insurance company broadens coverage in similar policies then those
who are already insured under similar policies would receive said benefits
of the broadened coverage without additional premium. This insurance
concept is best known as - ANSWER Liberalization
19.A policy condition that is based on information you provided to the insurer
during the application for insurance, or a policy condition that was inserted
by the insurer is known as a(n) - ANSWER Warranty
Choice and Conceptual Actual Emended
Exam Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update
1. The General Lines state exam consists of _______ questions with a ______
hour time limit. - ANSWER 160; 3
2. For a General Lines License, the applicant the he or she is how man years of
age? - ANSWER 18
3. When more than 50% of an agent's income comes from business from an
agent or their family, this is know as what type of business? - ANSWER
Controlled business
4. If an agent's license has gone more than 48 months without an
appointment he or she must apply once again as what? - ANSWER First
time applicant
5. A designated customer service representative in Florida can only be
appointed by who or what? - ANSWER A General lines agent
,6. Once your adjuster license has gone beyond __________ months without
an appointment, you will have to qualify as a first time applicant. - ANSWER
48
7. What elected official is a member of the Florida cabinet, and serves as the
head of the Department of Financial Services? - ANSWER Chief financial
officer
8. Who directly oversees the Division of Insurance Agent and Agency Services?
- ANSWER Chief financial officer
9. Insurance company regulation is administered by which office? - ANSWER
Commission of Office of Insurance Regulation
10.Which office provides oversight to Florida's financial service providers? -
ANSWER Office of financial regulation
11.What is the best definition of risk? - ANSWER The chance of financial
loss
12.What is temporary insurance which can be made through oral or written
agreement? - ANSWER Binder
13.What type of insurance best describes when payments are made on behalf
of the insured to another party? - ANSWER Liability insurance
, 14.John is shopping for auto insurance and is offered an insurance policy which
he does not agree with. The insurance representative tells him that the
terms of the insurance contract are non-negotiable. This type of insurance
contract is known as a(n) - ANSWER Contract of adhesion
15.Wind, theft, lightning, fire, and flood are all examples of what? - ANSWER
Peril
16.Intentionally destroying your car to collect money from the insurance is
classified as what type of hazard? - ANSWER Moral
17.John was involved in an automobile accident that was not his fault. John
then transferred his rights to his insurance company to collect damages for
the claim they just paid. This is a perfect example of what insurance
concept? - ANSWER Subrogation
18.If an insurance company broadens coverage in similar policies then those
who are already insured under similar policies would receive said benefits
of the broadened coverage without additional premium. This insurance
concept is best known as - ANSWER Liberalization
19.A policy condition that is based on information you provided to the insurer
during the application for insurance, or a policy condition that was inserted
by the insurer is known as a(n) - ANSWER Warranty
