Florida Insurance Agent Licensing Exam Test
Questions And Correct Answers (Verified Answers)
Plus Rationales 2025/2026 Q&A | Instant
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1. What is the minimum age requirement to become a licensed insurance
agent in Florida?
18 years old
Florida law requires applicants to be at least 18 years old to ensure they
have legal capacity to contract and fulfill agent responsibilities.
2. Which Florida statute governs the licensing of insurance agents?
Florida Statute Chapter 626
Chapter 626 outlines the licensing, regulation, and responsibilities of
insurance agents in Florida.
3. How many hours of pre-licensing education are required for a 2-15 (Life,
Health, and Variable Annuities) license in Florida?
60 hours
Florida mandates 60 hours of pre-licensing education to ensure agents
have adequate knowledge before licensure.
4. Which of the following is a fiduciary responsibility of an insurance agent?
Handling client premiums in a trust capacity
, Agents must act in the best interests of clients and treat premiums as
trust funds, not personal assets.
5. In Florida, how often must an insurance license be renewed?
Every 2 years
Licenses must be renewed biennially to maintain active status and
compliance with continuing education requirements.
6. Which department regulates insurance agents in Florida?
Florida Department of Financial Services (DFS)
The DFS oversees licensing, compliance, and enforcement for insurance
professionals in Florida.
7. What is the required number of continuing education hours for most
resident agents in Florida every two years?
24 hours
Florida requires most resident agents to complete 24 CE hours biennially,
including ethics training, to maintain licensure.
8. Which of the following is an example of controlled business?
Writing insurance primarily for family or employer
Controlled business refers to policies written mainly for the agent’s own
benefit or close associates, which is restricted.
9. What is the penalty for transacting insurance without a license in Florida?
Third-degree felony
Unlicensed insurance activity is a criminal offense in Florida, punishable as
a third-degree felony.
, 10.Which term describes misrepresenting policy terms to induce a client to
replace coverage?
Twisting
Twisting is the unethical act of misrepresenting a policy to persuade
replacement, prohibited by Florida law.
11.Which of the following is considered rebating?
Offering part of the commission to a client as an incentive
Rebating involves returning part of an agent’s commission to a client to
induce purchase, which is regulated in Florida.
12.In Florida, how many days does an insurer have to acknowledge receipt of a
claim?
14 days
Florida law requires insurers to acknowledge a claim within 14 calendar
days to ensure prompt service.
13.Which life insurance policy feature allows the policyholder to stop paying
premiums without losing coverage entirely?
Nonforfeiture options
Nonforfeiture options, such as reduced paid-up or extended term, protect
some value if premiums stop.
14.Which type of insurance protects a business against the death of a key
employee?
Key person insurance
Key person insurance helps cover financial loss from the death of an
essential employee.
Questions And Correct Answers (Verified Answers)
Plus Rationales 2025/2026 Q&A | Instant
Download Pdf
1. What is the minimum age requirement to become a licensed insurance
agent in Florida?
18 years old
Florida law requires applicants to be at least 18 years old to ensure they
have legal capacity to contract and fulfill agent responsibilities.
2. Which Florida statute governs the licensing of insurance agents?
Florida Statute Chapter 626
Chapter 626 outlines the licensing, regulation, and responsibilities of
insurance agents in Florida.
3. How many hours of pre-licensing education are required for a 2-15 (Life,
Health, and Variable Annuities) license in Florida?
60 hours
Florida mandates 60 hours of pre-licensing education to ensure agents
have adequate knowledge before licensure.
4. Which of the following is a fiduciary responsibility of an insurance agent?
Handling client premiums in a trust capacity
, Agents must act in the best interests of clients and treat premiums as
trust funds, not personal assets.
5. In Florida, how often must an insurance license be renewed?
Every 2 years
Licenses must be renewed biennially to maintain active status and
compliance with continuing education requirements.
6. Which department regulates insurance agents in Florida?
Florida Department of Financial Services (DFS)
The DFS oversees licensing, compliance, and enforcement for insurance
professionals in Florida.
7. What is the required number of continuing education hours for most
resident agents in Florida every two years?
24 hours
Florida requires most resident agents to complete 24 CE hours biennially,
including ethics training, to maintain licensure.
8. Which of the following is an example of controlled business?
Writing insurance primarily for family or employer
Controlled business refers to policies written mainly for the agent’s own
benefit or close associates, which is restricted.
9. What is the penalty for transacting insurance without a license in Florida?
Third-degree felony
Unlicensed insurance activity is a criminal offense in Florida, punishable as
a third-degree felony.
, 10.Which term describes misrepresenting policy terms to induce a client to
replace coverage?
Twisting
Twisting is the unethical act of misrepresenting a policy to persuade
replacement, prohibited by Florida law.
11.Which of the following is considered rebating?
Offering part of the commission to a client as an incentive
Rebating involves returning part of an agent’s commission to a client to
induce purchase, which is regulated in Florida.
12.In Florida, how many days does an insurer have to acknowledge receipt of a
claim?
14 days
Florida law requires insurers to acknowledge a claim within 14 calendar
days to ensure prompt service.
13.Which life insurance policy feature allows the policyholder to stop paying
premiums without losing coverage entirely?
Nonforfeiture options
Nonforfeiture options, such as reduced paid-up or extended term, protect
some value if premiums stop.
14.Which type of insurance protects a business against the death of a key
employee?
Key person insurance
Key person insurance helps cover financial loss from the death of an
essential employee.
